Economic News Category

Japanese Yen Steady Ahead of CPI The Japanese yen has edged higher on Thursday. In the European session, USD/JPY is trading at 132.09, down 0.27%. The dust has settled after Tuesday’s dramatic events, when the yen shot up 3.7%. This followed the Bank of Japan’s shocking announcement that it would widen its yield curve control

Canada:- Inflation Tiptoes in the Right Direction in November Consumer price inflation took a small step down in November, to 6.8% YoY, after holding steady at 6.9% through September and October. Canadians got some relief at the pumps in November, with prices down 3.6% m/m, after prices surged 9.2% in October. However, gasoline prices are

RBA Board Considered Stop in December The Reserve Bank Board considered three options in its deliberations at the December Board meeting. The options were: 50 basis point increase in the cash rate; 25 basis point increase; or no increase. This contrasts with recent meetings when only the 50 basis point and 25 basis point options

Bank Of Japan Could keep same Policy The Bank of Japan kept the same outlier as compared to the other major central banks which have been raising interest rates at a fast pace throughout this year in a synchronized attempt to bring the inflation down. This resulted in a down yen and fording Japanese authorities

USD/CHF Could Extend Losses USD/CHF declined below the 0.9400 and 0.9350 support levels. A major bearish trend line is forming with resistance near 0.9320 on the 4-hours chart. The Fed increased interest rate by 0.50 percentage point. The BoE interest rate decision is scheduled today. The USD started a fresh decline from well above the