Forex

Tokyo Inflation to trigger yen Intervention? But at what price?

Recent remarks made by Masato Kanda, Japan's vice-finance minister for international affairs, have led to heightened cautiousness regarding potential actions by authorities to support the yen through intervention. The USD/JPY has comfortably surpassed the 150.000 threshold, which historically has prompting...

This week’s 4 major trading events

In the United States, traders are awaiting insights from Federal Reserve policymakers, particularly Chief Jerome Powell, scheduled to speak on Friday. Fed members Bostic and Cook will also appear on Monday. Economic data in Europe will be limited this week...

Fed keeps rates steady, Banxico up next

The US Federal Reserve has kept interest rates steady at 5.25%-5.50% while continuing its balance sheet reduction as planned since May 2023. In contrast, the Bank of Mexico (Banxico) might announce a rate cut tomorrow....

Gold: pressure building ahead of Fed rate decision

Gold volatility is slowing, and tension building as the Fed announcement gets closer. Despite the historic announcement from the Bank of Japan's to end its negative interest rates policy and the Reserve Bank of Australia maintaining steady rates, gold has...

Market Surprise? June Rate Cut Might Be Delayed

After today’s BOJ and RBA interest rate decisions, eyes will turn to the Fed’s decision on Wednesday. Although the US central bank is expected to keep rates unchanged, it could change its outlook due to the upside surprise in the...

BOJ to deliver 1st hike in 17 years tomorrow?

There is possibly no bigger trading event this week than the Bank of Japan’s decision on Monday. The groundwork for abandoning negative interest rates has been subtly laid since last year, and now, this could very well be the month...

Currency most likely to rebound against USD next week?

Next week's Federal Reserve interest rate decision possibly just got a lot more interesting. Last night we got PPI data. In February, the producer price index, a key gauge of wholesale inflation, surged by 0.6%, surpassing expectations by more than...

AUD/JPY Opportunity? BOJ and RBA announce decisions together

Is the AUD/JPY the trade to make at the beginning of the coming week? Both the BoJ and the RBA are delivering their latest interest rate decisions on Monday morning, 30 minutes from each other. The Bank of Japan is...

Gold to set record high after CPI tomorrow?

Gold inched higher on Monday, hovering near its all-time high after a remarkable rally last week. Now traders brace for U.S. inflation data that could offer insights into the Federal Reserve's stance on interest rates, and the direction for gold....
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