Oil prices have been on an upward trajectory, hitting five-month highs and showing consistent growth in every trading session since March 27. The price of a barrel of WTI started the day on Tuesday at $84.6 before slightly retracting by midday in Europe. This recent surge in oil prices can be attributed to various factors,
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The recent seesawing of USD/JPY in the narrow range of the 151.000s has left many traders unsure of the next move for this currency pair. Threats of intervention from Japanese authorities have kept bulls at bay, while strong US data has prevented bears from taking control. The speculation on which direction USD/JPY will head next
In a recent report, a government panel in Japan emphasized the importance of shifting the country’s economic policy focus away from crisis-mode stimulus towards achieving private sector-driven economic growth. This recommendation comes in response to the central bank’s decision to end eight years of negative interest rates. The panel highlighted the need for policy changes
UBS recently unveiled a new share repurchase program amounting to $2 billion, with a significant portion of $1 billion set to be executed within the year. This move comes on the heels of the completion of the bank’s 2022 buyback, where 298.5 million shares were repurchased, representing 8.62% of its stock valued at $5.2 billion.
The Japanese Yen seems to be facing significant challenges in the foreign exchange market, as it fails to attract buyers despite fears of intervention and a risk-off impulse. The cautious outlook of the Bank of Japan (BoJ) is one of the main factors that continue to undermine the JPY, while lending support to the USD/JPY
After the release of U.S. data showing the first expansion in manufacturing since September 2022, the U.S. dollar maintained its position close to a 4-1/2-month high against major peers. This unexpected positive data resulted in traders delaying their expectations for the Federal Reserve’s first interest rate cut of the year. The dollar’s strength was further
The demand for exchange-traded funds (ETFs) among investors is showing no signs of slowing down. According to Steve Sachs, the global chief operating officer of Goldman’s ETF Accelerator, firms that do not offer ETF products may be at risk of losing business in the long run. Sachs emphasizes that the opportunity cost of not providing
When it comes to making financial decisions, it is crucial to conduct thorough due diligence checks. The content provided on various websites, including news, opinions, and analysis, should be taken as educational and research purposes only. It is essential not to see this information as recommendations or advice to take any action, such as making
The cryptocurrency market capitalization has experienced a significant decline, dropping to $2.63 trillion. This decline reflects the bottom of the range for the week, with the top coins such as Bitcoin, Ethereum, and BNB showing losses in the past 24 hours. Despite this, coins like Solana, Dogecoin, and Toncoin have shown gains. The market overall
The British Pound has been experiencing a period of stagnation, hovering around the 1.2620 level within a tight 500 pip range. Despite attempts by bears to push the GBPUSD into a downtrend similar to the EURUSD, the pair has consistently found buyers on dips towards the 200-day moving average at 1.2590. This deadlock appears to
When it comes to making financial decisions, it is crucial to conduct thorough due diligence checks before taking any action. The information provided on various platforms, including news websites and publications, may offer personal analysis and opinions that are intended for educational purposes only. However, it is essential to remember that this information should not
The Japanese Yen (JPY) has been facing challenges due to the cautious stance taken by the Bank of Japan (BoJ) and the prevalent risk-on mood in the market. The lack of clarity regarding future rate hikes and the uncertainty surrounding policy normalization have contributed to the weakening of the safe-haven JPY. While the risk-on sentiment