Rishi Sunak to become Britain’s new Prime Minister
Rishi Sunak will become Britain’s new Prime Minister, replacing Liz Truss, who lasted in that position only 44 days.
Sunak will be the country’s third Prime Minister in less than two months, taking the position in the most turbulent eras…
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China’s economy grew above expectations in Q3, but outlook remains clouded
China’s economic growth accelerated above expectations in the third quarter, expanding by 3.9% in the July-September period, after the economy grew by 0.4% in the second quarter and beating forecast for 3.4% expansion.
A stronger than…
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USDJPY regains traction after Friday’s intervention; eyes key barriers at 150.00/42
The USDJPY bounces strongly in early Monday and regains levels near 150 barrier, signaling that a positive impact from a massive intervention to support yen on Friday, was not lasting long.
The pair dipped from new 32-year high (151.94) to…
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The downside remains vulnerable after short-lived advance
Cable started trading on Monday with a gap-higher, but gains were so far short-lived and stalled under last week’s high at 1.1439.
Fresh optimism about a solution for deepening political crisis in Britain on expectations that Rishi Sunak…
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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,…
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Increase in risk-aversion indicators in the US stock markets due to the rapid growth of inflation
With the rapid inflation, risk-aversion indicators have increased in the US stock markets. Given that the FOMC's hawkish monetary policies are likely to tighten, the possibility of lower demand for equity markets has increased in the…
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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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