All Articles Tagged - USDJPY

Daily Market Comment – Stocks rally on rising trade deal hopes; yuan hits 3-month high

Posted on November 5, 2019 at 9:03 am GMT

Growing optimism that a partial trade deal between the US and China is within reach boosts risk assets Yen and Swiss franc extend losses, yuan climbs to highest in three months Aussie edges up after RBA keeps rates steady; dollar eyes ISM non-manufacturing PMI US may roll back some China tariffs Optimism around a ‘phase one’ US-China trade deal continued to boost risk appetite on Tuesday, lifting stocks and other risk assets, while dampening demand for safe havens such as [..]

Daily Market Comment – Trade optimism lifts markets; strong NFP helps too but dollar subdued

Posted on November 4, 2019 at 9:16 am GMT

US and China reportedly close to agreeing a ‘phase one’ trade deal; stocks rally Safe havens retreat but still some caution, dollar subdued Euro eyes Lagarde speech Interim US-China trade deal within reach Growing signs that the partial US-China trade deal is close to being finalized drove market sentiment on Monday with Asian stocks getting a lift from another record close on Wall Street on Friday. The White House economic advisor Larry Kudlow told reporters on Friday that “enormous progress” [..]

Week Ahead – RBA to hold rates but BoE could signal policy shift; trade and services PMIs in focus

Posted on November 1, 2019 at 11:46 am GMT

As the Fed and the ECB signal they may be done with policy easing for now, the Reserve Bank of Australia may follow suit, but the Bank of England could be a late joiner to the easing club. Apart from the next wave of central bank meetings, monthly trade statistics will come to the fore with China’s figures likely to attract the most attention, while employment numbers out of Canada and New Zealand will also be eyed. Meanwhile, over in [..]

Daily Market Comment – Dollar braces for nonfarm payrolls; risk aversion returns

Posted on November 1, 2019 at 9:09 am GMT

US payrolls and ISM index could shape the dollar’s fortunes today Risk appetite dampened by reports China won’t compromise on ‘real’ trade issues Can US payrolls keep the besieged dollar from stumbling further? The spotlight today will fall on the US employment report for October, as investors scramble to figure out whether the Fed can truly afford to ‘pause’ its rate-cutting cycle, or whether that is merely wishful thinking. Likewise, the ISM manufacturing PMI for the same month will reveal [..]

Daily Market Comment – Dollar goes for a ride as Fed baffles markets

Posted on October 31, 2019 at 9:01 am GMT

Dollar ends lower, stocks soar as Fed can’t convince markets it will hit ‘pause’ Loonie hammered as BoC drops neutral stance, hints at ‘insurance cut’ BoJ strengthens easing bias, but yen yawns Eurozone, US, and Canadian data coming up today Fed cuts rates and signals a pause, but markets don’t buy it The Fed cut rates by another quarter-point yesterday, as widely expected, but refrained from signaling that any more cuts are coming. The phrase “will act as appropriate to [..]

Technical Analysis – USDJPY returns to neutrality; bulls keep waiting above 109.50

Posted on October 31, 2019 at 8:06 am GMT

USDJPY spiked above the 200-day simple moving average (SMA) and the 109.00 level on Wednesday but failed to close above it, with the price resuming its previous sideways move. Technically, traders could remain indecisive in the short-term as the RSI is converging towards its 50 neutral mark, the MACD is flattening around its signal line, and the Ichimoku indicators (Kijun-sen and Tenkan-sen) are stabilizing. As long as the above indicators remain in the bullish area, upside corrections cannot be ruled out. Traders, [..]

Will the Bank of Japan cut rates or hold its fire? – Forex News Preview

Posted on October 30, 2019 at 12:18 pm GMT

The Bank of Japan will announce its latest policy decision on Thursday, just hours after the US Federal Reserve is expected to cut interest rates for the third time this year. But as pressure grows on the BoJ to join other central banks in increasing its monetary stimulus, doubts are growing about whether or not there will be consensus among policymakers to take any action in October. In the meantime, the yen is enjoying a bit of a reprieve from [..]

Daily Market Comment – Fed, BoC, and BoJ decisions; UK election confirmed

Posted on October 30, 2019 at 9:18 am GMT

Fed to slash rates today but may signal a pause after this cut, lifting the dollar BoC set to stand pat, unlikely to alter its neutral stance BoJ decides early on Thursday – close call whether it will cut UK General Election officially called for December 12 Fed virtually certain to cut rates, but will it also signal a pause? It’s an extremely busy day, with the main event being the Federal Reserve policy decision at 18:00 GMT, which will [..]

Fed to cut rates but a pause may follow; dollar also eying US GDP and consumption data – Forex News Preview

Posted on October 29, 2019 at 3:18 pm GMT

The US Federal Reserve is set to announce its third straight rate cut on Wednesday (1800 GMT) but Fed chief Jerome Powell could signal in his press conference (1830 GMT) this may be the last one for now. Third quarter GDP growth figures may provide some clues as to whether a pause is on the cards when they’re released a few hours earlier at 1230 GMT. But with plenty more US data on the way in the next few days, [..]

Daily Market Comment – Stocks ride high on trade optimism; Boris to try again for snap election

Posted on October 29, 2019 at 9:13 am GMT

Trade progress drives S&P 500 to record high but global rally loses steam Pound choppy after EU extension as Johnson struggles to trigger a general election Dollar steady ahead of expected Fed rate cut Trump says Phase One deal is “ahead of schedule” Market sentiment was boosted on Monday after US President Donald Trump signalled an interim trade deal was close. Speaking to reporters yesterday, Trump said “We are looking probably to be ahead of schedule to sign a very [..]

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