Market News

Increased Pressure to Sell GBP as UK Prime Minister Liz Truss Resigns

Yesterday, Liz Truss, sworn in as UK Prime Minister on 5 September 2022, announced after 45 days that she would remain in office until a new Conservative Party leader was elected, then resign. Initial and short-term GBP bids were strong, but then GBP selling pressure increased. The price is currently in a downtrend; the first possibility is that…
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High possibility of Japanese government intervening in FX market as the JPY value hits its lowest level since 1990

Despite the intervention of the Central Bank of Japan in the FX market last month to control the value of the Japanese yen, the price has returned to the bullish trend after a short-term correction and has now exceeded the previous peak and reached the major resistance range of $150, which is the lowest value of USDJPY since 1990. According to the…
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The BOJ and the BOE keep a close eye on the FX market moves

In USDJPY news: following the intervention of the Japanese government in controlling the value of the Japanese Yen, the FX market was without significant results and only led to limited corrective price movements; the price continued its bullish trend. As a result, it reached its highest level since August 1990, and the value of the Japanese Yen…
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Markets Are Moving! FOMC & BOE Meetings 21 & 22/09/2022

On September 22 and 23, the results of two important meetings of the FOMC and the BOE will be determined. According to recent economic data, including the US CPI, which shows a higher growth than expected by predictions, US interest rate expectations have increased, and the possibility of a 0.75% interest rate increase has been strengthened.…
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