USDJPY

US Open Preview – Dollar enjoys gains in a cloudy trade environment; pound down ahead of Carney’s testimony

Posted on September 4, 2018 at 12:01 pm GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded 0.42% higher on Monday, posting a 10-day high, while dollar/yen advanced by 0.30% despite heightened global trade risks; the dollar remained resilient and the buying interest continued on the back of investors optimism in the US economy. In Eurozone, producer prices beat expectations, rising by 4.0% y/y in July from 3.6% before. However, euro/dollar failed to gain on the data, falling by 0.52% to 1.1560. Pound/dollar extended losses to reach [..]

European Open Preview – Dollar bounces; BoE testimonies and US ISM manufacturing in focus

Posted on September 4, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The greenback is higher across the board on Tuesday, with the dollar index advancing by 0.15% in the absence of any major new developments. The aussie jumped overnight after the RBA struck a less-cautious tone than many expected, erasing losses it posted earlier in the session after Australia’s current account data for Q2 disappointed. Earlier on Monday, the British pound came under renewed selling interest, following a miss in the UK manufacturing PMI. STOCKS: Wall [..]

US Open Preview – Pound extends downside; aussie bounces ahead of RBA rate decision

Posted on September 3, 2018 at 11:46 am GMT

Here are the latest developments in global markets: FOREX: Sterling opened with a gap down on Monday’s Asian session after EU chief Brexit negotiator Michel Barnier said he strictly opposes the UK’s offer on future EU-UK trade relations. Pound/dollar, which has come off from a 1-month high last week, recorded the fifth red month in a row. Today, the pair dipped by 0.64% and slipped below the 1.2900 handle, increasing negative momentum after the UK manufacturing PMI clocked in at 52.8 in August, [..]

European Open Preview – Sterling gaps down amid Brexit rhetoric; UK manufacturing PMI due with trade angst in the background

Posted on September 3, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar was nearly flat against a basket of six major currencies on Monday (-0.03%), after posting considerable gains in the previous session. Meanwhile, the British pound opened with a negative gap following some not-so-encouraging Brexit signals over the weekend from both the EU and the UK. STOCKS: Wall Street closed mixed on Friday, as trade negotiations between the US and Canada ended without an accord. The S&P 500 was practically flat (+0.01%), the Dow Jones [..]

US Open Preview – Trade fears hold major currencies in the red; loonie weakens as NAFTA deadline looms

Posted on August 31, 2018 at 11:59 am GMT

Here are the latest developments in global markets: FOREX: Trump’s stubborn stance the previous day aiming to enhance US’s trade protective measures against China and keep the pressure on the EU, shifted funds away from riskier assets, pushing dollar/yen down to 110.78 (-0.16%) and dollar/franc to 0.9666 (-0.23%). The dollar index, which is set to close in the red for the third consecutive week, was slighlty up at 94.80 (+0.08%) as the euro and the pound felt the trade pain as well. Euro/dollar inched down to 1.1647 [..]

European Open Preview – Risk appetite turns sour on trade angst; eurozone inflation due with Brexit also in focus

Posted on August 31, 2018 at 7:42 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was down on Friday, albeit by less than 0.1%, giving back some of the gains it posted in the previous session. Elsewhere, the Japanese yen advanced across the board on Thursday, as trade concerns led investors to increase their exposure to the safe-haven currency. Meanwhile, the euro and the loonie retreated, weighed on by concerns surrounding Italy and disappointing Canadian data respectively. STOCKS: US equities fell for the first time in five days as [..]

US Open Preview – Pound’s rally takes a breather after Barnier’s cautious remarks; US core PCE inflation pending

Posted on August 30, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: Pound/dollar stalled yesterday’s rally, trading at 1.3016 (-0.08%) as the EU’s Brexit negotiator Michel Barnier talked down expectations of a Brexit deal today, saying that the bloc must be prepared for a “disorderly” exit. His comments came a day after he said that the UK could be offered a special partnership “such that has never been with any other country”. Euro/dollar was struggling to overcome the 1.1700 level, last seen at 1.1694 (-0.09%) [..]

European Open Preview – Barnier gives the pound a helping hand; US core PCE inflation coming up

Posted on August 30, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar is flat against a basket of six major currencies on Thursday, after it closed lower for a fourth consecutive session yesterday. The biggest mover was the British pound, which soared higher following comments from the EU’s chief Brexit negotiator suggesting that Europe is willing to offer the UK a special deal. Meanwhile, the kiwi plunged overnight after New Zealand’s latest business confidence data disappointed, amplifying expectations for a more [..]

Technical Analysis – USDJPY unlocks 1-month highs; looks overbought

Posted on August 30, 2018 at 6:51 am GMT

USDJPY came close to breaking the 112.00 level on Wednesday, finishing the day at a one-month high of 111.86. According to the RSI, the market could maintain positive momentum in the short-term as the indicator is positively sloped above its neutral threshold of 50, though the fast Stochastics suggest that the market is located in overbought territory and therefore some weakness is possible; the green %K line is fluctuating around the red %D line in overbought zone above 80. On the upside, the [..]

US Open Preview – Sterling bounces in quiet markets; trade updates awaited

Posted on August 29, 2018 at 11:21 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was up by 0.14% on Wednesday, drawing support from a robust reading on US consumer confidence yesterday, and looking set to snap a three-day losing streak. Against the euro, the dollar gained 0.21%, while it was practically flat against the Japanese yen. Meanwhile, the British pound was in recovery-mode, with investors seemingly brushing aside reports suggesting UK Brexit Secretary Raab is frustrated that EU chief negotiator Barnier is [..]

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