All Articles Tagged - USDJPY

Daily Market Comment – Pound breaks higher as Brexit euphoria grows

Posted on October 16, 2019 at 8:25 am GMT

Pound resumes rally as optimism for a deal grows, but risk of pullback elevated US-China tensions flare up again as Congress pushes Hong Kong bill US retail sales data today may be crucial for whether Fed cuts in two weeks Sterling surges on reports Brexit deal is close, but hold your horses The British currency resumed its upward trajectory yesterday, touching a new five-month high against the dollar, after several reports suggested that a Brexit deal is drawing closer. Beyond [..]

US retail sales to remain steady in September; may not help case for October rate cut – Forex News Preview

Posted on October 15, 2019 at 11:47 am GMT

Retail sales figures will be the main highlight of the US economic calendar this week as investors keep a close eye on the strength of household consumption amid signs of weakness in other parts of the American economy. The data, due on Wednesday at 12:30 GMT, could be significant for the Federal Reserve’s next policy decision on October 29-30. But policymakers will also be watching a number of manufacturing gauges expected this week as the sector struggles under the weight [..]

Daily Market Comment – Sterling jumps on Brexit hopes; Trump sanctions Turkey

Posted on October 15, 2019 at 8:23 am GMT

Pound shoots up on hopes for a Brexit deal this week Brexit optimism lifts stock markets too, but trade concerns linger Trump hits Turkey with tariffs and sanctions, yet lira climbs Barnier says Brexit deal still possible this week, pound charges higher The Brexit saga remains the dominant theme in the FX market. Investors are holding their breath to see whether a deal will be reached, after the negotiations intensified in recent days. This morning, chief EU negotiator Barnier said [..]

Daily Market Comment – Symbolic trade deal lifts sentiment; sterling cools

Posted on October 14, 2019 at 8:12 am GMT

US and China reach ‘mini’ trade deal, but markets remain skeptical Pound pulls back as DUP signals it might not support Boris’s deal Loonie soars after Canadian jobs data beat estimates Trade truce lifts stocks, sends yen lower Global risk appetite got a boost on Friday, with stocks edging higher while safe havens like the Japanese yen surrendered ground, after the world’s two largest economies reached a truce in their fiery trade battle. This ‘limited’ trade agreement will see China [..]

Week Ahead – Big week for Chinese data; make or break time (again) for Brexit

Posted on October 11, 2019 at 12:49 pm GMT

Monthly reports on inflation, retail sales and employment will get into full swing next week, but China is likely to steal the limelight as it will have the busiest calendar. All eyes will be on the third quarter GDP estimate as China battles to prevent a hard landing of its economy amid a deepening trade dispute with the United States. But the ongoing trade war isn’t the only thing that will be causing fatigue for investors as the Brexit drama [..]

Daily Market Comment – Trade optimism lifts risk assets; pound soars after UK and Ireland see “pathway” to deal

Posted on October 11, 2019 at 8:07 am GMT

Risk sentiment boosted after Trump says negotiations were “very, very good” Safe havens retreat along with US dollar, but caution keeps gold elevated Pound skyrockets after UK and Irish PMs say they see “pathway to possible deal” Renewed optimism that US and China can de-escalate tensions Signs that the US and China were making much-needed progress in their long-running trade dispute lifted market sentiment on Friday, leading to a broad-based risk-on mood. President Trump told reporters the talks are “going [..]

Technical Analysis – USDJPY remains bearish within 107 area

Posted on October 10, 2019 at 10:23 am GMT

USDJPY buyers seem to have a challenging resistance region of 107.49 – 107.80 to overcome, ahead of the restrictive 108.42 level, which is the 50.0% Fibonacci retracement of the down leg from 112.39 to 104.45. Although the price action is skewed to the downside, it remains between the 50- and 100-day simple moving averages (SMAs). The short-term oscillators and the flat Tenkan-sen suggest that directional momentum has evaporated. The MACD has distanced itself under its red trigger line, barely holding [..]

Daily Market Comment – Markets calm but choppy amid mixed signals on trade talks

Posted on October 10, 2019 at 8:28 am GMT

Conflicting reports on state of US-China trade talks pull sentiment in all directions Hope of a partial trade deal sees calm restored before top-level talks are set to start Euro shoots higher ahead of ECB minutes Pound not holding its breath for breakthrough as UK and Irish PMs meet for last-ditch Brexit talks Trade talks still dominating markets’ attention There’s no escaping the US-China trade war saga not even for a single day this week as the headlines keep rolling [..]

Daily Market Comment – Dollar holds firm even as Powell signals more rate cuts; trade optimism fades

Posted on October 9, 2019 at 8:23 am GMT

Fed’s Powell announces expansion of balance sheet, possible rate cuts but dollar supported by trade gloom Trade talks continue amid worsening US-China relations as US imposes more restrictions Pound slumps again as Brexit talks are close to collapse Dollar unshaken by dovish Powell The dollar index – a measure of the US currency against a basket of six rivals – edged up towards last week’s 2½-year peak of 99.67 as dimming hopes of a breakthrough in this week’s Sino-US trade [..]

Dollar eyes Fed minutes and US inflation for rate cut prospects – Forex News Preview

Posted on October 8, 2019 at 1:28 pm GMT

The Federal Reserve will publish the minutes of its September 17-18 policy meeting on Wednesday at 18:00 GMT. Inflation data out of the United States due on Thursday (12:30 GMT) will also be watched as investors seek clues for the Fed’s next move as the October meeting looms on the horizon. But with the US dollar unable to shake off its strong appeal in a weakening global economic backdrop, a boost to rate cut expectations from dovish minutes and/or soft [..]

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