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Daily Market Outlook - Tuesday, March 19
Article By:
Patrick Munnelly
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Tuesday, March 19, 2024 5:19 AM EDT
Asian stock markets are predominantly lower on Tuesday as traders adopt a cautious stance after monetary policy announcements from the Reserve Bank of Australia and the Bank of Japan.
FX Daily: BoJ Lift-Off Underwhelms The Yen
Article By:
ING Economics
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Tuesday, March 19, 2024 4:55 AM EDT
The Bank of Japan has finally ended its eight-year reign of negative interest rates and shifted to a more conventional policy of targeting short-term interest rates.
EUR/JPY Gains Momentum Above 162.70 As BoJ Ends Negative Interest Rate Era
Article By:
Lallalit Srijandorn
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Tuesday, March 19, 2024 12:40 AM EDT
The EUR/JPY cross gains traction above the mid-162.00s during the Asian trading hours on Tuesday. The cross drifts higher after the Bank of Japan decided to end a negative interest rate era that began in 2016, in line with market expectations.
EURUSD Slides Below Channel Support: Downside Or Short-Lived Dip?
Article By:
ForexCycle
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Monday, March 18, 2024 9:40 PM EDT
EURUSD has experienced a technical setback, breaching the lower boundary of a key indicator on its 4-hour chart. This analysis dives into the technical situation and explores potential scenarios for the currency pair.
GBP/USD Attracts Some Sellers Below The Mid-1.2700s, All Eyes On Fed, BoE Rate Decision
Article By:
Lallalit Srijandorn
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Monday, March 18, 2024 7:46 PM EDT
The GBP/USD pair remains under some selling pressure during the early Asian session on Tuesday. The uptick in the US Dollar (USD) above 103.50 and higher US yields provide some support to the major pair.
This Week: NVDA CEO Huang Keynote AI Speech, BOJ And Fed Decisions
Article By:
Greg Feirman
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Monday, March 18, 2024 2:00 PM EDT
Overnight the Bank of Japan (BOJ) will be making an interest rate decision and there is a lot of speculation that they may raise rates for the first time since 2007.
US Dollar Looks Set To Remain Steady Ahead Of BoJ And Fed Meetings
Article By:
Filip Lagaart
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Monday, March 18, 2024 9:40 AM EDT
The US Dollar is having a zen moment on Monday before turmoil is set to pick up with the Bank of Japan rate decision on Tuesday and the US Federal Reserve rate decision on Wednesday.
In this article: UUP
Speculation Of A BOJ Move Tomorrow Did Not Stop The Nikkei From Rallying Or Yen From Slipping
Article By:
Marc Chandler
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Monday, March 18, 2024 8:27 AM EDT
The US dollar is trading with a mostly softer bias against the G10 currencies. The notable exceptions are the Japanese yen and Swiss franc.
GBP/USD Forecast: Pulls Back To Test Crucial Area
Article By:
Christopher Lewis
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Monday, March 18, 2024 7:24 AM EDT
GBP/USD tests key 1.2725 level amid USD dynamics; potential for rebound to 1.2790 and beyond. Watch for breakouts or pullbacks in volatile market conditions.