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Bank Of Japan Pauses But Signals Normalisation Will Continue

Bank Of Japan Pauses But Signals Normalisation Will Continue

The Bank of Japan unanimously decided to keep its policy rate unchanged at 0.25%. Amid growing confidence in achieving its sustainable inflation target, the BoJ will closely watch the impact of FX movements on inflation. The timing of the next hike remains uncertain, but we see a chance of a hike in December.Yen. Image Source: Pixabay Statement shows […]
MicroStrategy adds 7,420 BTC to its stash, reveals $1 billion in cash for another buying round

MicroStrategy adds 7,420 BTC to its stash, reveals $1 billion in cash for another buying round

Key Takeaways MicroStrategy purchased 7,420 BTC for $458.2 million at an average price of $61,750 per bitcoin. The company’s total bitcoin holdings now stand at 252,220 BTC, acquired for $9.9 billion. Share this article MicroStrategy has acquired 7,420 Bitcoin (BTC) for approximately $458.2 million, at an average price of $61,750 per BTC, as revealed on […]
USD/JPY Price Analysis: Yen Plunges As Ueda Dodges Hike Signals

USD/JPY Price Analysis: Yen Plunges As Ueda Dodges Hike Signals

The USD/JPY price analysis shows the yen crashing after the Bank of Japan policy meeting. Although the central bank held rates as expected, Governor Ueda refrained from giving clear guidance on rate hikes. Instead, he focused on the economy. Japan’s central bank met on Friday and decided to keep interest rates unchanged. Moreover, the central bank’s […]
Gold And Silver Shine As The Fed Cuts Rates: What’s Next?

Gold And Silver Shine As The Fed Cuts Rates: What’s Next?

When the Federal Reserve decides to slash interest rates, it sets off a domino effect in the financial world, and precious metals like gold and silver are among the first to feel the impact. Yesterday, we saw a 0.50% cut, so it’s time to revisit how these metals have historically performed… and let’s just say, they’ve […]
The Quick And Dirty Economic Indicator Says: Not Even Close To Recession

The Quick And Dirty Economic Indicator Says: Not Even Close To Recession

There are some economic and financial indicators that aren’t classic leading or lagging indicators. Rather, they are “over-sensitive” in one direction or another. Two good examples are heavy truck sales and the unemployment rate: they are over-sensitive to the downside: they lead going in to recessions, but lag coming out.The S&P 500 stock market index […]
Port Strike Will Rise Food & Energy Prices Exponentially – The Corn & Ethanol Report

Port Strike Will Rise Food & Energy Prices Exponentially – The Corn & Ethanol Report

We kickoff the day with Baker Hughes Oil & Total Rig Counts at 12:00 P.M., Fed Harker Speech at 1:00 P.M., Cattle on Feed and Milk Production at 2:00 P.M. The Fed lowered its interest rate target by 50 basis points on Wednesday, the largest cut since the start of the pandemic in March 2020. Prior […]
The Energy Report Fed Fighters – Friday, September 20

The Energy Report Fed Fighters – Friday, September 20

Oil traders historically have had a bad time when they have tried to fight the Fed. The Federal Reserve’s 50 basis point rate cut along with a dot plot that says there are more to come should have hedge funds think twice before pressing the downside in this environment. That is not to take away […]
Government Dysfunction Is Back On The Calendar

Government Dysfunction Is Back On The Calendar

The federal government’s fiscal year ends on September 30, and with it, a budget extension is needed to keep the government running beyond that date. Accordingly, as seems to be the norm, government dysfunction is back on full display. House Speaker Mike Johnson failed to pass a budget extension bill on Wednesday. Moreover, he doesn’t […]
Gold, Silver Or Equities

Gold, Silver Or Equities

 No serious attempt to close the bullish gap yesterday, and triple witching ahead today into reasonably good S&P 500 market breadth. Bond woes that I telegraphed well before FOMC as knocking on the door, are affecting prior star performers of XLRE, XLP and XLU – clients were in the picture ahead of time, and the […]
AUD/USD Price Forecast: Continues Posting Green Candlesticks As It Pushes Higher

AUD/USD Price Forecast: Continues Posting Green Candlesticks As It Pushes Higher

AUD/USD keeps posting green candlesticks as it steadily creeps higher. The pair hit a new 2024 high of 0.6839 on Thursday and although there is not much spare room left above until it touches the long-term range high at 0.6870, the trend is short-term bullish, so it’s quite possible it could continue higher. AUD/USD Daily Chart  […]