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Exiting the world’s last negative rates, could the Japanese Yen see a significant reversal? Fundamental Key Points: 1. The Bank of Japan may exit its negative interest rate policy established since February 2016 in the coming months. 2. Given Japan's avoidance of a recession, core inflation rate (excluding food and energy prices) has been continuously above 2%...

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The gold market has experienced significant volatility in recent weeks but ultimately broke through to new highs with a strong bullish stance. This market's trends are influenced by various factors, including US economic data, Federal Reserve policies, and global geopolitical situations. Gold Highlights: Gold prices were relatively stable earlier last week but...

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GBP/USD remains within the narrow range of 1.2600 -- 1.2825, and whether it can break through the 1.2750 level depends on interest rate decisions and forward guidance, while the policy decisions of the Federal Reserve and the Bank of England (BoE) will play a crucial role in whether this narrow range can be breached. The pound is currently one of the...

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Despite current data indicating a slowdown in the US economy, the US CPI (Consumer Price Index) has been lower than expected, both year-over-year and month-over-month: The US CPI for October increased by 3.2% year-over-year, against an expectation of 3.3%. Month-over-month, it remained unchanged at 0.0%, below the expected 0.1% rise, with the previous value at a...

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Due to the difficulties in the British retail industry and market speculation on the Federal Reserve, EIGHTCAP:GBPUSD is blocked near 1.2500. Over the past week, the pound has been hovering around 1.2400. However, it encountered resistance when it broke through the 1.2500 mark. Mainly because UK retail sales were disappointing, falling 0.3% month-on-month,...

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Due to growing concerns about demand and oversupply in 2024. For the first time in four months, oil futures prices moved into contango, but that was short-lived and the price curve returned to the more common backwardation, where spot prices are higher than future delivery prices Contango status is viewed as a negative indicator and is often seen as an early sign...

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Despite failing to extend recent gains, EIGHTCAP:EURUSD EUR/USD hit a new monthly high of 1.0895. EUR/USD broke above the September high of 1.0882 after the US consumer price index fell short of expectations, and as expectations for US interest rate hikes fade, the exchange rate may continue to retrace the August high (1.1065). If the Relative Strength Index...

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In order to achieve its 2% inflation target, at its meeting on November 1, 2023, the Monetary Policy Committee (MPC) of the Bank of England decided by a majority vote of 6-3 to keep the bank rate at 5.25%. Global economic growth remains sluggish, despite stronger-than-expected GDP growth in the United States. Inflationary pressures within developed economies...

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Government bond yields are about to reach the 1% upper limit, and the Bank of Japan may further adjust its YCC policy. Market attention is focused on the actions the Bank of Japan will take regarding the 1% yield cap. On Tuesday of this week, the Asian economic calendar was filled with various important data releases, with the policy meeting of the Bank of Japan...

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Since October 2022, the Japanese yen has depreciated by 0.3% against the US dollar, falling to 150.32, a level never seen before. At Wednesday's close, the exchange rate against the US dollar fell by 0.2% to 150.25. It is well known that 150 is an important level for Japanese authorities, and the Bank of Japan has repeatedly stated that it does not rule out any...

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Since the beginning of the Israel-Palestine conflict, the market has been closely monitoring the situation. Reports suggest that Israel has the financial capacity and GDP to sustain a prolonged conflict of up to eight weeks. Bob Savage, Head of Market Strategy and Insights at BNY Mellon, has warned that "what global markets have not fully priced in is the...

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The recent escalation of conflict between Israel and Palestine began on Saturday when the markets were closed. This may have somewhat mitigated the impact on trading, as the initial concerns about a broader conflict in the Middle East would undoubtedly affect the markets. The week started with a surge in the price of gold, rising by nearly 1% (an increase of $17...

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The US dollar rebound continues to reach new highs in 2023. Prices have consecutively broken through levels of 105.78, 106.00, and 106.5 since Monday, and the bullish trend appears to be accelerating. The 10-year Treasury bond yield has surged to a 16-year high The root of this move lies in the Federal Open Market Committee (FOMC) rate decision last week:...

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With the Fed's hawkish policy of keeping interest rates high. As a result, U.S. dollar yields continue to rise, attracting a large amount of capital inflows into the United States, and the U.S. dollar hits a new high in 2023. The U.S. dollar has been climbing since July this year, reaching its strongest level against major currencies. The rise in the dollar was...

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Based on two key economic indicators, wage growth and inflation, both have exhibited stubbornness, and the Bank of England is preparing to halt its planned rate hike scheduled for this Thursday. In fact, both wage growth and service sector inflation, the two critical indicators guiding the Bank of England's policy decisions, have exceeded market expectations from...

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Is the end of negative interest rates in Japan on the horizon, and will the yen experience a resurgence? Bank of Japan Governor Ueda has expressed hawkish comments on the negative interest rate policy, leading to an uptick in the yen against all top ten currencies. By year-end, the Bank of Japan may have sufficient information to determine whether wages will...

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Economic policies remain unchanged, Australian Reserve Bank hints at "interest rate hike." The Reserve Bank of Australia plans to keep interest rates unchanged at 4.1% in the final meeting under the presidency of Philip Lowe. This decision aligns with the growing indications that its tightening policy is slowing down inflation and limiting the damage to the...

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On Tuesday, the US dollar edged slightly higher against a basket of currencies, approaching a two-month high touched last week, rising by 0.2% to 103.57. The index was just below the two-month high of 103.68 reached last week, as worries about China's economy and expectations of sustained high US interest rates boosted the dollar. Overall market volatility is...