Bank of Japan Eyes Preemptive Rate Moves: July Minutes
Bank of Japan Eyes Preemptive Rate Moves: July Minutes
It was appropriate for the Bank of Japan to continue raising policy interest rates and gradually adjust monetary accommodation, July minutes showed, as underlying CPI inflation neared 2% and financial conditions stayed accommodative. Members stressed preemptive action against upside risks to avoid rapid hikes later, noting the rate remains below the neutral range. One member […]
by Currency Hedger
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- 2 weeks ago
US 10-Year Yield Holds at 19-Year High
The yield on the 10-year US Treasury note rose to around 5.2% on Monday, staying at its highest level since July 2007 as expectations strengthened that the Federal Reserve will tighten monetary policy further to contain inflation. Data released Friday showed new orders for key US manufactured capital goods rose more than anticipated in August, […]
by Currency Hedger
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- 2 weeks ago
China’s Commerce Ministry says trade ceasefire with US to be extended to January 2027
China’s Commerce Ministry said on Monday that the United States (US) and Chinese officials confirmed that the bilateral trade truce has been extended by two months, moving the expiration date from November 10 January 10, 2027. Key quotes Importing US coal complements domestic market, offers stable economic returns and jobs for US industry. We look […]
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- 2 weeks ago
GBP, Market Analysis, Technical Analysis, USD
British Pound Holds Higher as Dollar Weakness Meets a More Hawkish BoE
GBP/USD is advancing for a second consecutive session, trading around 1.3230, as weakness in the US Dollar provides support for the British Pound despite increasingly hawkish expectations for Federal Reserve policy. The currency market is balancing opposing monetary-policy signals. Markets are now pricing a 65.9% probability of a Federal Reserve rate hike in October, up […]
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- 2 weeks ago
PBOC sets USD/CNY reference rate at 6.7399 vs. 6.7489 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7399 compared to last Thursday’s fix of 6.7489 and 6.7085 Reuters estimate.
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
European Natural Gas Rises as Hormuz Risk Threatens Winter Supply
European natural gas prices are advancing toward €73/MWh, recovering after last week’s decline as renewed uncertainty surrounding the Strait of Hormuz raises concerns over energy supply security. President Donald Trump has rejected Iran’s seven-day proposal to reopen the waterway, arguing that its terms are unacceptable, while also indicating that talks with Tehran could resume this […]
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
Heating Oil Rebounds as Winter Demand and Tight Inventories Raise Supply Risks
US heating oil futures have climbed back above $4.70 per gallon, ending a three-session decline as renewed uncertainty surrounding Middle East supply routes outweighs uncertainty over potential US diesel export restrictions. The market is balancing several competing forces. The lack of progress toward reopening the Strait of Hormuz is keeping energy-supply risks elevated, while the […]
by Currency Hedger
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- 2 weeks ago
Hedging, JPY, Market Analysis, Technical Analysis, USD
Yen Under Pressure as Fed-BoJ Divergence Keeps USD/JPY Elevated
The Japanese yen is trading under renewed pressure against the US dollar, with USD/JPY around 157.75 as the pair recovers from Friday’s retracement decline. The move comes after the latest Bank of Japan meeting minutes and against a backdrop of elevated US Treasury yields and expectations for further Federal Reserve tightening. The policy divergence between […]
by Currency Hedger
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- 2 weeks ago
EUR, Market Analysis, Technical Analysis, USD
Euro Under Pressure as Fed Hawkishness Widens the Policy Divide
The euro is trading near 1.1380 against the US dollar, remaining below the 1.1400 level as a more hawkish Federal Reserve outlook and continued Middle East tensions support demand for the dollar. The latest move leaves EUR/USD close to levels where the decline could become technically stretched, while the monetary-policy outlook remains the dominant fundamental […]
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- 2 weeks ago
US President Donald Trump says he will not rule out more Iran strikes
US President Donald Trump said on Sunday that he believes the war with Iran will be won “very soon,” adding that additional military strikes before the midterm elections are possible, Fox News reported. “I think what’s going to happen is we’re going to win this war very soon, and as soon as we win it, […]
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- 2 weeks ago