USD/JPY:- Christmas Week Recovery Rally May Soon Stall Out
USD/JPY:- Christmas Week Recovery Rally May Soon Stall Out Beginning of last week, forex traders were expecting to ease into the holidays with relatively low volatility trade until BOJ Governor Kuroda fired off big of a monetary policy decision, tweaking the central bank’s yield curve control program and effectively raising interest rates by 25bps. This […]
RBA Board Considered Stop in December
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 […]
The RBNZ Hiked by 50bp – But a 75bp Hike was Considered
The RBNZ Hiked by 50bp – But a 75bp Hike was Considered The RBNZ increased for an eight consecutive meeting to take interest rates to 3.5%. Highlights from the meeting:- Inflation is currently too high and employment is beyond its maximum sustainable level. A lower New Zealand dollar, if sustained, poses further upside risk to […]
Upcoming Market Updates: AUD, NZD, EUR, GBP, USD, JPY
Upcoming Market Updates: AUD, NZD, EUR, GBP, USD, JPY AUD: AIG Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. NZD: Building Consents m/m, it measures change in the number of new building approvals issued. JPY: Final Manufacturing PMI, it measures level of a diffusion index based on surveyed purchasing managers […]
Factory growth in the Euro zone slowed in March, Indicating downturn possibility
Factory growth in the Euro zone slowed in March, Indicating downturn possibility According to a study, manufacturing growth in the Eurozone slowed considerably last month as Russia’s invasion of Ukraine tightened supply chain bottlenecks, reduced demand, and shook confidence, while increasing energy costs prompted a broader price rise. The invasion’s uncertainty, combined with a […]
UK house price growth is at a 17-year high
UK house price growth is at a 17-year high According to the mortgage lender, annual rise in house prices reached 14.3 percent in February, the fastest rate since November 2004. The cost of a typical UK home has hit a new record high of £265,312, up £33,000 in the last year, according to the report. […]
As the Ukraine war and inflation troubles combine stable yields, the XAU/USD is bracing for a $2,000 price
As the Ukraine war and inflation troubles combine stable yields, the XAU/USD is bracing for a $2,000 price For the third day in a row, gold (XAU/USD) has been in the lead, with bids at $1,963 at press time in Friday’s Asian session. The previous day, amid rising anxiety over the Ukraine-Russia confrontation, the yellow […]
Strategies to Trade Profitably During the Economic Crisis!
Strategies to Trade Profitably During the Economic Crisis! Coronavirus and the worldwide monetary emergency that has developed for the current year have made critical difficulties for organizations and merchants in each country. Moreover, a large number of organizations have had their business, benefits, finance, and obligation the board influenced harshly. Cross country lockdowns, deficiencies of […]
Share Market In Asia’s Going Worst and Just Got Another Jolt
Share Market in Asia’s Going Worst and Just Got another Jolt There are some of the bad worst news for the Philippine stocks that seem bad in Asia this year. If we have the look at the overseas investors it will be dumped back to the net $138 million of the local share last […]