Category: Forex
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RBA and BoJ Policies Unchanged, Canadian CPI Inflation Numbers Revealed
RBA Keeps Cash Rate Steady at 4.35% In line with expectations, the RBA has maintained the Cash Rate at 4.35%, following a 25bp increase in October. The decision comes after a cooling inflation rate of 4.9% YoY for October and a rise in Aussie unemployment to 3.9%. Market participants will closely monitor the next quarterly […]
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Asian Currencies Steady as Dollar Hits Four-Month Lows, Fed Rate Cuts Expected
Australian Dollar Rises as Japanese Yen Stabilizes The Australian dollar, a key indicator of Asian risk sentiment, has risen by 0.3% to reach a high of over four months. At the same time, the Japanese yen has stabilized near its four-month high against the dollar, following a significant appreciation in recent trading sessions. The future […]
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Central Banks in Europe Send Mixed Signals as Euro Holds Gains, Pound Rises
Fed’s Dovish Stance and Market Expectations Athanasios Vamvakidis, the global head of G10 FX strategy at BofA Global Research, commented on the Fed’s dovish approach, stating that the market was expecting three rate cuts in the 2024 projections. However, Powell reinforced this stance with a very dovish tone, leading to a decrease in the US […]
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Focusing Beyond RSI: Why Multiple Indications Are Key for Accurate Trading Decisions
Significance of the Initial RSI Buy Signal In the search for the final bottom in October 2008, RSI (Relative Strength Index) played a crucial role. However, it failed to accurately predict the bottom in August and September. The disappointment lies in the initial buy signal observed in August. When people follow the first buy signal, […]
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Cuban Fuel Prices Plummet as Peso Freefalls, Creating a Paradoxical Situation
Peso Depreciation and Purchasing Power In the past year, the value of the Cuban peso plummeted from 170 pesos to 270 pesos against the dollar on the black market, greatly benefiting those in possession of dollars who can afford commodities still priced in pesos, such as fuel. However, for Cubans who solely rely on pesos, […]
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Argentinians Brace for 150% Inflation as New President Implements Shock Therapy Plan
A Bold Policy Push Economy Minister Luis Caputo recently outlined the government’s initial policy push, which involves deep cuts to public spending, a sharp currency devaluation, and reduced energy and transport subsidies. These measures are expected to cause short-term inflation but aim to stabilize the economy in the long run. While the government plans to […]
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GBP Soars as UK Labour Market Strength Boosts Interest Rate Hikes, USD Stumbles on Global Optimism
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]
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GBP and AUD Exchange Rates Fluctuate as Labor Market and Consumer Sentiment Data Impact Currencies
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]
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Pound and Euro see ups and downs in Tuesday’s exchange as employment and economic growth show mixed results
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]
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Economic Turmoil: The Impact of Inflation on the Dow and the Dollar
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]