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EURJPY When Japan Ends Negative Exchange Rate Policy, Treasury WA majority of the 315 respondents said that the Bank of Japan will end its unprecedented policy of keeping interest rates below zero in the first half of 2024. The move marks the end of a bold experiment Japan began in 2016. The experiment has recently put Japan at odds with other major central banks, which have aggressively tightened monetary policy to fight inflation. What the Bank of Japan does and when it does it will affect global markets. The biggest outcome, according to MLIV Pulse respondents, is further disruption of large amounts of government debt. Higher yields in Japan would encourage Japanese investors, who own large holdings of U.S., European and Australian government bonds, to repatriate their funds.
Long
by Chart_MasterPro
GBPJPY All data suggests a flag pattern is formingThe USD/JPY currency pair hit its highest weekly closing price in more than 20 years. However, he was unable to close his trade above the big round . This number is clearly a major stumbling block and is being defended, as seen by the decline in volatility as price approaches this number. This may be an important point. A breakout to the upside is more likely than a reversal to the downside, and it can be explosive because it takes time to occur.
Long
by Chart_MasterPro
2
GBPUSD UK experiencing stagflationThe pound exchange rate experienced considerable turmoil last week following the release of weak statistics. The latest blow was Friday's lower-than-expected retail sales and the result of a by-election. I'm not sure if UK politics is playing a big role at the moment so I won't delve into that right now, but last week's retail sales figures spoke for themselves, especially after inflation was higher than expected. What the data actually shows is that inflation in the UK is not currently driven by demand. Therefore, we see a drop in demand and a rise in prices, which is known as stagflation. This puts the BoE in a difficult position, as it is not as simple as raising interest rates to curb inflation, and other factors need to be considered. The Bank of England's decision in November is expected to leave interest rates at least on hold, but a modest 25 basis point rise is also expected.
Short
by Chart_MasterPro
3
GBPJPY Overall inflation has declined, but some factors appear to be persisting. The latest figures from the Office for National Statistics show that inflation across the UK is falling. The consumer price index in September was 6.7% and has been stable since August. The largest monthly change was due to lower food and beverage prices, with gasoline and diesel contributing the most to upward pressure on inflation. Markets currently believe that the Bank of England is likely to keep interest rates unchanged at 5.2% at its next meeting in November. However, Pill stressed that ``(the Bank of England's) duty is not to reduce inflation,'' adding, ``It is important that we achieve the 2% target in the long term and sustainably.'' "We still have a lot of work to do," he added. We should do it to get back to 2 percent. ” UK inflation remains the highest among G7 countries. In the longer term, there are signs of a "more persistent component of inflation," with "parts of inflation lasting for 18 months to two years."
Long
by Chart_MasterPro
EURUSD Good developments for tradersSince August, the market has not priced in a full rally into the November-December session. At the end of August, the probability of an increase in November was 70% (currently down to 10%). of The probability of a rate hike in December has fluctuated between 30% and 55% since the end of August. Yes, WIRP has shifted further outside the curve (allowing for fewer cuts). But the reality is: There's another reason the 30-year Treasury yield rose to 5% in October from 3.8% in July. FRB.
Long
by Chart_MasterPro
EURJPY The yen may continue to declineInternational Monetary Fund (IMF) officials said that the yen's depreciation could further worsen as a result of the negative interest rate policy. “As for the yen, we believe exchange rates are influenced by fundamental factors. As long as interest rate differentials persist, the yen will be under downward pressure,” said Sanjaya Panth, IMF deputy director for Asia and the Pacific. He spoke on the 14th of the month. Japanese officials are under fresh pressure to prevent further depreciation of the yen. Investors now expect US interest rates to remain high for an extended period of time, while Japan will continue its negative interest rate policy. However, the IMF believes that intervention only makes sense when there are severe market abnormalities, an increased risk of financial instability, or sudden changes in inflation expectations. Asked whether the recent depreciation of the yen had prompted authorities to intervene, he said: "I don't think there are any of these three cases."
Long
by Chart_MasterPro
EURJPY The increasing trend is quite strong. Resistance can be rThe next phase of the Digital Euro project, the preparatory phase, will begin on November 1, 2023 and initially last for two years. This includes defining the rules for a digital euro and selecting providers that can develop the infrastructure and platform for a digital euro. This also includes testing and experimentation to develop a digital euro that meets both Eurosystem requirements and user needs, for example in terms of user experience, data protection, inclusive finance, and environmental footprint. . The ECB will continue to work with the public and all stakeholders during this period. After two years, the Council will decide whether to proceed with the next preparatory steps that will pave the way for the issuance and launch of a future digital euro.
Long
by Chart_MasterPro
EURUSD Many disadvantages for the USDIt’s been an abnormal week for the US Dollar so far. While the bullish trend took over for much of the past three months, the current weekly bar is showing as an inside bar with the entirety of this week’s range contained inside of the prior week. This isn’t necessarily abnormal, but it does speak to the overbought nature of the move as we came into the month of October and for the past two weeks, bulls have been unable to push up to a fresh high to continue that move, even with some strong data in the form of a Non-farm Payrolls report and a very strong outing for retail sales earlier this week. But there is great potential next week
by Chart_MasterPro
2
GBPCAD The UK economy is recovering stronglyAfter increasing 1.9% month-on-month in August, the IPPI rose 0.4% month-on-month in September. Energy and petroleum product prices rose 3.7% month-on-month in September, leading to an increase in the IPPI. Price movements for refined products were mixed. Diesel prices rose by 7.0% and gasoline prices fell by 2.3%. Crude oil, the raw material for these products, rose 9.9%. The rise in diesel fuel prices was also due to low distillate stocks in the United States and Europe. On September 21, Russia announced temporary restrictions on diesel and gasoline exports, which also contributed to the rise in global diesel prices.
Long
by Chart_MasterPro
GBPJPY Inflation in Japan is getting worse and won't stopToday, October 20, the Japanese government will begin a meeting expected to last almost two months to decide on a number of new policies, including those related to economic stimulus. In particular, opposition parties are proposing economic stimulus measures such as providing 30,000 yen in cash to low- and middle-income households. The meeting is considered extremely important for Kishida's administration, as his approval rating is at its lowest level since he took office. The policies he advocates are likely to determine his re-election.
Long
by Chart_MasterPro
GBPCAD The UK economy is gradually stabilizingA recent survey by market research firm Ipsos found that two-thirds of Canadian respondents have given up on plans to own a home. Additionally, three-quarters believe that buying a home is a privilege for the wealthy. And 71% said the real estate crisis is still ongoing. "The dream of homeownership is becoming a nightmare for an entire generation of Canadians," said Sean Simpson, vice president at Ipsos. The Ipsos survey surveyed Canadians of all ages, including those who already own a home. Sean Simpson said the results reflect Canada's attitude that homeownership is becoming increasingly unaffordable, especially for young people. Federal government data also suggests younger Canadians may be leaving the housing market. According to a Statistics Canada report last week, outstanding mortgage debt is
Long
by Chart_MasterPro
CADCHF CANADA's inflation is decreasing slightlyThe Canadian Dollar fell against the majority of G10 currencies following the release of data that showed inflation in Canada was slowing faster than economists expected. Canadian CPI inflation rose 3.8% year-on-year in September, said Statistics Canada, which makes for a sharp decrease from 4.0% in August and was below expectations for a reading of 4.0%. The month-on-month change stood at -0.1%, which was below expectations for 0.1% and 0.4% recorded in August. Meanwhile, Core CPI was down 0.1% m/m in August (2.8% y/y), while the trimmed CPI measure was at 3.7% y/y, below the 3.8% expected by markets and 3.9% previously.
Long
by Chart_MasterPro
CADJPY Recovery of currency exchange after inflationBanks and financial institutions buy and sell currencies with each other - these large institutions are the 'market' and the rate they trade at is the 'market rate'. The difference between the amount being bought and sold is the spread, which is essentially the difference between the buy and sell price. However, when currency is sold by banks to retail customers, the spread increases significantly and the profit from the transaction is therefore significantly larger. Therefore, when we focus on money transfer fees when sending money abroad, we often ignore the biggest cost: exchange rate differences.
Long
by Chart_MasterPro
UFP Industries (UFPI) Surpasses Market ReturnsUFP Industries (UFPI) closed at $101.32, marking a +0.67% move from the previous day. This change outpaced the S&P 500's 0.63% gain on the day. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw an increase of 0.39%. Coming into today, shares of the wood and materials provider for the construction industry had lost 0.76% in the past month. In that same time, the Construction sector lost 6.52%, while the S&P 500 lost 3.39%.
BER:UF3Long
by DEXWireNews
Gold opportunity On NFPGold is waiting for NFP to come as its consolidating under 1931 to 1820 level and we can see a potential to either side but possibly gold will fall to 1800 level that all buy orders will be settled under 1820 level and to run the market , market makers need the money and they will try hit SL of maximum traders under these levels so we will be seeing a potential downwards move that gold is not in any clear direction We will consider gold on bullish side when it will break above 1931 level and put our order other wise our confluance is all set for sell That the price is hovering under these levels the 2nd confluence is price is trading under 200EMA and no sign of revesal
OANDA:XAUUSDShort
by Wakeel_Saab
Market Update - September 29 2023 Bipartisan Group in Congress urges spot Bitcoin ETF approval as SEC punts: Bitcoin saw a mid-week bump as a bipartisan group of Congressmembers urged SEC chair Gensler to immediately approve a Bitcoin ETF. The SEC delayed a number of spot ETF application decisions as a US government shutdown looms. By the end of the week, bitcoin was trending higher, sitting above FWB:27K USD. MicroStrategy adds to its bitcoin coffers with purchases totalling ~$150 million: MicroStrategy, one of the largest bitcoin holders, bought 5,445 bitcoins for ~$147.3 million USD, at an average price around $27,053 USD. The purchases were made between August 1 and September 24. The company said it was considering buying even more. Leading NFT brand Pudgy Penguins to sell toys at Walmart: Pudgy Toys collection will be available in 2,000 Walmart stores across America. Each toy comes with a QR code, which once scanned gives the user access to the online virtual Pudgy World. Curve had a solid week as its founder closed out debt positions on Aave: Curve (CRV) rallied this week, trading up 17%, after Curve founder Michael Egorov paid off his entire debt position on the DeFi lending protocol Aave. ➡️ Read more here
GEMINI:BTCUSD
by Gemini