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The Japanese yen has reached 150 against the US dollar, its lowest level since August 1990.

Forex News
October 21, 2022October 21, 2022

The Japanese yen continues to lose ground, breaking through the 150-mark against the US dollar on Thursday, the highest level since 1990. The Japanese economy has been suffering as the yen has weakened significantly, prompting an emergency Bank of Japan meeting. The last time when the Yen breached the 160-mark was way back in 1986. In recent weeks, the Bank… Read More »The Japanese yen has reached 150 against the US dollar, its lowest level since August 1990.

Week ahead in Forex Markets (Oct 10 – 14), Main focus on FOMC, BOE Governor Bailey speaks

Forex News, News
October 10, 2022October 10, 2022

Most investors will be keeping an eye on the second part of the week as the US prepares to release PPI, CPI, and Core Retail Sales data. This could result in a high level of volatility at the week’s finish, along with the FOMC meeting minutes. The PPI, CPI, and Core Retail Sales predictions point to continued expansion in the… Read More »Week ahead in Forex Markets (Oct 10 – 14), Main focus on FOMC, BOE Governor Bailey speaks

Sterling drops ahead of UK Prime Minister Truss’s speech.

Forex News
October 5, 2022October 5, 2022

The pound fell against the dollar on Wednesday, capping a six-day rally but remaining well off recent lows following the government’s U-turn on some tax cuts earlier this week. The pound fell 0.6% to $1.1404 (GBPUSD) and was little changed at 87.095 pence per euro (EURGBP). The pound has recovered some ground after falling to a record low of $1.0327… Read More »Sterling drops ahead of UK Prime Minister Truss’s speech.

Week ahead in Forex Markets (Oct 3 – 7), Main focus on RBA, RBNZ’s rate hikes and the US Non Farm payroll data

Forex News
October 3, 2022October 3, 2022

As we are entering the last quarter of the year, We have major news releases like RBA, RBNZ interest rate decision and the USD’s Non Farm Payroll Major Economic events RBA’s policy decision (Oct 3, 11:30 pm GMT)The RBA may increase rates by a another 50 basis points. Or, with a 25bps rate hike, will members let off the gas… Read More »Week ahead in Forex Markets (Oct 3 – 7), Main focus on RBA, RBNZ’s rate hikes and the US Non Farm payroll data

Today (22-September-2022) – Important Market Updates

Forex News
September 22, 2022September 22, 2022

USD – Fed announces another 0.75 percentage point increase in interest rates JPY – BOJ keeps ultra-low rates, dovish policy guidance CHF – The Swiss National Bank raises interest rates to 0.5% in order to cool the country’s raging inflation. GBP – Bank of England hiked interest rates for a seventh straight time for 50 bps