The yen is approaching the key psychological level of 150 yen per dollar after the interest rate gap with the US widened due to hotter-than-expected inflation data. The currency traded just below that rate against the greenback on Friday morning in Asia amid speculation that Japanese authorities would intervene if the yen suddenly weakens. The Group of Seven...
BTC ANALYSIS October 13 * On frame D1: Yesterday's candle D1 was a Bullish Pinbar candle, with a long lower shadow and closing near the top, showing a push from below. Thus, there appear 02 consecutive candles of withdrawal at the 26k5 support area, this shows that short-term buying pressure in this area is quite strong, there will likely be a recovery period...
The Euro increased in value today. In the recently released Global Economic Outlook (WEO) report, the International Monetary Fund (IMF) lowered the 2023 economic growth forecast for many economies around the world. Only a few economies, including the US, Japan, India and Russia, buck this trend. Positive signals from some economies are expected to contribute to...
Minutes from the Fed's most recent meeting, released on Wednesday, indicated that most central bank policymakers agreed that another rate hike would be "appropriate" when Inflation continues to trend higher than target. The minutes also pointed out the uncertainties surrounding the economy and the need to proceed carefully in assessing the impact to have...
AUD increased slightly on October 12 when Australian banks may increase interest rates to 4.35% Australia is committed to ensuring a stable energy supply to Japan during the 5th Japan-Australia Ministerial Economic Dialogue. The above agreement reflects the strategic partnership between the two countries, emphasizing the important stable and reliable flow of...
After finding support at the 20-day exponential moving average ($27,227) over the past two days, Bitcoin broke below this level on October 11. This shows that bears are trying to gain control . The next support to note on the downside is the 50-day simple moving average ($26,615). If this level is broken, it will show that traders are rushing to exit. The BTC/USDT...
The conduct of an anti-subsidy investigation against steel manufacturers will be announced at a summit with the US on October 20. InternationalEU plans an anti-subsidy investigation to secure a steel agreement with My Phuong Nhi • October 11, 2023 19:19 The conduct of an anti-subsidy investigation with steel manufacturers will be announced at a summit peak with...
The manager turns to consider developments in the financial markets in the time between meetings. US data releases generally point to a stronger economic recovery than previously thought, and the market price reaction implies both a higher expected trajectory for policy rates in the near term. longer and long-term insurance premiums are higher. Policy-sensitive...
SD/JPY remains in a difficult position as the fundamental backdrop remains tilted in one direction, but the threat of intervention acts as an obstacle to trend continuation. At this stage, the deviation in many JPY pairs is still large because the Bank of Japan keeps interest rates at the floor level despite rising inflation. Most other major economies have...
Bitcoin price traded at 27,130.14 USD/BTC, down 1.92% in 24 hours. The liquidity of the cryptocurrency with the largest market capitalization is at 21.47 billion USD, down 14.03% compared to October 10. Bitcoin's capitalization reached 528.96 billion USD, accounting for 49.30% of the total capitalization of the cryptocurrency market.
The Japanese Yen decreased 0.13% against the greenback, down to 148.68/USD. The Japanese currency rose again after Kyodo reported that the Bank of Japan is considering raising its core consumer inflation forecast this year. However, this currency turned down immediately afterwards.