Chart_MasterPro

Chart_MasterPro

The 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...

Chart_MasterPro

It’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...

Chart_MasterPro

After 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,...

Chart_MasterPro

Today, 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...

Chart_MasterPro

Chairman Jerome Powell said the Fed wants to keep interest rates unchanged at its next meeting, while leaving open the possibility of raising interest rates again in the future if policymakers see more signs of a resilient economy. . These comments confirm market expectations that the Fed will not raise interest rates at its October 31-November 1 meeting. He also...

Chart_MasterPro

Asia Pacific markets are expected to continue to decline at Friday's open, weighed down by Wall Street's decline in response to stronger-than-expected labor data and mixed comments from the Bureau. Federal Reserve. As of 9:50 a.m. AEST (11:50 p.m. GMT), the S&P/ASX 200 index was down 1.4%, while Nikkei 225 futures also showed a lower open with a loss of 70...

Chart_MasterPro

“CHF is now becoming an attractive funding currency,” said Kit Juckes, chief FX strategist at Societe Generale London. SNB officials are wise enough to know that not meeting a rate hike from the ECB won't help the franc, but I'm sure they feel comfortable as long as it doesn't go too far.” The SNB decided to keep interest rates unchanged at 1.75% amid concerns...

Chart_MasterPro

A 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,"...

Chart_MasterPro

According to the Organization for Economic Co-operation and Development (OECD), the UK is the only G7 country whose inflation rate is still rising. The UK's consumer price index (CPI) rose by 7.9% in May over the same period, up slightly from 7.8% in April, according to the OECD. Meanwhile, the remaining G7 countries, including the United States, Canada, France,...

Chart_MasterPro

Bitcoin faces resistance at $2,000 Whether buyers will maintain the bullish momentum, pushing Bitcoin to key resistance levels at $30,000 and $32,000 in the near term remains to be seen. Looking at the candlestick arrangement in the daily chart, swing traders can consider a retest of the October 16 high as the first target. Further trend continuation could lift...

Chart_MasterPro

The 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...

Chart_MasterPro

Banks 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,...

Chart_MasterPro

The CAD's fall reflects a bearish market bias based on the likelihood that the central bank will continue to raise interest rates: British Pound to Canadian Dollar exchange rate under pressure as Canada unleashes inflation thanks to some lower-than-expected UK payroll figures, but it recovered to trade steady on the day at 1.6617.

Chart_MasterPro Updated 

As long as the Bank of Japan tries to keep its interest rates as low as they are, the Japanese yen will be one of the least favorite currencies by traders to own. With the massive interest rate differential, you get paid to hang on to this pair, and I think that will end up being one of the major drivers of where we go next. In other words, it just makes more...

Chart_MasterPro

GBP/USD remains stuck near the 1.2200 level as traders wait for additional catalysts. Interestingly, rising Treasury yields did not put pressure on GBP/USD. If GBP/USD settles above 1.2200, it will move towards the next resistance, which is located in the 1.2370 – 1.2410 range.

Chart_MasterPro

Most Asian currencies fell slightly on Tuesday as demand for the dollar remained steady ahead of several key US economic indicators this week, while sentiment also remained at jittery levels. Israel-Hamas war. Data on US retail sales and industrial production will be released later in the day, while a host of Federal Reserve members will speak this week, most...

Chart_MasterPro

Most Asian currencies fell slightly on Tuesday as demand for the dollar remained steady ahead of several key US economic indicators this week, while sentiment also remained at jittery levels. Israel-Hamas war. Data on US retail sales and industrial production will be released later in the day, while a host of Federal Reserve members will speak this week, most...

Chart_MasterPro

The yen hit a two-week low of 109.98 yen against the Japanese yen. The yen fell to 182.49 against the franc and from an initial high of 166.11 against the pound and 165.39 against the pound, and a 10-day high of 181.16. The yen fell to 157.98 yen against the euro and 149.76 yen against the dollar, below the six-day high of 156.98 yen and four-day high of...