USD/JPY FORECAST: Monetary policy divergences between the Federal Reserve and the Bank of Japan will continue to weigh on the outlook for the Japanese yen The U.S. dollar retains a constructive profile for now This article looks at USD/JPY key levels to watch in the coming days Trade Smarter – Sign up for the DailyFX
The major European indices are ending mostly lower. The one exception is the UK FTSE 100 which eked out a small gain. A snapshot of the closing levels shows: German DAX fell -5.06 points or -0.03% at 15566.81 Frances CAC fell -23.49 points or -0.33% at 7190.42 UK’s FTSE 100 rose 13.43 points or 0.17%
Share: GBP dropped this week on the back of the BoE’s unchanged policy decision. Economists at Rabobank have revised down their six-month EUR/GBP forecast modestly. Gloomy economic outlook for the Eurozone The dip in GBP after the steady policy decision from the BoE this week has lifted EUR/GBP towards the top of its
Shawn Fain UAW President speaks on UAW strike. As the UAW strikes increases at 38 parts and distributing plants impacting 20 states. UAWs Fain is on CNBC saying: Have a lot of options with our strike strategy Biggest objective now is ending pay tiers Stallantis waited over a month to respond to our economic demands.
Share: EUR/USD is approaching 1.06. Economists at Commerzbank analyze the pair’s outlook. Interest rate cuts could become concretely apparent in the US In the medium term, we expect the Fed to lower its key rate again next year as the US economy cools. At the same time, the ECB is likely to keep
Swing Point Highs and Lows are vital concepts in technical analysis, forming the cornerstone for traders and investors to make informed decisions. In the world of forex trading, these indicators hold immense significance, allowing individuals to identify potential trend reversals, entry and exit points, and overall market sentiment. In this article, we’ll delve into the
The USDCHF traded sideways and then moved lower on Wednesday before finding support near 0.89347, basing and moving to the upside. The Swiss National Bank kept rates unchanged on Thursday helping to propel the price even higher, with the price moving above its 200-day moving average of 0.90334. The surge on Thursday did find willing
EUR/USD: Verbal Interventions by the Federal Reserve Support the Dollar ● In previous reviews, we extensively discussed the verbal interventions made by Japanese officials who aim to bolster the yen through their public statements. This time, similar actions have been taken by FOMC (Federal Open Market Committee) officials, led by the Chairman of the Federal
Share: The USD/JPY is seeing recovery on Friday into the top end of the week’s trading. The BoJ maintained its negative rate policy regime, as markets broadly expected. US PMIs came in mixed, capping any decisive moves for the Greenback. The USD/JPY is set to close out the trading week just south of
Total rigs 630 versus 641 last week. Down -11 on the week Oil rigs versus 507 vs 515 last week. Down -8 on the week. Gas rigs versus 118 vs 121 last week. Down -3 on the week. Crude oil was trading at $89.95. It has seen a move up to $90.23 currently. This article
