USDJPY

European Open Preview – Yen up on trade deal pessimism; pound down on failed bid to block no-deal Brexit

Posted on June 13, 2019 at 8:11 am GMT

Major pairs struggle against the yen as the market mood sours on low hopes of a US-China trade deal US dollar also supported from risk-off despite softer-than-expected inflation data Pound gains then falls again as opposition MPs fail to get backing for legislation blocking a no-deal Brexit Safe havens back in demand Fading hopes that there could be a breakthrough in the stalled trade talks between the United States and China at the G20 summit weighed on market sentiment for [..]

Technical Analysis – USDJPY hovers below 109; descending channel holds in near term

Posted on June 13, 2019 at 6:43 am GMT

USDJPY has been on the sidelines for the most part of the week as the 109.00 level seems to be a real obstacle for the bulls. Over the last seven weeks the pair has been developing in a descending channel, erasing the bullish retracement from the 104.64 support. Technically, the price could lose some ground in the short-term as the RSI is moving downwards in the negative area, while the stochastic is creating a bearish cross within the %K and [..]

European Open Preview – Dollar drifts lower ahead of US inflation data; euro edges up on Trump tweet

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

US dollar drifts lower as markets await US inflation data for Fed rate clues Stocks turn negative as Trump says he’s “holding up the deal” with China Euro eyes fresh highs, gets a lift from Trump’s currency comments Risk appetite fades as US-China deal looking unlikely at G20 US stocks ended their five-day winning streak as hopes that the US and China would still be able to get the trade negotiations back on track at the G20 summit fast dwindled. [..]

Dollar on standby for US inflation and retail sales data after poor jobs report – Forex News Preview

Posted on June 11, 2019 at 10:52 am GMT

With rate cut expectations running high following Friday’s disappointing NFP report, the focus for the US dollar this week is firmly on the latest inflation and retail sales figures. The inflation data is released first on Wednesday at 12:30 GMT, followed by the retail sales report on Friday, at the same time. As concerns grow about a sharp slowdown in the US economy, investors will be watching this week’s indicators for more clues about the timing of a rate cut [..]

European Open Preview – Relief rally on Mexico deal continues; stocks and dollar advance

Posted on June 11, 2019 at 8:19 am GMT

Markets extend relief rally following US-Mexico deal that averted tariffs on Mexican imports Dollar and stocks edge higher, but gains capped amid doubts about Trump-Xi meeting at G20 Pound slips on GDP contraction; unable to find much support from hawkish BoE comments Risk appetite recovers further after US-Mexico truce The US dollar continued to edge higher on Tuesday, lifted by recovering Treasury yields as demand for safe-haven government bonds ebbed after President Trump struck a deal with Mexico over illegal [..]

European Open Preview – Dollar bounces back from soft jobs report on Mexico-US migrant deal

Posted on June 10, 2019 at 8:22 am GMT

Risk appetite recovers after the US unexpectedly suspends planned tariffs on Mexico indefinitely US dollar and global stocks boosted but Fed rate cut bets remain high following weak NFP report Disappointing Chinese data also limits risk-on as yuan hits fresh 2019 lows Markets lifted by surprise US-Mexico deal It was a positive start to trading on Monday as markets were greeted by some rare good news. President Trump unexpectedly suspended tariffs on all Mexican imports indefinitely late on Friday as [..]

Week Ahead – Busy data week for China, UK and US; SNB meets amid appreciating franc

Posted on June 7, 2019 at 11:38 am GMT

As the global growth outlook darkens again, traders will be paying attention to the slew of data that’s expected out of China, the United Kingdom and the United States next week for clues on how major economies are withstanding the increased trade uncertainty. Important indicators are also due from Australia and Japan, while the Eurozone will be enjoying a quieter few days. As central banks around the world switch to a more accommodative stance, the Swiss National Bank could be [..]

European Open Preview – Stocks buoyed by hopes of US-Mexico deal; dollar crawls higher ahead of NFP

Posted on June 7, 2019 at 8:30 am GMT

Markets hopeful the US and Mexico can reach a deal on migration to avert tariffs Dollar inches higher ahead of May nonfarm payrolls report Euro firmer after ECB meeting as Draghi fails to provide strong easing signals Optimism about US-Mexico talks lifts markets Global stock indices were headed for weekly gains as expectations that the US Federal Reserve and other central banks around the world would soon cut interest rates to counter the damaging impact of rising trade tensions lifted [..]

European Open Preview – Dollar see-saws on mixed data, trade risks; euro steady ahead of ECB

Posted on June 6, 2019 at 8:24 am GMT

US dollar stabilizes after roller-coaster session amid mixed data and little progress in US-Mexico talks Euro eases from 7-week highs as ECB meeting eyed for direction Oil plunges on rising stocks, global growth jitters but gold soars Fragile risk sentiment as hopes of Mexico deal fade Markets were mostly in a risk-averse mood on Thursday as hopes of a quick deal between the United States and Mexico over illegal migration were dashed after President Trump tweeted yesterday that “not nearly [..]

Japan’s household spending to allay worries on slowing demand – Forex News Preview

Posted on June 5, 2019 at 12:46 pm GMT

The Japanese safe-have yen, as usual, is not expected to react much on Friday midnight when household spending data for the month of April come out. But the numbers may ease worries over a slowing domestic demand that the initial Q1 GDP report generated, giving some relief to the Bank of Japan (BoJ) which has been long struggling to drive inflation to its target. In the first quarter, the Japanese economy expanded surprisingly by 0.5% q/q, beating forecasts of a [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms