USDJPY

US Open Preview – Dollar hits fresh 3-week highs ahead of FOMC rate decision

Posted on June 13, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: Sterling dipped towards a 1-week low of 1.3310 against the US dollar on Wednesday (-0.20%) after CPI figures out of the UK missed slightly expectations on a yearly basis, coming at 2.4% instead of 2.5% analysts forecasted. Dollar/yen reached a 3-week high of 110.71 (0.15%) before the two-day FOMC policy meeting concludes later today, which will give hints on how many more rate hikes are in the Fed’s radar. The dollar index, which measures the dollar’s [..]

US retail sales expected to accelerate in May; dollar sensitive to other events as well – Forex News Preview

Posted on June 13, 2018 at 9:26 am GMT

In an overall eventful week for the US, retail sales figures for May are due out of the country on Thursday at 1230 GMT and are anticipated to attract market participants’ attention. Retail sales are expected to grow by 0.4% m/m in May, double April’s growth rate. Meanwhile, the measure of sales that excludes automobiles – core retail sales – is projected to expand by 0.5% on a monthly basis, after rising by 0.3% in April. The US economy is [..]

European Open Preview – Dollar inches up ahead of Fed decision; UK CPI coming up

Posted on June 13, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher by a little more than 0.1% on Wednesday, ahead of the Fed policy decision at 1800 GMT, where the central bank is widely anticipated to raise interest rates. In the UK, sterling managed to rebound against the euro and the yen yesterday, following a vote in Parliament that was interpreted as making a “softer” Brexit more likely. STOCKS: US markets closed mixed on Wednesday, with the Nasdaq [..]

Dollar firm as rate hike imminent; But will Fed also raise rate path forecast? – Forex News Preview

Posted on June 12, 2018 at 1:47 pm GMT

The US Federal Reserve is widely expected to deliver a 25 basis points increase to its benchmark interest rate on Wednesday. The announcement, due at 18:00 GMT on Wednesday, will come alongside the FOMC’s quarterly economic projections and will be followed with a press conference by Fed Chair Jerome Powell 30 minutes later. With a rate hike mostly priced in by the markets, the debate is whether the Fed will feel confident enough to signal two additional rate hikes this [..]

US Open Preview – Sterling heads up despite a miss in wage numbers; Brexit vote in Parliament eyed

Posted on June 12, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: The greenback moved higher to a new three-week high of 110.49 versus the Japanese yen on Tuesday (+0.22%) after a successful meeting between the US President Donald Trump and the North Korean leader Kim Jong Un during the Asia session. They agreed to achieve a complete denuclearization of the Korean peninsula while Washington committed to provide security guarantees to North Korea but kept sanctions against its old enemy in place for now. Later in the day, [..]

European Open Preview – Risk appetite buoyed by geopolitics; UK jobs data due in the midst of Brexit developments

Posted on June 12, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.2% higher on Tuesday, ahead of the release of the US inflation data for May and as the Fed kicks off its two-day policy gathering. Meanwhile, the yen is on the back foot as the encouraging outcome in the Donald Trump – Kim Jong-un meeting is supporting risk appetite and diverting flows out of haven assets. STOCKS: Wall Street indices closed higher on Monday, though the gains were [..]

US inflation data in sight as Fed gathers – Forex News Preview

Posted on June 11, 2018 at 1:27 pm GMT

As Fed policymakers kick off their two-day policy meeting on Tuesday, the US will also release its inflation readings for May, at 1230 GMT. Forecasts point to a further acceleration in price pressures, something that could amplify speculation for a more hawkish set of rate-path projections by policymakers and thereby, enhance the dollar’s appeal ahead of the actual rate decision. US inflation has been steadily picking up speed over past months, fueled by robust gains in the labor market, one-off [..]

US Open Preview – Dollar enjoys gains as attention shifts to geopolitics and monetary policy

Posted on June 11, 2018 at 11:59 am GMT

Here are the latest developments in global markets: FOREX: The US dollar managed to cross slightly above the 110.00 key level against the Japanese yen on Monday to reach an intraday high of 110.06 ahead of a historic summit between the US President and the North Korean leader on Tuesday and the conclusion of the two-day FOMC policy meeting on Wednesday. The US dollar index which measures the greenback’s performance against a basket of six major currencies moved slightly higher by 0.07% today. Euro/dollar edged [..]

European Open Preview – Yen retreats ahead of key events; UK manufacturing output coming up

Posted on June 11, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which measures the greenback’s performance against a basket of six major currencies – is lower on Monday, though by less than 0.2%. The euro is higher across the board, as some encouraging remarks from Italy’s new finance minister helped to calm markets. Meanwhile, the yen is on the back foot amid subsiding European political risks, and as investors position for the several events this week will bring. [..]

Week Ahead – Policy shift looms as Fed and ECB meet; UK and US inflation also in focus

Posted on June 8, 2018 at 12:10 pm GMT

All eyes will be on the US Federal Reserve and the European Central Bank next week as the two central banks are expected to take further steps towards policy normalization. In contrast, the policy meeting by the Bank of Japan is anticipated to be a non-event. Economic data will also be making the headlines as inflation figures are released in the UK and the US, employment numbers are due in Australia and the UK, and retail sales data will be [..]

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