On Wednesday, August 7th, the Japanese yen experienced a decline, reaching a daily low of 147.88 against the US dollar. This movement followed comments from Shinichi Uchida, Deputy Governor of the Bank of Japan (BOJ), who emphasized the need to maintain the current level of accommodative monetary policy due to significant volatility in domestic and…
Event to watch out for today: 15:30 GMT+3. USD – Unemployment Claims USDJPY: The Japanese Yen (JPY) continues to lose ground against the US Dollar (USD) on Thursday after correcting intraday gains. This decline can be attributed to comments from Bank of Japan (BoJ) Deputy Governor Shinichi Uchida, who said on Wednesday: “We will not…
On Wednesday, gold prices experienced some fluctuations, finding support above 2378 and facing resistance below 2407. This movement suggests that after a short-term dip, gold may be poised for an upward trend. Key Levels to Watch Resistance Levels: Short-term resistance: 2407 Important resistance: 2425 Support Levels: Short-term support: 2374 Significant support: 2353 Potential Scenarios Bullish…
[220+ Pages Latest Report] According to a market r The post [Latest] US Outdoor Power Equipment Market Size/Share Worth USD 1,17,626.4 Million by 2033 at a 6.74% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value) appeared first on ForexTV. Source link
In August, the Japanese yen became one of the most popular instruments in the forex market. Following an unexpected rate hike by the Bank of Japan and weak labour market data from the US, the USD/JPY pair dropped by more than 1000 pips, settling below the psychological level of 150.00. The divergent monetary policies of…
The BOC shared that the economy is seeing a cooling labour market. Will July’s employment numbers support the central bank’s dovish estimates? Source link
RBNZ latest Survey of Expectations showed a notable decline in inflation expectations across all time horizons. One-year-ahead annual inflation expectations fell by 33 basis points, dropping from 2.73% to 2.40%. This marks the sixth consecutive quarterly decline since June 2023. The two-year-ahead inflation expectations, a closely monitored indicator, also saw a decrease from 2.33% to…
On Wednesday, the EUR/USD pair experienced some movements, finding support above 1.0905 and encountering resistance below 1.0940. This suggests that after a short-term rise, the EUR/USD might continue its downward trend. Key Levels to Watch Resistance Levels: Immediate resistance: 1.0940 Important resistance: 1.0965 Support Levels: Short-term support: 1.0900 Significant support: 1.0870 Potential Scenarios Bearish Scenario:…
Do you ever wonder how traders seem to know when a chart is about to start trending? Is there some dark magic in play…? Not at all! Experienced traders often use indicators to help them predict what might happen. Two of the most important for trends are the Golden Cross and the Death Cross. Now,…
By Ope Adetayo ABUJA (Reuters) -Nigeria has arrested seven Polish nationals for raising Russian flags during anti-government protests this week in the northern state of Kano, Peter Afunanya, a spokesperson for the state security service, said on Wednesday. Hundreds of thousands of Nigerians have been protesting since Aug. 1 against President Bola Tinubu’s painful economic…