The Bank of Japan (BoJ) is expected to shift away from its ultra-loose monetary policy, but uncertainty remains regarding the timing of this move. Currently, the silence from the BoJ suggests that monetary policy will remain unchanged in January and possibly through the first quarter of 2024. A recent Reuters Poll revealed that 80% of
Gold futures have recently experienced a decline of 0.51%, equivalent to a decrease of $10.40. Interestingly, this decline is larger in percentage terms compared to the gains witnessed in the dollar. It is crucial to understand the inverse correlation between the strength or weakness of the dollar and the rise or fall of gold prices.
Venezuela’s recent release of 30 U.S. and domestic prisoners, including businessman Alex Saab, in exchange for the freedom of a key ally of President Nicolas Maduro, has presented an opportunity for Maduro to strengthen his political position ahead of next year’s elections. Saab, who had been accused by U.S. prosecutors of embezzling $350 million from
The Australian Dollar (AUD) has gained traction against the US Dollar (USD), breaking above the crucial 0.6700 resistance level. This surge comes after a steady increase from the 0.6620 level. The AUD/USD pair managed to surpass several obstacles, including the 0.6650 and 0.6700 levels, putting it in a positive zone. Examining the 4-hour chart, we
Over the past month, CHFJPY has experienced a slight decline in value. However, it is crucial to assess this setback within the broader context of the currency pair’s overall performance. While there has been a minor loss, the overall picture of CHFJPY remains overwhelmingly positive. It is worth noting that a decisive break below the
The West Texas Intermediate (WTI) price has experienced a series of challenges in recent weeks, with a notable setback caused by unexpected developments in US Crude inventories. This article delves into the intricacies of the oil market, exploring various factors that have contributed to the fluctuations in WTI price and the consequences of global events
The relationship between China and Australia plays a crucial role in the Australian economy and the value of the Australian dollar (AUD). With China accounting for one-third of Australian exports, any changes in demand from China can have significant implications. In this article, we will examine how increased demand from China could be a boon
Investors in Asia are approaching Thursday’s trading session with caution as a late slide on Wall Street overshadowed earlier positive figures indicating a further cooling of global inflationary pressures. Key economic and policy highlights in the region for the day include the Indonesian central bank’s policy decision, consumer price inflation and trade figures from Hong
The US dollar experienced a slight retreat in Wednesday’s trading session as it encountered resistance at the 200-Day EMA. This market is characterized by turbulent behavior, attributed to the struggle of determining which central bank to follow. While the United States central bank has indicated potential rate cuts in 2024, the Bank of Japan failed
The USD/CAD pair is trading on a softer note during the early Asian session on Thursday. After bouncing off the four-month lows of 1.3310, the pair has rebounded to 1.3350. However, the upside of the US Dollar (USD) may be limited due to the anticipation of three rate cuts from the Federal Reserve (Fed). Investors
The Czech National Bank is expected to make its first interest rate cut in over three years, signaling a shift in policy amid slowing inflation and a struggling economy. Market forecasts indicate a rate reduction on Thursday, with the majority of analysts predicting a 25 basis point decrease. This comes after a period of significant
The year 2023 saw an unprecedented surge in consumers investing in annuities, driven by higher interest rates and concerns regarding the stock market and the U.S. economy. According to LIMRA, an insurance industry group, Americans have purchased approximately $360 billion worth of annuities this year, surpassing the previous record of $311 billion set in 2022,