BofA says yen weakness limited by volatility, favors AUD/JPY

This evening session’s tone remains light with a few, non-market moving events. NZD traders should still pay attention to the Consumer Confidence surveys releasing in the evening (Particularly the NZIER releasing very soon.) In Tuesday’s session, Europe opens with German Factory Orders (02:00 ET) and multiple ECB speeches from Nagel and Lagarde. The ECB president…

Foreign exchange specialist OFX announced the expansion of its operations in Germany on Wednesday. The company revealed it has established a new regional team across multiple cities to better serve its clients in the region. “This strategic initiative underscores OFX’s dedication to the European market, further strengthening its presence and commitment to providing exceptional financial…

Brent crude oil price rose in its recent intraday trading, after reaching our target at $60.70, providing some of the positive momentum that assisted it to achieve these gains, amid the dominance of the main bearish trend on the short-term basis and its trading alongside the bias line, with the continuation of the negative pressure…

TSMC has seen a slowdown in its sales growth this January. The company now faces global challenges that have reduced demand. Many factors play a part in this change, and the shift has caught many by surprise. First, global economic troubles have affected many buyers. They are cautious and delay purchases. In addition, issues with…