Japanese Yen Pared Back and Nikkei Advances after BoJ Keeps Rates on Hold

BoJ holds out on rate change as unconvincing inflation and wage growth data fail to move the needle. Q1 wage negotiations will be key, as will inflation. JPY down, Nikkei up

from DailyFX – Market News https://ift.tt/lXMF9nH
via IFTTT

AUD/USD Price Forecast: Channel Breakout to Keep Bulls in Control?

Australian Dollar is in a good place fundamentally to continue its recent gains against the Greenback. The technical picture however hints at a brief retracement before bullish continuation.

from DailyFX – Market News https://ift.tt/fV6knmu
via IFTTT

Oil Price Forecast: Oil Surges on Supply Chain Concerns as Red Sea Disruptions Intensify

Oil prices received a shot in the arm this morning as increased attacks on ships in the Red Sea intensify. A sign of things to come in 2024?

from DailyFX – Market News https://ift.tt/2HWCmpB
via IFTTT

USD/JPY Setup Ahead of the Final Bank of Japan Meeting for 2023

Speculation around a policy pivot from the BoJ has eased this last week but is likely to re-emerge in Q1 2024 as labour market data provides a clearer picture. USD/JPY edges up

from DailyFX – Market News https://ift.tt/BncF1rX
via IFTTT

Euro (EUR) Latest: German Ifo Highlights Ongoing German Economic Weakness, ECB Rate Pushback

German companies are turning more pessimistic about the economy, according to the latest Ifo report, and this will add to calls for the ECB to loosen monetary policy sooner rather than later in 2024.

from DailyFX – Market News https://ift.tt/LAqwjMr
via IFTTT