USDJPY, Weekly BOJ Governor Kuroda said on Friday that there was absolutely no need for Japan to raise interest rates and that the BOJ would take additional relaxation measures without hesitation if needed. The Japanese yen surpassed the key level of $119 for the first time in 6 years, as the BOJ maintained its huge […]
BoE flags possible review of guidance with next set of forecasts. The BoE did the expected and hiked the Bank Rate by another 25 bps to 0.75% while repeating that further modest tightening is likely to be necessary in the coming months. At the same time though, the discussion flagged the double-edged sword of sharply […]
USDCAD, H1 US Retail Sales beat estimates via revision, with February gains of 0.3% overall and 0.2% ex-autos, after net upward revisions. The higher retail sales trajectory, mostly via January boosts, included only modest swings for most components in February, though with a big 5.3% price-led rise for gasoline. The sales roller coaster between October […]
EURUSD, H4 The European Central Bank (ECB) left interest rates unchanged yesterday, but surprised by announcing the end of the APP asset purchase program in Q3, with accelerating cuts in April at 40 billion euros, 30 billion euros in May and 20 billion euros in June compared to the previous schedule of EUR 40 billion […]
