-
Indices in the Asia-Pacific region are mixed. The Chinese market stands out with declines, where indices are losing about 1.00%. Meanwhile, other indices are recording gains. The Australian S&P ASX 200 is up 0.80%, and the Japanese Nikkei 225 is up 1.40%.
-
The Bank of Japan leaves interest rates unchanged at -0.10%, in line with expectations.
-
BoJ expects a gradual increase in core inflation towards price stabilization. Meanwhile, headline inflation is expected to rise above 2.0% in the next fiscal year.
-
The Japanese Yen is one of the weakest currencies following the BoJ's decision and press conference. The USDJPY currency pair gains 0.50% to 143.500.
-
In the first part of the day, minutes from the December meeting of the RBA, the Reserve Bank of Australia, were published. The Board noted that the inflation forecast assumes its return to the upper part of the target range only by the end of 2025.
-
The RBA Board considered between leaving rates unchanged and raising them by 25 basis points. Further tightening will be decided based on data and risk assessment.
-
As a result of the market's somewhat hawkish reception of the minutes, the Australian dollar remains one of the strongest currencies among G10 countries.
-
In the precious metals market, we observe mixed sentiments. Gold, GOLD, is trading lower by 0.15%. However, the price remains above the key barrier of 2000 USD at 2023 USD per ounce. Silver is recording gains, up 0.20% to 23.80 USD.
-
Cryptocurrencies continue the gains started in the second part of yesterday. Bitcoin is up 0.60% and is trading at 42900 USD. Larger gains are observed in Ethereum, which is up 1.20% to 2250 USD.
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
