USDJPY gains traction as BOJ sticks to ultra-loose monetary policy
The jumped vs yen on Friday after BoJ left its ultra-loose monetary policy unchanged, retracing 38.2% of post-intervention pullback from 32-year high at 151.94, which found footstep at 145.10 on Thursday.
Doji morning star reversal pattern…
Read More...
Read More...
Cable eases after falling daily cloud capped rally
Cable is holding in red in early Friday trading, following a double rejection under the base of falling daily cloud.
Thursday’s bearish close and fresh extension lower warn that recent bulls, inspired by political news after Rishi Sunak…
Read More...
Read More...
Euro eases on overbought condition but bias to remain bullish above parity
The Euro pulls back from new six-week high, as traders collected profits from a steep six-day rally, after the action was repeatedly capped by falling 100DMA and daily cloud top, while overbought daily studies contributed to the decision.…
Read More...
Read More...
US economic growth gains speed in Q3, sidelines recession fears
US economic growth accelerated in the third quarter, cooling concerns that the economy was sliding into recession, following two straight quarterly contractions.
The US GDP rebounded by 2.6% in the third quarter, following a 0.6% drop in…
Read More...
Read More...
ECB likely to raise interest rate by 75 basis points and start talks about winding down huge debt
The European Central Bank will likely raise interest rate by 0.75% in its policy meeting today, to remain on aggressive track in tightening monetary policy to fight historically high inflation.
The ECB is going to double the deposit rate…
Read More...
Read More...
German consumer sentiment rises slightly but optimism is so far very limited
German Gfk Institute consumer sentiment index rose to -41.9 into November from -42.8 in October and in line with expectations.
The data spark optimism that German consumer morale would slightly recover in November after holding at record…
Read More...
Read More...
Dollar pressures key support, but Fed’s decision is likely to determine near-term direction
The dollar stays in red for the fifth consecutive day and cracks psychological 110 support on Tuesday, as sentiment weakens on speculations that the Fed may slow the pace of its interest rate hike.
Weakened daily studies add to downside…
Read More...
Read More...
Bullish signals build as Euro rises above parity
The Euro rose above parity on Tuesday, in extension of a steep upleg from 0.9631 trough (Oct 13), trading at these levels for the first time since Sep 21.
Talks that Fed may pause continue to deflate dollar in past few sessions, despite no…
Read More...
Read More...
Australian inflation hits the highest in over three decades in Q3
Inflation in Australia soared to 7.3% y/y in the third quarter, the highest since 1990, rising from 6.1% in Q2 and above 7.0% forecast.
The quarterly figure shows that inflation remained unchanged at 1.8% in Q3 but topped the forecast…
Read More...
Read More...
Bulls keep traction and eye parity
The Euro remains at the front foot on Tuesday and rises to the highest since Oct 6, as better than expected German Ifo data added to positive near-term sentiment.
Bulls hold for the fourth straight day, with long lower shadows on daily…
Read More...
Read More...