Japan’s top currency diplomat, Masato Kanda, is closely monitoring how central bank decisions, particularly the expected end to negative interest rates in Japan, will affect markets. He acknowledges that these events have the potential to trigger volatile asset movements but refrains from commenting on the growing expectations that the Bank of Japan (BOJ) will put
EUR/USD is trading lower near 1.0880 during the Asian session on Thursday, as the US Dollar (USD) is making efforts to retrace its recent losses. The 14-day Relative Strength Index (RSI) for the EUR/USD pair is positioned below the 50 mark, indicating a bearish momentum in the market. The lagging indicator Moving Average Convergence Divergence
Bank of Japan Governor Kazuo Ueda recently discussed the blueprint for exiting negative rates, shedding light on two focal points: wage growth and the services sector. The Jibun Bank Services PMI unexpectedly increased from 51.5 to 52.7 in January. This significant growth indicates a noteworthy rise in input prices and hiring among service sector firms.
In a surprising move, billionaire hedge fund manager Bill Ackman and his wife Neri Oxman have acquired a nearly 5% stake in the Tel Aviv Stock Exchange (TASE). This acquisition comes as the Israeli exchange announced a secondary offering of its shares, making Ackman and Oxman’s purchase worth approximately $25 million. The news highlights the
Looking at the monthly timeframe, it is evident that the trend for EUR/CHF is firmly to the downside. A significant technical observation on this scale is the completion of a bearish chart pattern. This breakout lower beneath the lower boundary of a descending triangle formation, which extended from the high of CHF1.0042 and a low
The price of gold has been facing significant challenges in its road to recovery, with resistance at the $2,040 mark posing a major obstacle. This article explores the technical analysis of gold as well as the struggles faced by Bitcoin, providing insights into their future price movements. Gold recently found support around the $2,000 zone
The US dollar remained near a six-week high against major currencies on Wednesday as market participants solidified their expectations that the Federal Reserve would not hastily cut interest rates due to the resilience of the US economy. Meanwhile, the Japanese yen saw a slight increase as investors anticipated a stimulus exit as early as March,
The NZD/USD pair has experienced limited gains recently, struggling to capitalize on its modest gains from the Asian session. Despite ticking higher following the release of domestic inflation figures, the pair remains within striking distance of a near two-month low. This article analyzes the factors influencing the NZD/USD pair and discusses its future outlook. Statistics
The EUR/USD has experienced a sharp decline, reaching its lowest levels in nearly six weeks. This downward trend can be attributed to various factors, including souring consumer sentiment, declining bank lending activity, and high interest rates. Additionally, market participants are eagerly awaiting important economic figures such as PMI data and the ECB rate call. In
As Cuba braces itself for a new wave of economic challenges, its citizens are feeling the weight of an austerity plan that threatens to further cripple the already struggling communist-run island. With soaring budget deficits and a sluggish economy, the measures implemented by the government are expected to touch nearly every aspect of the country’s
The world’s top hedge funds experienced an unprecedented surge in profitability in 2023, as stock markets roared back to life. According to research conducted by LCH Investments, the 20 leading funds accumulated a staggering $67 billion in investor profits, surpassing the $65 billion earned during the pandemic-era rally in 2021. This growth is even more
The recent interest rate decision, statement, and press conference by the Bank of Japan have left investors with little to no clue about the future direction of the yen. This lack of clarity has caused the yen to give up its gains against the US dollar. Unfortunately, it seems to be a recurring theme that