The currency strategists working for Wells Fargo feel neutral about the short-term dynamics of the Japanese Yen. However, they expect a decline in mid-term perspective.
According to the latest survey conducted by Bloomberg after the BOJ meeting, most respondents assume that the central bank is not going to change the key interest rate in the near future. The analysts say that the Bank of Japan will postpone its stimulation program till the December parliamentary election is over.
The Australian Dollar is weakening under the pressure of external news and the possibility that the RBA may act in the open market.
International news makes investors go risk-averse. Such a change in the overall sentiment starts pressing the New Zealand Dollar. At the same time, according to Chris Hunter from Western Union Business Solutions, the current economic situation in New Zealand lowers the risk of interest rate cuts.
Each beginning trader dreams of managing a big-scale account and making a lot of money. However, it is necessary to have a decent trading capital. Otherwise, there are 2 options left: Either to be contend with minor profits (if your trading is profitable), or to wait for years till you manage to built up a decent trading capital.
The Bank of England has downgraded its forecast for the prospects of the national economy. The inflation rate won’t probably reach the target range in time.
Australian consumers look more confidence this month. This is confirmed by the corresponding index calculated by Westpac, which has reached the 18-month high.
Investors keep being informed about problems in the New Zealand economy. This time it is about the retail sales report for Q3 2012.