EUR/USD 1.15846
0.040%
Gold 4094.53
0.664%
Oil 60.489
-0.121%
USD/JPY 155.331
-0.117%
GBP/USD 1.31405
-0.030%
GBP/JPY 204.117
-0.142%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
November 19th, Futures.com analysts latest view: Brent crude oil futures prices fell slightly, with the short-term pattern dominated by a bearish trend, and prices moving along the support line of this trend. The Relative Strength Index (RSI) showed a negative signal after reaching overbought territory, and prices have broken below their 50-day exponential moving average support, which increases the likelihood of further declines in oil prices in the near term.November 19th, Futures.com analysts latest view: Spot gold retreated slightly, mainly due to negative pressure from its price trading below the EMA50 moving average. After the previous rally, spot gold entered a natural profit-taking phase. Meanwhile, the Relative Strength Index (RSI) indicates that spot gold is attempting to digest some of its clearly overbought conditions, especially after the emergence of additional negative signals.November 19th, Futures.com analysts latest view: WTI crude oil futures prices have slightly retreated, which appears to be profit-taking after the previous price increase. Prices pulled back after touching the key resistance level of $60.25, which also coincides with the upper edge of the short-term consolidation range.According to Russian media reports, debris from the downed Ukrainian missile landed on civilian facilities in Voronezh, Russia.The Russian Ministry of Defense stated that Ukraine used four ATACMS tactical ballistic missiles in its attack on Voronezh, but all of them were shot down.

GBP/JPY fluctuates below 158.00 before to UK economic data release

Alina Haynes

Jan 13, 2023 14:59

 GBP:JPY.png

 

During the Asian session, the GBP/JPY pair is behaving erratically below the key resistance level around 158.00. As investors anticipate the release of United Kingdom economic data for extra impetus, the cross displays a neutral appearance.

 

Following an announcement by the Bank of Japan (BoJ) that the central bank will evaluate the effects of a decade-long loose monetary policy stance on economic growth and inflation, GBP/JPY fell on Thursday.

 

After the central bank widened the range of 10-year Japan Government Bonds, concern of a shift in the BoJ's stance on the price index has increased (JGSs). In a policy statement, the BOJ explained that the purpose of the step was to "improve market functioning and promote a smoother evolution of the entire yield curve while maintaining accommodative financial conditions."

 

In the interim, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), conveyed via Reuters early Friday morning in Asia that the BOJ should adopt a dovish position. The labor unions' demands for wage increases have not produced a meaningful shift. In other words, there is no driver of inflation.

 

Inflation, which continues relatively close to the bank's target of 2%, did not require a change to the central bank's debt yield curve management regime.

 

Investors are monitoring the publishing of economic figures in the United Kingdom. The consensus forecast for Industrial and Manufacturing Production (Nov) is a yearly decrease of between 3.0% and 4.8%. The United Kingdom's industrial activity has fallen steadily during the past four months. If a spate of deceleration diminishes inflationary expectations, the Bank of England's (BOE) officials will face fewer obstacles.


Suggestion