Australian Dollar Stumbles Toward Key Yearly Support Amidst Thin Holiday Trading
Australian Dollar Faces Pressure as It Approaches Key Yearly Support As holiday trading causes market activity to thin, the Australian Dollar is nearing critical yearly support levels. With many traders absent during this festive period, the currency has struggled to maintain upward momentum, floating near significant support zones. This pause in market activity has left
AUD/JPY Soars Above 96.50 After BoJ’s December Rate Decision
AUD/JPY Climbs Above 96.50 After BoJ Leaves Rates Unchanged The AUD/JPY currency pair surged above the 96.50 mark following the Bank of Japan’s (BoJ) decision to leave interest rates unchanged in December. This move has had significant implications for the forex market, with traders closely monitoring the BoJ’s stance on monetary policy and its impact
China Targets 5% Growth with Higher Deficit, Reuters Reports
China Sets 5% Growth Target with Higher Deficit, Reuters Reports China has set a 5% growth target for 2024, according to Reuters. This decision reflects the country’s cautious approach to economic recovery. The goal is lower than previous years but reflects the challenges China faces, including a slowing global economy and domestic issues. Focus on
USD/JPY Soars to Two-Week Highs Near 153.50 as BoJ Tightening Expectations Fade
USD/JPY Reaches Two-Week Highs as Market Expectations Shift The USD/JPY has surged to a two-week high, approaching the 153.50 level, as speculation about potential tightening by the Bank of Japan (BoJ) fades. This sharp move highlights growing market uncertainty regarding the BoJ’s stance on interest rates, especially as inflation concerns continue to evolve. With market
Gold and Silver Price Forecast: Inflation Data Boosts Safe-Haven Appeal
Gold and Silver Price Forecast: Inflation Data Boosts Safe-Haven Appeal As global inflation continues to stir market volatility, gold and silver price forecasts are heavily influenced by investor sentiment toward safe-haven assets. Rising concerns about persistent inflationary pressures are pushing more investors towards precious metals, traditionally seen as a hedge against inflation. With significant inflation
USD/JPY Likely to Face Strong Resistance at 152.00 Level
The USD/JPY currency pair has been on a steady upward trajectory in recent weeks, but resistance at the 152.00 level poses a significant barrier to further gains. This key technical level has proven to be a formidable point of contention for traders and is unlikely to be breached without a major shift in market conditions.