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On April 28, the Bank of Japan released its Outlook Report and Monetary Policy Statement. In general, the bank is set to continue its monetary easing policy, which is weakening the value of the Yen. Namely, the bank is keeping its bank rates at previous levels and 10-year Japanese government bond yield target is set to be the same. Meanwhile, the
On Wednesday, agriculture commodities merchant Bunge announced that the company would increase its 2022 earnings forecast due to global shortages.
On April 28, the Bank of Japan released its Outlook Report and Monetary Policy Statement. In general, the bank is set to continue its monetary easing policy, which is weakening the value of the Yen.
This week, Deutsche Bank stated that it expects the US Federal Funds Rate to reach up to 6.00%.
This week, the price for gold revealed that it has been declining in a channel down pattern. In addition, the commodity faces resistance at 1,907.50/1,911.30. During the second half of Wednesday's trading hours, the bullion had declined and traded below the 1,885.00 mark. Economic Calendar Analysis During the week, minor moves could be created by some data releases. Meanwhile, note that the
The 127.00 mark has provided enough support to the USD/JPY currency exchange rate for the pair to start a surge. By the middle of Wednesday's GMT trading hours, the USD/JPY had reached above the 128.00 level and technical levels, which surround it. Economic Calendar During the week, minor moves could be created by some data releases. Meanwhile, note that the whole financial
On Wednesday, it was marked on the GBP/USD charts that the currency pair has been declining in a channel down pattern since April 22. On that day, the rate plummeted due to the worse than expected UK monthly retail sales data. In addition, most recently, the 1.2600 level had acted as resistance. Economic Calendar During the week, minor moves could be created
By the middle of Wednesday's European trading hours, the EUR/USD currency exchange rate had reached below the 1.0600 and approached the weekly S3 simple pivot point at 1.0550. Economic Calendar Analysis During the week, minor moves could be created by some data releases. Meanwhile, note that the whole financial market continues to adjust to the latest comments made by the Federal Reserve
This week, the price for gold revealed that it has been declining in a channel down pattern. In addition, the commodity faces resistance at 1,907.50/1,911.30. During the second half of Wednesday's trading hours, the bullion had declined and traded below the 1,885.00 mark. If the price continues to decline, support might be found in the lower trend line of the
The 127.00 mark has provided enough support to the USD/JPY currency exchange rate for the pair to start a surge. By the middle of Wednesday's GMT trading hours, the USD/JPY had reached above the 128.00 level and technical levels, which surround it. If the US Dollar continues to gain value, compared to the Japanese Yen, the currency pair might test
On Wednesday, it was marked on the GBP/USD charts that the currency pair has been declining in a channel down pattern since April 22. On that day, the rate plummeted due to the worse than expected UK monthly retail sales data. In addition, most recently, the 1.2600 level had acted as resistance. If the Pound continues to decline, compared to the
By the middle of Wednesday's European trading hours, the EUR/USD currency exchange rate had reached below the 1.0600 and approached the weekly S3 simple pivot point at 1.0550. If the rate passes below the 1.0550 mark, the currency exchange rate would have no close by technical support. Meanwhile, round exchange rate levels could act as support. Namely, the Euro could
After Tuesday's US trading, Microsoft published the company's quarterly earnings, which beat market expectations. On Wednesday, the stock price of the company was indicated by the futures markets to start the day's trading with 3.88% gap up.
Trucking industry monitoring company, FreightWaves has revealed that since March there has been a sharp drop in demand for trucking, which signals an incoming decrease in all economic activity.
Various analysts commented during this week that grain companies like Bunge and Archer-Daniels-Midland are expected to reveal high profits due to the Russian invasion of Ukraine.
Reuters revealed on Monday that the German government would soon increase its inflation forecast for 2022 from 3.3% up to 6.1%.
This week, Hyundai revealed that the company's profit had surged 19.00%, despite a 10.00% decline in car sales, due to favourable exchange rates.
On Monday, Reuters revealed that Twitter would accept Elon Musk's $43 billion takeover offer.
During the week, minor moves could be created by some data releases. Meanwhile, note that the whole financial market continues to adjust to the latest comments made by the Federal Reserve about monetary tightening. On Tuesday, the US Durable Goods Orders might impact the USD value at 12:30 GMT. On Thursday, the US Advance GDP is expected to cause USD volatility across
In March, consumer prices in Japan surged by 0.8%, which is the highest reading over a period of 26 months.
After breaking the resistance of the 14.75/14.80 zone, the USD/ZAR currency pair started a surge, which was fueled by a decline of the value of the South African Rand and strength of the US Dollar. This resulted in a 7.20% surge from April 18 up to April 25. In addition, the pair has passed below the 15.50 level's resistance. A
As laid out in one of the forecast scenarios on March 28, the Japan 225 index has bounced off the combination of the 200-day simple moving average, the upper trend line of a channel down pattern and the 28,500.00 level. On April 25, the index was retreating to the April low level after a consolidation retracement occurring during the
The Governor of the People's Bank of China Yi Gang stated that the central bank would ease its policy in an effort to support the economy during the slowdowns that are caused by the coronavirus.
The USD/CAD pair was declining last week, until the US Federal Reserve policymakers revealed in interviews, how they are preparing for base interest rate hikes that are set to increase the demand for the US Dollar. Due to that reason a surge started, which on Monday had already reached the 1.2750 mark. Note that all such type of fundamental events