Daily Economic Reports

The yen dipped close to a four-month low against the US dollar and a 16-year low against the euro on Wednesday, driven by expectations of sustained accommodative monetary policy in Japan despite the Bank of Japan’s recent policy shift. On Wednesday, the yen touched its lowest level in four months …

The Fed meeting will be closely watched for any signals of a shift in its monetary policy stance. A dovish hold with a timeline for QT could calm markets, while a hawkish tilt due to inflation concerns could lead to volatility.The Federal Reserve’s interest rate decision on Wednesday, March 20, …

The Swiss National Bank (SNB) is anticipated to maintain its current interest rate stance until at least June, aligning with its counterparts such as the European Central Bank and the US Federal Reserve. The SNB may opt to observe its peers’ actions regarding the cessation of monetary tightening before making …

Japanese equities soared on Tuesday, propelled by the Bank of Japan’s widely anticipated decision to terminate eight years of negative interest rates. This landmark move marked Japan’s first policy tightening since 2007, signaling a significant departure from its prolonged era of ultra-easy monetary policy. BOJ’s Paradigm Shift: From Ultra-Easy Policy …

The Reserve Bank of Australia (RBA) is set to announce its interest rate decision on Tuesday, March 19th, 2024, at 2:30 PM Sydney time. This decision will be closely watched by businesses, borrowers, and investors for its impact on the Australian economy.Market Expectation: Holding ScenarioFinancial markets overwhelmingly anticipate the RBA …

The dollar is seeing gains ahead of FOMC decision. The DXY Index is 0.16% up on the day, trading at 103.612 at the time of writing. As for the broader context for this performance, FOMC decision will attempt to maintain balancing between inflation and growth.Despite recent gains, the DXY remains …

The Canadian Dollar began the new trading week cautiously on Monday, as investors are preparing for a whirlwind of policy decisions by central banks around the world, which could significantly impact the Loonie’s price action. The Loonie is 0.04% up on the day, trading at 1.354 at the time of …

On Monday, the dollar steadied as traders braced for a week dominated by central bank meetings across the globe, with particular focus on policy developments in Japan and the United States. Bank of Japan’s Policy Shift Attention is squarely on the Bank of Japan, with indications suggesting a potential end …

This week’s statements by Treasury Secretary Janet Yellen hold immense importance due to their impact on the US economy, financial markets, and public perception. Let’s dissect the context and delve deeper into why her words matter:Headline Inflation TrendsIn February, headline inflation fell to 3.2 percent year-over-year, a substantial improvement from …

Bitcoin’s price has been surging recently, and with the upcoming “halving” event in April, there’s a lot of expectations about what it might mean for the future price of the most famous crypto asset. But what exactly is this halving, and how will it influence Bitcoin’s value? Scarcity Principle: Fewer …