GBP/JPY shows uncertainty in intraday direction, remaining above 182.00 prior to BoE announcement
GBP/JPY shows uncertainty in intraday direction, remaining above 182.00 prior to BoE announcement The GBP/JPY currency pair is currently displaying uncertainty in its intraday direction, maintaining a position just above the 182.00 mark as the Asian trading session unfolds this Thursday. Investors appear to be in a state of anticipation, awaiting the outcome of the Bank of England’s (BoE) policy meeting scheduled for later today. The UK’s central bank is widely expected to implement a […]
Asian Stock Market Continues Negative Trend
Asian Stock Market Continues Negative Trend Asian equity markets have been experiencing a continued negative trend recently, with several markets recording losses. The ripple effects of Fitch Ratings’ downgrade of the US government’s Long-Term Foreign Currency Issuer Default Rating from AAA to AA+ are becoming increasingly evident across global markets. This downgrade was due to an anticipated fiscal degradation over the coming three years. As a result, Wall Street has witnessed a significant selloff, and […]
USD/CAD settles at 1.3350, a one-month high, as the Oil price and US Dollar weaken
USD/CAD settles at 1.3350, a one-month high, as the Oil price and US Dollar weaken The USD/CAD currency pair has stabilized around the 1.3350 mark, a significant one-month high, in a volatile market landscape where key US economic data is keenly anticipated. This relative steadiness is due to a mix of contributing factors, including the decline in Oil prices and a lukewarm performance by the US Dollar Index (DXY). The recent fluctuations in WTI crude […]