BlackBull Markets

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We have seen 2 interventions from the BOJ over the past 2 weeks. The first came when the USDJPY hit between 158.000 and 160.000 and the second when it hit almost 158.000. With the BOJ warning that it is ready and willing to step in again, how smart is it to try to catch the ride down if or when the BOJ steps in again? Finance Minister Shunich Suzuki...

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The British Pound has seen a partial retreat against the USD ahead of the Bank of England's interest rate announcement. It's widely anticipated that rates will remain steady at 5.25%. Consequently, attention is likely to be directed towards the voting split among the nine-member Monetary Policy Committee and the accompanying commentary, as these factors could...

BlackBull_Markets Broker

Countdown to RBA rate decision The nine members of the Reserve Bank of Australia (RBA) are set announce its latest interest rate decision that could significantly impact the Australian dollar. This comes amidst remarks from Warren Hogan, Chief Economic Advisor at Judo Bank, who suggests that the central bank might soon need to raise rates to over 5%, a...

BlackBull_Markets Broker

Markets next move awaits Fed speeches this week In April, the US economy saw a modest increase of 175,000 jobs, marking its slowest growth in six months, notably below market projections of 243,000 and a considerable drop from the robust 315,000 jobs added in March. So, now we know the NFP data from last Friday, has this changed investors' outlook for fed...

BlackBull_Markets Broker

Coming up: BOE's rate decision week Morgan Stanley has asserted that the Bank of England might still opt for an interest rate cut in the coming week, a stance that stands out amidst dwindling market confidence in such a move. Morgan Stanley’s opinion diverges notably from the consensus, which suggests an initial rate cut by the BOE in September. Backing Morgan...

BlackBull_Markets Broker

Fed rules out rate hike. Will the RBA now do the same? The US Federal Reserve maintained its policy rate within the 5.25%-5.50% range as anticipated. Notably, Fed Chair Powell, in the press conference, expressed that while the central bank remains vigilant about inflation risks, a hike is "unlikely" for the next move. Will the Reserve Bank of Australia (RBA)...