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Markets RIP NIRP. The Bank of Japan ditched the world’s last negative policy rate this morning, raising it from -0.1% to a target range between 0% and 0.1%. The first hike since 2007 ended an 8-year experiment of sub-zero rates. It also scrapped the (soft) 1% cap on the 10-year yield and formally ended ETF […]

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29/11/2023

Focus on German and Spanish inflation

Market movers today In the euro area, today’s main focus will be on preliminary inflation data from Germany and Spain. The November figures will give markets the first sense of what to expect from the euro area HICP which is due for release tomorrow. In Sweden, October retail sales and NIER consumer confidence will be […]
18/03/2024

EURUSD Trades Sideways After Sharp DFrop

EURUSD rotates lower after its advance gets rejected Trades flat in past few sessions within the Ichimoku cloud Momentum indicators weaken but remain positive  EURUSD had been in a steady recovery from its 2024 bottom of 1.0693, advancing to as high as 1.0980 on March 8. However, the pair’s rebound was rejected after a temporary jump […]
20/06/2024

AUDUSD Extends Sideways Movement

AUDUSD trades back and forth within its range The ascending 50-day SMA acts as a strong floor Oscillators remain tilted to the bullish side AUDUSD has been trading sideways for more than a month now as the price has been unable to jump above the five-month high of 0.6713. However, the pair’s downside also seems to […]