About: josephine
Recent Posts by josephine
Yen advances despite inflation concerns; Stock market shows mixed performance
The Japanese Yen (USD/JPY) has seen contained advances recently, despite mixed signals from economic indicators and policies from the Bank of Japan (BoJ). April’s consumer price index (CPI) data showed a decrease in headline inflation to 2.5%, down from 2.7% in March. Core inflation, which excludes fresh food, fell to 2.2%, while the measure excluding Continue Reading
More rate tightening from Turkish Central Bank is likely
Key Points: On Thursday, the Central Bank of Turkey (CBT) decided to keep its policy rate unchanged at 50%, consistent with market expectations. Such decision was made to address ongoing concerns about inflation, which continues to pose a significant risk to the Turkish economy. In its policy statement, the CBT cited the lagged effects of Continue Reading
Kospi rebound and foreign inflows bolster won as USD/KRW retreats from July peak
Kospi rebounds 29.5% as foreign inflows and chip optimism boost won; traders eye short USD/KRW positions.
Australia, NZ Dollars decline as markets assess rate outlooks
Key points: The Australian and New Zealand dollars faltered on Tuesday as the momentum from last week’s rally dissipated. The market is closely watching the outlook for steady interest rates in both countries. The Australian dollar slipped 0.2% to $0.6654, unable to reclaim its recent four-month high of $0.6714. Key support levels are found under Continue Reading
Why crude oil futures may continue their spiral downwards in May
Key Points: On Tuesday, both Brent and WTI crude oil futures experienced declines. Brent crude oil futures (Symbol: UKOUSDft-V) fell toward $83 per barrel, while the WTI crude oil futures (Symbol: CL-OIL) dropped to $78 per barrel, marking continued losses. SEE: Crude oil experiences downward trend on the VT Markets app. Market participants are closely Continue Reading
