All Articles Tagged - USDJPY

Daily Market Comment – Powell speech awaited as Fed hawks come out; pound jumps on Brexit hopes

Posted on August 23, 2019 at 8:12 am GMT

Markets await Powell’s Jackson Hole speech amid signs of resistance to further rate cuts US dollar holds firm as Treasury yields extend rebound; gold drifts lower Pound swings higher after Merkel and Macron boost Johnson’s chances of backstop changes All eyes on Jackson Hole Traders’ focus will centre on Fed Chairman Jerome Powell today when he makes his key address at the Jackson Hole Economic Symposium at 14:00 GMT. Speculation as to how dovish Powell’s speech will be have intensified [..]

Daily Market Comment – Dollar up after Fed minutes highlight divisions; ECB minutes next

Posted on August 22, 2019 at 8:14 am GMT

US dollar edges up after FOMC minutes shows Fed is split over rate cuts Yuan slips to 11-year low as growth worries resurface ECB minutes and Eurozone PMIs next in focus; euro subdued Fed minutes cast doubt on aggressive easing The minutes of the Federal Reserve’s July policy meeting released yesterday have laid bare the extent of the divisions within the Federal Open Market Committee (FOMC) over the need for lower interest rates amid mixed signs about the health of [..]

Technical Analysis – USDJPY bulls likely waiting above 107.00; short-term bias looks neutral

Posted on August 22, 2019 at 7:12 am GMT

USDJPY has been in a quiet and narrow trade this week, moving sideways within the 106.00 area but below its downward-sloping simple moving averages (SMA) and the Ichimoku cloud – a negative trend signal. In momentum indicators, the red Tenkan-sen continues to flatten below the blue Kijun-sen, while the RSI has also somewhat stabilized after strongly rebounding from the oversold territory, both suggesting a neutral-to-bearish bias for the short-term. The MACD, however, keeps improving in the negative area, increasing hopes [..]

Daily Market Comment – Major pairs steady as markets await Fed minutes and Powell

Posted on August 21, 2019 at 8:18 am GMT

Major pairs hold within recent trading ranges as markets seek direction from the Federal Reserve Trump steps up rhetoric against China, reminding investors that trade war is here to stay Euro unfazed by Italian political crisis, pound see-saws on Brexit backstop headlines Calm in currency markets ahead of key Fed events Major pairs were trading sideways on Wednesday as markets turned cautious ahead of the minutes of the Fed’s July meeting and the upcoming speech by Fed Chairman Jerome Powell [..]

Fed minutes & Jackson Hole may pull dollar in opposite directions – Forex News Preview

Posted on August 20, 2019 at 11:50 am GMT

It will be a decisive week for the US dollar, with the minutes of the latest Fed meeting being released on Wednesday (18:00 GMT), before Fed chief Jay Powell delivers remarks at the Jackson Hole symposium on Friday (14:00 GMT). Since the minutes won’t reflect the latest escalation in trade, they could appear slightly hawkish relative to current market pricing, lifting the dollar. Any gains may remain short-lived though, if Powell opens the door for a prolonged easing cycle. Market [..]

Daily Market Comment – Stocks up on China rate reform; dollar firms ahead of Jackson Hole

Posted on August 19, 2019 at 8:20 am GMT

Risk sentiment continues to improve on reports of China interest rate reforms and German fiscal stimulus Stocks have a positive start to week while safe-havens yen, Swiss franc and gold retreat Dollar holds firm as markets await policy cues from Powell at Jackson Hole symposium China reforms and German stimulus reports boost markets Markets opened in a positive mood on Monday, extending the rebound in risk appetite from late last week. Sentiment was boosted from developments over the weekend that [..]

Week Ahead – Fed minutes and Jackson Hole eyed for policy direction; ECB minutes and Eurozone PMIs also in focus

Posted on August 16, 2019 at 10:47 am GMT

The summer lull will continue into next week as economic releases will remain sparse. However, central bank minutes and the annual gathering of central bankers at the Jackson Hole Economic Symposium should generate plenty of headlines ahead of expected policy easings in September. Trade and geopolitical tensions will also come to the fore as world leaders attend a G7 summit in France. Aussie and kiwi to remain on the backfoot The Australian and New Zealand dollars have managed to steady [..]

Daily Market Comment – Markets steadier but recession fears persist; strong US data lifts dollar

Posted on August 16, 2019 at 8:19 am GMT

Stocks head higher as Trump trade comments and strong US retail sales calm markets But fears of a downturn persist as bond markets remain in dangerous territory Pound up on latest bid by UK opposition parties to thwart no-deal Brexit Stock market sell-off eases on positive headlines Stocks in Asia were mostly positive on Friday and European and US equity futures were also pointing to a firmer start following yesterday’s rebound in risk appetite. Sentiment was boosted from a surprise [..]

Daily Market Comment – Dollar and stocks rally in relief after tariff delays

Posted on August 14, 2019 at 7:54 am GMT

US tariff exemptions lift risk sentiment – stocks soar, yen retreats But optimism tempered by weak Chinese data overnight UK inflation data and Eurozone GDP coming up Trump’s tariffs delay revives risk appetite, but is this a game changer? Global risk sentiment came roaring back on Tuesday, with US stock markets closing 1.5% higher and WTI oil gaining 4%, after the Trump administration said it will delay tariffs on several Chinese products until December and exempt some goods altogether. [..]

Technical Analysis – USDJPY retraces spike higher as 107 blocks the bulls

Posted on August 14, 2019 at 7:21 am GMT

USDJPY started the day in the red on Wednesday after spiking up by more than 1% on Tuesday to meet resistance near the key 107.00 level. The RSI and the red Tenkan-sen are currently following the price down, while the MACD keeps improving below its red signal line, painting overall a bearish-to-neutral picture for the short-term. Moving southwards, traders would keep a close eye on the 105.50-105.00 region, where selling forces paused over the past week. Should the decline continue [..]

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