Bank of Japan’s Kuroda: no rate hike ‘for an extended time’ – paper

The Bank of Japan is unlikely to raise interest rates for “quite some time” and recent steps to make policy more flexible are not preparation for policy normalization, Governor Haruhiko Kuroda said in an interview published on Saturday. The BOJ pledged in July to keep interest rates “extremely low” for an extended period and adjusted policy so it could buy stocks and bonds more flexibly, including allowing the 10-year government bond yield to move in a slightly wider band around zero percent. Read More @ https://www.reuters.com/article/us-japan-economy-boj-kuroda/bank-of-japans-kuroda-no-rate-hike-for-an-extended-time-paper-idUSKCN1LH341

Trade talks with Canada will restart next week as Trump seeks a deal in 90 days

WHAT IS THE USD SAYING?

USD back to its resistance at 95$ – the question now is – will it go higher or will it fall back to symmetrical. President is not going to easy when it comes to trade and currency manipulation. USD still stay dominant at this stage. NFP will call teh shorts this week.

MONDAY NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES.

  1. 7.50am – 8.30am – Japan will release their Capital Spending and Manufacturing data – both of which is expected to be good or same. We maintain neutral for JPY at this stage.
  2. 9.00am – Australia will release Inflation, Company operating cost and Job ads – This data tends to have more impact when it’s released ahead of the government employment data rather than after – no volatility expected.
  3. 9.30am – Australia will release their retail sales – expected to be good. We buy AUD.
  4. 9.45am – China will release their CAIXIN Mfg data – expected to be weak.
  5. 1.40pm – JPY volatility expected as Gov. Kuroda speaks. We SELL USDJPY if it rallies.
  6. 3.15pm – Spain will release their PMI – expected to be weak.
  7. 3.45pm – Italy, France, Germany and EURO will release their PMI and is expected to be good. We BUY EURO before news.
  8. 4.30pm – UK will release their manufacturing PMI – volatility expected in favor of GBP.

The market will be quiet in teh evening as Canada and US goes for holiday.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

2 Comments
  1. stornobrzinol 1 month ago

    A formidable share, I simply given this onto a colleague who was doing a bit analysis on this. And he in truth bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! However yeah Thnkx for spending the time to debate this, I feel strongly about it and love reading extra on this topic. If attainable, as you turn out to be expertise, would you thoughts updating your weblog with extra particulars? It’s extremely helpful for me. Large thumb up for this blog post!

  2. Wonderful work! This is the type of info that should be shared around the internet. Shame on Google for not positioning this post higher! Come on over and visit my web site . Thanks =)

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?