The Reserve Bank of New Zealand made announcements regarding its monetary policy. The NZD/USD dropped.
A chance to trade the Japanese currency
The Bank of Japan will make its monetary policy statement and announce the interest rate on March 15. The bank won’t change its interest rate, but the comments by the bank of Japan governor Haruhiko Kuroda may shake the JPY. During the previous month, the BOJ governor threw hints on further monetary policy easing. This dovish outlook made the JPY suffer. Let’s see where the central bank will drive its currency.
• If the BOJ is hawkish, the JPY will move up;
• If the BOJ is dovish, the JPY will move down.
April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
The Bank of England cut its interest rate. What does that mean?
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.