USDNOK

Japanese inflation to further ease; BoJ normalization cycle not yet visible – Forex News Preview

Posted on May 17, 2018 at 9:39 am GMT

Japan’s inflation figures for the month of April are due on Thursday at 2330 GMT. The numbers are expected to show an easing in core CPI, this being the measure targeted by the Bank of Japan in its policymaking, and point towards the direction of further monetary policy divergence between the Japanese and US central banks moving forward. This of course has implications for currency markets as well. Core CPI, the measure that excludes volatile fresh food items but includes [..]

US Open Preview – Euro, pound lose momentum after data misses

Posted on May 3, 2018 at 11:31 am GMT

Here are the latest developments in global markets: FOREX: The US dollar continued to move lower during the early European session, deviating further below the 3-month high of 110.02 versus the yen reached during Wednesday’s European trading. Specifically, dollar/yen retreated to 109.49 (-0.32%), a day after the FOMC left interest rates unchanged. The accompanying statement acknowledged that inflation is close to target, signaling that policymakers would accept inflation surpassing the 2.0% target. However, a drop of a statement highlighting the [..]

European Open Preview – Dollar trades like a rollercoaster after Fed; eurozone inflation coming up

Posted on May 3, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which gauges the greenback’s strength against a basket of six major currencies, was practically unchanged on Thursday after it touched its highest level in 2018 yesterday, in the aftermath of the Fed’s policy meeting. STOCKS: US markets closed lower yesterday, following the FOMC meeting. Although stock indices spiked higher immediately on the decision, that sentiment quickly turned around and equities edged lower to finish in the red. The S&P [..]

US Open Preview – Yen holds strong amid trade concerns; European stocks open higher

Posted on March 15, 2018 at 12:24 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen hovered near one-week lows, last trading at 105.90 (-0.35%) as investors continued to look for safer assets amid worries that the incoming US economic adviser, Larry Kudlow, who previously criticized US-China trade relations could back Trump’s plans to impose further import tariffs to China. This comes ahead of a crucial G20 meeting next week where world leaders are expected to denounce unfair trade practices. Pound/dollar extended losses towards 1.3928 (-0.14%) [..]

Week Ahead – US inflation and retail sales in focus; New Zealand GDP also eyed

Posted on March 9, 2018 at 3:10 pm GMT

It will be a relatively quiet week in terms of economic data over the next seven days, with the exception of the United States where inflation and retail sales figures will attract plenty of attention. The schedule for central bankers will also be lighter but not totally void as the Swiss National Bank holds a regular policy meeting. Japan reports producer prices and machinery orders The Bank of Japan kept monetary policy unchanged this week and reaffirmed its commitment to [..]

US Open Preview– Dollar dives after China said to hold back on US Treasuries; Oil waits for EIA report

Posted on January 10, 2018 at 12:03 pm GMT

Here are the latest developments in global markets: FOREX: The dollar took a knock after Chinese officials recommended to slow down or cut purchases of US Treasuries according to Bloomberg. The dollar stretched its losses toward a two-week low of 111.29 (-1.08%) versus the yen and sank marginally below the 92-key level regarding its index against six major currencies (-0.46%). The euro advanced on the news, flying from $1.1930 to $1.2000 (+0.60%), while the pound erased earlier losses, rebounding to an intra-day high of [..]

Week Ahead – Fed to raise rates in busy week for central banks; EU summit decides on Brexit

Posted on December 8, 2017 at 3:41 pm GMT

Numerous central banks are scheduled to meet to set monetary policy next week. This includes the Federal Reserve, probably the world’s most closely watched central bank. It is also the one expected to make a move in the direction of policy normalization. Beyond this, major economies will see the release of important data, the UK being one of them with releases on inflation, wage growth and retail sales being eagerly awaited. In politics, the US tax story and the EU’s [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms