USDJPY

Daily Market Comment – Risk aversion creeps in as virus death toll jumps

Posted on February 7, 2020 at 9:27 am GMT

Equities rally fades as spread of coronavirus shows no sign of slowing Yen edges up but dollar also holds firm ahead of US jobs report Pound set for large weekly losses amid Brexit brinkmanship Virus fears intensify; risk rally loses steam The relief rally sparked by China’s efforts to contain the coronavirus and support its economy appeared to run out of steam by the end of the week as most major stock indices in Asia turned red on Friday. Futures [..]

Virus treatment: Can it unleash a wave of risk appetite? – Special Report

Posted on February 6, 2020 at 4:22 pm GMT

The deadly virus theme that has plagued global markets, devastating commodity prices and risk-sensitive currencies, seems to be calming down. The rate of infections appears to be levelling off, and Chinese media suggest scientists found a drug that effectively treats patients. If confirmed, that could ignite a fresh wave of risk-taking, helping the commodity-linked Australian, Canadian, and New Zealand dollars to rally in relief, as safe-havens like the yen come under selling pressure. Is it a short-term thing? Evaluating the [..]

Daily Market Comment – US stocks extend bull run as China cuts tariffs, Trump gets acquitted

Posted on February 6, 2020 at 9:29 am GMT

Global stocks continue to rally on upbeat US data and as virus fears ease Risk-on further aided after China cuts US tariffs and President Trump gets acquitted Dollar climbs to 2-month highs, yen retreats Unstoppable Wall Street scales fresh records A string of positive developments added further impetus to the rebound in global stocks on Thursday, as the recovery extended into a third day. Global stock markets plunged last week with China playing catch up on Monday as fears about [..]

Technical Analysis – USDJPY finds wall near 110.00; fresh 2-week high

Posted on February 6, 2020 at 7:20 am GMT

USDJPY had an impressive bullish rally over the last three daily sessions, finding strong support at the five-month ascending trend line and the 108.30 barrier. Earlier today, the price recorded a new two-week high near the strong 110.00 psychological number, successfully surpassing the 20- and 40-day simple moving averages (SMAs). From a technical viewpoint, the stochastic entered in the overbought zone and is still pointing north, while the RSI indicator is moving up into the positive territory. Both are confirming [..]

Nonfarm payrolls: Could first report of 2020 send the dollar higher? – Forex News Preview

Posted on February 5, 2020 at 11:23 am GMT

The most followed US economic release, the Non-farm payroll report, is coming out this Friday at 13:30 GMT and the data will be closely watched as this will be the first print of the new year but also of the new decade. Despite the coronavirus scare, analysts believe that the US labor market kicked off the year on the right foot. The reaction in the dollar, however, will depend on whether the numbers will be able to smoothen markets’ dovish [..]

Daily Market Comment – Markets hold steady but virus risks linger; oil up as OPEC+ considers output cuts

Posted on February 5, 2020 at 9:33 am GMT

Stocks extend rebound but caution keeps gains in check Yen and gold edge back up as coronavirus death toll continues to rise OPEC+ holds technical meeting to discuss fresh cuts to output amid virus impact Markets remain calm but growth worries persist This week’s cash injection by Chinese authorities and pledges of additional stimulus if needed to stabilize the economy from the disruptions caused by the coronavirus outbreak helped maintain calm in financial markets on Wednesday. Stocks in Asia headed [..]

Daily Market Comment – Stocks steadier as China tries to calm markets; dollar up on ISM beat

Posted on February 4, 2020 at 9:28 am GMT

Chinese shares recoup some losses as authorities attempt to stem sell-off Dollar lifted by surprise pickup in US manufacturing activity Pound extends losses as UK and EU clash on post-Brexit trade arrangements Asian stocks turn green but virus fears persist Stocks in Asia took a breather from yesterday’s steep sell-off as Chinese authorities stepped in to limit the fallout from the worsening outbreak of the coronavirus, as the death toll continues to rise. A massive injection of liquidity by China’s [..]

Daily Market Comment – Chinese stocks fall apart, but currencies take a breather

Posted on February 3, 2020 at 10:04 am GMT

Equities in China fall ~8%, but broader market stabilizes after Friday’s selloff Recession fears reignite, pushing dollar down as Fed rate cuts are priced in Pound drops as Boris ‘talks tough’ – prelude of things to come? US Democratic primary begins, will Bernie Sanders spook stocks? Chinese equities disintegrate, despite PBoC rate cut The coronavirus theme continues to torment financial markets, with Chinese stocks closing lower by almost 8% today, on their first day back from holidays. The losses [..]

Week ahead – RBA meeting and US payrolls in focus as virus worries linger

Posted on January 31, 2020 at 1:18 pm GMT

The Reserve Bank of Australia (RBA) is the sole major central bank that will meet next week but that doesn’t mean the calendar is light, as there’s a cascade of crucial economic data to keep things exciting. The US employment report will reveal whether the recent ‘cracks’ in the labor market were just outliers in an otherwise healthy trend, or early signs of weakness. The answer could determine whether ‘king dollar’ will continue to reign over the FX market. More [..]

Daily Market Comment – Aussie tanks on virus worries; Pound flies as BoE holds

Posted on January 31, 2020 at 9:42 am GMT

Stocks stage major comeback as investors brush aside virus fears However, aussie and kiwi tell a different story – both drop substantially Is the Fed’s ‘not QE’ responsible for the divergence between stock and bond/FX markets? Pound roars higher as BoE keeps rates unchanged Stocks recover, as health officials soothe contagion concerns The market’s rollercoaster ride continued Thursday, with US equities recovering substantial losses to close into the green, even though earnings from heavyweight tech players like Facebook (-6.1%) and [..]

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