Tag Archives: Inflation
Tokyo Inflation Boosts BOJ Rate Hike Expectations
Tokyo Core Inflation Rises, Factory Output Falls In December, core inflation in Japan’s capital city rose, while inflation in services remained stable, according to data released on Friday, keeping market speculation alive that an interest rate hike could occur soon. However, factory production dropped in November for the first time in three months, signalling that […]
Yen Tumbles as BOJ Signals Cautious Approach
BOJ Holds Rates Steady Amid Inflation Risks Interest rates were left unchanged in the latest decision by the BOJ last Thursday, with its governor holding back from giving the strong guidance on when its borrowing costs may rise, thereby helping push the yen down while weighing on bond yields on renewed scepticism of an imminent […]
Fed’s ‘Hawkish’ Rate Cut Lifts Dollar to Two-Year High
Fed Hold Rates Steady at 4.25% as Expected On Wednesday, the Federal Reserve decreased the benchmark policy rate by 25 basis points, which has reached a range of 4.25%-4.50%. The officials hinted at the possibility of a pause in further rate cuts next year as labor market conditions remained stable and the inflation trends showed […]
Euro Falls as ECB Cuts Rates by 25 Basis Points
ECB Cuts Rates to 3% as Expected The European Central Bank (ECB) lowered its benchmark interest rate by 25 basis points to 3% on Thursday, a decision widely anticipated by markets. This marks the fourth-rate reduction in 2024, with the central bank hinting at the potential for additional cuts as inflation nears its target and […]
ECB is Hard to Save The Euro
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for DEC 12, 2024. EURUSD Key Takeaways EURUSD Technical Analysis EURUSD Daily Chart Insights (EURUSD Daily Price Chart, Source: Ultima Markets MT4) EURUSD 1-hour Chart Analysis (EURUSD H1 Price Chart, Source: Ultima Markets MT4) EURUSD Pivot Indicator (EURUSD M30 Price Chart, […]
Inflation Fears Ease, Fed Eyes Rate Cut
CPI Data Align with Expectations On Wednesday, the consumer price index rose 0.3% last month, same as the expectation of 0.3%, also marking the largest gain since April. The U.S dollar strengthened after CPI data came in line with forecasts, U.S dollar index rising 0.23% to close at 106.62. (U.S Dollar Index Chart, Source: Trading […]
Bank of Canada: Accelerating CAD Depreciation?
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for DEC 11, 2024. USDCAD Key Takeaways USDCAD Technical Analysis USDCAD Weekly Chart Insights (USDCAD Daily Price Chart, Source: Ultima Markets MT4) USDCAD 4-hour Chart Analysis (USDCAD H1 Price Chart, Source: Ultima Markets MT4) USDCAD Pivot Indicator (USDCAD M30 Price Chart, […]
Reserve Bank of Australia Leaves Rates Steady at 4.35%
RBA Indicates a Soft Hawkish Stance The RBA, on Tuesday, left the cash rate unchanged at 4.35% during its December policy meeting, reflecting a softer hawkish bias. With Australia’s central bank moving closer to the possibility of joining its global peers in cutting rates, future policy decisions remain data-dependent, meaning the possibility for a shift […]
AUD Wavers at Lows: Lowe’s Remarks in Focus
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDUSD for DEC 10, 2024. AUDUSD Key Takeaways AUDUSD Technical Analysis AUDUSD Daily Chart Insights (AUDUSD Daily Price Chart, Source: Ultima Markets MT4) AUDUSD 1-hour Chart Analysis (AUDUSD H1 Price Chart, Source: Ultima Markets MT4) AUDUSD Pivot Indicator (AUDUSD M30 Price Chart, […]
China’s Inflation Falls Short of Expectations
Deflationary Pressures Continue to Haunt China On Monday, the National Bureau of Statistics reported that China’s consumer price index (CPI) was up only 0.2% y/y in November, compared with the 0.3% rise in October and well below the expected 0.5% increase. (China CPI y/y and PPI y/y Chart, Source: LSEG Data Stream) The world’s second-largest […]
