Joshua

“Chinese regulators have asked banks to report their ability to meet short-term obligations after a rapid sale of bonds triggered a spate of investors withdrawing from fixed income products.according to people familiar with the matter,” Bloomberg reported early Thursday morning. The news has also mentioned that the unscheduled regulatory consultations coincided with the biggest slump […]

“The stability of the financial market is the most important factor to take into account at the time of exit“, the executive director of the Bank of Japan (BOJ), Shinichi Uchida, mentioned early on Thursday. The senior BoJ official has also mentioned that a rate hike before the balance sheet adjustment is possible in an […]

“Calibrating China’s zero-COVID strategy to mitigate the country’s economic impact will be critical to sustaining and balancing the recovery“Gita Gopinath, first deputy managing director of the International Monetary Fund (IMF), said at the Caixin Summit on Thursday. Gopinath has also added, through a video call, that in the case of China, inflation and weakening growth […]

In the last Monetary Policy Report for the third quarter, published on its website, the People’s Bank of China (PBoC) states that “will monitor the potential for rising inflation, especially changes on the demand side, and will continue to consolidate the favorable conditions for the increase in national cereal production and the proper functioning of […]

The Australian Bureau of Statistics’ unemployment rate release has exceeded expectations, as has employment and full-time employment data, which are as follows: Change in employment: +32,200 (versus +15,000 expected). Unemployment rate: 3.4% (versus 3.6% expected). Full-time employment: +47.100 s/adj. Participation rate: +66.5%, s/adj (Reuters poll: +66.6%). On Australian employment data The Australian Bureau of Statistics […]

Gold price has moved away from trend line supports and is hovering above Tuesday’s lows. The 100% widening of the current consolidation range is set at $1,750 as the initial target. Gold is currently trading at $1,774.20, up 09.23%. It stalled on Wednesday, falls through a bearish structure as yesterday’s lows at $1,767.13. The yellow […]

NZDUSD bulls eye further US dollar weakness. Technical data points to the downside if it breaks below 0.6130. The NZDUSD It could go to the top based on the charts below, but it was a quiet day in the middle of the week in financial markets. The price is hovering around 0.6150, between the overnight […]

USDJPY is in a coil and could be about to continue lower. US dollar bulls point to a correction towards 108.00, DXY. The USDJPY it is relatively sideways on the session after falling from a high of 140.29 to a low of 138.72, and is now trading again at 139.30. The dollar has been under […]

Things to look out for on Thursday, November 17: The US dollar picked up some strength in the last trading session of the day, ending the day mixed across the currency board. The dollar benefited from worsening sentiment following Tuesday’s events in the Ukraine-Russia war, but also some fresh macroeconomic news. The former President Donald […]

Mixed US economic data prevented EURUSD from holding above 1.0400. The US Retail Sales report crushed expectations for further rate hikes from the Federal Reserve. According to Reuters, European Central Bank policymakers will raise rates by 50 basis points at their December meeting. If the EURUSD does not register a daily close above 1.0400, the […]