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Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and only few with high risks associated. Data released so far – Australia – Import price index declined -3% in first quarter while export prices have -4.7...
FxWirePro: USD/SGD Hovers Around Key Support at 1.3488, a Break Below Targets 1.3420 USD/SGD is currently trading around 1.3490 marks. It made intraday high at 1.3507 and low at 1.3459 levels. Intraday bias remains bearish till the time pair holds initial resistance at 1.3561 levels...
EUR/GBP Capped Below 0.7800, Awaits German CPI The cross in the EUR/GBP eases slightly from highs just shy of 0.78 handle, although remains better bid amid modest gains seen in the EUR/USD pair. EUR/GBP: German CPI in focus Currently, the EUR/GBP pair trades 0.06% higher at 0...
USD/JPY Sees Fresh Selling as Europe Gets Underway A renewed bout of selling interest gripped the USD/JPY pair in early Europe, as markets now await BOJ Kuroda’s press conference for fresh insights on today’s policy decision...
AUD After Weak Q1 CPI Inflation - Nomura Charles St-Arnaud, Research Analyst at Nomura, notes that the Australian CPI inflation came in weaker than expected, showing moderating inflation, especially domestically...
EUR/USD Advances to 1.1340 Amid BOJ-Led USD Sell-Off EUR/USD remains better bid on 1.13 handle as we progress towards the early European trades, with markets still digesting the Fed and BOJ policy decisions. EUR/USD finds fresh bids just shy of 1.1300 Currently, EUR/USD trades +0.13% higher at 1...
RBNZ Keeps Rates Unchanged - Nomura Charles St-Arnaud, Research Analyst at Nomura, suggests that the continued weakness in the inflation outlook forced the RBNZ to leave the door open for a cut in June. Key Quotes “The RBNZ kept its policy rate unchanged at 2...
Gold rose for a third straight session on Wednesday, but pared gains after the U.S. Federal Reserve held interest rates unchanged but left the door ajar to a hike in June. The U.S...
The U.S. dollar erased a brief rally and retraced modest losses against the euro on Wednesday, hitting a nearly one-week low against the currency in the process, after a Federal Reserve statement reinforced expectations for just two interest rate increases this year. The U.S...
FxWirePro: JPY Strengthens Across the Board As BoJ Stands Pat, Sell AUD/JPY Rallies, Target 81.75 The Japanese Yen spiked across the board as Bank of Japan disappointed by markets big time by keeping its monetary policy unchanged...
Fed Offered No Fireworks - Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that the Fed left rates unchanged yesterday with one dissenter again voting for a rate hike...
Nikkei Slumps 3% on BOJ’s Inaction, Drags Rest of Asia Lower The stocks on the Asian bourses reversed course dramatically after BOJ’s monetary policy decision disappointed markets and dampened investors’ sentiment. Japan’s Nikkei witnessed heavy selling and drove most major Asian indices lower...
FxWirePro: USD/KRW Hovers Just Above 1142, Intraday Bias Remains Bearish USD/KRW is currently trading around 1143 levels. It made intraday high at 1148 and low at 1141 levels. Intraday bias remains bearish till the time pair holds key resistance at 1153 levels...
FxWirePro: USD/JPY Slumps As BoJ Disappoints Markets With No Change in Policy USD/JPY slumped from around 111.70 levels to 108.74 after Bank of Japan decided to stand put, keeping the policy unchanged, with the interest rate at -0.1...
AUD/JPY: AUS CPI, BoJ 'Double Whammy' for Sellers Traders short AUD/JPY continue to celebrate this week's volatile moves in the market, with today's BOJ-induced sell-off in the pair adding to the losses seen 24h ago when the Australian CPI Q1 came shockingly low...
EUR/JPY: Nasty 300-Pips Fall as BOJ Stands Pat The cross in the EUR/JPY halted more than 300-pips free-fall to near 123 handle following BOJ’s unchanged monetary policy stance, which bolstered the JPY bulls across the board. EUR/JPY re-takes 124 handle The EUR/JPY pair now drops -1.78% to 123...
USD/JPY: Yen Jumps Over 2% as BOJ Keeps Policy Steady The USD/JPY pair slumped fresh weekly lows below 109 handle after the BOJ disappointed by markets big time by keeping its monetary policy setting unadjusted...
BOJ Disappoints, No change in Policy The BOJ has decided to stand put, keeping the policy unchanged, with the interest rate at -0.1...
NZD/USD Reverses Post-RBNZ Rally, Flirts with 0.6900 The NZD/USD pair retreats nearly half the RBNZ-led rally and now wavers around 0.69 handle as markets come to terms with an outrightly dovish RBNZ stance at its policy meeting earlier today...
