All Articles Tagged - USDJPY

Daily Market Comment – Pound stumbles, franc and yen up as Johnson aims for hard Brexit

Posted on December 20, 2019 at 9:14 am GMT

Pound headed for large weekly loss as UK government pushes for speedy Brexit Hard Brexit fears support safe havens even as US and China move closer to signing trade deal US consumption and inflation data eyed before holiday lull Brexit moves closer to reality, unnerves markets UK Prime Minister Boris Johnson used his post-election Queen’s speech yesterday to unveil his Brexit agenda and reintroduce the Withdrawal Agreement bill to Parliament with some changes. The revised bill has all the indications [..]

US personal income and consumption: can they extend positive data run? – Forex News Preview

Posted on December 19, 2019 at 12:58 pm GMT

Personal income and spending numbers will come under investors’ radar on Friday (17:00 GMT) and could upset the recent run of positive data out of the United States amid some concerns that income and consumption growth is moderating. The personal income and outlays report, which also contains the Fed’s favourite inflation gauge, will be one of the final major releases for 2019. But can it steer the US dollar amid end-of-year flows and thinning liquidity? Is US consumption slowing? Private [..]

Technical Analysis – USDJPY range bound in a bigger bullish picture

Posted on December 19, 2019 at 9:52 am GMT

USDJPY seems to be bound between the 109.72 and 108.42 level, which happens to be the 50.0% Fibonacci retracement of the down leg from 112.39 to 104.45. The pair seems to have hit a wall at the 109.72 barrier, after the price pushed off the lower boundary of 108.42 and was further boosted by the upward sloping bullish crossovers of the 200-day simple moving average (SMA). The short-term oscillators suggest a stall in positive momentum but lean towards an improving [..]

Daily Market Comment – Dollar shrugs off Trump impeachment; aussie jumps on upbeat jobs data

Posted on December 19, 2019 at 9:03 am GMT

Dollar unfazed from US House vote to impeach Trump, edges up on higher Treasury yields Aussie and kiwi bounce higher on better-than-expected domestic data; loonie also firmer Pound steadier ahead of Bank of England decision President Trump is impeached; markets don’t care President Trump became the third president in the history of the United States on Wednesday to be impeached after the House of Representatives, as expected, approved two charges against him for abuse of power and obstruction of [..]

Daily Market Comment – Pound slips as hard Brexit fears resurface; stocks regain momentum

Posted on December 17, 2019 at 9:09 am GMT

Pound tumbles as Johnson raises the stakes in getting Brexit done by December 2020 Stock markets continue to cheer US-China trade deal despite some doubts Aussie under pressure after RBA hints at February rate cut Sterling faces Brexit reality check The British pound is on the slide following reports that UK Prime Minister Boris Johnson will use his huge parliamentary majority to make an amendment to the Withdrawal Agreement to make it illegal for the transition period to be extended [..]

BoJ meeting: Preserving firepower – Forex News Preview

Posted on December 16, 2019 at 4:36 pm GMT

The Bank of Japan (BoJ) will announce its decision early on Thursday. Even though the economy is headed downhill, no action is expected by policymakers. Investors think that the US-China ceasefire, alongside the fiscal spending package PM Shinzo Abe recently unveiled, will be enough to stimulate growth – allowing the BoJ to save its limited firepower for a stormy day. As for the yen, with global risks diminishing for now, the path of least resistance may be lower in the [..]

Daily Market Comment – Relief as US and China finally agree ‘phase one’ deal but euphoria already fading

Posted on December 16, 2019 at 9:28 am GMT

US and China reach a deal on a ‘phase one’ trade deal but details fail to impress Equity rally eases as euphoria begins to fade; yen extends losses Flash December PMIs in focus in Europe and US US and China confirm an interim deal The United States and China confirmed reports on Friday that a ‘phase one’ trade deal had been agreed by the two sides, ending weeks of speculation about whether a preliminary accord was possible before the end [..]

Week Ahead – BoE and BoJ to stand pat, Riksbank may hike; last flash PMIs of 2019 eyed

Posted on December 13, 2019 at 11:45 am GMT

The last of the major central bank meetings of 2019 will be the main highlights next week as the Bank of England and Bank of Japan get their chance to set policy after the Fed and ECB decisions this week. Sweden’s and Norway’s central banks will too be holding policy meetings in the coming days and it’s going to be a busy week for economic data as well, with the December flash PMI releases attracting the most attention. The pound [..]

Daily Market Comment – Pound storms higher as Tories win; stocks hit new records on US-China deal

Posted on December 13, 2019 at 9:30 am GMT

Cable touches $1.35 as Conservatives win majority – but mind the risks on the horizon Yen disintegrates, stocks soar as US and China reportedly reach partial trade deal ECB provides little new; US retail sales the focus today Sterling flies as Conservatives secure big majority in Parliament The British pound exploded higher overnight, after exit polls for the UK election suggested that Boris Johnson’s Conservatives would win a strong majority in Parliament, something confirmed by the official results a few [..]

US tariff decision: Art of the deal or election playbook? – Special Report

Posted on December 12, 2019 at 5:07 pm GMT

The White House is set to announce whether it will postpone the next round of tariffs on China, with President Trump tweeting moments ago that a phase one deal is “very close”. Even if this deal isn’t reached by Sunday, when the new tariffs are set to kick in, Trump is still likely to postpone them in order to keep the negotiations going. It seems very unlikely at this stage that he would pull the trigger on the new tariffs, [..]

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