USDJPY

US jobs data expected to show wage growth at near decade high: FX and equity market action eyed – Forex News Preview

Posted on November 1, 2018 at 10:13 am GMT

The current week will wrap up with the most important monthly release out of the US, namely the country’s jobs report due at 1230 GMT. Wage growth is anticipated to again attract the lion’s share of attention out of October’s report. A beat on this front will theoretically more conclusively put on the table a December hike by the Federal Reserve. There are some equity market subtleties at play this time around though that may complicate things for the US [..]

European Open Preview – Sterling soars on news of Brexit services deal, ahead of BoE policy decision

Posted on November 1, 2018 at 8:46 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is down by a little more than 0.4% on Thursday, looking set to post its first daily decline in four sessions. The British pound, and to a lesser extent the euro, benefited from reports that UK financial services firms will continue to have access to EU markets after Brexit. Meanwhile, the antipodeans aussie and kiwi outperformed, likely lifted by the broader improvement in risk sentiment, as well as fresh [..]

Technical Analysis – USDJPY slips lower after unlocking 3-week high

Posted on November 1, 2018 at 7:35 am GMT

USDJPY is losing some ground after the sharp jump in the previous days towards a three-week high of 113.40, reached on Wednesday. It’s noteworthy that the price successfully surpassed the 20- and 40-simple moving averages (SMAs) but created a bearish crossover in the daily timeframe, indicating a possible negative retracement. Zooming into the technical indicators, the RSI indicator is moving slightly to the downside in the positive territory, while the MACD oscillator climbed marginally above the trigger and zero line, suggesting weak momentum in the near [..]

US Open Preview – Euro slips to 2 ½-month lows despite encouraging inflation signs; stocks bounce higher

Posted on October 31, 2018 at 12:30 pm GMT

Here are the latest developments in global markets: FOREX: Euro/dollar printed a 2 ½-month low at 1.1330 on Wednesday despite eurozone’s flash core inflation rate inching up to 1.3% y/y in October, from 1.2% expected, and 1.1% seen in September. The headline inflation print remained unchanged at 2.2% y/y, at the strongest since 2012, but buying interest was subdued as concerns over the Italian budget battle as well as uncertainty about how political conditions would unfold in Germany after Chancellor Merkel leaves the office in 2021, brushed funds out of the market. [..]

European Open Preview – Dollar soars to 1½-year highs; eurozone flash inflation eyed

Posted on October 31, 2018 at 10:54 am GMT

Here are the latest developments in global markets: FOREX: The dollar soared to a fresh high last seen in June 2017 against a basket of six major currencies, as risk sentiment was reinvigorated. The pound was the worst performer, as ratings agency S&P warned of a recession in case of a no-deal Brexit. The defensive yen was the second-worst performer in the face of stronger risk appetite. Meanwhile, the aussie is on the back foot on Wednesday, giving back some of [..]

European Open Preview – Trump fires fresh tariff salvo, how will China “strike back”?

Posted on September 18, 2018 at 8:04 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is down fractionally on Tuesday (-0.08%), extending the notable losses it posted in the previous session, unable to attract safe-haven inflows even despite a fresh escalation in the US-China trade standoff. The pound gained ground on Monday alongside the euro as investors positioned for an EU summit that commences tomorrow, with expectations for a Brexit breakthrough riding high. STOCKS: US markets closed in the red on Monday, weighed [..]

US Open Preview – Euro, pound resume bullish mood as trade risks intensify

Posted on September 17, 2018 at 11:54 am GMT

Here are the latest developments in global markets: FOREX: During the early European session, the US dollar was slightly weaker against the yen near 112.00 (-0.04%), with investors trading cautiously as the US President Donald Trump is said to announce new levies on China later today. The Eurozone Harmonized Consumer Price Index (HCPI) for the month of August released earlier today, confirmed the preliminary estimates. The yearly headline inflation remained the same as in the previous month at 2.0%, while the monthly gauge [..]

European Open Preview – Dollar recovers as trade tensions resurface

Posted on September 17, 2018 at 8:11 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is down by a marginal 0.05% against a basket of six major currencies on Monday, largely holding on to the safe-haven gains it recorded in the previous session as concerns regarding an escalation in US-China trade row resurfaced. There was little movement elsewhere in the FX market, with investors appearing somewhat reluctant to initiate new bets with the risk of fresh tariffs being imposed soon hanging in the [..]

Week Ahead – Inflation and flash PMI data to dominate; BoJ to leave policy unchanged

Posted on September 14, 2018 at 1:17 pm GMT

Economic data will move to the fore next week with several countries reporting inflation, retail sales and flash PMIs. Canada and the United Kingdom will publish CPI and retail sales figures, while in the Eurozone, the focus will be on the flash PMI releases by IHS Markit. Second quarter GDP figures out of New Zealand will be another highlight. Central bank activity will also keep the markets busy as the Bank of Japan and the Swiss National Bank hold policy [..]

US Open Preview – Yen rebounds on Abe’s remarks; US retail sales and industrial production eyed

Posted on September 14, 2018 at 11:43 am GMT

Here are the latest developments in global markets: FOREX: Hopes for China and the US to restart trade dialogues soon, higher growth projections by the Bank of England and the ECB’s optimism for wages and inflation in the EU reduced the demand for safe-havens such as the yen, sending dollar/yen to 112.07 early on Friday for the first time since August 1. Yet, the upside did not last for long, with the pair dropping back to 111.70 (-0.11%) after the Japanese Prime Minister, Shinzo Abe [..]

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