Extreme volatility was seen in the markets in the past 24 hours. Yen rebounds broadly today after Japan confirmed that “decisive” currency intervention was made. That came after BoJ stood pat and pledged to keep rate at low level. Swiss Franc was sold off sharply after SNB hiked 75bps, but hinted at the possibility of
The Bank of England raised rates by 0.5 percentage points Thursday. Vuk Valcic | SOPA Images | LightRocket | Getty Images LONDON — The Bank of England voted to raise its base rate to 2.25% from 1.75% on Thursday, lower than the 0.75 percentage point increase that had been expected by many traders. Inflation in
In this article FDX Follow your favorite stocksCREATE FREE ACCOUNT A person walks by a FedEx van in New York City, May 9, 2022. Andrew Kelly | Reuters FedEx on Thursday announced rate hikes and detailed its cost-cutting efforts after the shipping giant warned last week that its fiscal first quarter results were hit by
What you need to take care of on Friday, September 23: Several central banks announced monetary policy decisions following the US Federal Reserve meeting. The first one was the Bank of Japan which decided to keep its monetary policy on hold. However, not long after the meeting, the BOJ intervene in the FX market. The
The Bank of Japan September Monetary Policy Statement is due today, Thursday, 22 September 2022. There is no firmly scheduled time for the BOJ statement, its reasonable to expect it some time in the 0230 to 0330 GMT time window Yesterday the Bank heavily intervened in the Japanese Government Bond market: More on the aggressive,
The pair has taken a nosedive from 145.80 to a low of 142.48 currently as Japanese authorities step in to buy the yen against the dollar for the first time since June 1998. It’s a historic move in markets and a massive signal of their resolve. I was definitely one that had been underestimating the
NEW DELHI: Gold prices dropped on Thursday, hovering near two and a half year lows after the US Federal Reserve increased interest rates by another 75 basis points and flagged more hikes. Fed Chair Jerome Powell vowed that he and his fellow policymakers would “keep at” their battle to beat down inflation, as the US
Dollar broke out to the upside overnight following hawkish Fed hike. At the same time, it’s closely trailed by Swiss Franc for now, on geopolitical risks. Risk aversion is also keeping Yen afloat in crosses, despite strong rally in treasury yields. For now, Kiwi is the worst performer for the performer among the weak commodity
At its September monetary policy meeting on Thursday, Indonesia’s central bank, Bank Indonesia (BI), hiked its 7-day reverse repo rate by an unexpected 50 bps from 3.75% to 4.25%. The central bank Governor Warjiyo noted that the rupiah depreciation is relatively better than peers. Additional Comments Global inflation has risen amid geopolitical tensions, protectionist trade policies. Core inflation
Greece is globally recognized for its touristic lures of idyllic beaches and a laid-back lifestyle. Prior to the outbreak of the global pandemic, the World Travel and Tourism Council said that tourism generated over one-fifth of Greece’s total GDP. This year, the country faced a record number of travelers during its summer tourism season. In
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The GBPUSD moved to a new low going back to 1985 on the Fed hike, with the low reaching 1.12349. The price then snapped back higher and raced back to the swing lows from Friday, Monday and yesterday between 1.1350 – 1.13568. The high price reached 1.13564 on the rebound between that swing area (see
The major US stock indices are closing lower and near lows for the day as traders react to the more hawkish Fed rate projections. The Fed now sees a end of year rate of 4.4% which is higher than the markets expectations going into the report. They also see the terminal rate at 4.6% in
Gold prices in the national capital rose by Rs 152 to Rs 49,871 per 10 grams on Wednesday, amid a rise in international precious metal prices along with rupee depreciation, according to Securities. In the previous trade, the yellow metal had closed at Rs 49,719 per 10 grams. Silver also jumped by Rs 333 to
Euro is sold off broadly, together with Sterling, after Russia announced partial military mobilization. Reactions in European stock markets are muted, nevertheless. For now, Swiss Franc is the strongest one for today, followed by Dollar, Canadian and Yen. Aussie and Kiwi are mixed. Focuses will now turn to FOMC rate decision first, followed by BoJ,
AUD/USD bulls have eyes on the 0.6720s despite hawkish Fed. The US dollar has dropped from the post-Fed rate hike highs. AUD/USD has rallied following a 30 pip drop below the round 0.6650 level that came on the back of the knee-jerk reaction to the Fed’s interest rate hike. AUD/USD, however, recovered from a session