Greenland deal?
|Important news for the day
Fri, 23rd, 04:07 CET JP BoJ interest rate decision.
Fri, 23rd, 07:30 CET JP BoJ press conference.
Fri, 23rd, 08:00 CET UK Retail sales.
Fri, 23rd 09:30 CET EU Flash manufacturing PMI.
BoJ
After the interest rate decision of the Bank of Japan the Yen geared up slight momentum. Having lost over the recent trading sessions again the JPY might start to get some traction moving forward. The rate remains below 0.75% with a moderate outlook. The Central Bank had increased rates in December, the highest level for the past 30 years. Rates might be raised further in the future, if economic indicators would allow. Whether this can change the general weakness of the Yen remains in doubt: structural problems and extreme high debt in Japan might weaken the demand.
Market talk
After the recent correction stock markets continue to remain positive. Yet, US indices seem to face some profit taking. as the initial demand for rising prices has shifted. The DAX on the other hand seems to gear up momentum even further. With the psychological 25.000 points level being close upside momentum might increase above that zone. For the crypto market the outlook remains rather soft. Bitcoin has fallen back below the USD 90,000 level and ETH is falling below the USD 3,000 price tag. Oil prices look positive alongside the positive US earnings and Gold and Silver keep pushing higher likely supported by the weakness of the Dollar.
Tendencies in the markets
- Equities positive, USD weaker, crypto weaker, oil positive, Silver positive, Gold strong.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.