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Markets have responded to Takaichi’s victory with the “Takaichi trade,” pushing the Nikkei to record highs and weakening the yen to beyond the 150 mark.

• The ceasefire is expected to come into effect on the ground once deal is signed
• Israeli military will complete first phase of partial withdrawal within the first 24 hours
• Hostages may be released as early as Saturday and by Monday at the latest

At the same time, the Israeli military is also saying that it has begun operational preparations in order to implement the ceasefire deal above. The easing of geopolitical tensions here is a good thing for risk trades, though it has largely been phased into the background for quite a while now. But hey, it doesn’t hurt at least. The downside reaction was mostly contained to gold and oil prices, but both have since recovered losses from earlier in the day.

This article was written by Justin Low at investinglive.com.

The GBP/USD pair attracts some buyers during the Asian session on Thursday and moves away from a nearly two-week trough, around the 1.3370 area touched the previous day.

There are just a couple to take note of on the day, as highlighted in bold below.

They are for EUR/USD at the 1.1600 and 1.1615 levels. Similar to yesterday, they don’t hold much technical significance but could offer something for buyers to lean on in trying to keep price action afloat heading towards the end of the week. That as we start to see a battle around the 100-day moving average of 1.1631 currently, where price hasn’t firmly broken below that since March this year. So, that’s a key line in the sand to watch out for besides the expiries.

For more information on how to use this data, you may refer to this post here.

Head on over to investingLive (formerly ForexLive) to get in on the know!

This article was written by Justin Low at investinglive.com.

Russia “wants to sow division,” the EU chief said Wednesday, and the bloc needs to face up to the new reality of “hybrid warfare.”

EUR/JPY continues its winning streak for the fifth successive session, trading around 177.60 during the Asian hours on Thursday.

The USD/CHF pair retraces to near 0.8000 during the late Asian trading session on Thursday from the monthly high of 0.8030 posted the previous day.