Dow Jones Dragged Down by Goldman Sachs, Nikkei 225 at Risk to Bank of Japan
Dow Jones, Goldman Sachs, Nikkei 225, Bank of Japan – Asia Pacific Market Open Dow Jones 100 underperforms the S&P 500 and Nasdaq 100 Disappointing Goldman Sachs earnings sink financial stocks Nikkei 225 vulnerable with traders awaiting the Bank of Japan Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Asia-Pacific Market Briefing – Goldman […]
USD/JPY above 131.20 after the earlier no change Bank of Japan statement
<p>The Bank of Japan left policy untouched:</p><p><a href="https://www.forexlive.com/centralbank/boj-announces-no-change-to-jgb-yield-band-20230118/" target="_blank" rel="follow" data-article-link="true">BOJ announces no change to JGB yield band</a></p><p>The yen response was instant:</p><p><a href="https://www.forexlive.com/centralbank/usdjpy-and-yen-crosses-have-soared-after-the-boj-leaves-policy-untouched-20230118/" target="_blank" rel="follow" data-article-link="true">USD/JPY (and yen crosses) have soared after the BOJ leaves policy untouched</a></p><p>And the slamming continues:</p><p>Government bond yields across the globe have dipped on the announcement. </p> This article was written […]
Japanese Yen Crushed as Bank of Japan Disappoints, Policy Settings Left Unchanged
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Russia’s central bank sold $47 million worth of Chinese yuan on Jan. 13 By Reuters
© Reuters. Banknotes of Chinese yuan and Russian rouble are seen amid flags of China and Russia in this illustration picture taken September 15, 2022. REUTERS/Florence Lo/Illustration (Reuters) – Russia’s central bank said on Tuesday that it sold almost $47 million worth of on January 13 to buy roubles, as it began to make up […]
Bank of Canada appoints Nicolas Vincent as deputy governor
Nicolas Vincent The Bank of Canada appointed a Montreal professor as its latest Depute Governor. He will have a seat on Canada’s governing council. He will fill a two-year term in the newly-created external, non-executive Deputy Governor position. In creating the new position, the BOC said it wanted to “ensure a diversity of perspectives, thought […]
JPMorgan, Bank of America beat on top and bottom lines, Bank of New York Mellon misses on revenue
Banks started the earnings season off on solid footing. JPMorgan beat on top and bottom lines for Q4. Bank of America beat EPS consenus by about 10%. Bank of New York Mellon stock fell on a revenue miss. A flurry of banks fired the starter pistol of earnings season early on Friday. JPMorgan (JPM) and Bank […]
The yen is screaming about the risks around the Bank of Japan
I’m shocked at the lack of commentary around next week’s Bank of Japan meeting and how that’s reverberating through markets. The Bank of Japan decision is Wednesday (late Tuesday US time) and the FX market is screaming that risks around it are rising. There have been persistent reports of the BOJ boosting its inflation forecasts […]
Deutsche Bank revises German 2023 GDP forecast to 0% from -1.0%
You don’t need to look around markets for long to see signs that sentiment around Europe has improved and now Deutsche Bank is quantifying it. Economists there have boosted their 2023 eurozone GDP forecast to 0% from -1.0% at year end. They note that Germany performed surprisingly well in 2022, growing 1.9% despite the industrial […]
Dollar Breaks But S&P 500 Can’t Overcome 200-Day Average After CPI, Bank Earnings Ahead
S&P 500, Dollar, CPI, Yields and Earnings Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDCNH Bearish Below 7.0000 US inflation contracted slightly in December which pulled the year-over-year CPI down to 6.5 percent; but that wasn’t enough to drive the S&P 500 through its 200-day SMA With US bank earnings on […]
Japanese Yen Gains as Breaking Story Hints at Further Bank of Japan Policy Tweak
Japanese Yen, USD/JPY, Bank of Japan, US CPI – Asia Pacific Market Open Japanese Yen gains as breaking story hints at further BOJ policy tweak Follow-through may be difficult to achieve until after US CPI data passes USD/JPY falls, but key support zone remain, pausing the downtrend Recommended by Daniel Dubrovsky Get Your Free JPY […]