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Japanese snap election will be held on Saturday, October 27 Governing LDP party vying for another win but outcome uncertain BoJ’s outlook could be clouded if LPD doesn’t achieve majority Yen could suffer if the new government focuses more on fiscal policy Japan holds elections on October 27 Just a few days before the key […]

The post Japanese Election Could Hold Key to Next BoJ Hike appeared first on Action Forex.

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21/05/2024

Australian Dollar Shrugs After RBA Minutes

The Australian dollar edged lower but recovered in the Asian session. AUD/USD is showing little movement in the European session, trading at 0.6660. RBA minutes: members discussed rate hike The minutes of the Reserve Bank of Australia’s meeting earlier this month indicated that members discussed the possibility of a rate hike before deciding to hold […]
11/12/2023

The Flash Sell-off in Crypto?

Market Picture A wave of profit-taking hit the cryptocurrency market on Monday morning. It seems that the failure of cryptocurrencies to rise over the weekend caused players to pull stop orders very close to market prices, and we saw a massive exit from long positions in low liquidity before the regular session in Asia. Strong […]
07/03/2024

BoC Holds Rates Steady in March With Dovish Lean

The Bank of Canada held the overnight rate unchanged for a fifth consecutive meeting, extending a pause that started after the last hike in July last year. Softer inflation data in January made sure that no hiking bias (dropped in January) would reappear. BoC’s key messaging remains that we’re on the right path to target […]