© Reuters. A view shows Russian rouble coins in this illustration picture taken March 25, 2021. REUTERS/Maxim Shemetov/Illustration By Alexander Marrow (Reuters) -The rouble recovered from more than a 16-month low past 98 to the dollar on Wednesday after the central bank intervened to try and halt the Russian currency’s slide, effectively abandoning its budget
Euro (EUR/USD, EUR/JPY, EUR/AUD) Analysis European markets rebound positively to Italian bank tax clarity EUR/USD attempts to claw back yesterday’s losses EUR/JPY gears up for retest of yearly high on improved Euro sentiment EUR/AUD to retest yearly high after yesterday’s drop? The analysis in this article makes use of chart patterns and key support and
A snippet on what Deutsche Bank is expecting from the Bank of England: expect a +25bps hike taking the Bank Rate to 5.25% it is a close call between that and +50bps Beyond next week’s decision, see two more +25bps hikes rate cuts potentially starting from Q2 of 2024 — Announcement due at 1100 GMT,
Inflation in the UK is slowing down. However, it remains the highest among all developed countries. Thus, from the report of the Office for National Statistics, published on July 19, it follows that annual inflation in the UK in June fell to 7.9% (stronger than the forecast of 8.2% and significantly lower than the May
As the dust settles from the Bank of Japan USD/JPY is rising above 141.00 and I think that’s the right trade. A week ago, I warned not to chase USD/JPY as it rose to 141.73 and we got a retracement all the way to 138.06 on a series of leaks and a messy trade. It
Share: At the highly-anticipated July policy review meeting, the Bank of Japan (BoJ) board members decided to leave their current monetary policy settings unchanged, maintaining rates and 10yr JGB yield target at -10bps and 0.00% respectively. Summary of the statement BoJ maintains band around 10-year JGB yield target at up and down 0.5% each. BoJ makes decision on
USD/JPY had a sharp fall in very early Asia, dropping from circa 139.50 to lows under 138.90. The swings didn’t finish there, with lows for the session (as I write) under 138.75 before a move back up to above 139.50. Speculation swirled of a Bank of Japan ‘tweak’ to its yield curve control program. Yen
It is expected, with a probability of almost 100%, according to the CME Group, that the Fed will raise interest rates by 25 bp to 5.5%, and this decision is already priced in. But here’s how the Fed leaders will act further in relation to the parameters of monetary policy, here the intrigue remains. Many
Reserve Bank of Australia meetings were easy, the first Tuesday of each month except for January. That ‘first Tuesday of the month’ will be the case for August, September, October, November and December 2023. From 2024, changes are afoot! As part of the shifting the deckchairs on the Satanic RBA Review the Bank has moved
USD/JPY, EUR/JPY PRICE FORECAST: FX Intervention Remains a Factor but Central Banks are Likely to Drive Price Action on Yen Pairs. Japanese Cabinet Office Lifted its Views in Business Sentiment. The First Time in 7-Months. EUR/JPY Retreats from YTD High with Double Top Pattern Hinting at a Deeper Retracement. To Learn More About Price Action,
