Nikkei Upbeat on Cautious BoJ Hold
Unlike the last decision that had caused the stock market to plunge, today's cautious pause by the Japanese central bank, saw muted JPN225 reaction and weekly gains
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Unlike the last decision that had caused the stock market to plunge, today's cautious pause by the Japanese central bank, saw muted JPN225 reaction and weekly gains
The commodity managed to rebound from its 16-month low on market bets for aggressive Fed easing, but pricing seems stretched, while demand fears don’t to go away
The pair runs its third losing month on unfavorable policy dynamics and starts the week with news lows as expectations for an outsized Fed pivot mount
The ECB slashed rates for second time but did not hint at any acceleration of its easing and the pair rose as markets expect aggressive cuts from its US counterpart
Tech optimism returned after Nvidia CEO offered upbeat AI message, helping NAS100 looks past upside surprise in core CPI
After July’s plunge, natural gas priced have posted a moderate rebound, but they struggle ahead of key resistance
The pair is cautious at pivotal support cluster after a poor weekly start, as markets brace for Wednesday’s US inflation update and Thursday’s ECB rate decision
The tech-heavy index posted its worst week of the year and re-entered correction territory after a negative reaction to the NFPs, as markets await Wednesday’s inflation update
Despite the favorable monetary policy differential, USD/CAD dropped after the central bank of Canada lowered rates by 0.25%, while Friday’s US NFPs loom
Oil prices dropped to their lowest levels in nearly nine months as concerns over weak demand and potential increases in supply weighed heavily on the market. Despite hopes for a recovery, the outlook remains subdued with oversupply and economic uncertainties dominating the scene.
The tech-heavy index is on the verge of correction, as Nvidia suffered heavy losses and weak PMIs reignite recession fears, ahead of Friday’s jobs report
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