Chart Art: EUR/JPY Major Pullback Ahead of ECB Decision
EUR/JPY is cruising higher but appears to be in correction mode while traders brace for the ECB decision. Check out these potential support levels on the 4-hour chart.
EUR/JPY is cruising higher but appears to be in correction mode while traders brace for the ECB decision. Check out these potential support levels on the 4-hour chart.
The BOJ policy decision earlier sees USD/JPY drop back from around 159.50 to sit closer to the 159.00 level currently. The central bank opted to maintain the short-term interest rate at 0.75%. However, there were three board members who dissented and wanted to push for a 25 bps rate hike today. The members who dissented were Takata, Tamura, and…
Gold (XAU/USD) trades with a negative bias below the $4,700 mark for the second consecutive day and slides back closer to last week’s swing low during the Asian session on Tuesday. The uncertainty over the second round of US-Iran peace talks assists the US Dollar (USD) in attracting some buyers, which, in turn, is seen weighing on the commodity….
Canada’s central bank is scheduled to announce its monetary policy decision this week! Are they leaning towards hiking interest rates to combat inflation?
Morgan Stanley says dollar risks are increasingly skewed to the downside as FX markets grow less sensitive to energy war headlines, though refined product shortages remain a key upside risk for the currency. Summary Morgan Stanley analysts say risks for the dollar are increasingly skewed to the downside, with FX markets becoming less sensitive to energy supply disruption headlines…
Japan’s Finance Minister Satsuki Katayama said on Tuesday that the economy is rebounding moderately with sustained wage growth momentum, but the outlook calls for caution. Meanwhile, economy minister Minoru Kiuchi stated that he hopes the Bank of Japan (BoJ) aligns communication and policy coordination with the government to sustainably reach the 2% inflation goal. Key quotes Economy is rebounding moderately with sustained…
2026.04.27 2026.04.27 Euro Climbs After Fast Gap Recovery. Forecast as of 27.04.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Once again, bears tried to push the EUR/USD pair lower at the start of the week, but the euro is steadily rebounding. It is being supported by diverging monetary policies. The market is awaiting signals from the ECB about interest rate hikes. Let’s discuss this…
Markets opened Monday cautiously as traders navigated nine weeks of Strait of Hormuz disruption and assessed new diplomatic signals from Tehran that offered some hope for resolution.
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Standard Chartered Bank economists Anubhuti Sahay, Saurav Anand and Nagaraj Kulkarni assess Indian states’ finances, projecting the aggregate FY27 fiscal deficit at 2.9% of GDP, similar to FY26. They highlight slower revenue proceeds, persistent high revenue expenditure and steady capex near 1.9% of Gross Domestic Product (GDP). Wider deficits should lift State Development Loan issuance, while the team maintains…