News

BoJ Deputy Governor Shinichi Uchida said in a speech on today that the central bank remains prepared to raise interest rates further if its current projections for growth and inflation are realized. He emphasized that the BoJ will “judge without any pre-conception” while monitoring both domestic and global conditions. Uchida highlighted rising uncertainty surrounding overseas […]

The post BoJ’s Uchida: Further hikes if outlook holds appeared first on Action Forex.

Eurozone Core Harmonized Index of Consumer Prices (MoM) rose from previous 0.1% to 0.2% in September

Eurozone Core Harmonized Index of Consumer Prices (YoY) came in at 2.4%, above forecasts (2.3%) in September

Eurozone Harmonized Index of Consumer Prices (YoY) meets forecasts (2.2%) in September

• Prior +2.0%
• Core CPI +2.4% vs +2.3% y/y prelim
• Prior +2.3%

The final revision sees core annual inflation tick a little higher in September. Once again, this just reaffirms the current stance by the ECB to keep policy on hold through to year-end at least.

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

Eurozone Harmonized Index of Consumer Prices (MoM) meets forecasts (0.1%) in September

Market sentiment remains highly sensitive to rhetoric from the Federal Reserve and statements from the White House. This is particularly true given the protracted government shutdown and the resurgence of trade disputes with several Asian partners. While heightened geopolitical tensions in the region are bolstering demand for the yen as a safe-haven asset, the broader […]

The post Yen Nears End of Corrective Phase appeared first on Action Forex.

After pushing for a ceasefire deal between Israel and Hamas, U.S. President Donald Trump is now turning his sights on ending the war in Ukraine.

Charts show that the euro strengthened against the Canadian dollar on Thursday, with the pair climbing above 1.6460 for the first time since spring 2009, when the world was still reeling from the global financial crisis. The current weakness of the Canadian dollar is being influenced by several factors: → Trade relations with the United […]

The post EUR/CAD Hits 16-Year High appeared first on Action Forex.

The AUD/USD pair trades 0.5% down to near 0.6450 during the European trading session on Friday. The Aussie pair faces intense selling pressure as the Australian Dollar (AUD) underperforms its peers amid growing trade frictions between the United States (US) and China.