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USD/JPY gained 0.20% on the day, rising above 149.00. The US PPI from September accelerated, beating expectations. The trajectory of the pair is determined by the dovish stance of the Bank of Japan (BoJ). Later in the session, markets will monitor the Federal Open Market Committee (FOMC) minutes from the …

Fed Governor Christopher Waller noted on Wednesday that inflation data in the last three months has been “very good,” per Reuters. “If current trends continue, inflation will basically be back to the target,” Waller added.The US Dollar Index stays under modest bearish pressure following these comments and was last seen …

US Treasury Secretary Janet Yellen said on Wednesday that the ceiling imposed by the Group of Seven major industrialized countries on Russian oil prices led to a sharp decline in Russia’s revenues over the past 10 months. She added in statements prepared for a press conference on the sidelines of …

The Kremlin said on Wednesday that it is difficult to underestimate the importance of coordination between Russia, Saudi Arabia and other partners on global oil markets amid the escalation of the conflict between Israel and the Palestinian Islamic Resistance Movement (Hamas). Kremlin spokesman Dmitry Peskov added to reporters in a …

Japan’s Nikkei index closed at its highest level in two weeks on Wednesday, as shares of chip manufacturers led a rally on bets that the US Federal Reserve would pursue more accommodative monetary policies. The Nikkei index, which is dominated by technology companies, ended Wednesday 0.6 percent higher at 31,936.51 …

European markets experienced a notable upswing yesterday, reaching their highest levels in over a week. This occurred as financial markets adopted a more measured approach toward recent geopolitical events. Additionally, investors were contemplating the possibility of a stimulus plan in China and a subtle shift in tone from Fed policymakers …

Oil, Crude, trading

Oil, Crude, trading

Negative trading continued to dominate the movements of the Canadian dollar during the previous trading session within the bearish context expected in the last analysis, recording its lowest level at 1.3570. Technically, by looking at the 4-hour time frame chart, we find a negative intersection beginning to appear on the …

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