USDJPY

US nonfarm payrolls eyed as market pressure grows on Fed to cut rates – Forex News Preview

Posted on June 5, 2019 at 10:59 am GMT

It’s that time of the month again and all eyes will be on the latest jobs report out of the United States on Friday at 12:30 GMT. The May figures are expected to be somewhat softer from April but no doubt still indicative of a strong economy. However, with markets strongly convinced that the Fed will have to cut rates soon, the jobs data is unlikely to alter those expectations unless there are big surprises in the data. With some [..]

European Open Preview – Stocks rally on Powell boost, dollar sinks further

Posted on June 5, 2019 at 8:20 am GMT

Global stocks receive a major boost from Fed’s Powell after he opens the door to a rate cut But rising rate cut expectations pull the US dollar to fresh lows Aussie extends gains despite weaker-than-expected GDP growth Stocks surge after Powell’s comments Fed Chairman Jerome Powell paved the way for a rate cut on Tuesday, in his first remarks since the collapse of the US-China trade talks. Speaking at a Fed event in Chicago, Powell referred to the recent spike [..]

European Open Preview – Dollar extends slide as Fed rate cut bets intensify; Powell speech eyed

Posted on June 4, 2019 at 8:16 am GMT

US dollar continues to nosedive as Treasury yields touch fresh lows on rising rate cut expectations RBA cuts rates but Australian dollar defiant as it climbs to 3-week high Tech stocks tumble as US giants, including Facebook and Apple, face antitrust probe Dollar sell-off shows no sign of abating The US currency is headed for its third straight day of sharp losses against a basket of currencies as traders continue to price in an increasing probability that the Federal Reserve [..]

European Open Preview – Dollar steadies after slump, yen holds firm as recession fears mount

Posted on June 3, 2019 at 8:19 am GMT

US dollar manages to stabilize after Friday’s slump but Treasury yields tumble to fresh lows US-China ties continue to deteriorate but some hope for deal with Mexico Aussie defies gravity, climbs to 3-week highs on upbeat data Dollar off lows but remains weighed by recession risks Markets were mired in a risk-averse theme on Monday as there was little prospect of the United States and China ending their worsening trade row. In fact, relations between the two global powers hit [..]

Technical Analysis – USDJPY plummets towards new 5-month trough around 108

Posted on June 3, 2019 at 7:02 am GMT

Since its deep fall towards five-month lows near 108.00 today, USDJPY has been plunging back below the 50.0% Fibonacci retracement level of the upleg from 104.64 to 112.40 near 108.55, creating a base beneath the short-term moving averages. The technical picture supports that the aggressive downfall is likely to continue in the short-term. The %K line of the stochastic oscillator has fallen sharply into oversold levels and posted a bearish crossover with the %D line. Also, the RSI is dropping [..]

Week Ahead – RBA and ECB meetings in focus; US jobs report eyed amid runaway dollar

Posted on May 31, 2019 at 10:48 am GMT

As the US dollar heads for fresh two-year highs, next week’s nonfarm payrolls report could be key in deciding whether the dollar’s persistent strength will hold out for much longer. The Australian dollar will also be under the spotlight as the country’s central bank could make its first rate cut in three years. The European Central Bank will meet too as the Eurozone struggles to escape the dark clouds hanging over it. In Canada, the latest employment report will be [..]

European Open Preview – Yen shines bright as Trump slaps tariffs on Mexico

Posted on May 31, 2019 at 7:58 am GMT

Risk aversion engulfs markets after US unleashes more trade havoc Dollar holds its ground even as Fed easing bets grow further US PCE inflation, German preliminary CPIs, and Canadian GDP due today Yen soars, loonie & peso crumble as Trump fires another tariff salvo Following a relatively calm session yesterday, risk aversion returned with a vengeance early on Friday, after the US President announced new tariffs overnight. All goods coming to the US from Mexico after June 10 will be [..]

European Open Preview – Dollar roars higher; Wall Street stabilizes, for now

Posted on May 30, 2019 at 8:20 am GMT

Dollar remains king as major peers continue to lack appeal Stocks calm down after drop, but perhaps only temporarily BoC stands pat, loonie drops as officials keep a lid on optimism Dollar reigns over FX market, nears 2-year highs The world’s reserve currency remains the undisputed king of the FX market, as investors continue to favor dollar-denominated assets amidst worries that the conflict between Washington and Beijing is slowly morphing into a new cold war. The greenback outperformed even the [..]

Technical Analysis – USDJPY bears could stay on the sidelines in short-term

Posted on May 30, 2019 at 6:43 am GMT

USDJPY is struggling to recover last week’s losses which drove the pair back into the 109 area but the positive slope of the RSI and the rebound in the Stochastics provide some optimism that the bears could stay on the sidelines in the short-term trading. The trend signals, however, are still negative as the pair has violated its January uptrend by creating a lower low and a lower high this month. A descent rally above the 110 level and the 20-day simple [..]

European Open Preview – Stocks slip as trade worries intensify; BoC decides

Posted on May 29, 2019 at 9:40 am GMT

Equities drop, safe havens soar as trade outlook darkens Bank of Canada meets today – may be a touch more optimistic Aussie resilient despite trade woes & RBA rate cut bets Trade woes return to haunt stocks; yen & dollar cruise higher Risk appetite turned sour again on Tuesday, as British and American traders returned to their desks after a long weekend and were met by more worrisome trade news. Recent reports citing Chinese officials suggest the real reason the [..]

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