The Japanese Yen literally collapsed today to levels above 160 Yen to the dollar. The Bank of Japan had no choice but to intervene in the market. And the bank actually acts with a strong intervention towards the end of the Asian session. The yen had reached as high as 160.32 (USDJPY), after which strong intervention by the central bank lowered the rate to 155-157...
Good Eurozone data slightly supported the Euro, but more importantly...
Good data for Germany and later for the Eurozone moved the market during the morning European session.
The data helped the Euro take a 50-pips lead against the Dollar, but that lead later narrowed to around 25 pips. Investors tend to use data from the United States instead of the Eurozone, so...
Russia's problems are the main factor driving oil prices higher. The many attacks on key oil infrastructure are affecting the exports of the Russian Federation. Despite the sanctions, Russia remains the world's main exporter of oil, either directly or through intermediary countries.
On the other hand, the upcoming elections in the United States are the reason why...
In the last week, the inflation data influenced the significant growth of gold.
Along with gold, investors are turning their attention to cryptocurrencies and especially Bitcoin.
The last record in the price of gold is from December 4, 2023. Gold was then trading at $2,144.55. Gold added over $70 to its price today, making it the highest it has been this year....
The Japanese yen started to fall again against the dollar, this is the third peak above 150 Yen to the dollar and after the intervention of the Bank of Japan.
On Tuesday, USD/JPY traded at a high of 150.87.
Levels above USD/JPY 150 are a signal to traders that the Bank of Japan may intervene in the market and lower the rate by at least 300 pips. Therefore, trading...
