High possibility of Japanese government intervening in FX market as the JPY value hits its lowest…
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…
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The UK’s YoY CPI was announced today, reaching another 40-year high for the second time in…
The UK's YoY CPI was announced today, reaching its highest level in forty years for the second time this year at 10.1 percent. The first peak was in July 2022. The GBPUSD price has also reacted bearishly in the short-term, breaking below…
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Expectations facing the stock markets after the 10-year US bond yield increased to the highest level…
The US 10-year bond yield has reached its highest level in the last 14 years, and due to the expectations of an interest rate increase at the FOMC meeting in November, the first possibility will be to continue its upward trend in 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…
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US Stock markets in corrective upward trend, despite expectations for a 0.75 to 1 percent increase…
Two weeks left until the FOMC meeting and the possible increase of 0.75 to 1 percent of the interest rate, the US stock markets are fluctuating in an uptrend. Meanwhile, CPI data has supported interest rate hikes to control inflation, which…
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Friday’s bearish engulfing weighs on near-term action
WTI oil remains under pressure at the beginning of the week, following Friday’s 4% drop (the biggest one-day loss since Sep 23) and continuing to pressure pivotal support at $84.92 (daily Kijun-sen / 50% retracement of $76.25/$93.60 rally).…
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Near-term action looks for clearer direction signals
The Euro is standing at the front foot in early European trading on Monday, following a large swings on Thu/Fri.
The action was repeatedly capped by falling 10DMA which reinforces a Fibo barrier at 0.9772 (38.2% of 0.9999/0.9631 bear-leg),…
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Japanese authorities may intervene as USDJPY rose to 32-year high
The USDJPY is consolidating under new 32-year high (148.85), following strong bullish acceleration last Friday, which broke and closed above key barrier at 147.68 (1998 peak).
The pair advanced 2.3% last week (the biggest weekly rally…
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Dollar takes a breather but remains robust as Fed stays on aggressive path
The dollar index edged higher in European trading on Friday, regaining traction after Thursday’s 0.7% drop.
Unexpected drop was sparked by revived risk appetite, despite the latest report showed US inflation rose above expectations in…
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US inflation rises above expectations in September
Inflation in the United States remained red-hot and rose above expectations in September, fueling expectations for another Fed’s big rate hike.
Monthly consumer price index rose by 0.4% in September from 0.1% previous month, doubling…
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