Bank of Japan Keeps Monetary Policy Unchanged

Central bank will extend average maturity of JGB holdings New program to be established for purchases of Japanese ETFs The Bank of Japan kept its main target for monetary stimulus unchanged, indicating confidence in the economy after data from capital spending to business confidence and unemployment exceeded expectations. At...


Daily Forex Analysis Video 17th December 2015

USDJPY continues to appreciate as the Fed raised interest rate. It has broke above a key resistance level at 122.27, signaling for further appreciation, and got resisted at first exhaustion level. Wait for retracement in the smaller timeframe for buy opportunity. EURUSD resumed depreciation after a consolidation. A falling...


RBA Says Recent Data Positive, Repeats Scope to Ease Further

Australia’s central bank said low interest rates are supporting household spending and a weaker exchange rate is aiding local firms, even as it reiterated that a subdued inflation outlook gives scope to ease policy further if needed. “Recent domestic data had generally been positive,” the Reserve Bank of Australia...


Yuan Declines to Four-Year Low as New Index Signals Weakness

China looking at currency’s moves in broader context: HSBC China sets gauge measuring yuan against 13-currency basket China’s yuan fell to a four-year low after the central bank said the currency shouldn’t be measured by its moves against the dollar alone, a statement that is being interpreted as a...


New Zealand Signals Rate on Hold After Cut; Kiwi Climbs

Expects inflation to return slowly to 2% target midpoint Will cuts rates further if circumstances warrant, Wheeler says New Zealand’s central bank said its fourth rate cut this year should be sufficient to eventually return inflation to target, prompting a surge in the currency as traders bet Governor Graeme Wheeler...


Euro Falling Back Down With Kiwi as U.S. Jobs Revive Divergence

Greenback gauge posted biggest daily advance in a month Friday JPMorgan Global FX Volatility Index hit 4-month low last week The euro and the kiwi are being dragged back down by expectations for policy divergence after better-than-expected U.S. jobs data strengthened speculation the Federal Reserve will raise interest rates next...