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Japanese Market Commentary - Thursday, May 9
Article By:
James Harte
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Thursday, May 9, 2024 6:04 AM EDT
Japanese stocks are seeing firm selling pressure on Thursday following the publishing of the BOJ’s summary of opinions overnight.
In this article: FXY
FX Daily: Sterling On The Edge
Article By:
ING Economics
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Thursday, May 9, 2024 6:00 AM EDT
Amid quiet FX trading conditions, attention during European hours falls squarely on the Bank of England’s policy decision.
AUD/JPY Advances To Near 102.50 Despite The Fear Of Japan’s Intervention
Article By:
Akhtar Faruqui
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Thursday, May 9, 2024 5:54 AM EDT
AUD/JPY gains ground as RBA is expected to maintain higher rates for an extended period. The fear of Japan’s intervention could limit the advance of the pair.
USD/CHF Trades On A Positive Note Above 0.9050, Focus On Fed’s Daly’s Speech
Article By:
Lallalit Srijandorn
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Thursday, May 9, 2024 5:46 AM EDT
USD/CHF drifts higher to 0.9085 in Thursday’s European session. The hawkish comments from many Fed policymakers support the US Dollar (USD).
UK Market Commentary - Thursday, May 9
Article By:
James Harte
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Thursday, May 9, 2024 5:45 AM EDT
All eyes are on the Bank of England today as it meets for its May monetary policy meeting.
Elliott Wave Technical Analysis: Euro/U.S. Dollar - Thursday, May 9
Article By:
Peter Mathers
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Thursday, May 9, 2024 5:30 AM EDT
The EUR/USD Elliott Wave analysis outlines a corrective structure with "black wave 2" in progress, indicating a possible end to the correction and a subsequent shift in the market.
Two Trades To Watch: GBP/USD, USD/JPY Forecast - Thursday, May 9
Article By:
Fiona Cincotta
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Thursday, May 9, 2024 5:15 AM EDT
GBP/USD falls ahead of the BoE rate decision. USD/JPY rises despite a more hawkish BoJ.
US Dollar Extends Rally Against Japanese Yen
Article By:
ForexCycle
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Thursday, May 9, 2024 4:20 AM EDT
The USDJPY currency pair has extended its impressive upside move, rallying from the 151.86 low to a high of 155.69 in recent trading sessions.
GBP/USD Moves Below 1.2500 Ahead Of BoE Policy Decision
Article By:
Akhtar Faruqui
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Thursday, May 9, 2024 3:10 AM EDT
GBP/USD extends its losing streak for the third successive session, trading around 1.2490 during the Asian session on Thursday. Thursday brings the BoE interest rate decision, with expectations of maintaining interest rate at 5.25%.
EUR/GBP Extends The Rally Above 0.8600, All Eyes On The BoE Rate Decision
Article By:
Lallalit Srijandorn
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Thursday, May 9, 2024 2:50 AM EDT
The EUR/GBP cross extends its upside around 0.8605 during the early Europen trading hours on Thursday. The cross edges higher for the third consecutive day ahead of the Bank of England (BoE) interest rate decision.
British Pound Breaks Key Trendline Support Against US Dollar
Article By:
ForexCycle
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Thursday, May 9, 2024 2:10 AM EDT
The GBPUSD currency pair has broken below the rising trendline support visible on the 4-hour chart. This technical breakdown suggests that the recent upside move from the 1.2299 low has likely been completed at the 1.2633 high.
Elliott Wave Analysis On USDJPY Recovery Post BOJ Intervention
Video By:
Elliottwave Forecast
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Thursday, May 9, 2024 1:30 AM EDT
USDJPY has been on a roller coaster in the last few weeks due to the Bank of Japan (BOJ) Intervention. In this article, we will look at the short-term Elliott Wave path for the currency post-intervention.
Asia Open: US Inflation Data In The Market Purview
Article By:
Stephen Innes
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Wednesday, May 8, 2024 9:50 PM EDT
Asian markets are poised for a lacklustre start on Thursday, influenced by a mix of factors including, a strengthening dollar, and a gradual rise in U.S. bond yields, which collectively diminish investors' appetite for riskier assets.
