EUR/GBP likely to benefit from a dovish BoE statement – Danske Bank
Next Thursday, the Bank of England will announce its decision on monetary policy. Analysts at Danske Bank expected the central bank to hike the Bank Rate by 50 basis points. They see the cycle ending in March with a 25 bps hike. They argue that next week the dovish communication from the BoE should send […]
What’s priced in for the central bank meetings next week
We saw the Bank of Canada signal a shift to the sidelines this week but that’s not likely to be the case with the trio of major central banks due to weigh in next week. First up is the FOMC decision on Wednesday and the market isn’t pricing in any drama around Powell and the […]
Dollar skulks at eight-month low, central bank meetings in focus By Reuters
© Reuters. FILE PHOTO: Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) – The dollar fell to an eight-month low against its peers on Thursday, as a gloomy U.S. corporate earnings season stoked recession fears ahead of a slew of […]
Bank of Canada is to set back Loonie. Forecast as of 25.01.2023
2023.01.25 2023.01.25 Bank of Canada is to set back Loonie. Forecast as of 25.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Bank of Canada is about to end its monetary tightening cycle, which sets back the USDCAD even amid the rise in the oil market. Should one sell the loonie versus major currencies? Let’s discuss the market outlook and make […]
Does Yen follow central bank? Forecast as of 23.01.2023
2023.01.23 2023.01.23 Does Yen follow central bank? Forecast as of 23.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ It just happened so that all serious movements in USDJPY were connected with the actions of the Bank of Japan. First, there were currency interventions, then, there were loud statements that forced the pair to change the trend direction. Does the yen […]
Bank of Japan – Minutes of the Monetary policy Meeting on December 19 and 20, 2022
The decision to expand the tolerance for the 10-year JGB yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which […]
Economic calendar in Asia – Bank of Japan December meeting minutes
The December Bank of Japan policy meeting was a doozy. The Bank widened its YCC tolerance band after weeks and months of saying they’d do nothing of the sort. Link to the statement, impact, and reverberations through markets that day: We’ll learn more from the publishing of the minutes of that meeting. These are due […]
Inflow in gold ETFs drops 90% in 2022; asset base, investors account grow
Inflow in gold exchange traded funds (ETFs) plunged by 90 per cent to Rs 459 crore in 2022 due to rising prices of yellow metal, increasing interest rate structure coupled with inflationary pressures. This was way lower than an inflow of Rs 4,814 crore seen in the segment […]
USD/JPY set to decline toward 125 over the coming months – Danske Bank
The Yen saw a boost from the BoJ initiating the beginning of the end to its Yield-Curve-Control. Economists at Danske Bank expect the USD/JPY pair to edge lower towards the 125 over the coming months. Tightening cycle commencing “Japanese monetary policy has taken over as a key driver of USD/JPY, while global inflation, bond yields […]
Japanese Yen Dips as JGBs Retreat from Bank of Japan Cap. Where to for USD/JPY?
Japanese Yen, USD/JPY, US Dollar, BoJ, China, Fed, FOMC – Talking Points The Japanese Yen appears to have mixed messages for now Chinese New Year on the re-opening could provide stimulus The Fed are maintaining their message. Where will that send USDJPY? Recommended by Daniel McCarthy Get Your Free JPY Forecast The Japanese Yen slipped […]