USDJPY

European Open Preview – Aussie and Chinese stocks lifted as Trump delays tariff deadline; dollar steady

Posted on February 25, 2019 at 9:10 am GMT

Trump extends March 1 deadline, citing “substantial progress” in trade talks with China Aussie and Chinese shares surge on the news but overall market reaction muted Pound inches higher on increased talk of Brexit delay US and China edge closer to a trade deal Financial markets got off to a positive start on Monday as traders were greeted with President Trump’s tweets that there was “substantial progress” in trade negotiations between the United States and China last week. Trump also [..]

Week Ahead – Long overdue US Q4 GDP, other data backlog to dominate

Posted on February 22, 2019 at 2:31 pm GMT

The fourth quarter GDP estimates for the United States will finally be published next week following the disruption to the American release calendar from the government shutdown. Canadian GDP will also be in focus, along with core PCE inflation numbers out of the US. Other notable releases include Japanese and Australian capital expenditure figures for Q4, as well as Eurozone flash inflation and Chinese manufacturing PMIs. Trade talks between the US and China will also be on investors’ radar as [..]

European Open Preview – All eyes on Washington as trade talks wrap up

Posted on February 22, 2019 at 8:57 am GMT

Markets will focus on trade today, as another round of US-China talks wraps up Euro looks to Germany’s Ifo survey and remarks by ECB’s Draghi Meanwhile, antipodeans are mixed amid headlines out of China and the RBNZ All eyes on Washington as another round of trade talks concludes Global risk sentiment turned sour on Thursday, with European and American equity markets closing in the red, following a string of disappointing economic data out of both regions. Accordingly, the defensive Japanese [..]

European Open Preview – Dollar ticks up after Fed minutes; aussie sinks

Posted on February 21, 2019 at 9:12 am GMT

Dollar ticks up after Fed minutes keep possibility of rate hikes alive European PMIs and ECB minutes the highlights of today’s agenda Aussie torpedoed as Chinese port bans Australian coal imports High-level trade talks resume in Washington Dollar crawls higher as Fed minutes aren’t as dovish as expected The minutes of the January Fed meeting confirmed the central bank will stay sidelined for a while amid several uncertainties, particularly in the global outlook. There was also broad consensus to end [..]

Technical Analysis – USDJPY holds bullish bias within ascending channel

Posted on February 21, 2019 at 8:16 am GMT

USDJPY failed to hold gains above the 111 level last week but it refrained from crossing below the 50-day moving average (MA), following a sideway path instead. The pair is developing within the upper area of the ascending channel, while the MACD continues to improve above its red signal line and in positive territory, suggesting that the pair is more likely to hold higher in the short-term. The RSI keeps rising as well but with the indicator trending close to the overbought mark of 70, negative [..]

US durable goods and manufacturing gauges unlikely to faze dollar – Forex News Preview

Posted on February 20, 2019 at 2:37 pm GMT

Thursday will be a busy day for US data with a slew of releases on the agenda. The delayed durable goods orders report for December, due at 13:30 GMT, could be overlooked in favour of the more up-to-date manufacturing activity indicators for February. The Philly Fed manufacturing index will be posted at 13:30 GMT, followed by the IHS Markit manufacturing PMI at 14:45 GMT. Existing home sales for January will also be watched at 15:00 GMT. The US dollar could [..]

Japanese core inflation to inch up but BoJ asks for more – Forex News Preview

Posted on February 20, 2019 at 1:44 pm GMT

Inflation pressures in Japan decelerated in the last quarter of 2018, forcing the central bank to lower its inflation expectations for 2019. In January, the core Consumer Price Index (CPI) is anticipated to show a mild rise, but with global risks threatening to boost the safe-haven yen in coming months, questions are now arising about whether the measure could continue to recover in coming months. On Thursday at 2330 GMT, the core CPI for the month of January is forecast to tick up by [..]

European Open Preview – Dollar retreats ahead of Fed minutes; pound soars

Posted on February 20, 2019 at 8:49 am GMT

Greenback pulls back on expectations for ‘dovish’ Fed minutes today Pound outperforms, soars back above $1.30 without Brexit news Gold sails past 10-month highs amid a quiet flight to safety Dollar retreats as traders brace for ‘dovish’ Fed minutes The dollar gave up some early gains on Tuesday to close the session much lower overall against a basket of six major currencies, as US traders returned to their desks after a holiday. While this retreat started without a clear catalyst, [..]

FOMC minutes to reinforce ‘patient’ mode; may offer clues on balance sheet reduction – Forex News Preview

Posted on February 19, 2019 at 1:32 pm GMT

The minutes of the Federal Reserve’s January policy meeting are due to be published on Wednesday at 19:00 GMT and will be inspected for confirmation that the world’s most important central bank is on hold for the foreseeable future. However, since January, policymakers, including Chairman Jerome Powell, have been pretty consistent in signaling that the Fed is in wait-and-see mode, hence, the focus of the minutes will be on possible changes to the balance sheet reduction plan. Although the Fed’s [..]

European Open Preview – Markets quiet as trade talks resume

Posted on February 19, 2019 at 8:58 am GMT

Markets quiet as new round of trade talks kicks off Sterling unfazed as Labour MPs split, looks to UK jobs data today Yen ticks down after BoJ chief teases further easing Subdued market moves ahead of fresh negotiating round Stocks in Asia are mostly in the green on Tuesday, albeit only modestly so, while US markets remained closed on Monday for a public holiday. Moves in the FX market were equally subdued to kick off the week, with price action [..]

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