Japanese yen holds slightly higher after a more hawkish hold by the BOJ
The BOJ policy decision earlier sees USD/JPY drop back from around 159.50 to sit closer to the 159.00 level currently. The central bank opted to maintain the short-term interest rate…
Read More »Iran foreign minister says to continue talks with Oman on Strait of Hormuz
This ties back to the earlier headline, where Araghchi spoke about “important discussions” with Oman on the Strait of Hormuz. He now says that Iran and Oman have agreed to…
Read More »Oil prices continue to ramp higher as market optimism fades again
It’s been the case for a few weeks now. We start the week with some sense of renewed optimism only for it to be dashed through the coming days and…
Read More »Everything that Trump hates is what is happening in markets
What a scintillating start to the new week this is. Oil prices have surged by well over 20%, poised for its largest one-day gain on record. And we’re talking about…
Read More »Spain January services PMI 53.5 vs 56.6 expected
Prior 57.1 The good news is that Spain’s services sector continues to maintain growth conditions to start the year. However, there is a notable downshift with the reading here well…
Read More »Japan MOF faces a tall order in getting any yen intervention to stick – MUFG
MUFG notes that the latest rise in USD/JPY this week paints a similar picture to what we saw back in July 2024, when Tokyo last intervened in the market to…
Read More »Switzerland December manufacturing PMI 45.8 vs 49.7 prior
Swiss manufacturing activity slumped hard towards the end of last year, with both output and new orders struggling and dipping further. A point to note as well is that employment…
Read More »Is the Santa Claus rally a real thing for stocks?
If you ask around, most people would’ve heard the term Santa Claus rally in markets. There’s always that feeling that stocks will perform better as we get towards the end…
Read More »Italy November preliminary CPI +1.2% vs +1.3% y/y expected
Prior +1.2% HICP +1.1% vs +1.3% y/y expected Prior +1.3% Slight delay in the release by the source. This article was written by Justin Low at investinglive.com.
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