USDJPY

European Open Preview – Aussie recovers from RBA-induced losses; UK services PMI and EZ retail sales due

Posted on June 5, 2018 at 7:54 am GMT

Here are the latest developments in global markets: FOREX: The dollar index, which gauges the greenback against six major currencies, was little changed on Tuesday. Meanwhile, the aussie recorded some losses after some RBA comments on the outlook for inflation supported lower rates for longer. Nevertheless, the currency managed to largely recover its earlier losses. STOCKS: Major US indices finished in the green yesterday, with the Dow and the Nasdaq Composite adding 0.7% and the S&P 500 rising by 0.45%. [..]

US Open Preview – Euro heads north as investors’ rate optimism resumes; RBA rate decision next

Posted on June 4, 2018 at 12:04 pm GMT

Here are the latest developments in global markets: FOREX: The Australian dollar continued to outperform its peers rallying by 1.12% against its US counterpart and by 1.20% against the Japanese yen as upbeat retail sales readings and business inventories raised growth prospects ahead of the release of Q1 GDP growth on Wednesday. Its New Zealand cousin was also moving higher, elevated by 0.82% versus the greenback, despite markets in New Zealand being closed for public holiday. Euro/dollar and euro/yen climbed to 1 ½-week highs [..]

European Open Preview – Aussie gains on retail sales beat; trade developments remain in focus

Posted on June 4, 2018 at 7:56 am GMT

Here are the latest developments in global markets: FOREX: The dollar eased a bit versus a basket of currencies on Monday after being boosted on Friday on the back of a largely upbeat US employment report. The aussie was a notable outperformer versus the greenback, being helped by better-than-expected Australian retail sales data. STOCKS: Wall Street’s major benchmarks closed considerably higher on Friday, with the positive sentiment carrying through to today’s Asian session. The Japanese Nikkei 225 and Topix indices [..]

Week Ahead – Aussie in the spotlight as Australian GDP and RBA meeting eyed

Posted on June 1, 2018 at 12:54 pm GMT

Trade figures will dominate next week’s calendar with a number of nations publishing monthly data, though they’re unlikely to attract as many headlines as US protectionism as trade risks appear to be on the rise again. The Australian dollar will be in focus for much of the week as the Reserve Bank of Australia holds a policy meeting and first quarter economic performance is examined. Canadian jobs numbers and GDP revisions in the Eurozone and Japan will also be watched, [..]

US Open Preview – Dollar up on yen despite trade noise; NFP employment report the next challenge

Posted on June 1, 2018 at 11:43 am GMT

Here are the latest developments in global markets: FOREX: The US dollar edged higher by 0.38% on Friday against the Japanese yen and jumped above the 109.00 psychological level ahead of the US employment report for May later in the day. It is the last NFP data before the June Fed meeting. The US dollar index – which tracks the greenback’s performance versus a basket of six major currencies – traded slightly higher by 0.07% at 94.05. Meanwhile, euro/dollar is poised to post its first week [..]

European Open Preview – Trade tensions escalate as political risks fade; US jobs figures the data-highlight

Posted on June 1, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is a little more than 0.1% higher on Friday, ahead of the release of the always-important US employment report at 1230 GMT. Elsewhere, the Canadian dollar dived yesterday following discouraging news on the trade front, while the euro continued to regain ground as Italy’s political impasse came to an end. STOCKS: Wall Street closed lower on Thursday, as an escalation of trade tensions suppressed risk appetite. The Dow Jones [..]

US Open Preview – Euro holds up on political relief; US core PCE inflation ahead

Posted on May 31, 2018 at 11:43 am GMT

Here are the latest developments in global markets: FOREX: The euro extended its gains on Thursday by 0.33% against the US dollar as Italian bond yields fell amid signs that Italy is trying to form a government, potentially avoiding an early election. In terms of data, the Eurozone CPI rose by 1.9% y/y in May above April’s growth mark of 1.2%, while the unemployment rate decreased to 8.5% in April, following an upwardly revised 8.6% in March, compared with the forecast of 8.4%. Dollar/yen moved lower by [..]

US employment report to give markets a break from politics – Forex News Preview

Posted on May 31, 2018 at 10:46 am GMT

After trading almost solely on politics over the past few days, financial markets will probably turn their gaze back to economics on Friday, when the US releases its employment data at 1230 GMT. Forecasts point to a solid report overall, which could cement market expectations for a June hike – that has come under some doubt lately – and perhaps help the dollar extend its winning streak. The US labor market is expected to have printed another decent month in [..]

European Open Preview – Euro rebounds as Italian risks recede for now; inflation data the next euro-mover

Posted on May 31, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance versus a basket of six major currencies – was down by 0.2% on Thursday, extending the losses it posted the previous day. The pullback was mainly owed to a rebound in the euro, the currency that holds more than 50% of the weight in the dollar index. Meanwhile, the Canadian dollar surged following some hawkish hints from the nation’s central bank. STOCKS: [..]

Technical Analysis – USDJPY pauses above 5-week low but remains below 40-day SMA

Posted on May 31, 2018 at 6:23 am GMT

USDJPY recorded a stunning sell-off rally last week and the bearish movement continues this week, with the price diving several times below the 108.65 support level. On Tuesday, the pair posted a five-week low of 108.10 and currently is trading slightly above this trough. The momentum indicators are endorsing the bearish structure in the short-term as both, the RSI and the MACD, are moving lower. In the daily timeframe, the RSI indicator is pointing to the downside below the threshold [..]

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