The cat is out of the bag and Taiwan is not shying away. Taiwan’s premier, Su Tseng-chang, is saying that they are welcoming visits by any foreign guests and that the government will make...
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AUD/USD Forex Signal: More Gains Possible Ahead of RBA Decision
Bullish View Buy the AUD/USD pair and set a take-profit at 0.7100. Add a stop-loss at 0.6950. Timeline: 1-2 days. Bearish View Set a sell-stop at 0.6950 and a take-profit at 0.6850. Add a...
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US DOLLAR INDEX: BEARS LEAD THE WAY TO THE 105.60 REGION AHEAD OF US ISM
The index extends the bearishness to the 105.60 region. The better tone in the risk complex put the dollar under pressure. Final Manufacturing PMI, ISM Manufacturing PMI next on tap. The greenback, in terms...
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Stalled Minimum Wage Talks in Japan resume Monday, 30 yen rise being considered.
Japan’s Labor ministry says talks will resume today. A subcommittee of the Central Minimum Wages Council, which advises the labor minister, will meet to discuss minimum wages for fiscal 2022, which started in April....
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USD/JPY: Incremental Gains as Storm of Volatility Lies Ahead
The USD/JPY has produced almost seemingly polite incremental gains the past two days of trading and is approaching intriguing short term resistance. Speculators watching the USD/JPY may perceive the USD/JPY has demonstrated rather tranquil...
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People’s Bank of China mobilizing US$148bn property developer bailout
Headlines via Reuters. Adding: PBOC will initially issue circa CNY200bn of low interest loans, rate around 1.75, to state commercial banks banks to use the PBOC loans along with their own funds to refinance...
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Dow Jones Technical Analysis: Trying to Drain its Overbought
The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses in its last sessions, by -0.71%. It lost the index by -228.50 points and settled at the end of trading...
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European equities open slightly higher to start the day
Eurostoxx +0.3% Germany DAX +0.4% France CAC 40 flat UK FTSE +0.4% Spain IBEX +0.4% This chips away at some of the losses to start the new week, with the mood helped by a...
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USD/JPY Forecast: USD Recovers Against Japanese Yen
The USD/JPY currency pair rallied a bit Monday as the Japanese yen recovery has stalled. At this point, the ¥136 level is an area that a lot of people will pay attention to. If we were...
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US economic data due on Tuesday are expected to all show lower than previous readings
The Federal Open Market Committee (FOMC) begins its 2-day meeting today, Tuesday 26 July 2022. Although the data releases in the US coming up today are all minor tier only, expectations for all of...
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