Forex

ECB hikes first time in 3 years

The European Central Bank raised interest rates by 25 basis points today, marking its first rate increase since 2023....

USDJPY testing the danger zone

The higher the pair moves from here, the more traders may need to factor in the possibility of official action from Japan....

Can diplomatic optimism hold until U.S. markets reopen?

The next test comes when U.S. markets reopen after the Memorial Day closure. Monday’s move showed that investors are willing to buy European equities when energy risks ease....

Why this RBNZ decision may not be routine?

The Reserve Bank of New Zealand faces a difficult policy decision this week. The OCR currently sits at 2.25%, and markets broadly expect the central bank to leave rates unchanged. However......

Bank of America flips yen call

Bank of America Securities has revised its outlook on the Japanese yen, moving from a bearish to a neutral stance and lowering its 2026-end USDJPY forecast to 152 from 157....

Barclays signals potential dollar rally

Barclays suggests that conditions are aligning for the US dollar to rally. The bank notes that strong performances in risky assets have so far limited the dollar's rise, but that may change this week....

The Pound Has a Problem: Labour’s Leadership Drama

Wes Streeting is reportedly preparing to launch a leadership challenge against Keir Starmer. Downing Street has insisted that Starmer would fight any challenge and plow ahead with the government’s programme that includes 30 new bills....

JPY pairs flash larger wicks with intervention risk

There is speculation that Tokyo intervened in the currency market on Wednesday. If true, this would be the second time in recent days....

Is the Chinese Yuan undervalued against the New Zealand dollar?

The NZDCNH trading below these moving averages may draw interest from buyers, particularly on dips below 4.00. That said, a more measured approach may be to wait for a move above the 100 SMA, which could help establish a clearer...
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