USDJPY

European Open Preview – Pound under pressure as Tories trigger leadership contest

Posted on December 12, 2018 at 9:12 am GMT

Sterling near 20-month lows as Conservative lawmakers trigger no-confidence vote in Theresa May; ballot to be held today Risk appetite recovers as Trump and China stoke hopes for a deal Euro remains on the back foot ahead of tomorrow’s ECB meeting US inflation data on tap Sterling crumbles as Tories trigger leadership challenge The British pound sank to a fresh 20-month low versus the dollar on Tuesday, following reports that “rebels” within Theresa May’s Conservative party nearly have the numbers [..]

US inflation data eyed as investors unwind Fed rate-hike bets – Forex News Preview

Posted on December 11, 2018 at 1:52 pm GMT

The latest US CPI data are due out on Wednesday, at 1330 GMT. Given recent speculation that the Fed will pause its tightening cycle in 2019, these figures may be crucial in shaping market expectations ahead of the Fed’s December meeting and thereby, in determining the dollar’s near-term direction. Any updates in the US-China trade saga can also affect the greenback. The dollar has been struggling over the past few weeks, amid growing speculation that the Fed is set [..]

Week Ahead – Pound to take centre stage as Brexit vote looms; ECB meets amid worsening Eurozone outlook

Posted on December 7, 2018 at 2:00 pm GMT

The pound looks set for even choppier times as British MPs will next week get to vote on Theresa May’s much criticized Brexit deal, while there will also be a flurry of UK data for traders to keep up with. The euro will also be in focus as the European Central Bank is due to hold a scheduled policy meeting. The Swiss National Bank will be another central bank deciding on rates next week. In the US, inflation and retail [..]

European Open Preview – Dollar moves off lows ahead of US jobs report but weighed by talk of Fed pause

Posted on December 7, 2018 at 9:14 am GMT

US dollar edges up from lows as risk sentiment improves, but expectations that the Fed could soon pause its rate hike cycle limit gains US Treasury yields fall sharply on Wall Street Journal report that Fed is considering “wait-and-see” approach Pound steady despite May pondering whether to delay Brexit vote Oil under pressure again as OPEC struggles to reach output agreement, awaits for Russia to join talks before making decision Dollar firmer ahead of nonfarm payrolls report The US dollar [..]

NFP jobs report expected to be solid but Fed may need something stronger – Forex News Preview

Posted on December 6, 2018 at 1:42 pm GMT

The last time US nonfarm payrolls were released, investors turned more positive that the Fed would raise interest rates at least twice next year as wages recorded their largest increase in 9 ½ -years and employment growth bounced back. This time, the jobs report comes on the heels of a less hawkish Fed, and the data are not expected to be more delightful. Hence, investors will be closely scrutinizing the numbers as policymakers seem to be resuming their data-dependent approach. On Friday at 1330 GMT, the US [..]

European Open Preview – Risk sentiment sours; OPEC summit front and center

Posted on December 6, 2018 at 8:33 am GMT

Risk appetite crumbles as US arrests Huawei CFO, generating worries of re-escalation in the trade conflict Today, all eyes are on OPEC’s meeting (1200 GMT); expectations for a production cut are elevated Loonie nosedives to a 1½-year low as BoC shifts to a more cautious stance Risk appetite falters on fears of “trade war” re-escalation After a relatively calm Wednesday, risk appetite deteriorated once more during the Asian session on Thursday, following news that the CFO of the Chinese tech [..]

Technical Analysis – USDJPY moves within a symmetrical triangle; risk neutral to bearish

Posted on December 6, 2018 at 8:01 am GMT

USDJPY seems to be moving within a symmetrical triangle in the daily chart, creating lower highs and higher lows. In the short term, momentum indicators suggest that the bias is neutral to bearish as the RSI hovers marginally below its neutral threshold of 50, while the MACD has already crossed below its red signal line but continues to hold above zero. A significant step below 112.56 and therefore out of the triangle would increase speculation that further negative corrections might [..]

Strategy update: The trade ‘truce’, the Fed’s possible pause and May’s Brexit woes

Posted on December 5, 2018 at 3:06 pm GMT

Markets unconvinced by Trump-Xi trade rapprochement The Fed could slow rate hikes Market braces for Brexit turbulence as May struggles to convince Parliament Markets unconvinced by Trump-Xi trade rapprochement A major theme for global markets and the global economy is the uncertainty caused by the frictions between the United States and China. It was therefore an initially positive piece of news that the two countries would restart a new round of negotiations that would last for 90 days, that China would pledge to import [..]

European Open Preview – Stocks sink amid trade woes; BoC decision eyed

Posted on December 5, 2018 at 8:57 am GMT

Trump’s trade posturing sinks stock markets Bank of Canada to stand pat (1500 GMT), but may appear a touch more cautious Dollar rebounds after Fed’s Williams reiterates “gradual hikes” Sterling remains turbulent as Parliamentary debate kicks off Equities sink on Trump’s trade posturing Wall Street plunged, with the S&P 500 falling by a whopping 3.24% and the tech-heavy Nasdaq Composite nosediving by 3.80%. Meanwhile, defensive assets like the Japanese yen outperformed. The mood was already sour before the US markets [..]

European Open Preview – Markets retrace as trade optimism wanes

Posted on December 4, 2018 at 8:58 am GMT

Trade optimism fades as markets digest the agreement Dollar extends recent pullback Oil continues to recover amid speculation for an OPEC cut RBA slightly more upbeat, but no policy change in sight Stocks edge higher on trade relief, but optimism wanes The boost to global risk appetite following the US-China trade “ceasefire” seems to have been short-lived. Even though US stock markets closed higher, they did surrender a decent part of their gains late in the session, and futures tracking [..]

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