Yen Lifts after Renewed FX Intervention Concerns

View this email online. Yen Lifts after Renewed FX Intervention Concerns The minutes from the Bank of Japan’s historic meeting where officials voted to end negative interest rates served up no new information.  READ MORE Market Analysis The US dollar acted as the release valve for all the hawkish sentiment that had been priced into the market. READ MORE   The British Pound inched back above the 1.26 mark against the United States Dollar in Monday’s European session as expectations of June interest-rate cuts sent the Greenback broadly lower. READ MORE Over the past 24 hours, the escalating conflict between Russia and Ukraine has taken a significant toll on energy infrastructure in both countries. READ MORE In spite of the glaring differences between EU and US growth prospects, ECB officials maintain a cautions approach to the inevitable rate cutting cycle – eying up June as the all important meeting. READ MORE Traders often feel that a complex trading strategy with many moving parts must be better when they should focus on keeping things as simple as possible.  READ MORE Every market has a spread and so does forex. A spread is simply defined as the price difference between where a trader may purchase or sell an underlying asset.  ​​​​​​​READ MORE Trading Skills Enhancement TRADING EDUCATION Learn to trade with DailyFX and take your trading knowledge and confidence to the next level. Whatever your trading experience is, our expert analysts and market writers can help you navigate a range of market conditions and trading styles, setting you on the road to consistent trading. Our online education is divided into three sections according to experience level   LEARN MORE TRADING TOOLS View current trader sentiment and discover who is going long and short, the percentage change over time, and whether market signals are bullish or bearish with IG Client Sentiment.   LEARN MORE Use our economic calendar to explore key global events on the horizon that could subtly shift or substantially shake up the financial markets.   LEARN MORE CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Kind regards DailyFX dailyfx.com Cannon Bridge House, 25 Dowgate Hill, London, United Kingdom, EC4R 2YA. Trading financial instruments, including leveraged foreign currencies, carries a high degree of risk and your losses may exceed your deposits. Trading is not suitable for all. You should carefully consider whether trading is right for you in light of your investment experience and financial resources. Past performance is not indicative of future results. This commentary is for general informational purposes and does not constitute advice or a solicitation. While DailyFX has taken reasonable measures to verify the accuracy of the information herein, DailyFX makes no guarantee as to its accuracy or completeness. This information is subject to change at any time without notice. DailyFX is not liable for any loss or damage which may arise from the use of any information in this commentary. Please read the full Risk Disclosure, as well as our Privacy Policy. You received this email because of your relationship with DailyFX. To manage your preferences or unsubscribe from our marketing communications click here.   © 2024 IG