First Time in Over 2 Years: China’s Consumer Prices Experience a Drop
First Time in Over 2 Years: China’s Consumer Prices Experience a Drop China’s consumer prices have taken an unexpected turn, experiencing a notable decline for the first time in over two years. The latest official data released on Wednesday revealed a 0.3% drop in China’s consumer-price index (CPI) for the month of July compared to […]
Asian Shares Fall on Bank Concerns and Chinese Economic Worries
Asian Shares Fall on Bank Concerns and Chinese Economic Worries Asian markets experienced declines on Wednesday due to concerns about the U.S. banking system’s performance, which triggered a slide on Wall Street. Simultaneously, worries about Chinese economic growth added to the downward trend in the region’s stock markets. Japan’s Nikkei 225 dropped 0.2% to 32,323.31 […]
Japanese Yen Weakens Despite Unusual FX Warning from Ueda
Japanese Yen Weakens Despite Unusual FX Warning from Ueda The Japanese yen’s decline persists following the Bank of Japan’s (BOJ) unexpected adjustment to its yield curve control program. This shift has drawn the attention of central bank officials, especially since Governor Kazuo Ueda broke tradition by acknowledging that currency considerations influenced policy decisions. Ueda’s disclosure […]
EUR/JPY Bulls Target 157.70 Key Resistance Despite Soft Japan Wages and Lackluster German Inflation
EUR/JPY Bulls Target 157.70 Key Resistance Despite Soft Japan Wages and Lackluster German Inflation During today’s European session, the EUR/JPY pair is showing a bullish trend, targeting the key resistance level of 157.70. This upward movement is significant as it challenges a long-standing falling resistance line. Interestingly, this bullish drive is happening despite weak economic […]
WTI Crude Oil Supports OPEC+ Decision, US Dollar Retreats Near $83.00 High
WTI Crude Oil Supports OPEC+ Decision, US Dollar Retreats Near $83.00 High WTI crude oil has demonstrated resilience, holding onto modest gains around $82.90 in early Monday trading in Asia. The energy benchmark has maintained a three-day uptrend, reaching a four-month high. This price surge comes in response to favorable developments and positive market sentiment. […]
BOJ’s Policy Adjustment Indicates No Departure from Ultra-Low Rates – Deputy Governor
BOJ’s Policy Adjustment Indicates No Departure from Ultra-Low Rates – Deputy Governor The Bank of Japan (BOJ) recently made changes to its bond yield control policy with the intention of ensuring the sustainability of its massive stimulus, rather than signaling an exit from ultra-low interest rates, according to Deputy Governor Shinichi Uchida. On Wednesday, Uchida […]
Manufacturing Sector Activity in the US Remained Weak in July
Manufacturing Sector Activity in the US Remained Weak in July Manufacturing activity in the United States remained weak in July, as indicated by the July ISM Manufacturing Index, which recorded a reading of 46.4. Although this was a slight improvement from June’s reading of 46.0, it fell short of the market’s expectation for a stronger […]
EUR/GBP Stalls Near 0.8600 Ahead of BoE Announcement with Mixed Sentiments
EUR/GBP Stalls Near 0.8600 Ahead of BoE Announcement with Mixed Sentiments EUR/GBP is currently facing a struggle to maintain its strength near the 0.8600 level, as it enters Wednesday’s London session. The cross-currency pair appears to be brushing off mixed Eurozone data, while at the same time validating concerns over the UK’s economic outlook, resulting […]
Banks Forecast Tougher Loan Conditions for Businesses and Consumers
Banks Forecast Tougher Loan Conditions for Businesses and Consumers Lending conditions for businesses and consumers in the United States are currently tight, and they are expected to become even more stringent, as indicated by a recent Federal Reserve survey released on Monday. The closely monitored Senior Loan Officer Opinion Survey revealed that credit conditions have […]
USD/CAD holds above the 1.3200 mark with limited upside potential
USD/CAD holds above the 1.3200 mark with limited upside potential During Tuesday’s Asian session, the USD/CAD pair exhibited a modest rebound, managing to recover most of the losses experienced in the previous trading session. Presently, the pair is hovering around the 1.3220 mark, reflecting a modest 0.25% increase for the day. This recent price action […]
GBP/JPY Surges to a Three-Week High of 182.80-182.85 on Broad JPY Weakness
GBP/JPY Surges to a Three-Week High of 182.80-182.85 on Broad JPY Weakness The GBP/JPY pair has seen a significant rise for the second consecutive day on Monday, reaching a three-week high in the early European trading session. The pair is currently hovering around the 182.80-182.85 region, a surge of over 650 pips from Friday’s lowest […]
Pound Sterling Stabilizes as Investors Await BoE’s Next Moves
Pound Sterling Stabilizes as Investors Await BoE’s Next Moves The Pound Sterling (GBP) maintains stability with minimal directional movement as investors closely monitor the monetary policy decisions of the Bank of England (BoE). The GBP/USD pair faces uncertainty, reflecting worries about a deepening recession and the aggressive tightening measures implemented by the UK’s central bank […]
EUR/JPY Rebounds from Intraday Low, Remains Steady Around 153.00 Level
EUR/JPY Rebounds from Intraday Low, Remains Steady Around 153.00 Level The EUR/JPY cross experienced a rollercoaster ride in the financial markets, starting with a brief bullish spike that pushed it towards the 155.00 region. However, this upward momentum was short-lived as the pair swiftly plummeted to its lowest level since mid-June. The culprit behind this […]
ECB Plans Another Rate Hike while Maintaining Flexibility for September
ECB Plans Another Rate Hike while Maintaining Flexibility for September The European Central Bank (ECB) is set to raise interest rates for the ninth consecutive time on Thursday, amid the ongoing battle against surging inflation and mounting evidence of an economic slowdown. With inflation still remaining stubbornly high and projected to take until 2025 to […]
FOMC Adopts Flexible Policy Assessment, Meeting by Meeting
FOMC Adopts Flexible Policy Assessment, Meeting by Meeting In response to the complex challenges and uncertainties tied to balancing potential inflationary pressures against notable risks to economic expansion, the Federal Open Market Committee (FOMC) has adopted a flexible approach. The monetary policymaking body of the Federal Reserve System will now assess its policy on a […]
AUD/USD Gains Momentum Above 0.6800 Amid Weakening USD
AUD/USD Gains Momentum Above 0.6800 Amid Weakening USD The AUD/USD currency pair demonstrated considerable strength during Thursday’s Asian trading session, surpassing the key 0.6800 level. This significant surge was largely driven by a weakening US Dollar, pushing the major pair to trade around 0.6807, marking a day’s gain of 0.75%. This movement exhibits the dynamic […]
U.S. Stocks Rise as Market Awaits Fed Decision
U.S. Stocks Rise as Market Awaits Fed Decision On Tuesday, the U.S. stock market experienced a positive swing, with investors closely watching earnings reports and eagerly anticipating the outcome of the U.S. Federal Reserve’s interest rate decision. The Dow Jones Industrial Average, one of the key indices in the stock market, ended the day with […]
Nearly 76% of Business Leaders View Japan’s Economy as ‘Growing’
Nearly 76% of Business Leaders View Japan’s Economy as ‘Growing’ A recent survey conducted by Asahi Shimbun has shown a positive shift in business sentiment among Japan’s corporate leaders. Of the 100 major companies surveyed nationwide, 76% perceive the domestic economy as either “expanding” or “gradually expanding.” This marks a significant increase from the previous […]