NZD/JPY inches higher on Friday, touching 88.90 and holding recent upside momentum. MACD bars remain green but have flattened, signaling cautious optimism amid lingering downside risks. RSI moves up to 51, entering positive territory as buyers tentatively return. NZD/JPY added a modest 0.20% on Friday, climbing to 88.90 and building on the gains seen since
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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Oil prices edged higher on Thursday in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the world’s biggest oil importer, while an anticipated decline in U.S. crude inventories also provided support. Brent crude futures rose 11 cents, or 0.2%, to $73.69 a barrel by 0148 GMT. U.S. West Texas Intermediate crude
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Treasury Secretary Janet Yellen fired off a warning shot to Congress today, flagging a critical debt ceiling timeline that could rattle markets in early 2025. Debt ceiling reinstates Jan 2 Default risk window: Jan 14-23 Treasury to deploy ‘extraordinary measures’ if needed The timing adds another layer of complexity to an already heated political environment
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The European major indices are closing higher on the day. That runs counter to the moves seen in the US stock indices which are down sharply as money rebalances out of US and into Europe (at least today). The final numbers are showing: German DAX, +0.68% France’s CAC, +1.0% UK’s FTSE 100, +0.16% Spain’s Ibex,
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At the end of the day, policymakers can and will spin the narrative to however they see fit with their decision. And with the BOJ these days, the leaked reports leading up to their meeting seem to be the more important part of the narrative. The latest inflation numbers from Japan’s capital here today might
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Yen saw broad declines during Asian session, briefly falling below 158 against Dollar, but the selloff was quickly mitigated by verbal intervention, as least partially. The decline was triggered by weaker-than-expected Tokyo inflation data. Stripping out energy and food prices, core-core inflation remained relatively stable, signaling limited urgency for BoJ to proceed with further rate
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