USD/JPY Retreats from 148.35 Resistance Post-BoJ Meeting
The USD/JPY pair came back from the resistance at 148.35 after today's BoJ meeting.
Read MoreThe USD/JPY pair came back from the resistance at 148.35 after today's BoJ meeting.
Read MoreThe USD/JPY pair is capitalizing on the overall weakness of the dollar and is supported by improving fundamentals, marking a shift into a reversal mode with a targeted upward movement set at 148.30.
Read MoreS&P 500 futures and Nasdaq-100 futures both experienced declines, with a 0.3% drop for the S&P 500 futures and a 0.5% decrease for Nasdaq-100 futures.
Read MoreThe price of gold rose to around $1,940 per troy ounce during the Asian session on Wednesday, driven by rising geopolitical tensions between Israel and Hamas, increasing demand for gold as a safe-haven asset.
Read MoreThe Pound Sterling is making a recovery attempt following the release of a stubborn UK inflation report. In September, both headline and core inflation exceeded expectations, reaching 6.7% and 6.1% respectively. This unexpected inflation could raise concerns about the Bank of England's potential policy tightening in its November meeting
Read MoreWTI futures held steady above $87 per barrel on Monday following a 6% surge on Friday.
Read MoreThursday, the price of gold (XAU/USD) is facing downward pressure due to a stronger US Dollar (USD) and higher Treasury yields. Gold is currently trading at around $1,876, with a modest 0.11% gain for the day.
Read MoreToday marks the sixth consecutive day of declining prices in the last seven days, pushing the commodity even lower, below the $1,900 mark. This is the lowest level it has reached since August 22, just as the European session begins.
Read MoreIn September, the Greenback's fate depends on consumer confidence figures, which could influence the Fed towards a more hawkish stance. Regarding the Euro, early-week attention will focus on Germany's economy. The Pound may be influenced by speeches from Bank of England officials. Chinese private sector PMIs.
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