Trading news

BoC Abandons Hike Bias, Riksbank’s Turn to Decide on Policy

The Canadian dollar slid yesterday, after the BoC fully abandoned its hiking bias. However, the currency recovered a large portion of those losses during Governor Poloz’s press conference. Perhaps investors interpreted Poloz’s remarks as being less worrisome than the tone of the statement. Overnight, the BoJ kept its ultra-loose policy unchanged and adjusted its forward guidance. That said, the yen barely reacted. As for today, the central bank torch will be passed to the Riksbank, where market participants may be eager to find out whether officials are still willing to hike later this year, or not.

 

BoC Removes Reference to Higher Rates, BoJ Tweaks Forward Guidance

The US dollar continued outperforming almost all the other G10 currencies. It gained the most against NOK, SEK and EUR. The only currency against which it failed to eke out gains was CHF, with USD/CHF found virtually unchanged this morning.

The Loonie ended the day lower against its US counterpart, but the ride was not a smooth one. The Canadian currency traded in a roller-coaster manner and responsible for...

Read the full financial markets daily report on JFD Research.

JFD Brokers Review

Thursday, 25 Apr, 2019 / 7:31

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.jfdbank.com/en/research/boc-abandons-hike-bias-riksbanks-turn-to-decide-on-policy-20190425

Trading news

 

Pound storms higher as Tories win; stocks hit new records on US-China deal

  Cable touches $1.35 as Conservatives win majority – but mind [...]

Posted on Friday, 13 Dec, 2019 / 9:57 under

Tories Win the UK Elections, US and China Agree on “Phase One” Deal

The pound skyrocketed overnight, outperforming all the other G10 currencies, [...]

Posted on Friday, 13 Dec, 2019 / 9:51 under

ATFX Morning Brief - 2019.12.13

For more analysis check out, please click the below link: Market Analysis by [...]

Posted on Friday, 13 Dec, 2019 / 2:27 under