The Yen is one of the top three most-traded currencies in the world, which makes it powerful among other currencies due its low interest rates. Japan has recently faced deflation of its currency, and in order to avoid inflated USD/JPY rate, the Bank of Japan has purchased the Yen to boost up export of goods and increased import prices. The
Yesterday, 11.07.2018, at about 01:00:00 GMT time, the currency pair USD/JPY shows the unexpected uptrend, which has broken the channel and had been increasing by 186 pips for the last 24 hours to continue fluctuating in 112.559 area.
Trump has asked a King of Saudi Arabia to increase the Oil production.
The economist of CNBC Everett Rosenfeld about the historical meeting of Kim Jong-un and Donald Trump on the future of the Korean Peninsula.
European Central Bank (ECB) President Mario Draghi gave a speech about monetary policy changes.
Allan J. Kuri Eguiarte, MBA, said that everything indicates that the next Mexican Hugo Chávez will win.
Sandro Gozi, Democratic Party member and deputy secretary of state for political and European affairs, said it was time to end the confusion created by Lega and M5S.
US Consumer Confidence hits a 17-year high in May, with a help of downwardly revised April's reading. The index accounts for about 70% of all US economy, so it is being closely watched by economists.
A Fundamental surge occurred on all of the Japanse Yen's charts, which was caused by the sudden surge of the Japanese currency on Wednesday. One of the many explanation to the move was published by investing.com representing analyst Pinchas Cohen.
It is a little bit weaker than the 2.5 percent (growth) that they (the Bank of Canada) last projected for the fourth quarter, so it is not going to imply any urgency to continue to tighten. But they are going to make sure this more moderate growth
"The worry of the markets is not that inflation is becoming a big problem, ... it is that the Fed is now forced to play catch up at the same time they are shrinking their balance sheet. If the Fed wasn't so scared of their own shadow
"The gain in wages will add to concerns that inflationary pressures are building in the economy. It solidifies expectations that the Fed will hike in March. The question is, what will they signal for hikes after that? " –Michael Feroli, Chief
"China's economic growth, which is a main factor influencing PPI, is hard to predict as it will be influenced by how tough the deleveraging campaign is and how far the slowdown in the property market will go. The PBOC will be on wait-and-see mode at least
"The rate hike was a rear-view mirror move, but the Bank of Canada hints that the view out the front window isn't quite as sunny. We share the Bank of Canada's view that higher rates will be needed over time. But perhaps not as fast and
"The books closed on a phenomenal year for Canadian employment with another spectacular result for December. In our judgement, that should be enough to see the Bank of Canada hike rates later this month." - Nick Exarhos, economist, CIBC Capital
"It could be something of a roller-coaster ride for headline inflation because of oil prices, but what remains crucial is core. If we're going to see flattish core inflation prints - and if we see flattish wage prints -
I suppose that the US economy is on a fairly solid and steady growth path at the moment. I think that there are no serious policy errors and the economy will continue to show steady performance in the near term.
We do expect the October announcement to reveal that the ECB is extending its QE program into the next year, however, at a slower pace, which the ECB itself does not describe as tapering.
Yes, we do see inflation in Canada grinding higher in the next 3-6 months, though it is going to be a slow track up to the bank's 2% target.
I would suggest that it depends on exactly what we mean by stabilise; in my opinion, growth is rather to be stable for the next few quarters, but it will still hold at a relatively low level.
I suppose that it is all about the outlook for the trend of interest rates in the United States.
I think that that the ECB might be happy about the growth outlook, but inflation is still looking really subdued.
I think London's clearing system does work pretty efficiently, but there are issues related to the clearing of euro-denominated securities taking place in the jurisdiction beyond the ECB's influence that will arise once the UK leaves the EU.
It depends on a period of time that you are talking about. I think that in the long run it has a negative impact. I believe that the energy sector, especially alternative energy sources, hold tremendous opportunities for economic growth.