USDJPY

Daily Market Comment – Trump teases negative rates, spooks dollar

Posted on November 19, 2019 at 9:24 am GMT

Dollar drops as Trump meets Powell to discuss interest rates and FX US stocks shrug off negative trade headlines, claim new record highs Aussie pulls back after RBA minutes, but recovers Dollar retreats as Trump discusses negative rates with Powell Fed Chairman Jay Powell met with President Donald Trump on Monday to discuss the economy. The latter then tweeted out that the conversation centered around how high US interest rates are relative to other advanced economies, the prospect of negative [..]

Daily Market Comment – Markets stay in a risk-on mood; pound climbs

Posted on November 18, 2019 at 9:48 am GMT

Stock markets climb, safe havens drop as trade optimism lingers Sterling pushes higher as Brexit Party stands down – focus remains on election polls Dollar ticks down after mixed retail sales, but broader picture still promising US stocks to open at yet another record high; yen retreats Risk appetite remained firm at the end of last week, with all three of the major US stock indices closing at new records, after a high-ranking White House official played up the prospect [..]

Daily Market Comment – Stocks storm to new highs on more trade euphoria

Posted on November 15, 2019 at 9:37 am GMT

US equities claim new highs on trade hopes, but the FX market is doubtful Dollar braces for retail sales figures today Trump could announce his decision on EU car tariffs any moment US stocks to open at new records as Kudlow hypes ‘phase one’ deal Another day, another record high for US equity markets. Futures point to a notably higher open on Wall Street today, the S&P 500 expected to gain 0.45%, after Larry Kudlow – one of Trump’s closest [..]

Daily Market Comment – Germany dodges a recession, but euro remains skeptical

Posted on November 14, 2019 at 10:11 am GMT

Technical recession avoided in Germany, but outlook for euro still bleak American stock markets hit new records, ignoring gloomy trade news Lots of Fed-speak today, starring Powell, Clarida, and Williams – the Fed’s ‘top 3’ Germany dodges a recession, but euro can’t catch a break Europe’s largest economy narrowly escaped a technical recession in Q3, with GDP growth clocking in at 0.1% in quarterly terms, overcoming the consensus for a negative 0.1% print. It appears that the recession in the [..]

Technical Analysis – USDJPY to hold between upward-sloping trendlines

Posted on November 14, 2019 at 8:11 am GMT

USDJPY erased a portion of last week’s gains after failing to close above 109.50, which is the 61.8% Fibonacci of the downleg from 112.39 to 104.44 and a threshold the pair needs to breach to resume positive direction in the three-month picture (medium-term). Technically, the pair could record a neutral session in the short-term as the RSI has almost reached its 50 neutral mark, while the MACD is extending its sideways move around its signal line. On the downside, the ascending [..]

Solid Q3 GDP for Japan, but weakness ahead? – Forex News Preview

Posted on November 13, 2019 at 1:50 pm GMT

Japanese GDP numbers for Q3 are coming up during the early Asian session on Thursday (Wednesday 23:50 GMT). Forecasts point to a solid quarter, as domestic demand remained strong even despite global worries keeping a lid on exports. That said, much of that strength was likely owed to consumers front-loading purchases ahead of a planned VAT increase, so the next quarter may be especially weak as consumption falters. As for the yen, it has gotten beaten up recently, but if [..]

Daily Market Comment – RBNZ catapults kiwi higher; Trump decides on EU tariffs

Posted on November 13, 2019 at 9:35 am GMT

Kiwi outperforms as RBNZ surprisingly refrains from cutting rates Markets in a slight risk-off mood as trade doubts reemerge Today: Trump decides on EU tariffs, Fed chief Powell testifies, and US CPI data RBNZ surprisingly keeps rates unchanged, propels kiwi higher To the surprise of many, the Reserve Bank of New Zealand (RBNZ) kept its policy rate unchanged overnight, confounding forecasts and market expectations, as a rate cut was priced in with an ~80% probability. Even though policymakers kept the [..]

Daily Market Comment – RBNZ to slash rates; more blues for the kiwi?

Posted on November 12, 2019 at 9:35 am GMT

Kiwi underperforms as investors bet that RBNZ will cut rates overnight Pound rejoices as Brexit party warms up to Tories, but risks seem tilted to the downside UK jobs data, Germany’s ZEW survey, and Fed-speak today RBNZ set to cut rates after inflation expectations drop The Reserve Bank of New Zealand (RBNZ) will announce its rate decision early on Wednesday, at 02:00 GMT. A rate cut seems quite likely, after a survey released overnight showed that the nation’s 2-year inflation [..]

Daily Market Comment – US stocks cruise to new records, but Hong Kong weighs

Posted on November 11, 2019 at 9:41 am GMT

Risk aversion strikes back as Hong Kong protests intensify and trade doubts resurface Dollar advances without new catalysts, loonie stumbles on weak data UK GDP numbers due, but sterling keeps its sights on election polls Hong Kong jitters send global equities back down, lift yen US stock markets levitated to new records on Friday, undeterred by some remarks from President Trump that he hasn’t decided yet whether he is willing to roll back tariffs on China to get the ‘phase [..]

Week ahead – German recession, RBNZ rate decision, and a flood of data

Posted on November 8, 2019 at 1:47 pm GMT

The RBNZ will be the lone major central bank to decide on rates next week, but that doesn’t mean the schedule is light, as there’s an abundance of key economic data ripe for release. German growth figures will reveal if the euro area’s traditional star player entered a technical recession, while in America, a testimony by Fed chief Jay Powell could provide clues around the recent ‘pause’ in rate cuts. Beyond regular economics, markets will keep a watchful eye on [..]

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