USDJPY

US Jobs growth to pick up; wage growth to remain robust – Forex News Preview

Posted on April 3, 2019 at 2:39 pm GMT

The US dollar shrugged off downbeat retail sales and inflation figures recently as business data surveyed by the ISM institute indicated that production, new orders and employment bounced up in the previous month, helping 16 out of 18 manufacturing industries to pick up growth. The data volatility is now extending to the end of the week when the March Nonfarm payrolls report is awaited by investors to reassess their outlook on the Fed’s frozen monetary tightening plans. The Fed has [..]

European Open Preview – Pound climbs as May warms up to Corbyn; stocks jump

Posted on April 3, 2019 at 8:03 am GMT

Encouraging trade signals lift risk sentiment; high-level talks resume today Sterling climbs as May warms up to Corbyn to break deadlock Dollar pulls back ahead of ADP report and ISM non-manufacturing PMI Risk appetite boosted by hopes for trade breakthrough After a relatively uneventful session on Tuesday, during which major US stock indices such as the S&P 500 closed flat, risk sentiment was lifted overnight by some encouraging signs on the trade front. Reports suggest that top US and Chinese [..]

European Open Preview – Stocks, dollar rip higher as growth fears ease

Posted on April 2, 2019 at 8:17 am GMT

Rebound in Chinese PMIs fuels rally in global stocks, dollar advances Pound outperforms as ‘soft’ Brexit outcomes or long extension seem likely Aussie drops after RBA recalibrates language Stocks and dollar cruise higher as China-induced rally lingers Global equity markets started the second quarter on a strong footing, after a decent set of PMI data out of China during the weekend calmed some nerves around the global growth outlook, amplifying the appeal of riskier assets. Wall Street shares rallied, with [..]

Week Ahead – RBA to mull dovish shift; resilient dollar eyes US jobs report

Posted on March 29, 2019 at 1:19 pm GMT

Bond markets will remain on edge in the coming week as the Reserve Bank of Australia could become the next central bank to switch to a dovish stance and possibly amplify the flight to safety, which has sent sovereign bond yields plummeting. Another catalyst for market volatility could come from the US jobs report, which has the capacity to either reverse or extend the rally in bond prices. There will be no shortage of US data with plenty of other [..]

US retail sales and ISM manufacturing PMI eyed amid slowdown fears – Forex News Preview

Posted on March 29, 2019 at 11:03 am GMT

Following the inversion of the US yield curve in the past week, retail sales figures and the ISM manufacturing PMI will be attracting attention on Monday as recession fears mount. The retail sales data are due at 13:30 GMT, while the ISM manufacturing gauge will be released slightly later at 15:00 GMT. With the US dollar’s declines so far being fairly limited after the Fed hit the pause button on further rate hikes, the greenback could be susceptible to downside [..]

European Open Preview – Pound plunges as May makes final push for her deal; dollar holds firm as trade talks eyed

Posted on March 29, 2019 at 9:25 am GMT

Sterling is in freefall again after Prime Minister May decides to put her deal to a third vote, but without the political deceleration on a future relationship Dollar holds near highs despite lower GDP revision as Treasury yields recover Stocks bounce back as bond rally eases and on optimism of US-China trade deal MPs to vote again on Withdrawal Agreement minus the political declaration British prime minister, Theresa May, made a last-ditch attempt to get her Brexit deal through Parliament. [..]

US core PCE inflation to reinforce Fed’s patience – Forex News Preview

Posted on March 28, 2019 at 2:49 pm GMT

Fed chairman, Jerome Powell, said at his press conference following the March FOMC policy meeting that as long as inflation holds close to the target the central bank has room to remain “patient”. The core PCE price index delivered on Friday at 1230 GMT is expected to support Powel’s comments, while personal consumption and personal income readings published alongside price figures could restore some optimism for the US economy. The core PCE index, the Fed’s most favorite inflation measure, is [..]

European Open Preview – Dollar firms as its peers struggle; pound slips as MPs fail to reach Brexit consensus

Posted on March 28, 2019 at 9:25 am GMT

US dollar continues to inch higher despite falling yields as more central banks join dovish bandwagon Pound comes under pressure after indicative votes produce no majority for any option and May’s offer to quit fails to win enough support for her deal Kiwi and aussie rebound from lows but euro extends declines Dollar defies lower US yields as other government bond yields fall more The US currency rose to fresh two-week highs on Thursday, with the dollar index approaching the [..]

Technical Analysis – USDJPY surrounded by negative vibes in short term

Posted on March 28, 2019 at 8:14 am GMT

USDJPY is declining for the second day after a failing attempt on Tuesday to recover above the 61.8% Fibonacci of the downleg from 114.54 to 104.64 and the January uptrend line. Technically, the bearish sentiment could grow further in the short term as the MACD keeps strengthening in negative territory and below its red signal line. The RSI is distancing itself below its 50 neutral threshold, backing this view as well, while the negative slope in the 20-day moving average suggests [..]

European Open Preview – Dollar edges up as Treasury yields stabilize; Kiwi slumps as RBNZ hints at rate cut

Posted on March 27, 2019 at 9:17 am GMT

Dollar firmer despite weak US data as Treasury rally eases New Zealand dollar nosedives after RBNZ says rate cut more likely than a hike Pound choppy ahead of crucial indicative votes on Brexit in Parliament Steadier Treasury yields help dollar regain some footing The US dollar edged higher against a basket of currencies on Wednesday, extending Tuesday’s gains, as steadier Treasury yields alleviated the recent selling pressure, especially against the yen. The dollar index rose to a 2-week high of [..]

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