Global inflation-linked concerns, lest it should return to the previous highs, continue to reveal themselves in the context of the precautionary rhetoric adopted by major central banks worldwide. In practice, monetary policymakers have announced, through formal decisions, their intention to keep interest rates “higher for longer”, an important tool, until …
Read More »Market Drivers – US Session, March 19
The US Dollar continued its recent strength, pushing the USD Index (DXY) above 104.00 earlier on Tuesday, though the gain was short-lived and it was last seen at 103.871. All eyes are now focusing on the Federal Reserve’s interest rate decision later Wednesday, along with their economic projections and Chair …
Read More »Japanese Shares Surge as Bank of Japan Ends Negative Interest Rates
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 …
Read More »Anticipation Peaks Ahead of BoJ’s March Meeting: A Potential Policy Shift Looms
As the world watches, all eyes are on the Bank of Japan (BoJ) ahead of its March meeting scheduled for tomorrow, Tuesday. Market sentiment is rife with growing expectations that the BoJ might herald the end of negative interest rates, marking a significant departure from the prolonged era of quantitative …
Read More »Japanese Yen Weakens Amid Speculation on Central Bank Policy Shift
On Monday, the Japanese yen declined against a basket of global currencies in the Asian market, extending its losses against the US dollar for the fifth consecutive day. This downturn marked the yen’s lowest level in two weeks, coinciding with the commencement of the highly anticipated monetary policy meeting of …
Read More »Weekly Recap: Markets bracketed by Powell’s interview, revised US inflation
Due to the parity of factors that affected the trading environment over the preceding period, the price movement of practically all traded assets closed last week’s trading on the global financial markets with a moderate change.These factors started with investors’ focus on the statements and comments by Federal Reserve Chair, …
Read More »Market Drivers – US Session, February 8
Amid persistent rumours on a Fed interest rate cut in May, growing geopolitical concerns, and some comments implying that the ECB is not in a haste to start reducing rates, shifting trends in risk appetite ruled the mood across traded assets.In the midst of further repricing of an interest rate …
Read More »USD/JPY closer to weekly highs amid Powell’s hawkish comments, US data
The USD/JPY pair is slightly down close to week’s high, following Powell’s hawkish comments.Powell’s caution on early rate cuts contrasts with strong US job growth in January.Rising US Treasury yields and solid ISM PMIs highlight a robust US economic outlook, supporting the Dollar.Despite BoJ’s negative rate policy hints, Japan’s data …
Read More »USD/JPY surges to fresh highs post solid US jobs data
The USD/JPY pair is climbing over 0.90% to 148.05 after a strong US jobs report and higher Treasury yields. January’s 353K job additions lessen Fed rate cut forecasts, indicating a tighter labour market.The US 10-year Treasury yield and Dollar Index signal robust confidence in the US economy. The pair is …
Read More »Gold Poised for Best Weekly Gains in Nine Weeks as Economic Indicators Drive Market Sentiment
Analysis of Gold’s Performance Amid Dollar Decline and US Economic Data As the week unfolds, gold prices are on track to secure their most substantial weekly gains in nine weeks, buoyed by a combination of factors ranging from a weakening dollar to declining US Treasury bond yields. Investors, closely watching …
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