Joshua

We report below the highlights of the Bank of Japan (BoJ) quarterly outlook reportaccording to Reuters. Main conclusions The Japanese economy is likely to recover as the impact of the coronavirus pandemic and supply constraints abate. Price growth is expected to slow towards the middle of the next fiscal year. Prices will drift higher in […]

In their first monetary policy meeting this year, members of the Council of the Bank of Japan (BoJ) decided not to make changes in the configuration of their monetary policy, maintaining the rates at -10 basis points and the goal of 10-year JGB yield at 0.00%. BoJ Monetary Policy Statement The entity maintains unchanged everything […]

In a speech delivered in Davos late on Tuesday, the Chinese Vice Premier Liu He I affirm that “the country’s growth rate in 2023 is likely to return to normalas companies increase investment and consumption rebounds”. Featured Comments “Beijing welcomes foreign investment and seeks to expand foreign trade as they are strong pillars of China’s […]

The encouraging data from China and the lifting of the strict Covid-19 measures will boost the demand for oil. The weakening of the US dollar favored WTI. WTI Price Analysis: It could go towards the 100 DMA around $83.00. WTI (Western Texas Intermediate) crude oil It is gaining ground and reaching two-week highs above $80 […]

Reuters reported that the head of the Federal Reserve Bank of New York, John Williams, declared Tuesday that the economy works best when everyone has a chance to participate. “An inclusive economy not only helps those who need more or different opportunities, but it boosts the economy as a whole,” Williams said in a keynote […]

UK Unemployment Rate data led to a rally in sterling, with the Bank of England in the crosshairs. GBP/USD is in the hands of the bulls ahead of an hourly trend line ahead of key Consumer Price Index inflation data on Wednesday. GBP/USD bears are watching for a break of the strong trend line support […]

Things to watch out for on Wednesday, January 18: The US dollar maintained its intrinsic weakness on Tuesday and ended the day with losses against its main rivals. The euro it was the worst performing currency, while sterling was the best performer against the USD. On the one hand, the pair EUR/USD fell to 1.0771 […]

Gold points towards $1,900. New York’s Empire State Manufacturing Index slumped, raising expectations of a Fed turnaround. Gold Price Preview: An evening star candlestick pattern suggests further declines are in store. the price of gold Pull back from daily highs near $1,920 and dip below the $1,910 signal, targeting $1,900 amid risk aversion momentum. Despite […]

EUR/USD bears are in control and watch the 38.2% fibonacci retracement which aligns with previous resistance near 1.0720. EUR/USD bears need to break below 1.0770 first. The bulls have seen limited and eyes are on 1.0720 declines continue throughout the week, with price picking up on Tuesday’s supply, helped by ECB policymakers beginning to consider […]

ECB monetary policy makers They are beginning to consider a slower pace of interest rate hikes after a likely 50 basis point hike in February, ECB sources tell Bloomberg. “The energy-driven rapid decline in headline inflation is giving the ECB a breather, but policymakers will remain focused for now on lingering core pressures. If, as […]