USDJPY 108.40 In Focus
The US dollar is starting to slide against the Japanese yen currency after the Bank of Japan meeting revealed that the central bank carved out more flexibility for fighting inflation. A key technical battle is now underway as bulls need...
EUR/USD Tests SMAS
Despite piercing the support of the 1.1910/1.1915 zone, the rate did not decline, as it found support in the 1.1900 level. During the morning hours of Friday’s European trading, the rate was testing the resistance of the three hourly simple...
Will The Asian Bull Flattening Roll Over Into European And US Dealings?
Markets Core bonds got hammered yesterday. USTs significantly underperformed the German Bund, reversing much of (short-term yields) or more than (medium- to long-term) the losses in the wake of the Fed policy meeting Wednesday. The yield surge happened even as...
Yields Rise, Stocks and Oil Plunge, Yen Shrugs BoJ
Renewed surge in US treasury yields overnight sent stocks lower. Risk-off sentiments continued in Asian session general. Australian Dollar is currently the worst performing one for the day, weighed down further by weak retail sales data. Canadian Dollar is following...
Market Morning Briefing: Dollar-Yen Has Not Been Able To Rise Above 109.40
STOCKS The rise after the US Fed meeting has not sustained. The global equities have failed to get a strong follow-through buying thereafter. This keeps our broader cautious view of seeing a sharp correction in the equities with limited upside...
First U.S.-China meeting under Biden gets off to a rocky start
U.S. Secretary of State Antony Blinken (2nd R), joined by national security advisor Jake Sullivan (R), speaks while facing Yang Jiechi (2nd L), director of the Central Foreign Affairs Commission Office, and Wang Yi (L), China’s foreign minister at the...
EURUSD Plunges after Cap Around 1.2000; Bearish Prressures Grow
EURUSD has nosedived below the Ichimoku cloud’s lower band at 1.1932 and is flirting now with the 50-period simple moving average (SMA) around 1.1921. The 100-period SMA, which recently curbed positive price action around 1.1990, is falling with the 200-period...
BOE Voted Unanimously to Keep Bank Rate and QE Unchanged. Warned of Uncertain Outlook Despite Upbeat Data
The BOE voted 9-0 to leave the Bank rate unchanged at 0.1%. It will also continue to buy up to 875B pound of UK government bonds and 20B pound of corporate debts. While cautioning that the economic outlook remained highly...
BOE Voted Unanimously to Keep Bank Rate and QE Unchanged. Warned of Uncertain Outlook Despite Upbeat Data
The BOE voted 9-0 to leave the Bank rate unchanged at 0.1%. It will also continue to buy up to 875B pound of UK government bonds and 20B pound of corporate debts. While cautioning that the economic outlook remained highly...
BOE Hedges Comments from January’s Meeting: GBP/USD
The BOE left rates unchanged at 0.10% and left their bond buying program unchanged at 875 billion Pounds. In addition, the central bank noted that they will not tighten until they see significant progress is being made in eliminating spare...
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