The EUR/JPY pair managed to bounce off the day’s lows at 139.03 and hit a daily high of 141.19 before losing momentum. The pair has reclaimed and achieved a daily close above the 200-day EMA keeps bulls hopeful of higher prices.Ahead of the weekend, the Japanese Yen weakened following the …

According to the International Energy Agency, lifting COVID-19 restrictions in China is expected to increase global oil demand to a record high this year.WTI crude oil futures edged higher on Friday, putting the market in a position to post a second straight weekly gain. The catalysts triggering this price action …

The market’s risk-on impulse favoured risk sensitive currencies including the NZD, CAD, NOK, SEK and of course the Australian Dollar. The US housing market continues to deteriorate, as shown by declining Existing Home Sales.Fed’s policymakers favour a deceleration of rate hikes, though the higher-for-longer stance remains unchanged. The AUD/USD pair …

US indexes surged on Friday after Netflix kicked off the earnings season for growth stocks with positive move, while Google parent Alphabet gained on news of job cuts.Shares of Netflix jumped 6.8% as the company added more subscribers than expected in the Q4 and said co-founder Reed Hastings was stepping …

The CAD/USD pair is trading at 1.3412 at the time of writing versus the previous closing at 1.3463, down by -0.40%. Next Wednesday, the BoC will hold its monetary policy meeting. Analysts expect a 25-basis points rate hike in line with market consensus. They point out the Canadian dollar may …

Ericsson AB reported Q4 earnings on Friday. The Swedish company reported net profit attributable to shareholders of 6.07 billion Swedish kronor ($588.2 million) compared with SEK10.08 billion a year earlier. Analysts polled by FactSet expected net profit of SEK7.05 billion.Sales rose 21% to SEK86.0 billion versus the SEK84.78 billion expected …

The British pound fell on Friday after weak retail sales data reminded investors about the gloomy outlook for the British economy.Sterling was down 0.26% against the dollar at $1.236. That was below a $1.244 peak touched on Thursday, which was itself not far off the highest level since October 2022. …

The US Dollar exhibited negative performance on Thursday, as the gloomy mood that ruled financial markets eased later on the day, but most European and US indexes closed in the red territory.Hawkish comments from ECB and US Fed’s policymakers suggested central banks are far from done with their quantitative tightening …

The Canadian dollar strengthened against American currency on Thursday. The CAD was able to recover from a nearly two-week low, but the move was limited as global equity markets lost ground and domestic data showed wholesale trade in November rose less than expected.Canadian wholesale trade increased by 0.5% in November …

New Zealand Prime Minister Jacinda Ardern announced her term would end by February 7. She does not have “the energy” necessary for reelection for office on October 14. A new leader will be voted in a few days. The announcement had little impact on the NZD.The NZD/USD pair is trading …