Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Markets Looking for Direction
Information is not investment advice
Midday Market View
With no major U.S. economic reports scheduled for release today, the U.S. dollar is set to take its cue from political and pharmaceutical headlines. EU-UK Brexit talks headed in the wrong direction after Prime Minister Boris Johnson threatened to walk away from Brexit negotiations if the EU does not budge on its demand. Internal frustration is rabid as the UK government’s top lawyer quit over Brexit withdrawal disagreements.
Midday Key Point
- UK government says that internal market bill will be debated on 14 September
- BOJ expected to offer a more upbeat take on the economy next week
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.