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Japanese Yen is extending its broad-based pullback today. This movement appears to be a strategic response from traders lightening their positions in anticipation of the upcoming BoJ policy decision. Although a rate hike by the BoJ seems highly unlikely at this stage, there is speculation about potential adjustments in the central bank’s communication. These changes

Not the most thrilling start to the week but that’s to be expected given the number of major events over the last few sessions and the absence of anything significant today. The second half of last week was quite the ride, with the Fed going further than many expected on rate cuts for next year,

Since early this year, the bullish trend in USD/JPY has been particularly robust as the Bank of Japan has remained very accommodative while the FED policy has been extremely restrictive, putting this pair near all-time highs around 152. However, statements by BOJ governor Ueda about exiting the loose monetary policy boosted the JPY, which sent

The Bank of Japan has begun a 2-day policy meeting, which is expected to signal under what conditions the Bank will finally begin to move away from its ultra-loose monetary policy. Forex Brokers We Recommend in Your Region See full brokers list The Bank of Japan has begun its latest policy meeting, with decision output

Daily Pivots: (S1) 0.9445; (P) 0.9493; (R1) 0.9531; More… Intraday bias in EUR/CHF stays neutral and consolidation from 0.9402 could extend further. But deeper decline is expected with 0.9543 resistance intact. On the downside, firm break of 0.9407 will confirm larger down trend resumption. Next target is 61.8% projection of 0.9995 to 0.9416 from 0.9683

The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange. Source link

Forex Brokers We Recommend in Your Region See full brokers list   Bitcoin had a little bit of a pullback during the week, but it looks as if the $40,000 level will continue to be important. It has held as nice support, and I think at this point in time there will be value hunters

Forex Brokers We Recommend in Your Region See full brokers list   This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching. The first part of my forecast is based upon my research of the past 20 years of Forex prices, which show that the following methodologies

Market Week Ahead: Gold Regains $2k, GBP/USD, EUR/USD Rally as USD Slides New to FX, Looking for an Edge? Download our Complimentary FX Starter Pack Below Recommended by Nick Cawley Recommended by Nick Cawley FX Trading Starter Pack Fed Stays Put, Sees Three Rate Cuts in 2024, Gold Prices Soar as Yields Plunge The Federal