UK inflation and BoE’s monetary policy outlook
The Bank of England (BoE) is expected to maintain its current interest rate at 4.75% during its upcoming meeting on December 19, 2024. This decision aligns with the BoE’s cautious approach, especially as other central banks, such as the European Central Bank and the U.S. Federal Reserve, are anticipated to reduce rates in the near […]
Japanese yen holds near one-month low as markets await BOJ decision
The Japanese yen traded close to a one-month low against the U.S. Dollar on Wednesday, with USD/JPY hovering around the 148.80 mark. Market participants remain focused on the Bank of Japan’s upcoming policy decision and Governor Kazuo Ueda’s remarks, which are expected to reinforce the central bank’s ultra-loose monetary stance. Speculation over continued dovish policies […]
USD/INR rises as foreign outflows put pressure on the Indian Rupee
The Indian Rupee faced renewed selling pressure on Tuesday, with the USD/INR pair climbing to 83.20 as foreign investors reduced their holdings in Indian equities. Persistent global risk aversion and firming demand for the US Dollar added to the rupee’s woes, amplifying the sell-off in local markets. Traders noted that recent signals from the Federal […]
Australian dollar recovers losses following consumer inflation expectations data
The Australian Dollar recovered some of its losses after recent consumer inflation expectations data showed signs of economic stability. The currency initially dipped amid broad USD strength, but the release of this inflation data allowed the AUD to regain footing as markets reassessed the potential for future rate hikes by the Reserve Bank of Australia […]
Japanese yen remains under pressure,dovish stance and low interest rates
The Japanese Yen slipped further, hovering near a one-month low against the US Dollar as markets anticipate Bank of Japan Governor Kazuo Ueda’s upcoming speech. The pair traded around 148.80 during Wednesday’s session, reflecting ongoing pressure on the Yen amidst sustained market doubts about significant policy adjustments from the BOJ. Investors remain focused on the […]
WTI posts modest gains to near $69.50 as US crude stocks fall
WTI crude oil prices saw modest gains, trading just below $69.50 per barrel on Wednesday, following a significant reduction in U.S. crude stockpiles. The U.S. Energy Information Administration (EIA) reported a surprise drop of 3.1 million barrels in the country’s crude inventories, a figure that exceeded market expectations of a smaller decline. The decrease in […]
Bank of Japan expected to keep rates unchanged, setting stage for a hike early next year
The Bank of Japan (BoJ) maintained its ultra-loose monetary policy, leaving interest rates unchanged during its latest meeting. While the decision aligns with its long-standing stance to support economic growth, rising inflation levels are driving speculation about a potential rate hike early next year. Analysts point to mounting price pressures and stronger wage growth as […]
Oil prices little changed ahead of Fed rate decision
Oil prices remained largely unchanged in early trading as investors await the Federal Reserve’s decision on interest rates. Brent crude hovered around $81.10 per barrel, while WTI crude held near $75.70. Traders are cautiously assessing the Fed’s potential impact on economic growth and energy demand, with global demand concerns and monetary policy playing a central […]
Fed set to deliver third-straight interest rate cut
The Federal Reserve is poised to deliver its third consecutive interest rate cut this year as it grapples with persistent economic uncertainties. Analysts predict that the central bank’s decision, expected during its upcoming policy meeting, reflects ongoing concerns about inflationary pressures and labor market dynamics. The move could lower the federal funds rate by another […]
Japanese Yen bears have the upper hand ahead of key central bank event risks
The Japanese Yen is under pressure as investors adopt a cautious stance ahead of key central bank events that could drive market volatility. Traders are closely monitoring the Bank of Japan’s next policy moves, with speculation growing around potential shifts in monetary strategy. Recent weakening of the Yen reflects expectations that Japan’s ultra-loose monetary policy […]
