Speaking in the parliament, BoJ Governor Haruhiko Kuroda said there is no plan to change the band for 10-year JGB yield to fluctuate in. He added, “our basic approach is to buy a sufficient amount Read more…
EUR/USD The depreciation of the single European currency was limited just above the support zone at 1.1268 during the first trading session for this week. The subsequent appreciation could be seen as a corrective move Read more…
Global stocks jumped on Tuesday after Russia sent mixed signals about its strategy on Ukraine. The country’s defense minister announced that it will pull some of its troops from the Ukrainian border. It also noted Read more…
Cryptocurrencies rose on Tuesday on the back of strengthening stock indices and falling protective assets like gold, the yen, and treasuries. Bitcoin started its rise before the news about Russia and Ukraine hit the wires Read more…
Gold drifts lower on signs of de-escalation in Ukraine. A break above last November’s high at 1875 may have put the precious metal back on track. However, the rally ran out of steam in the Read more…
The sterling holds well as Britain’s wage growth beats expectations in December. The current rebound came under pressure in the supply zone around 1.3660 which was the origin of a sharp drop in late January. Read more…
The US dollar retreats as the Fed’s half-point hike in March remains uncertain. The euro’s break above the daily resistance at 1.1480 boosted buyers’ confidence after a sell-off in January. It bounced off 1.1280 at Read more…
Markets News on the geopolitical front trumped second tier data as the dominant trading factor yesterday. Russian president Putin indicated he is still open for a diplomatic solution. He announced several thousands of troops that Read more…
Investors loved the sound of peace and the risk appetite came back yesterday as Russians started pulling a part of their troops back from the Ukrainian border. Although, news of a cyber-attack on some Ukrainian Read more…
UK CPI rose further from 5.4% yoy to 5.5% yoy in January, matched expectations. That’s the highest level in the National Statistics series since January 1997. It was last higher in the historical modelled series Read more…