Aussie fell today as Australia inflation figures disappointed traders during early Wednesday. Also adding to the Aussie's weakness is the stimulus withdrawal pessimism and the Us dollar strength. Australian consumer prices rose by much less than expected last quarter while core inflation increased by the weakest pace on record, which clearly signals monetary policy could [...]
Today, USD/JPY is stepping into bullish moment and the yen seems to struggle as a response to the monetary policy meeting. The Bank of Japan (BOJ) left its monetary policy settings untouched following the conclusion of its two-day April monetary policy review meeting on Tuesday. Japanese shares looked to suffer on Tuesday as investors looked [...]
The European Union (EU) is gaining the trader’s attention with its strict stand versus the UK over Brexit ahead of the April 27 deal deadline. Supporting the bloc is the headlines conveying the geopolitical risks in the South China Sea and willingness to welcome the US tourists during the summer holidays. During earlier in Asia, [...]
Bank of Japan (BOJ) Governor Haruhiko Kuroda while speaking before the parliament on Friday said that “Japan's economy continued to expand gradually due to aggressive monetary easing, which has had a positive impact on bank profits.” He also added that “Banks' profitability has diminished as a trend due to prolonged low-rate environment, structural factors such [...]
