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Aussie Market Commentary – Tuesday, December 19

Aussie Market Commentary – Tuesday, December 19

Aussie Rally ContinuesThe Australian Dollar is receiving a fresh boost today on the back of the latest RBA meeting minutes released overnight. The minutes were somewhat more hawkish than many were expecting. The bank noted that it discussed a potential hike at the meeting though ultimately decided that the case for holding policy steady was […]
Bank Of Japan Disappointed Investors With No Plans For 2024

Bank Of Japan Disappointed Investors With No Plans For 2024

Image Source: Pixabay  At Monday’s stock market close, the Dow Jones Index (US30) added 0.01%, while the S&P 500 Index (US500) was up by 0.45%. The Nasdaq Technology Index (US100) closed positive by 0.61%. Meanwhile, the S&P 500 (US500) rose to a 23-month-high, the Dow Industrials (US30) set a record high, and the NASDAQ (US100) climbed to a 2-year-high.Goldman Sachs yesterday raised its target for the S&P 500 by […]
Forex Today: Yen Drops As Bank Of Japan Maintains Loose Policy

Forex Today: Yen Drops As Bank Of Japan Maintains Loose Policy

Freepik The Bank of Japan has completed its latest policy meeting, deciding to leave its negative interest rate and forward guidance completely unchanged. There was speculation the Bank would begin to talk about moving towards a policy change, but this was not met. The market reacted by selling the Japanese Yen The Reserve Bank of […]
Bank Of Japan Keeps Negative Interest Rates – And Its Silence On The Future

Bank Of Japan Keeps Negative Interest Rates – And Its Silence On The Future

This morning, in one of the last major economic calendar events of the 2023 year, the Bank of Japan concluded its 2023 December policy meeting, and released its latest interest rates decision.The BoJ decided to keep rates steady at -0.1 per cent. The country’s negative interest rate has been in place for some time – […]
FX Daily: Cautious BoJ Hits The Yen

FX Daily: Cautious BoJ Hits The Yen

Image Source: Unsplash  The Bank of Japan did not give in to market pressure and kept its dovish guidance intact. However, the wording on the economic and inflation outlook paves the way for a hike in the second quarter in our view. The yen should revert to being driven mostly by US rates after taking a hit […]
GBP/USD Forex Signal: Brief Rebound Ahead Of UK Inflation Data

GBP/USD Forex Signal: Brief Rebound Ahead Of UK Inflation Data

Looking ahead, the key data to watch on Tuesday will be the upcoming US building permits and housing starts.  Bullish view Buy the GBP/USD pair and set a take-profit at 1.2730. Add a stop-loss at 1.2600. Timeline: 1-2 days.  Bearish view Sell the GBP/USD pair and set a take-profit at 1.2600. Add a stop-loss at 1.2730. The GBP/USD exchange rate […]
EUR/JPY Rallies Above 158.00 As BoJ Stays With Dovish Stance

EUR/JPY Rallies Above 158.00 As BoJ Stays With Dovish Stance

 Image Source: Pixabay   EUR/JPY aims a stabilization above 158.00 on BoJ’s dovish policy stance. BoJ kept doors open for more easing measures if required. ECB Villeroy expects rate cuts some time in 2024. The EUR/JPY pair run swiftly above the crucial resistance of 158.00 in the European session. The strength in the cross is backed […]
Ethereum Should Find Buyers In 3, 7, Or 11 Swing

Ethereum Should Find Buyers In 3, 7, Or 11 Swing

Short Term Elliott Wave View in Ethereum (ETHUSD) shows that it has ended wave (3) at 2401.18. Pullback in wave (4) is currently in progress as a double three Elliott Wave structure. Down from wave 93), wave (a) ended at 2324.3 and wave (b) ended at 2374.78. Wave (c) lower ended at 2142.28 which completed wave […]
The FTSE’s Santa Rally

The FTSE’s Santa Rally

Image Source: Unsplash  The so-called Santa Rally could be alive and well for the UK!Over the last 10 years, the FTSE 100 has gained 100% of the time from December 18 through to December 29! So, is this a chance to get a free gift from the UK’s stock market this year? Time for gains in […]
Lifetime Income Trajectories By Education Level

Lifetime Income Trajectories By Education Level

Your education level can have a profound effect on how much money you can expect to earn throughout your life.That’s one of the major takeaways from the U.S. Census Bureau’s data for the average total money income by age for different levels of educational attainment in 2022. This data shows several different patterns: The more […]