All Articles Tagged - USDJPY

Daily Market Comment – Risk sentiment stabilizes as virus worries calm, but caution lingers

Posted on January 28, 2020 at 9:38 am GMT

Wall Street futures signal a rebound, even without any ‘good news’ However, pockets of stress still evident in the market Japanese stocks decline further, aussie and kiwi can’t get off the floor Today: US durable goods, earnings bonanza begins with Apple Risk aversion takes a breather as virus nerves calm, for now The virus-related uncertainty that plagued global markets in recent days started to abate on Tuesday, with the safe-haven Japanese yen unable to extend its recent gains and futures [..]

Daily Market Comment – Safe havens climb, stocks slide as virus fears deepen

Posted on January 27, 2020 at 10:05 am GMT

Worries that new virus is turning into an epidemic push yen and gold higher Stocks fall alongside oil prices as investors reassess potential economic hit Question now is how long this havoc will last, and whether it gets worse from here Risk sentiment takes a hit as virus death toll soars Risk aversion is the name of the game in global markets on Monday, as investors grapple with concerns about how rapidly the deadly coronavirus is spreading and its potential [..]

Week Ahead – Fed to stand pat but BoE could cut; US and Eurozone Q4 GDP eyed

Posted on January 24, 2020 at 12:38 pm GMT

There will be no shortfall of market-moving events in the coming week, with plenty of top-tier data and crucial central bank meetings shaping the agenda. The Federal Reserve will hold its first policy meeting of 2020 but Q4 GDP and PCE inflation numbers out of the United States are likely to be more helpful for investors in gauging the next move in interest rates. In comparison, the Bank of England’s meeting is expected to be the most exciting in quite [..]

Daily Market Comment – Euro slips after ECB; stocks stage another comeback

Posted on January 24, 2020 at 9:51 am GMT

Euro/dollar breaks lower as ECB is a touch more dovish than expected European PMIs today were mixed, leaving the euro in search of direction Stocks recover losses, but yen doesn’t move accordingly – excess liquidity to blame? UK PMIs beat forecasts, arguing for the BoE to stay on hold next week Euro drops as Lagarde doesn’t hit back at negative rates As expected, the European Central Bank (ECB) made no changes to its stimulus program yesterday, nor did President Lagarde [..]

Daily Market Comment – ECB meets after BoC sinks loonie; risk appetite wobbles

Posted on January 23, 2020 at 9:28 am GMT

ECB to stay on hold – risks tilted towards a slightly more upbeat narrative BoC teases rate cut, sends loonie plunging Yen jumps as China seals off major city to avoid virus contagion Pound and aussie soar after strong data diminish odds of rate cuts ECB decision: No action, but perhaps a less dovish tone All eyes will be on the European Central Bank (ECB) today, which concludes its policy meeting at 12:45 GMT. No action is expected, so the [..]

Technical Analysis – USDJPY remains bullish despite recent correction

Posted on January 23, 2020 at 8:45 am GMT

USDJPY’s positive picture seems to be losing some fuel in the recent push up from the 107.76 level. The short-term oscillators suggest that the negative momentum is picking up. The MACD, in the positive region is only just above its red trigger line, while the RSI has dropped to its neutral mark. The Stochastics look bearish with the declining %K line distancing itself below its %D line and into the oversold region. That said, the fresh bullish crossover of the [..]

Daily Market Comment – Don’t fear the virus; BoC rate decision in sight

Posted on January 22, 2020 at 9:17 am GMT

BoC to stay on hold, but any hints of concern might elicit sharp downside in loonie Risk sentiment recovers as concerns about the virus fade Decent UK data lift sterling, but PMIs will be the casting vote on rate cut BoC meeting: Another asymmetric event for the loonie The main event today will be the Bank of Canada (BoC) rate decision at 15:00 GMT. A press conference by Governor Poloz will follow about an hour later. Rates are almost certain [..]

Daily Market Comment – Risk appetite hit by China virus fears

Posted on January 21, 2020 at 9:27 am GMT

Yen shines, Asian stocks drop as markets focus on virus outbreak BoJ preserves its limited firepower for a rainy day Busy day ahead: UK data, impeachment, World Economic Forum, and earnings Yen lifted by coronavirus concerns, but is this sustainable? Financial markets traded quietly on Monday, with most currency pairs staying confined in very narrow ranges, as a public holiday in America and the absence of any noteworthy economic data releases in Europe left investors wanting. That all changed overnight [..]

Bank of Japan to likely keep policy unchanged as risks subside – Forex News Preview

Posted on January 20, 2020 at 12:07 pm GMT

The Bank of Japan will be the first of the major central banks to hold its first monetary policy meeting of 2020 on January 20-21. The Bank will also be releasing its quarterly Outlook Report together with its decision on Tuesday. Those hoping for some fireworks would have better luck holding out for the Bank of Canada’s and European Central Bank’s meetings later in the week as the BoJ is not expected to alter policy or its language. However, the [..]

Daily Market Comment – Dollar grinds higher, Wall Street hits new records

Posted on January 20, 2020 at 9:32 am GMT

Greenback outperforms as incoming data reaffirm strength of US economy Pound crumbles after soft retail sales enhance case for a BoE rate cut next week Bank of Japan rate decision coming up; supply disruptions boost oil Solid US data lift dollar, catapult US stocks to fresh records The dollar was the star performer in the FX market on Friday, advancing across the board after the latest batch of US data beat forecasts, feeding the narrative that the American economy continues [..]

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