European Open: The BOJ increased bond purchases, BOC meeting in focus
The BOJ aggressively purchased bonds at the long end of the curve and sent the 30-year yield markedly lower, although the move did not spill over the yen pairs.
Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
The BOJ aggressively purchased bonds at the long end of the curve and sent the 30-year yield markedly lower, although the move did not spill over the yen pairs.
The BOJ aggressively purchased bonds at the long end of the curve and sent the 30-year yield markedly lower, although the move did not spill over the yen pairs.
CPI for August out of Canada was lower than expected. As a result, EUR/CAD is trading higher on the day.
Sometimes the obvious needs to be said. And that is exactly what the BOC’s deputy governor said in his op-ed by stating inflation “remains far too high”.
The Singapore dollar made the baulk of currency moves overnight as the MAS tightened policy. We don’t expect the same level of excitement from the ECB.
We’ve had one 50 bps hike already today from the RBNZ, and now we get to find out of the BOC will follow suit. But first up is UK inflation data.
We’ve had one 50 bps hike already today from the RBNZ, and now we get to find out of the BOC will follow suit. But first up is UK inflation data.
Prices broke out of a symmetrical triangle on Friday, a pattern which projects a target around 1.3550 if successful.
The Bank of Canada surprised markets today by reducing its bond purchase program from $C2 billion per week to C$0
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.