The USDJPY is consolidating in early Friday after suffering heavy losses on Thursday, when the pair was down 550 pips (3.8%) in the biggest one day drop since 1998. The dollar was hit strongly by cooler than expected US Oct CPI data which suggest that inflation may have peaked, and the Fed could start easing […]
The post USDJPY: Consolidation after Strong Fall on Thursday Likely to Precede Further Weakness appeared first on Action Forex.
RBA hikes cash rate to 4.1% in a 5:4 vote. Perceived capacity pressures and inflationary impacts of the Middle East conflict were key concerns. As was widely expected, the RBA Monetary Policy Board (MPB) raised Read more…
The early spike in oil prices faded throughout yesterday’s trading session, pulling both US and Brent crude below the $100pb mark on news that a few tankers could transit through the Strait of Hormuz. There Read more…
In focus today Focus remains on tensions in the Middle East and its impact on energy markets. In Germany, we will receive the ZEW survey data for March. Recent months have shown an improvement in Read more…