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The Japanese yen in pair with the US dollar remains in a weak position. The current USDJPY exchange rate stands at 147.82. Much of the market’s attention is riveted on the potential interventions by the Bank of Japan and the government. Yesterday, one of the monetary policymakers, Takehiko Nakao, acknowledged the necessity for regulatory intervention. […]
Aussie on the Up The Australian Dollar is turning higher today on the back of a hawkish set of RBA minutes. The minutes, released overnight, showed that the RBA considered hiking rates again this month but ultimately decided to allow more time to assess the impact of recent tightening on the economy. This marks the […]
On Tuesday, EURUSD continues to rebound from the lower boundary of the current bearish trend amid positive inflation signals and a slowing rally in oil prices: The final assessment of inflation in the EU for August revealed that core inflation remained unchanged, but overall inflation was revised down by 0.1% from the previous estimate to […]
Crude Continuing Higher Crude oil prices continue to rally this week with the market breaking out to fresh highs for the year. The market has been firmly bullish on the back of the recent news that Saudi Arabia and Russia will extend their supply cuts through year end. The tow two producers, which effectively head […]