There will be no shortage of potential market moving events this week! After the Bank of Canada hiked rates by 25bps and signaled a pause in its rate hike cycle last week, the FOMC, BOE, and ECB, will each get their own shot at deciding what to do with monetary policy. The FOMC is expected […]
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Yen’s recovery gained some momentum today on as speculation over an imminent BoJ rate hike. Governor Kazuo Ueda reinforced Deputy Governor Ryozo Himino’s earlier comments, suggesting that next week’s policy meeting could bring a shift Read more…
Daily Pivots: (S1) 157.33; (P) 157.76; (R1) 158.41; More… Intraday bias in USD/JPY remains neutral for the moment as sideway trading continues. Further rally is in favor as long as 156.0 support holds. On the Read more…
UK CPI slowed from 2.6% yoy to 2.5% yoy in December, below expectation of 2.7% yoy. Core CPI slowed from 3.5% yoy to 3.2% yoy, below expectation of 3.4% yoy. CPI goods annual rate rose Read more…