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EUR/JPY Gains Momentum Above 162.70 As BoJ Ends Negative Interest Rate Era

EUR/JPY Gains Momentum Above 162.70 As BoJ Ends Negative Interest Rate Era

Image Source: Pixabay EUR/JPY holds positive ground around 162.77 after the BoJ rate decision.  BoJ decided to end a negative interest rate era that began in 2016, in line with market expectations. ECB’s de Cos said the central bank may start cutting rates in June if inflation in the eurozone continues to ease. Investors will focus […]
Bank Of Japan (Finally) Kills The World’s Last Negative Interest Rate, Yen Weakens

Bank Of Japan (Finally) Kills The World’s Last Negative Interest Rate, Yen Weakens

Image Source: PexelsAs has been thoroughly warned, straw-manned, leaked, and hinted at over the past few weeks (here, here, and here for example), The Bank of Japan hiked interest rates tonight for the first time since 2007. This move ends the world’s last negative interest rate policy.The vote, at 7-2 to scrap the negative interest rate (setting the policy rate […]
Metals Report For Monday, March 18

Metals Report For Monday, March 18

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:27More By This Author:Financial Markets Report For Monday, March 18Metals Report For Thursday, March 14Financial Markets Report For Thursday, March 14
Amazon Looking For 7 Swing Correction

Amazon Looking For 7 Swing Correction

Image Source: UnsplashShort Term Elliott Wave view in Amazon (AMZN) suggests that wave 4 is in progress as double three Elliott Wave structure. Rally to 180.14. Down from there, wave A ended at 176 and the rally in Wave B ended at 177.08. The stock then resumed lower in wave c towards 173.3 which completed wave (w) in […]
March FT-Booth Macroeconomists Survey: GDP, Recession, R*

March FT-Booth Macroeconomists Survey: GDP, Recession, R*

Image source: PixabayThe FT-Booth Macroeconomist Survey was released today. GDP is slated to grow 2.1% in 2024, q4/q4.Figure 1: GDP (bold black), CBO projection (blue), Survey of Professional Forecasters (red), FT-Booth median forecast (brown inverted triangle), GDPNow of 3/14 (light blue square), all in bn.Ch.2017$. Source: BEA 2024Q4 2nd release, CBO Budget and Economic Outlook (February), Philadelphia Fed SPF, Booth […]
Asia Morning Bites For Tuesday, March 19

Asia Morning Bites For Tuesday, March 19

Image Source: UnsplashGlobal Macro and Markets Global Markets: Considering all the hype today’s BoJ meeting has received, the JGB market is remarkably calm. 2Y JGB yields have drifted lower since the weekend, despite a Nikkei article that seems to be taking a rate hike and end to YCC at today’s meeting as a done deal. The yield […]
Current Analysis: Decisive Dividend

Current Analysis: Decisive Dividend

Image Source: UnsplashTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Decisive Dividend Corp (DE.V) is an acquisition-oriented company, focused on opportunities in manufacturing.The corporation’s purpose is to be the sought-out choice for exiting legacy-minded business owners while supporting the long-term success of the […]
Jensen Huang Sends A.I. Partners Higher In Late Trading

Jensen Huang Sends A.I. Partners Higher In Late Trading

Image Source: PexelsOff session highs which came in the earlier morning trading hours, market indices closed mostly in the green today: the Dow finished +75 points, +0.20%, while the Nasdaq grew +130 points, +0.82%, and the S&P 500 splitting the difference, +0.63%. Only the small-cap Russell 2000 was down today, -0.60% — it’s fifth down-day in […]
Financial Markets Report For Monday, March 18

Financial Markets Report For Monday, March 18

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, March 18.Video Length: 00:13:24More By This Author:Metals Report For Thursday, March 14Financial Markets Report For Thursday, March 14Metals Report For Wednesday, March 13
EURUSD Slides Below Channel Support: Downside Or Short-Lived Dip?

EURUSD Slides Below Channel Support: Downside Or Short-Lived Dip?

Image Source: PixabayEURUSD has experienced a technical setback, breaching the lower boundary of a key indicator on its 4-hour chart. This analysis dives into the technical situation and explores potential scenarios for the currency pair.Uptrend Faces a Hurdle: Channel Support Breached: EURUSD has broken below the bottom of the rising price channel on the 4-hour chart. This technical pattern […]