USDJPY

European Open Preview – Stocks & commodity currencies cheer trade progress

Posted on February 18, 2019 at 9:05 am GMT

Risk sentiment buoyed by signs of progress in US-China talks, though risk of auto tariffs casts shadow ECB’s Coeure sends the euro lower, but single currency bounces back US and Canada closed for today, attention may be on Brexit Stocks rally alongside commodity currencies amid trade “progress” Encouraging headlines around the US-China trade talks boosted global risk sentiment on Friday, following the conclusion of the high-level talks in Beijing. Both sides played up hopes for a deal, with President Trump [..]

Week Ahead – Flash February PMIs eyed for growth clues; Fed and ECB minutes to be watched too

Posted on February 15, 2019 at 1:34 pm GMT

The focus will firmly be on economic indicators next week as political and central bank events temporarily take a back seat. The latest PMI releases for the Eurozone will be one of the highlights as growth in the region grinds to a halt, while employment numbers out of Australia and the United Kingdom will attract attention too. Japanese trade and inflation figures will also be on investors’ watch list. Central banks will not be totally absent, however, as the latest [..]

European Open Preview – Dollar, stocks retreat as data and trade talks disappoint

Posted on February 15, 2019 at 8:57 am GMT

Dollar and equities pull back after US retail sales plummet and trade talks seem likely to disappoint Pound underperforms as PM May loses another Brexit vote Euro/dollar stabilizes somewhat, supported by rate differentials UK retail sales and early US data for February coming up today Dollar drops alongside stocks as retail sales plunge, trade optimism fades The dollar retreated in tandem with US equity markets yesterday, both giving back some of their recent gains, following disappointing US data and signs [..]

European Open Preview – Markets climb on trade euphoria; dollar rally revitalized

Posted on February 14, 2019 at 8:54 am GMT

Stock markets grind higher as trade hopes grow, but caution warranted Dollar bulls back in the driver’s seat as core inflation beats forecasts Aussie and kiwi outperforming on Chinese data; focus on trade talks Trade euphoria keeps markets afloat as talks commence, but mind the risks US stock markets continued their march higher yesterday, and futures suggest they are set to open in the green today as well, buoyed by optimism around trade after the US President indicated the talks [..]

Japan to return to growth in Q4 but global slowdown to weigh on outlook – Forex News Preview

Posted on February 13, 2019 at 3:08 pm GMT

Japan will post fourth quarter GDP numbers on Thursday (23:50 GMT, Wednesday) with growth expected to have partially recovered from a third quarter contraction. But with global growth decelerating at a worrying rate and the sales tax in Japan due to rise in October, a modest rebound at the end of 2018 is unlikely to diminish the risk of more negative quarters to come in 2019. A rebound in business spending and private consumption is expected to have lifted [..]

European Open Preview – Kiwi roars back as RBNZ disappoints the bears

Posted on February 13, 2019 at 8:56 am GMT

Kiwi skyrockets after RBNZ refrains from signaling rate cuts, but downside risks linger Trump’s trade comments reinvigorate risk appetite UK and US inflation data highlight the agenda today RBNZ fails to live up to market’s dovish expectations, kiwi explodes up As expected, the Reserve Bank of New Zealand (RBNZ) kept its policy unchanged overnight, maintaining a relatively balanced tone overall. It acknowledged that downside risks have increased, particularly on a global level, but retained some optimism on the outlook. Most [..]

US inflation and delayed retail sales may struggle to distract dollar from trade talks – Forex News Preview

Posted on February 12, 2019 at 4:38 pm GMT

While another round of high-level trade talks between the US and China will be keeping investors on edge this week, dollar traders might seek some distraction from monthly inflation, retail sales and industrial output data out of the US over the next few days. Consumer price inflation for January is up first on Wednesday at 13:30 GMT, and Thursday will see the release of the December retail sales report, also at 13:30 GMT, which was delayed due to the government [..]

Technical Analysis – USDJPY breaks above 110; looks bullish in short-term

Posted on February 12, 2019 at 9:33 am GMT

USDJPY cleared the 110 level on Monday and broke slightly above the 50-day moving average (MA) on Tuesday to reach a six-week high of 110.64. The pair is also trading comfortably above the 20-day MA and the Ichimoku cloud, giving positive trend signals for the short-term. Momentum indicators are also in bullish territory, with the red Tenkan-sen line improving above the blue Kijun-sen line and the RSI increasing steam after the rebound on the 50 neutral threshold. The fast Stochastics, though, are still close [..]

European Open Preview – Dollar rips higher; RBNZ meeting in focus

Posted on February 12, 2019 at 8:53 am GMT

Dollar soars as ‘there is no alternative’; Fed’s Powell speaks at 17:45 GMT News US government shutdown may be avoided support risk sentiment RBNZ meets overnight; may strike a cautious tone, but is unlikely to be as dovish as market pricing implies Dollar rips higher, but can the bulls stay in control? The greenback shined for yet another session, continuing its unrelenting rally for an eighth day in a row versus a basket of major currencies, without much in the [..]

European Open Preview – Dollar extends winning streak; franc suffers mini “flash crash”

Posted on February 11, 2019 at 9:07 am GMT

Dollar ticks up, stocks mixed as risk sentiment remains fragile Swiss franc had a mini “flash crash” overnight, amid thin liquidity conditions UK GDP data due today, but focus remains on Thursday’s Brexit vote in Parliament Dollar climbs, stocks steady as sentiment remains wobbly The dollar advanced for a 7th straight session against a basket of currencies on Friday, albeit only modestly, as investors sought the security of the world’s reserve currency amid concerns around the health of the global [..]

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