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Pound Corrects on Dollar Strength, But Losses Stay Capped
Fundamental Analysis * Pound Resilience: The Pound Sterling slipping against the US Dollar due to a modest recovery in the greenback. However, losses are limited as the outlook for the British currency remains positive, driven by expectations of a less-dovish Bank of England (BoE). Investors anticipate that the BoE will reduce interest rates gradually. InContinue Reading
Chinese Equity Market Bullish After Rate Cut
Market Summary The Asian equity market has taken centre stage in the global financial landscape, particularly with Chinese indexes, such as the China A50 and the Hang Seng Index (HSI), both surging by nearly 10% over the past two sessions. This rally has been driven by monetary easing policies and stimulus packages from the ChineseContinue Reading
USDJPY Hold Gains Amid Expectation of BoJ Rate Hike Delay
Fundamental Analysis * Yen Drift: The Japanese Yen (JPY) weakened against the US Dollar amid concerns that the Bank of Japan (BoJ) is in no rush to increase interest rates. After the BoJ’s policy decision on Friday, Governor Kazuo Ueda indicated that rate hikes would be considered if inflation trends align with their forecasts. UedaContinue Reading
