Joshua

He President of the Swiss National Bank (SNB), Thomas J. Jordanintervenes in the General Meeting of Shareholders of the SNB, pointing out that the central bank will monitor inflation closely and adjust policy again when necessary. Featured Statements The SNB has been successful in fighting inflation. Uncertainty remains high, disruptions can occur at any time. […]

Here's what you need to know on Friday, April 26: The Japanese Yen (JPY) remains under downward pressure and is trading at its weakest level in over three decades against the US Dollar following the Bank of Japan's (BoJ) decision to leave monetary policy settings unchanged. Later, the United States Bureau of Economic Analysis will […]

The underlying Personal Consumption Expenditure (PCE) Price Index will increase 0.3% monthly and 2.6% annually in March. Markets see a strong chance that the Federal Reserve will keep the official interest rate unchanged in June. The markets' reaction to these data could be ephemeral. On Friday, at 12:30 GMT, the US Bureau of Economic Analysis […]

At the press conference after Friday's monetary policy meeting, the Governor of the Bank of Japan (BoJ), Kazuo Uedadeclared that the Bank “will adjust the degree of monetary easing if the underlying inflation rate increases“, and added that “for now, accommodative financial conditions will remain.” The BoJ kept the interest rate at 0% after the […]

The Japanese Yen weakens in general after the announcement of the BoJ policy decision. A lack of action by Japanese authorities and a softer-than-expected Tokyo CPI are also putting pressure on. Traders are eagerly awaiting the release of the US PCE Price Index. During the Asian session on Friday, the Japanese Yen (JPY) came under […]

He Bank of Japan (BoJ) has decided not to change its interest rates at the April meeting, after raising them 10 basis points in March. Rates remain at 0%, in line with expectations. Yen reaction The Japanese Yen has weakened after the statement. USD/JPY has risen strongly in recent minutes, jumping from the 155.40 area […]

The daily RSI shows strong buying momentum for NZD/JPY, moving deep into positive territory. In parallel, the daily MACD shows green bars in an uptrend, suggesting growing buying traction. A potential market correction could be imminent as the daily RSI reaches near overbought conditions. A slight decline in the hourly indicators signals a buying pause, […]

GBP/USD gains more than 0.40%, bouncing off daily lows after US economic growth in the first quarter disappointed expectations. Mixed signals from the US economy support the rise of the British Pound. Technical Outlook: Key resistance at 1.2559 with potential to reach April 9 high at 1.2709 if bullish momentum continues. The British Pound resumed […]

GBP/JPY approaches multi-year highs as Yen weakens further. The chances increase that the BoJ's verbal intervention will translate into real intervention. Tokyo CPI inflation and BoJ rate call heading into Friday. The GBP/JPY pair reached new multi-year highs on Thursday, as the pair approaches the 195.00 level. The Japanese Yen (JPY) continues to weaken in […]

Gold rises after knowing the US GDP figures for the first quarter that were worse than expected. The sharp rise in first-quarter inflation to 3.7% tempers expectations of immediate Fed interest rate cuts and underpins the rise in Treasury yields. Fed officials maintain a cautious stance on monetary policy, echoing concerns about persistent inflationary pressure. […]