USDJPY

Week Ahead – BoE and BoJ to stand pat, Riksbank may hike; last flash PMIs of 2019 eyed

Posted on December 13, 2019 at 11:47 am GMT

The last of the major central bank meetings of 2019 will be the main highlights next week as the Bank of England and Bank of Japan get their chance to set policy after the Fed and ECB decisions this week. Sweden’s and Norway’s central banks will too be holding policy meetings in the coming days and it’s going to be a busy week for economic data as well, with the December flash PMI releases attracting the most attention. The pound [..]

Daily Market Comment – Pound storms higher as Tories win; stocks hit new records on US-China deal

Posted on December 13, 2019 at 9:38 am GMT

Cable touches $1.35 as Conservatives win majority – but mind the risks on the horizon Yen disintegrates, stocks soar as US and China reportedly reach partial trade deal ECB provides little new; US retail sales the focus today Sterling flies as Conservatives secure big majority in Parliament The British pound exploded higher overnight, after exit polls for the UK election suggested that Boris Johnson’s Conservatives would win a strong majority in Parliament, something confirmed by the official results a few [..]

US tariff decision: Art of the deal or election playbook? – Special Report

Posted on December 12, 2019 at 5:10 pm GMT

The White House is set to announce whether it will postpone the next round of tariffs on China, with President Trump tweeting moments ago that a phase one deal is “very close”. Even if this deal isn’t reached by Sunday, when the new tariffs are set to kick in, Trump is still likely to postpone them in order to keep the negotiations going. It seems very unlikely at this stage that he would pull the trigger on the new tariffs, [..]

Daily Market Comment – Britain votes; Lagarde makes her ECB entrance

Posted on December 12, 2019 at 10:05 am GMT

UK election firmly in the spotlight as voting begins – results early on Friday ECB meets today, though any major market reaction is unlikely Fed signals no rate cuts in 2020, but Powell still talks the dollar down Brits elect their new government – lopsided risks for pound? The day of political reckoning has finally arrived for the United Kingdom. The much-anticipated general election will be held today, and the result will decide what form Brexit takes, whether there’s a [..]

Technical Analysis – USDJPY trapped under resistance trendline; neutral in short-term

Posted on December 12, 2019 at 8:20 am GMT

USDJPY could not reach the 110.00 level last week as the resistance trendline drawn from the October’s 2018 peaks blocked the bulls once again and pressed the price back down to the 50% Fibonacci of 108.40 of the upleg from 112.39 to 104.44. Technically, the pair may lack momentum in the short-term as long as the RSI and the MACD move around their neutral levels and the Ichimoku indicators ( Kijun-sen and Tenkan-sen) keep flattening. Nevertheless, a closing price below the [..]

echnical Analysis – USDJPY trapped under resistance trendline; neutral in short-term

Posted on December 12, 2019 at 8:19 am GMT

USDJPY could not reach the 110.00 level last week as the resistance trendline drawn from the October’s peaks blocked the bulls once again and pressed the price back down to the 50% Fibonacci of 108.40 of the upleg from 112.39 to 104.44. Technically, the pair may lack momentum in the short-term as long as the RSI and the MACD move around their neutral levels and the Ichimoku indicators ( Kijun-sen and Tenkan-sen) keep flattening. Nevertheless, a closing price below the 50% Fibonacci [..]

Daily Market Comment – Fed meets, new ‘dot plot’ could lift dollar

Posted on December 11, 2019 at 9:21 am GMT

Fed to stay on hold today; dollar may get a mild boost if ‘dots’ show no cuts in 2020 Sterling retreats as model-based poll saps hopes for a Tory majority Risk aversion fades after reports Washington may postpone upcoming tariffs Fed on hold, all eyes on the new ‘dots’ The spotlight will fall on the Federal Reserve today, which will conclude its policy meeting at 19:00 GMT. After slashing rates at the last three meetings, policymakers are now expected to [..]

Daily Market Comment – Currencies take a breather ahead of risk events, stocks retreat

Posted on December 10, 2019 at 10:03 am GMT

FX market stays quiet as news flow dries up and traders await Fed decision tomorrow Pound perks up as Tories maintain poll lead; Yougov model today at 22:00 GMT may be critical Currencies snooze, equities retreat as investors position for risk events It was a very quiet session for financial markets, with most major currency pairs trading in tight ranges and ending little changed overall, without any major news to drive the price action. Stocks inched lower, with the [..]

Daily Market Comment – Dollar jumps on solid NFP; markets brace for huge week

Posted on December 9, 2019 at 9:35 am GMT

Greenback and stocks cheer after blockbuster jobs report, but yen tells a different story Loonie nosedives on weak employment data, despite higher oil prices Calendar is low key today, but week is packed: Fed, ECB, UK election, tariff decision Dollar shoots higher as nonfarm payrolls smash expectations It was all about the US employment data on Friday, which easily beat forecasts. Nonfarm payrolls clocked in at 266k, much higher than the expected 180k, with last month’s print also revised up. [..]

Week ahead – Fed and ECB meetings to serve as appetizers for UK election

Posted on December 6, 2019 at 2:04 pm GMT

The main event will be the UK general election on Thursday, which could decide what form Brexit takes and shape the pound’s fortunes for months. Central bank meetings will serve as a prelude. The Fed is set to keep rates unchanged, and may reinforce the message that it will remain on hold for a while. The ECB will hold its first gathering under the leadership of Christine Lagarde, but is unlikely to provide any fireworks. Instead, trade news could dominate, [..]

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