Japan’s Stocks Fluctuate, Yen Nears 150 Following BOJ’s Predicted Policy Shift
Japan’s Stocks Fluctuate, Yen Nears 150 Following BOJ’s Predicted Policy Shift On Tuesday the Japanese stock market experienced notable fluctuations, while the national currency, the yen, weakened to a level close to 150 per dollar. This market activity followed the Bank of Japan’s landmark decision to conclude its eight-year practice of negative interest rates, marking […]
China’s February New Bank Loans Decrease Beyond Expectations, Hitting Record Low Lending Growth
China’s February New Bank Loans Decrease Beyond Expectations, Hitting Record Low Lending Growth In China, new bank lending in February experienced a sharper decline than anticipated from a record high in January, as the central bank continues efforts to stimulate the country’s sluggish economic growth and counter deflationary trends. According to Reuters’ calculations based on […]
Rightmove Reports Largest Increase in Property Listing Prices in 10 Months for March
Rightmove Reports Largest Increase in Property Listing Prices in 10 Months for March In March, average property asking prices in the UK experienced a 1.5% increase, reaching £368,118, as reported by Rightmove. This latest data, focusing on newly-listed homes, indicates a £13,000 rise since December. However, the average asking price remains £4,776 below the peak […]
EUR/JPY Rises, Awaits BoJ Rate Decision Below Mid-162.00s
EUR/JPY Rises, Awaits BoJ Rate Decision Below Mid-162.00s During the Asian trading session on Monday, the EUR/JPY currency pair exhibited a stronger performance, stabilizing below the mid-162.00s range. This market movement comes amidst growing investor speculation that the Bank of Japan (BoJ) might soon shift away from its long-standing ultra-dovish monetary policy. The anticipation is […]
Major Currency Pairs Remain Stable Before Crucial US Economic Data Release
Major Currency Pairs Remain Stable Before Crucial US Economic Data Release Throughout the latter half of the week, major currency pairs have been exhibiting fluctuations within narrow margins. Following a slight downturn on Wednesday, the US Dollar (USD) Index has maintained a subdued profile, hovering just below the 103.00 mark in Thursday’s European morning. Market […]
UK Housing Market Gains Momentum in February, RICS Survey Reveals
UK Housing Market Gains Momentum in February, RICS Survey Reveals In February, the UK housing market experienced an uptick, as indicated by a recent industry survey. This development comes amidst speculations regarding the trajectory of the Bank of England’s interest rates, which could potentially influence future demand. The survey conducted by the Royal Institution of […]
USD/CHF Nears 0.8790 Amid Strong US Inflation
USD/CHF Nears 0.8790 Amid Strong US Inflation The US Treasury Secretary, Janet Louise Yellen, recently expressed her views on the future of interest rates in the United States, stating that it is unlikely they will return to the pre-pandemic lows. This observation was made in the context of discussing the interest rate assumptions in President […]
Australian Dollar Gains Support from Rising ASX 200 Despite Stronger US Dollar
Australian Dollar Gains Support from Rising ASX 200 Despite Stronger US Dollar The Australian Dollar (AUD) is showing signs of consolidation, hinting at a potential recovery from its recent losses as of Wednesday. This comes amidst mixed market signals, including a positive performance from the S&P/ASX 200 Index and contrasting pressures from lower commodity prices. […]
GBP/JPY Falls Close to 188.70 Amid Rumors of Bank of Japan Mulling Rate Increase in March
GBP/JPY Falls Close to 188.70 Amid Rumors of Bank of Japan Mulling Rate Increase in March The GBP/JPY pair retraced its recent gains from Tuesday, declining to near 188.70 in the Asian trading session on Wednesday. This shift can be attributed to the strengthening of the Japanese Yen (JPY), spurred by market speculation about the […]
XRP Poised for Weekly Drop as Investors Pocket $370 Million in Profits
XRP Poised for Weekly Drop as Investors Pocket $370 Million in Profits The price of XRP, a popular altcoin, experienced a downturn, reaching $0.62 on Friday. Despite this drop, it managed to stay above the crucial $0.60 mark, a psychologically significant level for traders and investors. This recent price movement has been primarily attributed to […]
Biden Advocates for Increased Corporate Tax, Highlights Robust Economy in Major Address
Biden Advocates for Increased Corporate Tax, Highlights Robust Economy in Major Address In his State of the Union address, US President Joe Biden emphasized the need for increased corporate taxes, underscoring his commitment to reducing medication costs and enhancing housing affordability. This move comes as part of his efforts to address public concerns about the […]
EUR/USD Stabilizes Around 1.0950, Awaiting US Payroll Data
EUR/USD Stabilizes Around 1.0950, Awaiting US Payroll Data The EUR/USD currency pair has been exhibiting a phase of consolidation, struggling to extend the upward trajectory it started on March 1st. This period of steadiness comes as traders and market analysts fix their attention on forthcoming key economic releases from both the Eurozone and the United […]
WTI Stabilizes Near $78.50 Following Recent Upsurge Due to Changes in US Crude Oil Inventories
WTI Stabilizes Near $78.50 Following Recent Upsurge Due to Changes in US Crude Oil Inventories During the Asian trading hours on Thursday, the West Texas Intermediate (WTI) crude oil price experienced a slight decline, hovering around $78.50 per barrel. This movement follows a notable surge on Wednesday, primarily fueled by developments in the US crude […]
Stocks Rally as Powell Maintains Course on Interest Rate Reductions
Stocks Rally as Powell Maintains Course on Interest Rate Reductions On Wednesday, U.S. stock markets experienced a significant resurgence, particularly in the technology sector, which made a robust recovery from the previous day’s considerable downturn. This upward trend was largely influenced by investor reactions to Federal Reserve Chair Jerome Powell’s latest comments, suggesting that interest […]
Currency Market Stabilizes Ahead of Powell Speech, Bitcoin Gains Momentum
Currency Market Stabilizes Ahead of Powell Speech, Bitcoin Gains Momentum On Wednesday, the U.S. dollar remained stable as traders awaited Federal Reserve Chair Jerome Powell’s congressional testimony and upcoming key events, including a European Central Bank (ECB) rate decision and U.S. jobs data. Bitcoin showed renewed momentum in the cryptocurrency market, though it did not […]
China’s Ambitious 5% Growth Target Criticized as Lacking a Concrete Plan
China’s Ambitious 5% Growth Target Criticized as Lacking a Concrete Plan China has set an ambitious growth target of about 5% for this year, aiming to boost confidence in the world’s second-largest economy. However, analysts have noted the absence of detailed strategies from Premier Li Qiang to achieve this goal amidst China’s significant challenges. During […]
GBP/USD Remains Below 1.2700 Before Fed Chair Powell’s Testimony
GBP/USD Remains Below 1.2700 Before Fed Chair Powell’s Testimony In the early Asian trading session on Wednesday, the GBP/USD currency pair was observed holding below the significant 1.2700 mark, indicating a slight downtick influenced by a resurgence in the US Dollar (USD). This currency movement sets the stage for a day filled with key economic […]
What Are the Best Times or Sessions to Trade Gold in the Forex Market?
What Are the Best Times or Sessions to Trade Gold in the Forex Market? Have you ever wondered when is the best time to trade gold in the Forex market? Well, you’re in luck! Today, we’re going to delve into this topic and make it easy to understand. No complex jargon or metaphors – just […]