“ECB President Christine Lagarde failed to offer fresh insights with regards to policy outlook.” EURJPY remain restricted near double top’s peak after European Central Bank failed to offer any new insights. As of today, ECB is widely expected to follow the footsteps of its peers by raising interest rates in July to combat soaring inflation. View more

“Dollar bulls wane as focus shifted towards other risky assets.” US dollar slipped during Asian trading session as traders seek higher yields from other risky assets. Prior, Federal Reserve have made it clear to tighten monetary policy at a faster pace to control rising inflation. As the market has fully digested the fact, in addition View more

“Bullard says recession fears are premature.” Greenback eases from the top, trimming some of its gains from last week as recession fears abate. Last Friday, St Louis Federal Reserve President James Bullard commented that recession fears are over exaggerated as the US economy is still buoyant. In addition, Bullard expressed that aggressive response via policy View more

“Powell delivers a rather contradicting element which disappoints traders.” US dollar appears choppy as market sentiment gets tangled up following testimony from Fed Chair Jerome Powell. Powell cited that they are going all out to control rising inflation in the country. However, he emphasized that the Fed may induce recession due to hastened tightening. His View more

“Recession fear induce higher demand for safe-haven.” AUD/USD pared its gains, touching fresh weekly low of 0.6880 after Fed Chair Jerome Powell’s testimony in front of US Senate. During the session, Powell reemphasized that they are committed to bring down inflation. While pace of tightening would depend on upcoming data, he also acknowledged for the View more

“Deficit widens for New Zealand; greenback continues to triumph.” NZD/USD slumps towards intraday low following downbeat trade data during early Wednesday trading session. Last month, Trade Balance depreciated to $263 million, significantly lower than previous month of $440 million. Deficit continues to deepen in New Zealand as the China-reliant economy faced with lower exports due View more

“EU bound to raise interest rates as soaring inflation erodes savings and jeopardizing corporate profits.” Traders shifted their focus towards euro despite heightened political risk in France after President Emmanuel Macron failed to secure an absolute majority in the parliamentary election. Yesterday, European Central Bank President Christine Lagarde reemphasized to raise interest rates by twice View more

“Oil price slumps further as sentiment remains sour.” Global oil price is feeling the blues as investors’ sentiment remain fragile over slowing economic growth and supply concerns. Exports from Russia remains diminished due to sanctions from the United States. While the impact was partially mitigated by global petroleum reserves, it may not sustain if the View more

“Bank of Japan to monitor currency market moves that could have significant impact on their economy and import prices.” Bank of Japan stood firm against aggressive policy tightening, deepening the divergence between Japan and its peers. After ending their two-day policy meeting, the central bank maintained its target rate at -0.10% and offered to purchase View more

“Fed latest announcement fails to exceed market expectations.” Federal Reserve raised interest rates by 75 basis points on yesterday, a move last seen since November 1994. The announcement was made after US Consumer Price Index rose 8.6% for the year in May, well above market consensus. During press conference, Fed Chair Jerome Powell emphasized that View more