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USD/JPY Extends Upside To 149.00 As Focus Shifts To BoJ, Fed Policy

USD/JPY Extends Upside To 149.00 As Focus Shifts To BoJ, Fed Policy

 Image Source: Pixabay   USD/JPY jumps to 148.80 on hopes that the BoJ will maintain its ultra-loose monetary policy stance on Tuesday. The BoJ lacks a significant wage-price spiral to back an exit to negative interest rates. Diminished Fed rate cut expectations keep the US Dollar strong near its three-week highs around 103.50. The USD/JPY climbs […]
Key Events In EMEA For The Week Of March 18

Key Events In EMEA For The Week Of March 18

Image Source: Pixabay  Next week in Poland, we will see the release of core inflation, industrial output, and employment data. We expect inflation to continue to moderate while the labor market should remain tight. In Turkey, we expect the central bank to wait for March inflation data to decide on a rate move, though the possibility of policy strengthening has […]
Cloud Stocks: Veeva’s Migration To Own Platform Picks Pace

Cloud Stocks: Veeva’s Migration To Own Platform Picks Pace

Image Source: Unsplash  The global healthcare cloud computing market is expected to grow at 18% CAGR from $39.4 billion in 2022 to reach $89.4 billion by 2027. Veeva (NYSE: VEEV) recently announced its fiscal 2024 results that continued to impress the market.  Veeva’s FinancialsVeeva’s Q4 revenues grew 12% to $630.6 million, ahead of the Street’s forecast of $620.7 […]
GBP/USD Commentary – Friday, March 15

GBP/USD Commentary – Friday, March 15

Photo by Colin Watts on Unsplash   Cable Correcting LowerGBPUSD has pulled back below the 1.2832 level this week and is on course to end the week in the red, despite some better data along the way. The uptick in USD has squashed any bullish momentum in the Pound, which had previously broken out to its highest level against […]
Trend Change

Trend Change

S&P 500 didn‘t produce much of a buy the dip reaction following the hot PPI, confirming my call for a bearish stocks outlook. Tech didn‘t serve much as a safe haven, and NVDA $870 can be counted on as being defended in today‘s quad witching as well. Bitcoin at $68K isn‘t a bullish start today […]
NYSE Arca Oil Index – The Current Overview

NYSE Arca Oil Index – The Current Overview

Oil stocks broke above important resistances, hitting a fresh multi-year peak. Is this the end of the bears?  Technical Picture of the XOIIn recent days crude oil reversed and jumped above the early March peaks, breaking above the barrier of $80. Earlier this week, the S&P500 moved above 5200 and hit a fresh peak during […]
US Economic Growth Still Expected To Slow In Q1 GDP Report

US Economic Growth Still Expected To Slow In Q1 GDP Report

A new round of nowcasts continue to estimate that US economic activity will downshift in next month’s release of first-quarter GDP data. Today’s revised estimate is based on the median for a set of nowcasts compiled by CapitalSpectator.com.Output for the January-through-March period is currently projected to soften to a 2.1% increase (seasonally adjusted annual rate). […]
USDJPY Stages Reversal: Bulls Back In Control?

USDJPY Stages Reversal: Bulls Back In Control?

USDJPY has displayed a significant shift in momentum, breaking above a key resistance level. This analysis explores the technical situation and potential scenarios for the currency pair. Upside Breakout or False Signal? Resistance Overcome: USDJPY decisively surged above the resistance level at 148.16, reaching a high of 148.83. This technical indicator suggests a potential reversal of the downtrend that […]
Silver Stars

Silver Stars

After a powerful up-move last week, this week’s gold had a minor correction. Silver’s upward momentum continued through to Wednesday before it ticked off the top. In European trade this morning gold traded at $2168, down $11, and silver at $25.05, up 65 cents.The feature of these markets is the extraordinary extent to which bullion […]
Euro’s Recovery To $1.09 Looks Vulnerable While Yen Falls To New Lows

Euro’s Recovery To $1.09 Looks Vulnerable While Yen Falls To New Lows

Image Source: Pixabay  Overview: At the end of last week, the derivatives market was again pricing in nearly four Fed cuts this year, but this week’s data have seen expectations re-converge with the Fed’s three rate cuts signaled in December, while cutting the odds of June hike to the lowest in the more than four months. This […]