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A trading opportunity has emerged to short USD/JPY around ¥144.00, as technical patterns indicate a resumption of the downtrend following a corrective phase. The strategy includes a stop loss at ¥146.00 and a target of ¥138.00, offering a favorable risk-reward ratio of 2:6. Traders should remain cautious, as market conditions can change rapidly.
Citigroup Inc. and its affiliates submitted a supplement document (DOC00649195) to the Central Bank of Ireland, received on May 7, 2025. The information was published by Citigroup on the same date and distributed via Public Technologies on May 8, 2025, at 01:04 UTC.
Gold prices are under pressure ahead of the Federal Reserve's interest rate decision and Jerome Powell's remarks, with a current price around $3,385, reflecting a 1.35% drop. Easing trade tensions between the US and China may influence market sentiment, as negotiations are set for this weekend in Switzerland. Investors are keenly awaiting Powell's rhetoric for clues on future monetary policy, with the potential for gold to approach the $3,500 mark if the Fed's meeting yields positive outcomes.
Raiffeisen Bank International AG reported a consolidated profit of EUR 260 million in Q1 2025, with a return on equity of 7.3%, excluding Russia. While net interest income remained stable, the cost-income ratio increased due to rising operating expenses. The bank faced challenges from a EUR 1.9 billion withdrawal linked to the Rosperia court case and muted loan growth amid geopolitical uncertainties.
The Taiwan dollar has surged 10% against the US dollar, prompting concerns from Societe Generale about potential currency stabilization measures by Taiwan's central bank. This rapid appreciation poses challenges for exporters and the life insurance industry, while broader global financial dynamics and trade policies further complicate the situation. Observers should monitor Taiwan's response to these economic pressures, as they could have significant implications beyond its borders.
The Bank of England is expected to implement a fourth consecutive interest rate cut on May 8, reducing the Bank Rate from 4.5% to 4.25% as part of a gradual easing cycle amid easing inflation pressures. Analysts anticipate a cautious approach, with potential for further cuts in 2025, influenced by mixed economic indicators and external factors like global trade tensions. The decision will likely impact various asset classes, including currencies and equities, as traders navigate heightened volatility around the announcement.
Bitcoin's price has rebounded to $97,000 as trade tensions between the US and China ease, with investors optimistic about upcoming negotiations in Switzerland. The Federal Reserve's key interest rate decision is anticipated at 20:00, with a 99% chance of a pause, potentially influencing Bitcoin's trajectory towards the $100,000 mark. However, a disappointing outcome could lead to profit-taking, with the $95,000 level in focus as a downside risk.
The ATX index at the Vienna Stock Exchange rose 0.49% to 4,209.47, buoyed by gains from heavyweights Raiffeisen, Erste Group, and Verbund. In contrast, major European exchanges declined amid negative Wall Street news, while analysts anticipate a cautious approach from the Fed regarding interest rate cuts. Mayr-Melnhof shares fell 2.7% after trading ex-dividend, while Raiffeisen Bank International saw a target price increase from Deutsche Bank, leading to a 2.4% rise in its shares.
Rent and mortgage spending rose 5.2% year-on-year in April, slightly down from March, as lenders reduced rates. Confidence in the housing market remains steady, with 29% optimistic, while one in four mortgage holders are making overpayments to shorten their terms. Additionally, 35% of second homeowners are considering selling due to increased council tax premiums.
USD/JPY is struggling to maintain upward momentum after failing to break through key resistance at 146.50, with analysts warning of a potential deeper pullback towards 140 and below. The next critical support level is at 142; if breached, further declines to 140/139.50 and possibly 136.50 could follow.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
shorting usd jpy as downtrend resumes with favorable risk reward ratio
07:45 08.05.2025
Citigroup issues supplement document received by Central Bank of Ireland
03:05 08.05.2025
gold price rises amid trade dispute easing and fed rate decision anticipation
19:21 07.05.2025
Raiffeisen Bank reports stable profits amid challenges in Russia operations
17:00 07.05.2025
taiwan dollar surges raising concerns over economic stability and export challenges
15:36 07.05.2025
bank of england prepares for fourth rate cut amid economic uncertainty
15:18 07.05.2025
Bitcoin price rebounds to 97000 as trade tensions ease and Fed decision looms
14:31 07.05.2025
Vienna Stock Exchange rises as heavyweights drive ATX gains amid global trends
14:30 07.05.2025
uk housing market shows signs of resilience amid rising costs and mortgage rates
14:22 07.05.2025
USD JPY struggles at resistance signaling potential for deeper pullback
12:23 07.05.2025
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