The S&P500 hit a record high yesterday, its 30th record high since the beginning of this year. The technology stocks led the rally. Apple, which revealed its plans to integrate ChatGPT into its iPhones last Read more…
Daily Pivots: (S1) 157.27; (P) 157.62; (R1) 158.07; More… USD/JPY is staying in tight range below 158.25 temporary top and intraday bias remains neutral. Further rally would be in favor as long as 154.53 support Read more…
Japanese Yen had a modest recovery in Asian session, accompanied by an uptick in 10-year JGB yield and Nikkei. This comes as BoJ Governor Kazuo Ueda continued to prepare the markets for more tightening ahead, Read more…
RBA left its cash rate target unchanged at 4.35%, as widely anticipated. It maintained its stance of “not ruling anything in or out,” indicating a cautious approach and open stance amid ongoing economic uncertainties. While Read more…
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation remains above Read more…
BoJ Governor Kazuo Ueda reiterated today that the central bank could raise interest rates again in July, stressing that this decision would be independent of the plan to taper bond purchases. Speaking to parliament, Ueda Read more…
Philadelphia Fed President Patrick Harker indicated overnight that his base case scenario includes one interest rate cut by the end of the year, contingent on several more months of improving inflation data. Harker emphasized the Read more…
A weak Yen is aiding the Bank of Japan’s inflation objective for now by dislodging the deflationary mindset. But homegrown inflation needs further wage increases and investment. The Bank of Japan (BoJ) raised rates at Read more…
Key Highlights GBP/USD started a downside correction from the 1.2860 resistance. It traded below a key bullish trend line with support at 1.2720 on the 4-hour chart. EUR/USD is eyeing a recovery wave from the Read more…
The EURGBP pair, representing the exchange rate between the Euro and the British Pound, encapsulates the economic dynamics of the Eurozone and the United Kingdom. The Euro is influenced by economic growth, inflation, and the Read more…