Market Update

The critical Bank of Japan policy decision that is broadly awaited by investors on Wednesday could lift the Yen as much as 5%, according to analysts and economists.The BoJ meeting poses further upside risks to the JPY. If the BoJ decides on further YCC adjustment, we estimate that the Yen …

Amid risk-off impulse, and speculations for the Bank of Japan quitting its policy stance, the USD/JPY is struggling. USD/JPY attempts to hold on its earlier gains as the US session begins, though it’s retracing after hitting daily highs of 129.16 before the Wall Street open. The US dollar is giving …

Oil prices rose to a two-week high on Tuesday after China reported weak economic growth data that beat expectations, supported by hopes that Beijing’s change in policy to combat COVID-19 will boost fuel demand. By 1224 GMT, Brent crude futures rose $1.14, or 1.4 percent, to $85.60 a barrel. West …

The British pound rose on Tuesday after data showed that wage growth in Britain, which the Bank of England watches closely to determine the pace of interest rate hikes, accelerated again. The yen held near its highest levels in seven months, with investors holding their breath in anticipation of a …

The pace of wage growth in Britain, which the Bank of England monitors closely to determine the pace of interest rate hikes, accelerated in the three months to November, official data showed on Tuesday. Wages excluding bonuses rose 6.4% year-on-year in the September-November period, the biggest increase since records began …

European stocks stabilized on Tuesday, after investor fears of an economic slowdown after China recorded its weakest annual growth rate in nearly 50 years outweighed gains in industrial stocks. And by 0815 GMT, the European Stoxx 600 index was stable, after reaching a nine-month high in the previous session. Asian …

Oil prices were mixed on Tuesday after China posted its weakest annual economic growth in nearly half a century, while a shift in its tough anti-COVID-19 policy in late 2022 raised hopes for a recovery in fuel demand in the world’s largest crude importer this year. Brent crude futures rose …

A significant amount of optimism seemed to weaken at the beginning of this quiet week, with US markets closed observing Martin Luther King holiday. The dollar managed to recover ahead of the daily close but ended the day with modest gains against most major rivals, and it is still at …

Bitcoin’s famous Fear and Greed Index moved into the neutral territory over the weekend following several months of persistent fear. On Tuesday, Bitcoin was trading up 2.2% on the day at $21,165m, before sliding to $21138.00, up by (+1.21%) at the time of writing versus the previous closing price of …

The NZD/USD pair is flat into the early close on Wall Street. Traders will look to the Q4 NZIER QSBO survey. The pair moved between a low of 0.6361 and a high of 0.6426, currently flat on the day hovering near its strongest levels in a month.The NZD benefitted in …