USDJPY

Technical Analysis – USDJPY remains bearish within 107 area

Posted on October 10, 2019 at 10:23 am GMT

USDJPY buyers seem to have a challenging resistance region of 107.49 – 107.80 to overcome, ahead of the restrictive 108.42 level, which is the 50.0% Fibonacci retracement of the down leg from 112.39 to 104.45. Although the price action is skewed to the downside, it remains between the 50- and 100-day simple moving averages (SMAs). The short-term oscillators and the flat Tenkan-sen suggest that directional momentum has evaporated. The MACD has distanced itself under its red trigger line, barely holding [..]

Daily Market Comment – Markets calm but choppy amid mixed signals on trade talks

Posted on October 10, 2019 at 8:28 am GMT

Conflicting reports on state of US-China trade talks pull sentiment in all directions Hope of a partial trade deal sees calm restored before top-level talks are set to start Euro shoots higher ahead of ECB minutes Pound not holding its breath for breakthrough as UK and Irish PMs meet for last-ditch Brexit talks Trade talks still dominating markets’ attention There’s no escaping the US-China trade war saga not even for a single day this week as the headlines keep rolling [..]

Daily Market Comment – Dollar holds firm even as Powell signals more rate cuts; trade optimism fades

Posted on October 9, 2019 at 8:23 am GMT

Fed’s Powell announces expansion of balance sheet, possible rate cuts but dollar supported by trade gloom Trade talks continue amid worsening US-China relations as US imposes more restrictions Pound slumps again as Brexit talks are close to collapse Dollar unshaken by dovish Powell The dollar index – a measure of the US currency against a basket of six rivals – edged up towards last week’s 2½-year peak of 99.67 as dimming hopes of a breakthrough in this week’s Sino-US trade [..]

Dollar eyes Fed minutes and US inflation for rate cut prospects – Forex News Preview

Posted on October 8, 2019 at 1:28 pm GMT

The Federal Reserve will publish the minutes of its September 17-18 policy meeting on Wednesday at 18:00 GMT. Inflation data out of the United States due on Thursday (12:30 GMT) will also be watched as investors seek clues for the Fed’s next move as the October meeting looms on the horizon. But with the US dollar unable to shake off its strong appeal in a weakening global economic backdrop, a boost to rate cut expectations from dovish minutes and/or soft [..]

Will the US-China talks disappoint markets? – Forex News Preview

Posted on October 8, 2019 at 10:34 am GMT

Top American and Chinese negotiators will face off in another round of trade talks on Thursday. Will the two sides reach a ‘limited’ trade deal, where Beijing buys agricultural US products in exchange for Washington postponing its planned tariff hikes? It’s a close call, but a failure to reach such a deal could leave markets disappointed and spark another bout of risk aversion. High hopes The stakes are especially high heading into this negotiating round, as the US is scheduled [..]

Daily Market Comment – Stocks edge up on cautious optimism for interim US-China trade deal; dollar steady

Posted on October 8, 2019 at 8:30 am GMT

Risk sentiment improves slightly on hopes US and China can reach limited trade deal Stocks, aussie and kiwi up, but most majors stuck in sideways ranges Pound under pressure as EU lists objections to Johnson’s Brexit plan Trade talks resume but little chance of breakthrough US and Chinese negotiators resumed trade talks in Washington on Monday amid a tense environment as the Trump administration added another 20 Chinese public security bureaus and 8 tech companies to its trade blacklist. Although [..]

Daily Market Comment – Subdued tone ahead of US-China trade talks; pound slips as Johnson given week to revise Brexit plan

Posted on October 7, 2019 at 8:08 am GMT

US-China trade talks dominate markets’ attention as hopes are low for a deal Yen edges up as trade and political uncertainties build up and growth outlook worsens Pound inches lower as Johnson given one week to revise proposed Brexit plan Trade talks in focus but optimism runs low The safe-haven yen and gold pushed higher on Monday as the week got off to a cautious start ahead of much-anticipated high-level trade discussions between the United Stated and China later this [..]

Week ahead – Interim trade deal or another salvo of tariffs?

Posted on October 4, 2019 at 12:54 pm GMT

Without a doubt, the main event next week will be the US-China trade talks, which commence on Thursday. Several key economic data are also on the menu, but those will only be a sideshow. Rather, what will make or break market sentiment is whether the two superpowers reach an ‘interim’ trade deal that deescalates tensions a little. It’s a very close call, but Trump may have more incentives not to strike a small deal, and keep ‘maximum pressure’ on Beijing [..]

Daily Market Comment – Pandemonium in markets after dismal data; US payrolls may disappoint too

Posted on October 4, 2019 at 8:09 am GMT

Yen climbs, dollar drops as dismal ISM non-manufacturing survey stokes recession worries Risk sentiment recovers by end of US session however, on stimulus hopes US nonfarm payrolls may also disappoint today; Fed chief Powell speaks too Market havoc continues as weak ISM PMI keeps investors wary The US services sector is starting to catch the cold that’s been tormenting the manufacturing sector in recent months, according to the latest ISM data. The non-manufacturing PMI for September fell by more than [..]

Could September Nonfarm payrolls report disappoint the dollar – Forex News Preview

Posted on October 3, 2019 at 3:19 pm GMT

The US government is announcing nonfarm payrolls this Friday at 12:30 GMT and earlier signs of a manufacturing recession have raised concerns that a miss in forecasts is possible. The dollar, though, is likely to hold firm as weakness in other major markets bodes well for its relative performance. In September, the US economy is said to have created 145k new job positions compared to 130k registered in the preceding month, maintaining the unemployment rate stable at the almost 50-year low of [..]

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