As expected, the BOJ left policy unchanged today but it is making a stand in trying to maintain yield curve control. The Japanese central bank vowed to continue with unlimited bond buying of 10-year JGBs at 0.25% at every business day, unless it becomes clear such an offer would draw no bids. That has helped
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The AUDUSD is looking to close lower for the fifth consecutive day although today’s decline would be modest. The current price is just four pips off it’s closing level yesterday at 0.7122. The price is traded mostly above that level today but has rotated back to the downside going into the close. Looking at the
Gold prices weakened on Thursday towards a two-month trough hit in the previous session, as the U.S. dollar steadied near five-year highs, hurting demand for greenback-priced bullion. FUNDAMENTALS * Spot gold was down 0.1% at $1,885.20 per ounce, as of 0038 GMT. U.S. gold futures were also down 0.1% at $1,886.40. * The dollar was
Yen and Dollar are both staying in the driving seat as risk-off sentiment continues to dominate the markets. Sterling remains the worst performing one, followed by Euro, with selling focus mainly on them. Australian Dollar recovers mildly as stronger than expected CPI data prompted some speculations that RBA could hike next week. But it’s not
In this article FB Mark Zuckerberg told the world last October that he was rebranding Facebook to Meta as the company pushes toward the metaverse. Facebook | via Reuters Meta, the company formerly known as Facebook, is set to report first-quarter earnings after the bell on Wednesday. Here are the key numbers: Earnings per share:
USD/JPY shoots to near 129.54 on a neutral stance dictated by the BOJ in its monetary policy meeting. The decision is in-line with the market expectations as inflation is well below the target of 2%. The DXY is likely to advance further on higher expectations of the US Core PCE on Thursday. The USD/JPY pair has attracted
Michael Hsu, the acting head at the United States Office of the Comptroller of the Currency, said stablecoins need standards comparable to the early internet. In a written statement following his appearance at the Artificial Intelligence and the Economy event in Washington D.C. on Wednesday, Hsu said stablecoins lacked “shared standards,” were “interoperable,” and needed
It did not take long for the US major indices to turn back into the negative after running higher at the open. The Dow industrial average is now down -66 points or -0.2% at 33173.42 S&P index is down -4.11 points or -0.10% at 4171.10 NASDAQ index is down -37.85 points or -0.30% at 12452.89
The price of the GBPUSD is trading near lows for the day at 1.2521. That is taking the pair closer to the natural support at 1.2500. It is also nearing the 61.8% retracement of the move up from the 2020 low at 1.24936. Looking at the daily chart, the price moved below a swing area
New Delhi: Gold prices declined by Rs 258 to Rs 51,233 per 10 grams in the local market here on Wednesday in line with lower international metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 51,491 per 10 grams. Silver also declined by Rs 327 to Rs
Selloff in Euro accelerates again today, as Germany benchmark 10-year yield tumbles back below 0.8 handle. Swiss Franc and Sterling are also the weaker ones. Australian Dollar is supported by stronger than expected CPI reading, but looks rather vulnerable into US session. Indeed the greenback is probably ready to power up again, including against commodity
In this article BA A Boeing Co. Dreamliner 787 plane with AirEuropa livery moves past the company’s final assembly facility in North Charleston, South Carolina, U.S., on Tuesday, Dec. 6, 2016. Travis Dove | Bloomberg | Getty Images Boeing reported a wider adjusted loss and lower revenue than analysts expected as the company faced higher
XAG/USD continues to trade with a downside bias and hit more than two-month lows in the $23.20s on Wednesday. The buck continues to advance, weighing on the pair, amid risk-off flows, geopolitical jitters and Fed tightening bets. Continued buck buoyancy against the backdrop of still very jittery global market risk appetite (US stocks have pared
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The first part of the headline is related to today’s Australian Q1 CPI data which say the ‘trimmed mean’ measure of core inflation (the RBA’s go-to measure of underlying inflation) jump above the top of the Reserve Bank of Australia’s target band of 2 – 3% to 3.7% y/y. The headline rate hit a whopping
The USDCAD moved higher yesterday and away from it’s 100 day MA. The high yesterday stalled ahead of a lower swing area that is ahead of the extremes from 2021 in 2022. That swing area in the USDCAD comes between 1.27857 and 1.28132. In trading today, the USDCAD initially moved lower in the Asian session,
Gold prices eased on Wednesday as the dollar held ground at its highest in more than two years and pressured demand for greenback-priced bullion. FUNDAMENTALS * Spot gold was down 0.1% at $1,903.16 per ounce, as of 0037 GMT. U.S. gold futures were up 0.1% at $1,905.80. * The dollar held steady after climbing to