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Monetary Policy Bonanza: Central Bank Decisions to WatchThis week, three of the world's most watched central banks are scheduled to announce their monetary policy decisions. The Federal Reserve will be the first to make its announcement on Wednesday at 2:00 pm, followed by the ECB on Thursday at 8:15 am, and the Bank of Japan later on Thursday at 11:00 pm (NY time). This convergence of central bank activities may lead to potential trading opportunities. The consensus among analysts is that the Federal Reserve will raise borrowing costs by 25 basis points, bringing the interest rate to 5.25%-5.50%. This rate hike is widely expected, so traders will be more focused on the policy outlook of the Bank. How hawkish or dovish the Bank's stance is perceived to be will likely influence the EUR/USD pair. Because inflation gauges in the US have eased recently, the Fed may hint at potential pauses in future rate hikes. About 18 hours later, the ECB is also anticipated to deliver a 25bps rate increase. Once again, traders will be closely watching the Bank's outlook. While there is a possibility that the ECB may hold back from committing to further tightening, the absence of similar inflation softening in the Euro Area as seen in the US makes this less likely. Looking at the EUR/USD chart, the pair has already slipped below a technical support level at 1.10700, and the psychological level of 1.10500 is now in clear view. Among the three central banks, traders believe that the Bank of Japan is the most likely to surprise the markets. There's speculation that the Bank may make adjustments to its yield curve control policy. If this scenario unfolds, the Japanese yen could attempt a comeback in the currency markets, reversing some of its previous losses against the US dollar and the euro.
by BlackBull_Markets
Nikkei break out? - China's JapanificationThe recent Nikkei rally is bringing it ever closer to that "magical" 30,000 level which it hasn't touched since the late '80s collapse. IFF a breakout occurs, expect a collapse in all XYZ/JPY pairs - since, true to form, every equity/hedge fund in the world is expected to pile in. Internal Chinese (export/import) numbers are showing a fair pick up in exports - post Covid - BUT a very anemic internal demand, with import numbers steadily surprising to the down-side (by a lot!). Simultaneously Japanese heavy industry is racking up some solid numbers lately, especially in regard to steel, automobile and electronic components. All of this is fueled by an abating chip shortage, giving world wide car production a boost. E.g. Watch the Nikkei price action and fully expect a blinding YEN rally should that 30,000 level get blown away!
OSE:NK2251!Long
by Nemo_Confidat
SHORT - EURJPY (H4) (27 May 2023)Swing Trade - EURJPY In Weekly Chart, - Price broke historical high. The danger of it is that it is vulnerable to news and may be over-heated. - Hence, to be on the more conservative side, wait for price to break a zone or TL to know what it will do - Expecting price to come down in future In Daily Chart, - Wait for price to do something. - SHORT opportunities are more probable than more LONG trades - There will be massive pips to gain if price reverse back to SUPPLY zone/s.
Short
by angieh
EURJPY: Despite the alarming inflation figures from Germany and.The EUR/JPY pair extended its losses for the second consecutive day, sliding to 157.40. Strong retail sales data from Japan contributed to the strengthening of the Japanese Yen. Despite hot inflation figures reported in Germany, with CPI rising to 6.4% (compared to the expected 6.3%), and in Spain, with CPI reaching 1.9% (compared to the expected 1.7%), the EUR/JPY pair still faced pressure. However, the increased interest rates in Germany limited the potential depreciation of the Euro.
Long
by Sphyn-Trader
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