Nicola
He liked
BoJ’s Ueda: Monetary policy does seek not to control forex rates
Bank of Japan (BoJ) Governor Kazuo Ueda spoke in the Japanese parliament on Tuesday. Ueda warned of the potential need for policy response due to foreign exchange impacts and he will closely monitor recent currency fluctuations. Key quotes “Monetary policy is aimed at impacting inflation, not the ye
He liked
USD/JPY extends recovery above 154.50 amid firmer US Dollar
USD/JPY gains traction near 154.75 in Wednesday’s early Asian session. Fed’s Kashkari noted the Fed might stand put on rates and open the door for hiking if inflation doesn’t ease. BoJ Governor said he will closely monitor the JPY's weakness and will consider taking more steps if the currency contin
He liked
He liked
Euro edges higher as eurozone data improves
The euro has started the new trading week quietly. EUR/USD is up 0.23%, trading at 1.0787 in the North American session at the time of trading. Eurozone investor confidence shows slight improvement The eurozone Sentix Investor Confidence index took a small step forward in May, rising to -3.6, up fro
He liked
He liked
He liked
Canadian Dollar finds room on the top end as markets recover on Thursday
Markets recovering from Wednesday’s Fed showing. Canada data prints low-tier on Thursday, but BoC’s Macklem makes second appearance. US NFP Friday looms ahead, economic calendar moderate until then. The Canadian Dollar (CAD) is recovering ground alongside broader market risk appetite on Thursday aft
He liked
USD/CHF makes a temporary reversal after Swiss inflations jumps
Swiss CPI figures released earlier today came out above expectations, at 1.4%, leading to a reversal of some recent losses for the Swiss franc against other currencies. Observing the USD/CHF pair, we notice a significant intraday drop that appears to be an impulsive move down from a new high. Ideall
He liked
He liked
Indonesia Bourse May Give Up Support At 7,200 Points
Ahead of Wednesday's Labor Day holiday, the Indonesia stock market had moved higher in two straight sessions, collecting almost 200 points or 2.9 percent along the way. The Jakarta Composite Index now sits just above the 7,230-point plateau although it may head south on Thursday. The global forecast
He liked
USD/CHF aims for firm footing above 0.9200 on upbeat US ADP Employment data
USD/CHF strives for a firm footing above 0.9200 amid a firm US Dollar. Market participants keenly await the Fed’s policy for fresh interest rate guidance. Swiss Real Retail Sales is estimated to have grown by 0.2% in March. The USD/CHF pair aspires to shift comfortably above the round-level support
He liked
EUR/JPY Elliott Wave analysis: How to ride the bullish wave
EUR/JPY Elliott Wave analysis – 25th April weekly chart update Above is the weekly chart we shared with members on 04.25.2024, illustrating a long-term bullish sequence on EURJPY. The chart depicts a super cycle degree impulse wave pattern that initiated in June 2016, following the conclusion of the
He liked
Pull-up Update