All Articles Tagged - USDJPY

Technical Analysis – USDJPY finds wall near 110.00; fresh 2-week high

Posted on February 6, 2020 at 7:19 am GMT

USDJPY had an impressive bullish rally over the last three daily sessions, finding strong support at the five-month ascending trend line and the 108.30 barrier. Earlier today, the price recorded a new two-week high near the strong 110.00 psychological number, successfully surpassing the 20- and 40-day simple moving averages (SMAs). From a technical viewpoint, the stochastic entered in the overbought zone and is still pointing north, while the RSI indicator is gradually moving up into the positive territory. Both are [..]

Nonfarm payrolls: Could first report of 2020 send the dollar higher? – Forex News Preview

Posted on February 5, 2020 at 11:22 am GMT

The most followed US economic release, the Non-farm payroll report, is coming out this Friday at 13:30 GMT and the data will be closely watched as this will be the first print of the new year but also of the new decade. Despite the coronavirus scare, analysts believe that the US labor market kicked off the year on the right foot. The reaction in the dollar, however, will depend on whether the numbers will be able to smoothen markets’ dovish [..]

Daily Market Comment – Markets hold steady but virus risks linger; oil up as OPEC+ considers output cuts

Posted on February 5, 2020 at 9:33 am GMT

Stocks extend rebound but caution keeps gains in check Yen and gold edge back up as coronavirus death toll continues to rise OPEC+ holds technical meeting to discuss fresh cuts to output amid virus impact Markets remain calm but growth worries persist This week’s cash injection by Chinese authorities and pledges of additional stimulus if needed to stabilize the economy from the disruptions caused by the coronavirus outbreak helped maintain calm in financial markets on Wednesday. Stocks in Asia headed [..]

Daily Market Comment – Stocks steadier as China tries to calm markets; dollar up on ISM beat

Posted on February 4, 2020 at 9:27 am GMT

Chinese shares recoup some losses as authorities attempt to stem sell-off Dollar lifted by surprise pickup in US manufacturing activity Pound extends losses as UK and EU clash on post-Brexit trade arrangements Asian stocks turn green but virus fears persist Stocks in Asia took a breather from yesterday’s steep sell-off as Chinese authorities stepped in to limit the fallout from the worsening outbreak of the coronavirus, as the death toll continues to rise. A massive injection of liquidity by China’s [..]

Daily Market Comment – Chinese stocks fall apart, but currencies take a breather

Posted on February 3, 2020 at 9:45 am GMT

Equities in China fall ~8%, but broader market stabilizes after Friday’s selloff Recession fears reignite, pushing dollar down as Fed rate cuts are priced in Pound drops as Boris ‘talks tough’ – prelude of things to come? US Democratic primary begins, will Bernie Sanders spook stocks? Chinese equities disintegrate, despite PBoC rate cut The coronavirus theme continues to torment financial markets, with Chinese stocks closing lower by almost 8% today, on their first day back from holidays. The losses [..]

Week ahead – RBA meeting and US payrolls in focus as virus worries linger

Posted on January 31, 2020 at 1:18 pm GMT

The Reserve Bank of Australia (RBA) is the sole major central bank that will meet next week but that doesn’t mean the calendar is light, as there’s a cascade of crucial economic data to keep things exciting. The US employment report will reveal whether the recent ‘cracks’ in the labor market were just outliers in an otherwise healthy trend, or early signs of weakness. The answer could determine whether ‘king dollar’ will continue to reign over the FX market. More [..]

Daily Market Comment – Aussie tanks on virus worries; Pound flies as BoE holds

Posted on January 31, 2020 at 9:28 am GMT

Stocks stage major comeback as investors brush aside virus fears However, aussie and kiwi tell a different story – both drop substantially Is the Fed’s ‘not QE’ responsible for the divergence between stock and bond/FX markets? Pound roars higher as BoE keeps rates unchanged Stocks recover, as health officials soothe contagion concerns The market’s rollercoaster ride continued Thursday, with US equities recovering substantial losses to close into the green, even though earnings from heavyweight tech players like Facebook (-6.1%) and [..]

Daily Market Comment – Close call if BoE will cut today; Risk aversion revives

Posted on January 30, 2020 at 9:49 am GMT

All eyes on BoE meeting, markets view prospect of a rate cut as a coin toss On balance, decent PMIs give BoE breathing room to wait – if so, pound might spike higher Yen advances, stocks stumble as virus fears revive risk aversion Dollar ticks lower as Fed adopts a slightly more cautious tone, but quickly recovers BoE rate decision: To cut, or not to cut? The main event today will be the Bank of England’s (BoE) policy decision at [..]

Technical Analysis – USDJPY falls below 109.00; approaches uptrend line

Posted on January 30, 2020 at 8:09 am GMT

USDJPY is holding losses below 109.00, dropping from the seven-month high of 110.28 and below the 20- and 40-day simple moving averages (SMAs). Also, the pair entered the Ichimoku cloud and is trying to slip beneath the 23.6% Fibonacci retracement level of the up leg from 104.45 to 110.28. Technically, the price could lose more ground in the short-term as the RSI is changing direction to the downside and towards its 30 mark, while the MACD oscillator keeps weaking below the trigger line and has neared the zero line. However, the stochastics are warning – as are above the oversold [..]

Daily Market Comment – Fed to stand pat; risk appetite roller-coaster rolls on

Posted on January 29, 2020 at 9:31 am GMT

Fed to stay on hold today, but adopt a slightly more cautious tone? Yen retreats, stocks rebound as risk sentiment recovers However, bond and stock markets are not on the same page today Barrage of corporate earnings coming up: Microsoft, Facebook, Tesla, Boeing No action from Fed, but perhaps a more dovish take Investors may finally divert their attention away from the deadly coronavirus today, when the Federal Reserve concludes its policy meeting at 19:00 GMT. There’s virtually no chance [..]

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