FOREX TODAY: QUIET START TO BIG CENTRAL BANK WEEK

avatar
· Views 48

GBP/USD struggled to make a decisive move in either direction ahead of the weekend and ended the week flat below 1.2400. In the early European session, the pair extends its sideways grind. While speaking on Friday, UK Chancellor of the Exchequer, Jeremy Hunt, said that the best tax cut would be a "cut in inflation."

USD/JPY fell sharply toward 129.00 during the Asian trading hours on Monday before recovering to the 129.50 area. Reuters reported earlier that a panel of academics and business executives urged the Bank of Japan (BoJ) to make its 2% inflation target a long-term goal. The proposal reportedly also included the need to have interest rates rise more in line with economic fundamentals and normalize Japan's bond market function. In the meantime, “I believe it's possible to achieve 2% inflation target, accompanied by wage growth, by continuing current easy policy,” BoJ Governor Haruhiko Kuroda reiterated earlier in the day.

Gold price staged a downward correction and erased its weekly gains in the second half of the week. At the time of press, XAU/USD was posting small daily gains at around $1,930.

Following a three-day consolidation phase, Bitcoin gained traction and advanced toward $24,000 on Sunday. As of writing, BTC/USD was moving sideways near $23,700. Ethereum rose nearly 5% on Sunday and ended up posting small weekly gains. ETH/USD seems to have gone under modest bearish pressure early Monday and was last seen losing nearly 1% on the day at $1,630.

면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.

이 글이 마음에 드시나요? 작성자에게 팁을 보내 감사의 마음을 전하세요.
댓글 1

더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.

  • tradingContest