Bank of England cuts interest rates by 25 basis points to 5%
The Bank of England cut interest rates by 25 basis points to 5% on Thursday, in line with forecasts, after British consumer price inflation returned to the BoE's 2% target in May and stayed there in June, down from a multi-decade high of…
Read More...
Read More...
USDJPY falls below 150 mark on dovish Fed
USDJPY remains firmly in red and extends steep fall through psychological 150 support, hitting the lowest since mid-March in early Thursday’s trading.
The dollar was deflated by dovish Fed, as the central bank kept interest rates…
Read More...
Read More...
GBPJPY accelerates lower after BoJ rate hike
GBPJPY extends steep downtrend by dropping 1.7% on Wednesday and on track for the biggest daily drop since 12 July 2023, after BOJ rate hike further boosted yen, while sterling remains deflated by growing expectations that BoE would deliver…
Read More...
Read More...
EURUSD rises on EU CPI and US labor data, bear-trap forming on daily chart
EURUSD bounced on Wednesday after a triple rejection at 1.0800 support zone (50% retracement of 1.0666/1.0948 rally / daily Kijun-sen) signals formation of a bear-trap.
Fresh gains were sparked by higher than expected EU inflation…
Read More...
Read More...
Eurozone inflation ticks up in July, but ECB likely to remain on policy easing path
Euro zone inflation unexpectedly rose in July, ticking up to 2.6% from 2.5% in June and beating forecast for unchanged rate.
So called core CPI, ECB’s key measure of underlying growth in prices and excludes the most volatile components,…
Read More...
Read More...
USDJPY cracks key 150 support zone on fresh post-BOJ acceleration lower
USDJPY accelerated lower in early European trading on Wednesday, following a mixed immediate reaction on BoJ’s decision to raise interest rate from 0.10% to 0.25% and unveil plan to halve bond buying.
The decision was positive for yen…
Read More...
Read More...
Bank of Japan surprises markets by raising interest rate
The Bank of Japan's unexpected decision to raise interest rates and unveil a plan to slow its massive bond-buying program marks a significant shift in its monetary policy stance. This move has several immediate and longer-term economic and…
Read More...
Read More...
Dollar index jumps on solid US data
The dollar index rose to three-week high on Tuesday, following stronger than expected US JOLTS data and consumer confidence.
Solid numbers add to view that the US economy remains resilient and offered fresh support to dollar.
Bulls…
Read More...
Read More...
AUDUSD holds in extended consolidation above strong supports
AUDUSD remains in extended consolidation around the base of thick daily cloud (0.6538), and above pivotal Fibo support at 0.6528 (61.8% of 0.6362/0.6798), following a steep fall in past nine days.
Bears are taking a breather on stretched…
Read More...
Read More...
EURUSD corrects Monday’s drop, looks for fresh direction signal
EURUSD edges higher on Tuesday morning after strong fall on Monday was contained by solid support at 1.0807 (daily Kijun-sen / 50% retracement of 1.0666/1.0948 rally) and also failed to register a daily close below cracked converged…
Read More...
Read More...