The focus on the Japanese Yen remains high as investors eagerly await the Bank of Japan’s interest rate decision. Speculations suggest that the Bank of Japan will leave interest rates untouched on Friday. However, the main attraction will be the monetary policy statement and press conference that follows. Analysts will be looking for forward guidance
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The CEO of an alternative trading platform, Kelly Rodriques, is determined to revolutionize the private equity investing landscape. In an effort to combat the challenges faced by the stalling initial public offering market, Rodriques partnered with Accuidity to introduce the Forge Accuidity Private Market Index. The primary objective of this initiative is to provide more
Following the recent decision by the European Central Bank (ECB) to slash its benchmark interest rate, there seems to be uncertainty surrounding the potential implications of this move. ECB policymaker Robert Holzmann has expressed reservations about whether this rate cut signals a definitive shift towards lower borrowing costs or if it is merely a temporary
During a state visit to France, President Emmanuel Macron and President Joe Biden emphasized the importance of preventing a broader escalation in the Middle East. Macron highlighted the need to calm the situation between Israel and Hezbollah, with a key priority being to avoid a regional explosion in Lebanon. Both leaders expressed their commitment to
The recent bankruptcy of Synapse, a fintech middleman, has left customers in shock as they realize that there is an $85 million shortfall between what partner banks are holding and what depositors are owed. The trustee, Jelena McWilliams, appointed by the court, revealed that customers of fintech firms using Synapse had $265 million in balances,
Recently, a group of Credit Suisse bondholders took legal action against the Swiss government, demanding full compensation for the controversial decision to write down the bank’s Additional Tier 1 (AT1) debt. This move was a result of Credit Suisse’s emergency sale to UBS, which was orchestrated by the Swiss government. The Swiss regulator Finma decreed
William Li, the CEO of Chinese electric car company Nio, announced plans to expand the company’s presence to the Middle East by the end of this year. This decision comes at a time when competitors in the electric car market are also increasing their global footprint. Nio, which recently received funding from Middle East-based investors,
The USD/JPY pair is currently aiming for an upside break above the 156.40 resistance level. The US Dollar has maintained a strong position above the 154.50 level against the Japanese Yen, forming a solid base for a potential increase. The pair managed to surpass key resistance levels at 155.80 and 156.00, signaling a bullish momentum.
The dollar has been hovering close to an eight-week low, awaiting the release of a crucial U.S. jobs report. This report is expected to provide insights into the Federal Reserve’s decision on interest rate cuts. The U.S. dollar index, which measures the currency against major rivals, has been relatively stable but is close to breaking
Bank of Japan Deputy Governor Ryozo Himino raised concerns regarding the impact of exchange-rate fluctuations on economic activity and inflation. The comments from Deputy Governor Himino and board member Nakamura show a difference in focal points within the BoJ, which could lead to conflicting strategies in the future. Investor attention will be focused on the
The US dollar index is currently hovering near an important support trendline, making traders wary of the next move. While there is a possibility of a new bullish phase, the technical signals are uncertain at the moment. The stochastic oscillator is flirting with the oversold territory, the RSI is struggling to break above the neutral
The price of gold has risen to 2368 USD per troy ounce, marking a second consecutive session of upward movement. This surge is driven by the market adjusting its expectations to the potential for future interest rate cuts by the Federal Reserve. Recent employment data, particularly from ADP, has shown that the increase in private-sector