Governor Kuroda warns BOJ may suffer losses suppose if it exits easy policy. US yet to verify pull back of Russian troops, weighs on the market mood. Japanese manufacturer’s business confidence fell to an 11-month low in February. USD/JPY bids above 115.60 level during Wednesday Asian session. BOJ Kuroda's warning and the mounting Russia [...]
The precious metal - Gold climbed to reach a eight month high on Tuesday Asian session. Chatters of arrival of war troops, machines near Ukraine-Russia border creates tension and weighs on the market sentiment. U.S. Federal Reserve officials continued sparring over how aggressively to begin interest rate hikes at their March meeting. The yellow [...]
The risk of Russia invading Ukraine weighs on Euro and favors the safe haven US dollar. The soaring inflation reading of last week also weighs on the market sentiment, favoring the safe haven - USD. European Central Bank’s (ECB) Olli Rehn warned that overreaction to inflation by the central bank could stem the economic growth. [...]
Fundamental view: Bitcoin initially rallied against the greenback but later gave up some of its gains, However it managed to form a bullish weekly candle. The US dollar bulls was favored by the stronger than expected CPI data. The US reported the January Consumer Price Index, which soared to 7.5% YoY against the forecast of 7.2%,and [...]
