USD/JPY nudges back above 146.00 mark in back and forth trading today

The bounce comes as buyers look to be holding at the 145.00 mark, at least for the time being. That being said, even with the push back above 146.00, it…

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PBOC is expected to set the USD/CNY reference rate at 7.1317 – Reuters estimate

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…

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SOL price prediction in crypto: The balanced, realistic, unbiased outlook

Solana (SOL) price prediction: Bullish vs. bearish scenarios for the future value of SOL The Solana (SOL) cryptocurrency has been one of the most talked-about assets in the crypto space,…

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Barclays forecast the next Bank of Japan rate hike in January 2025 (prior April 2025)

I posted earlier on the view from Nomura, looking for a December 2024 rate hike from the Bank of Japan, even if inflation doesn;t rise! Nomura say around 150 is…

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Reserve Bank of New Zealand decision due soon. Which will it be, a dovish hold or a cut?

The Reserve Bank of New Zealand is at 0200 GMT Wednesday, which is 2200 US Eastern time on Tuesday evening. Earlier previews: Reserve Bank of New Zealand meet today –…

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UK labour market report in focus in the session ahead

Major currencies are keeping lightly changed overall, with smaller ranges still holding so far today. It will be another placeholder session in Europe more or less, as market players are…

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US Abraham Lincoln Carrier Strike Group accelerating towards Middle East

US Defense Secretary Austin spoke to his Israeli counterpart Gallant in a call Austin said he has ordered the USS Abraham Lincoln carrier strike group to accelerate its transit to…

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Broader US stock indices fight for a positive week with less than an hour to go

With less than an hour left to go in trading, the broader stock indices are trying to fight its way to a positive close for the trading week. Both the…

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Fed’s Bowman: Cautious on rate cuts, eyes upside inflation risks

“I am not confident that inflation will decline in the same way as in the second half of last year.” Inflation still “uncomfortably above” 2% target Labor market showing signs…

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A calmer mood set to greet European traders later today

Major currencies are seeing light changes for the most part, with even USD/JPY keeping under a 100 pips range for once in Asia this week. Overall, the dollar is marginally…

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