Similar Posts
USD/JPY Technical: Potential start of a medium-term corrective decline – MarketPulse
Yen strength continued to persist reinforced by an uptick seen in the leading Tokyo’s core-core inflation rate as it rose to 1.9% y/y in November. Japan’s overnight swap rates have indicated an increase in odds that BoJ may hike its short-term policy interest rate again in the upcoming 18-19 December meeting. Watch the 149.30 intermediate…
Will the Downtrend Continue? – Forex Market Analysis – ForexCycle.com
EUR/USD is currently testing the key support level at 1.1026, a critical point for the pair’s next move. Potential Scenarios Bearish Breakdown: If the price breaks below 1.1026, it could trigger further downside movement, with the next target around the 1.1000 area. A continued decline could push the pair toward 1.0960, followed by the 1.0900…
BoE’s Greene: UK’s consumption puzzle warrants cautious, gradual monetary easing – Action Forex
In an article for the Financial Times, BoE MPC member Megan Greene highlighted the challenges facing the UK’s consumption patterns, describing it as a “consumption conundrum.” Despite real incomes rising for over a year and inflation expectations stabilizing near historical averages, real consumption remains only 1.5% above pre-pandemic levels—a situation Greene finds puzzling. Greene pointed…
Event Guide: Canada’s Employment Report (April 2025)
Will Canada’s April jobs numbers reflect weakness and add to dovish BOC speculations? Or will they come in stronger-than-expected and fuel Canadian dollar demand? Here are the points you need to know if you’re trading Canada’s labor market report on Friday! This Article Is For Premium Members Only Become a Premium member for…
RBNZ Cut Rates by 0.50% for the Third Consecutive Meeting But Kiwi Rebounded
The Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 50 basis points to 3.75% in their February meeting as expected, marking its third consecutive substantial rate reduction as inflation remains contained and economic activity subdued. Key Takeaways: RBNZ reduced OCR by 50 basis points to 3.75%, extending its easing cycle…
