USD/JPY snaps two-day winning streak after taking a U-turn from 106.10 the previous day. Japan’s Overall House Spending, Labor Cash Earnings recover in August. Risks cheer hopes of stimulus, expectations of COVID-19 vaccine. BOJ’s Kuroda showed optimism as the bank raised economic assessment for aro

Photo: FM Germany’s Federal Financial Supervisory Authority, popularly known as BaFin, has mandated its permission over the installation of any new cryptocurrency automated teller machines (ATMs). The provisions were made under the German Banking Act.  “Proprietary trading is a financial service a

Photo: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes According to information on the Japanese regulator’s website, the Kanto finance bureau today added JET Option to its warning list and cited that the binary options broker lacks registration in the countr

#EURCHF# EURCHF has formed an Inverted Head & shoulder Pattern , as shown in chart. The pattern Indicate the possible of upside move in EURCHF . According to chart pattern analysis, we might see upside move in EURCHF towards the resistance 2 . it has already test the support level consider i

USD/JPY extends the latest pullback from 105.97 to keep the previous day’s gains. Market sentiment turns downbeat amid US-Iran fears, virus woes and Sino-American tussle. Hopes of stimulus, greenback’s recovery moves to favor the bulls. Japan’s Foreign Investment figures flash mixed results amid fal

NASDAQ and Tech The Nasdaq has been the king of the bulls throughout the pandemic, price gains across the board have pushed it well beyond the $11,000 mark, which is extraordinary. The indexes advance is starting to ring a few bells though, positive earnings results from some of the esteemed FAANG’s

Photo: Reuters Central bank digital currencies (CBDCs) are not a new concept. In fact, with the sidelining of Facebook’s Libra project, the concept of CBDCs even seemed to have become a bit passé–that is, until last week. Indeed, on July 14th, Japanese news outlet Nikkei reported that the Japanese

Photo: Finance Magnates Ant Group, the fintech affiliate of Chinese e-commerce giant Alibaba, is going public with a concurrent listing on two stock exchanges – the Shanghai stock exchange’s STAR board and the Hong Kong stock exchange. Formally known as Ant Financial, the company is still discussi

Editor of China's Global Times with more needling of the US and its President: "President Trump withdrew from WHO because the organization is of no help to his reelection. The whole world can see it through, but this ugly act can be done with a sense of justice in the US. It's true that the politic

The Reserve Bank of New Zealand's governor, Adrian Orr, welcomes decline in retail interest rates, saying "now is not the time for credit crunch to develop".  The central bank has just released the June 2020 Statement Of Intent. Meanwhile, risk on is donating the charts and has lifted the kiwi to a

The zig-zag price action last week was not that unexpected. Indeed, it’s a natural reaction to the speed of price recovery and the expected laborious toil of rebalancing the market, which was getting accentuated through the gnarly increase in Covid19 case counts and the bearish to consensus inventor

GBP/JPY fails to respect Friday’s Doji formation as risk-tone sentiment gets heavy on virus 2.0 fears. Expectations of UK PM Boris Johnson to offer autumn deadline to the EU gain dominance. BOE is likely to announce an additional £150bn of stimulus on Thursday. Japan’s Tertiary Industry Index, Brexi

French stocks were sharply lower on Thursday as weak exports data from Japan and South Korea as well as rising U.S.-China tensions rekindled growth worries. Japan's exports fell 21.9 percent in April from a year earlier, while South Korea's exports declined 20.3 percent in the first 20 days of this

FX option expiries for May 11 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0800 892m 1.0850 1.0bn - USD/JPY: USD amounts          106.25 410m 106.40 511m 106.70 588m - EUR/GBP: EUR amounts 0.8700 983m 0.8800 902m