All Articles Tagged - USDJPY

US Open Note – US CPI and ECB meeting in the spotlight

Posted on March 10, 2022 at 2:36 pm GMT

US CPI ticks up to fresh 40-year high The annual rate of inflation in the United States increased to 7.9% in February 2022, the highest level since January 1982, in line with market predictions. Still, the worst effects of the Ukraine war and the resulting increase in energy costs are yet to come, and will be exacerbated by as a result of the sanctions against Moscow, including the US ban on Russian oil imports. Although inflation was expected to peak in March, recent events in Europe, along with persistent supply restrictions, strong demand, [..]

US Open Note – Energy prices ease as risk appetite improves

Posted on March 9, 2022 at 1:51 pm GMT

Oil supply disruptions weigh on global growth outlook With the unfolding Russian invasion of Ukraine in focus, the US and the UK have announced an embargo on Russian fossil fuel imports. Meanwhile, the European Union has also declared its decision to slash its reliance on Russian natural gas by two thirds. Responding to these sanctions, Russia threatened to cut gas supplies to Europe, while President Putin has already signed an order to restrict exports of some goods and raw materials. [..]

Daily Market Comment – Markets calmer as Russian ‘setback’ supports risk appetite

Posted on March 9, 2022 at 10:22 am GMT

Stocks attempt another rebound amid lack of fresh Ukraine headlines But markets struggling for clear direction ahead of key events Oil keeps surging after US and UK ban imports of Russian oil Slowing Russian advances might be aiding sentiment Riskier assets were back in fashion on Wednesday while safe havens were largely on the retreat as ‘risk-on’ was attempting another comeback after yesterday’s bid fell flat in another highly choppy session. There is no single factor that seems to be [..]

Technical Analysis – USDJPY nears 116 mark as bullish pressures increase

Posted on March 9, 2022 at 9:47 am GMT

USDJPY is creeping higher toward the 116.00 handle and the five-year high of 116.34 after recently bouncing off the Ichimoku cloud. The bullish simple moving averages (SMAs) are defending the broader positive structure. Currently, the Ichimoku lines are not exhibiting a convincing directional force, while the short-term oscillators suggest positive momentum is strengthening. The MACD, in the positive region, has pushed back above its red trigger line, while the RSI is improving in bullish territory after vibrating around the 50 [..]

How could the dollar react to another inflation spike?– Forex News Preview

Posted on March 8, 2022 at 4:51 pm GMT

US CPI inflation readings for February will be out on Thursday at 12:30 GMT, likely generating more anxiety for Fed policymakers amid the Ukrainian geopolitical nightmare as price pressures are expected to have intensified further. The US dollar is trading in secure territory and another upbeat inflation report could strengthen calls for a faster monetary tightening once again, making the reserve currency shine brighter. Powell previews March rate decision US consumer prices experienced their highest annual growth in 40 years in January, led by energy, [..]

US Open Note – Dollar and US futures look steady; gold shines

Posted on March 8, 2022 at 1:49 pm GMT

Ukraine – Russia tensions; rouble continues the drop Russia-Ukraine peace talks have made no headway, and despite Germany’s resistance to a ban on Russian energy imports, oil futures have fallen from a 14-year high reached on Monday. Analysts expect the supply shock to linger and harm growth in the coming months. A convoy of buses are on their way to Mariupol to evacuate civilians from the southern port, which has been cut off from food, water, electricity, and heat for more [..]

Daily Market Comment – Stocks crushed by relentless rally in oil as Ukraine crisis deepens

Posted on March 8, 2022 at 10:10 am GMT

Commodities surge across the board, heightening fears about a global recession Crude oil hits $130 a barrel, gold soars past $2,000/oz, but dollar slightly softer today Selloff in euro and equities takes a breather for now after fresh lows Markets seek respite as fighting continues The fighting in Ukraine is intensifying and a third round of talks between Russian and Ukrainian officials has not led to much progress, but markets are nevertheless taking a breather from the recent turmoil on [..]

Week Ahead – ECB to lay out ‘patient’ stimulus exit; another eye-watering US CPI print expected

Posted on March 4, 2022 at 12:48 pm GMT

The European Central Bank’s much anticipated policy meeting and the latest consumer price index out of the United States will take centre stage next week amid the ongoing conflict in Ukraine. The crisis may not necessarily derail the ECB’s plans to normalize policy and a middle ground will likely be plotted. An expected jump in US inflation might have less impact this time following Jerome Powell’s endorsement for a 25-basis-point rate rise in March. Canadian employment numbers will also gather [..]

Technical Analysis – USDJPY keeps neutral tone, advances curbed ahead of 116 level

Posted on March 3, 2022 at 3:18 pm GMT

USDJPY is retreating from the ceiling of a narrower sideways market, held within a broader two-month trading range between the 113.47 low and the five-year high of 116.34. The longer-term 100- and 200-period simple moving averages (SMAs) are endorsing the horizontal trajectory in the pair. The current directional message from the positively charged Ichimoku lines is not convincing. Meanwhile, the short-term oscillators are showing that downside pressures are growing. The MACD, slightly north of the zero threshold, is easing above [..]

US Open Note – Stocks stabilize, dollar’s rally active and yields remain lower

Posted on March 2, 2022 at 3:18 pm GMT

US ADP payroll report, Fed’s Powell, and BoC today’s highlights The greenback continues to hold strong as oil prices rocket far north of the $100 per barrel level, and risk-off signals linger, fuelling questions about the outlook for tightening from the Federal Reserve. The war in Ukraine is clearly one of the clear drivers for hotter inflation from energy pressures as rejected Russian supplies of oil blunt the growth outlook around the world. The US 10-year yields are lower from [..]

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