The Australian dollar is up 0.70 percent for the day and is reaching session highs. At 0.6432, the pair is getting close to its highest level since October 11 at 0.6445. Bond yield differentials and variations in Fed and RBA policy choices strengthen the AUD: Interest rates between 5.25% to 5.50% will remain unchanged, according to the Fed. On November 7, it is...
Due to investor demands for compensation for interest rate and geopolitical risks, as well as worries about oversupply as the Fed tightens monetary policy, both the bond and equity markets are volatile. Because of this, the market will be much more interested in the capital mobilization announcement on November 1st, including details about the scope and duration...
Tuesday's opening of European stock markets is anticipated to be higher as investors digest more corporate earnings in advance of the publication of significant growth and inflation data in the area, overshadowing China's dismal activity statistics. While consumer prices are predicted to rise 3.1% annually in October, down from 4.3% the previous month, the gross...
USD/CHF Short • If price impulses down below the wick below, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan...
With the EUR/JPY exchange rate at 160.80, the 2008 peak, and the USD/JPY exchange rate at 150.75, the yen is continuing its downward spiral to a new low throughout the day. This occurred when Tokyo dispelled any rumors that it was still protecting the price by confirming that it did not interfere in the currency markets in October. The BOJ doesn't seem to be...
The US economy is resilient, as evidenced by new data released on October 31. This is the most recent indication that the US Federal Reserve (Fed) can sustain high interest rates for an extended length of time. As a result, given the substantial rise in wages during the third quarter, US labor costs rose dramatically. After increasing by 1.0% between April and...
NZD/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will...
The BoJ meeting will start tomorrow morning. This could be the most interesting meeting in recent times if the BoJ announces a change to its YCC policy and this could cause serious volatility in Japanese Yen pairs. After the BoJ meeting, the outlook for USD/JPY is likely to differ significantly ahead of the FOMC meeting. The Fed is expected to keep interest rates...
Only a few days after the European Central Bank completed its longest interest rate bull run in 25 years last week by maintaining the key policy rate at 4%, the euro slipped 0.1% to 1.0554 as data indicated that inflation in the euro zone was declining. Germany's most populated state, North Rhine Westphalia, saw a 3.1% year-over-year increase in consumer prices...
The US dollar has recently strengthened on signs of US economic strength, even after a long period of interest rate hikes by the Federal Reserve. US consumer spending soared in September, while the US economy grew at its fastest pace in nearly two years in the third quarter. Fed policymakers will meet this week, with the central bank expected to leave interest...
Even after the Federal Reserve raised interest rates for a considerable amount of time, the US dollar has recently appreciated due to indications of the country's robust economy. September saw a sharp increase in US consumer spending, and the third quarter saw the greatest growth of the US economy in almost two years. When the Fed announces its decision on...
With the yen weaker than it was last week when it reached a one-year high of 150.78, USD/JPY dropped 0.1% to 149.50. The focus will be on the BOJ meeting's conclusion on Tuesday, when it is anticipated that the central bank would make additional announcements regarding its policy to manage the yield curve. High rates of inflation and the sharp fall in the value...
With the Japanese Yen stable below 150, BOJ is the main focus. Monday saw a small increase in the value of the Japanese yen, which last week dropped to a one-year low and is now trading below 150. With high inflation and a badly weakened economy, the spotlight is firmly on the outcome of the BOJ meeting on Tuesday, when the central bank is expected to likely...
CHF/JPY Short • If price corrects and a tight flag forms, then I'll be looking to get short with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/USD Short • If price pushes up to and ideally...
The majority of Asian currencies saw minimal movement on Friday as markets declined ahead of several significant central bank meetings that take place the following week. The Japanese yen, on the other hand, modestly increased on robust inflation data but stayed unchanged. close to a yearly low. Despite holding onto the majority of this week's gains, the dollar...
Mr. Kazuo Ueda of the Bank of Japan is in a predicament. If he sticks to policy this week, there is a risk that the yen will fall to a 10-year low and the yield control program will come under attack from speculative markets. If the Governor simultaneously raises the upper limit of 10-year yield curve control, either explicitly or implicitly, the Governor could...
The dollar index and dollar index futures edged lower in Asian trading but remained firm overnight after data showed U.S. business activity unexpectedly increased in November. Ten. The statistics suggest continued resilience in the U.S. economy and give the Federal Reserve room to raise rates further. Federal Reserve Chairman Jerome Powell is expected to...
NZD/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will...