According to the Nikkei Shimbun, which correctly warned just before the Bank of Japan's last YCC adjustment, after several YCC adjustments, the Bank of Japan realized that it was once again in a trap, and the Japanese government "may take 10 years" It seems that further adjustment is required. It's now possible. ``Bond yields are expected to exceed 1%'' at...
The Bank of England predicted this week that the UK economy is likely to weaken in the months leading up to the next general election, raising concerns about Chancellor Rishi Sunak's government. The central bank's Monetary Policy Committee will cut its gross domestic product estimates for the second half of this year and early 2024 after surveys and official...
The British pound initially attempted to recover during the week, but gave up gains near the crucial 1.2350 level. At this point, GBP is likely to remain under downward pressure and could fall to the 1.1850 level. Looking ahead, we believe the 1.2350 level will be an important resistance barrier, and if we manage to break below the 1.20 level, it will actually...
#EURUSD 1d+1h context confirmation - long. will try to work with long possitions from asia low
Many indicators suggest that supply and demand in the economy are now nearing equilibrium. ” Inflation is expected to return to the 2% target by the end of 2025, slightly behind July's mid-2025 forecast, "but energy prices and ongoing core inflation will The trajectory will rise even higher,” the central bank said. Inflation is expected to fall to around...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity NZDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Yeah, I know it looks messy zoomed out and taking in all the pointers and cues given etc. However, let me just take a moment to enjoy that I gave you these crazy targets everyone's acting so SHOCKED by literally DRAWN out with full detail and characters lol. months ago Now let's see if we can bust through this idea and or it just keeps playing out as i said and...
According to the daily chart performance below, the price of the GBP/USD (GBP/USD) currency pair is still on a broad downtrend, and as mentioned above, stability around and below the 1.2150 support is likely to be stronger. It's possible. The bears aim to provide 1.2000 psychological support as soon as possible. Trading is quiet today due to the lack of...
A majority of the 315 respondents said that the Bank of Japan will end its unprecedented policy of keeping interest rates below zero in the first half of 2024. The move marks the end of a bold experiment Japan began in 2016. The experiment has recently put Japan at odds with other major central banks, which have aggressively tightened monetary policy to fight...
The USD/JPY currency pair hit its highest weekly closing price in more than 20 years. However, he was unable to close his trade above the big round . This number is clearly a major stumbling block and is being defended, as seen by the decline in volatility as price approaches this number. This may be an important point. A breakout to the upside is more likely...
The pound exchange rate experienced considerable turmoil last week following the release of weak statistics. The latest blow was Friday's lower-than-expected retail sales and the result of a by-election. I'm not sure if UK politics is playing a big role at the moment so I won't delve into that right now, but last week's retail sales figures spoke for themselves,...
Overall inflation has declined, but some factors appear to be persisting. The latest figures from the Office for National Statistics show that inflation across the UK is falling. The consumer price index in September was 6.7% and has been stable since August. The largest monthly change was due to lower food and beverage prices, with gasoline and diesel...
Since August, the market has not priced in a full rally into the November-December session. At the end of August, the probability of an increase in November was 70% (currently down to 10%). of The probability of a rate hike in December has fluctuated between 30% and 55% since the end of August. Yes, WIRP has shifted further outside the curve (allowing for fewer...
International Monetary Fund (IMF) officials said that the yen's depreciation could further worsen as a result of the negative interest rate policy. “As for the yen, we believe exchange rates are influenced by fundamental factors. As long as interest rate differentials persist, the yen will be under downward pressure,” said Sanjaya Panth, IMF deputy director for...
The next phase of the Digital Euro project, the preparatory phase, will begin on November 1, 2023 and initially last for two years. This includes defining the rules for a digital euro and selecting providers that can develop the infrastructure and platform for a digital euro. This also includes testing and experimentation to develop a digital euro that meets both...
It’s been an abnormal week for the US Dollar so far. While the bullish trend took over for much of the past three months, the current weekly bar is showing as an inside bar with the entirety of this week’s range contained inside of the prior week. This isn’t necessarily abnormal, but it does speak to the overbought nature of the move as we came into the month of...
After increasing 1.9% month-on-month in August, the IPPI rose 0.4% month-on-month in September. Energy and petroleum product prices rose 3.7% month-on-month in September, leading to an increase in the IPPI. Price movements for refined products were mixed. Diesel prices rose by 7.0% and gasoline prices fell by 2.3%. Crude oil, the raw material for these products,...