All Articles Tagged - USDJPY

Daily Market Comment – US stocks sail into uncharted waters; loonie shines

Posted on July 4, 2019 at 7:47 am GMT

American equities soar to record highs, as ‘bad news is good news’ again Loonie advances to best levels this year on Fed-BoC policy divergence Trump calls for weaker dollar, but dollar yawns US stocks hit new records American equity markets sailed into uncharted waters yesterday, with all the major indices – the S&P 500 (+0.77%), Dow Jones (+0.67%), and Nasdaq Composite (+0.74%) – closing at new record highs. In a classic case of ‘bad news is good news for stocks’, [..]

Technical Analysis – USDJPY continues selling interest in short term

Posted on July 4, 2019 at 6:28 am GMT

USDJPY held in losses over the previous couple of days, dropping back below the 23.6% Fibonacci retracement level of the downfall from 112.40 to 106.77 near 108.10 and the 20-day simple moving average (SMA). The negative bias in the near term is supported by the deterioration in the stochastic oscillator. The %K line of the stochastic is falling sharply towards oversold levels and posted a bearish crossover with the %D line. If prices continue to head lower, support should come [..]

US jobs expected to bounce back but Fed still likely to cut – Forex News Preview

Posted on July 3, 2019 at 2:59 pm GMT

The latest jobs report out of the United States is expected to hit the headlines on Friday at 1230 GMT. Following last month’s disappointing report, which fuelled expectations that the Federal Reserve will begin cutting rates soon, an anticipated bounce back in the number of jobs added in June could relieve some of the pressure on policymakers to ease policy aggressively. But as investors remain undecided about the degree by which the Fed will lower rates, the US dollar is [..]

Daily Market Comment – Lagarde to succeed Draghi at ECB; US data eyed

Posted on July 3, 2019 at 8:09 am GMT

Lagarde to take over ECB after Draghi; markets bet on more QE BoE’s Carney strikes dovish tone, drags pound down Oil retreats as traders ‘sell fact’ after OPEC US ADP jobs and ISM non-manufacturing to drive dollar today IMF’s Lagarde chosen as next ECB chief In an otherwise quiet session on Tuesday, the biggest piece of news was that EU leaders finally reached a consensus on who to nominate for the Union’s top jobs. German defense minister Ursula von der [..]

Daily Market Comment – RBA cuts, but aussie won’t stay down; dollar recovers

Posted on July 2, 2019 at 7:57 am GMT

RBA reduces rates again, but aussie remains unfazed Dollar recovers as July rate-cut bets are scaled back EU leaders resume talks over top jobs; Global PMIs due RBA cuts, but can’t keep the aussie down The Reserve Bank of Australia (RBA) slashed interest rates earlier today, for the second time in two meetings, indicating that the move will help reduce unemployment and boost inflation. The cut was widely signaled in advance and largely priced in ahead of the event, so [..]

Daily Market Comment – US and China agree to ceasefire, stocks & dollar cheer

Posted on July 1, 2019 at 8:21 am GMT

Trade ceasefire propels stocks and dollar higher, sends safe havens lower Oil rejoices on trade truce and OPEC agreement ISM manufacturing PMI today may be crucial for Fed expectations Risk sentiment lifted as Trump & Xi decide to restart trade talks The pivotal meeting between the American and Chinese leaders concluded with the two sides agreeing to restart trade negotiations and hold off on imposing any new tariffs ‘for the time being’. What stood out was that the US also [..]

US ISM manufacturing PMI to extend slowdown but eyes on G20 summit– Forex News Preview

Posted on June 28, 2019 at 3:10 pm GMT

The manufacturing sector is remarkably important for the America’s technology and innovation leadership but also for the jobs market and thus any negative warning about the sector is a headwind to the economy and consequently to the dollar. The problem today is that the import tariff barriers imposed by the US government to China and other key economies have opened a can of worms in the industry, persuading the Fed to pause its rate hike campaign this year. On Monday at 1400 GMT, the [..]

Week ahead – Trump finally meets Xi; RBA and OPEC decide ahead of US payrolls

Posted on June 28, 2019 at 12:09 pm GMT

It’s another action-packed week, with the pivotal G20 summit that will decide how risk sentiment develops, finally upon us. Elsewhere, the Reserve Bank of Australia (RBA) is expected to slash rates again, while oil traders will pay close attention to the OPEC meeting. Economic data are not in short supply either, with the US employment report likely to add the final touches to expectations around how deep the Fed will cut in July. Trump-Xi meeting at G20 paramount for risk [..]

Daily Market Comment – Dollar drifts lower as G20 outcome anxiously awaited; inflation data eyed

Posted on June 28, 2019 at 8:17 am GMT

Markets anxiously await US-China trade talks as G20 summit gets underway Dollar and other majors steady but equities struggle Eurozone and US inflation data in focus amid rate cut talk All eyes on Trump-Xi meeting As the G20 summit gets underway in Osaka, Japan, investors’ attention is fixated on the much-anticipated meeting between US President Trump and Chinese President Xi as the two leaders attempt to mend their fraught relations. There’s a lot of uncertainty as to what the meeting, [..]

Daily Market Comment – Risk appetite creeps higher ahead of G20 talks; dollar advances

Posted on June 27, 2019 at 8:33 am GMT

Markets in cautiously optimistic mood ahead of crucial Trump-Xi meeting Reports that US and China have agreed to tentative truce over trade lift sentiment Dollar edges up but most pairs stuck in narrow ranges as G20 outcome awaited Modest hopes of positive talks buoy risk appetite Signs that the US and China were moving close to reaching some sort of a truce over their trade dispute lifted market sentiment on Thursday. According to a Chinese newspaper report, the US [..]

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