USD/JPY gains some traction on Wednesday and built on the overnight modest rebound.
A modest recovery in the risk sentiment, rebounding US bond yields remained supportive.
The upside remains capped amid concerns over the economic impact from the coronavirus.
The USD/JPY pair trimmed a part of its e
RBA left the cash rate unchanged at 0.75%. To our surprise, policymakers appeared more upbeat on the economic outlook than we had anticipated. While acknowledging uncertainty to growth mainly driven by bushfires and China’s coronavirus, the members adopt a wait-and-see mode to the impacts. They also
We're set to close out the week with the US equity market easily managing its way through yet another wave of downside risk, extending the run of record gains. There was barely a moment of weakness on the escalation of tension between the US and Iran, and now that this risk has calmed, stocks are ri
The broad averages are head-butting some long-term technical targets that are not likely to give way easily. Is this where the bull market dies? This presentation addresses that question with some compelling charts.
EUR/USD is ending Wednesday’s New York session keeping the consolidation theme unchanged.
The level to beat for sellers is the 1.1043 level.
EUR/USD daily chart
The Fiber, on the daily chart, is trading in a downtrend below the downward sloping 100 and 200-day simple moving averages (DMAs). The FO
CME Group’s preliminary figures for JPY futures markets saw open interest rising for the second consecutive session on Monday, this time by just 229 contracts. On the other hand, volume dropped for the third straight session, now by around 11.5K contracts.
USD/JPY still targets the 109.00 area
The NZD is the strongest currency at the moment, after the RBNZ was perceived to be more hawkish than the market was expecting by saying that they would cut rates 'if necessary'. The JPY is the weakest, but with Asian indices trading lower on fragile risk sentiment I wouldn't be surp
FOMC executives were divided in this week's meetings as to whether further interest rate cuts this year are justified. They did manage to pass a quarter-point reduction, however.
Hong Kong's central bank followed the Fed's lead with a quarter-point interest rate reduction.
Japan and Switze
Daily Pivots: (S1) 1.1003; (P) 1.1040; (R1) 1.1065;
No change in EUR/USD’s outlook as consolidation from 1.0926 is extending. Intraday bias remains neutral at this point. Outlook remains bearish as long as 1.1164 resistance holds. Firm break of 1.0926 will resume lager down trend from 1.2555 for 1.0
Latest data released by ONS - 18 September 2019
CPI +1.7% vs +1.9% y/y expected
Core CPI +1.5% vs +1.8% y/y expected
Those are some poor headline inflation readings with the core reading even sinking to its weakest level since November 2016. ONS notes that the d
The Australian Dollar ebbed to an 11-day low versus the U.S. Dollar, at 0.6833. Several factors weighed on the antipodean currency. First, the RBA minutes from the September policy meeting showed that the central bank remains disposed to further easing, and second, Australian consumer sentiment fell
Singapore August non-oil domestic exports -8.9 % y/y (Reuters poll -12.2%)
NODX to Europe -10.8% y/y
to China +38.5% y/y
to the US -15% y/y
The next meeting of the mass Monetary Authority of Singapore is coming up in October
Good morning, afternoon or evening to all & welcome to the start of the new FX week.
As is usual for a Monday morning, market liquidity is very thin. It improves as more Asian centres come on online, but do note its a holiday in Japan today so we await Singapore and HK. This early, prices are li
Tokyo's main index closes higher amid a more upbeat risk mood in Asia
Japanese stocks are posting solid gains led by banking stocks - similar in Hong Kong - ahead of the ECB policy decision tomorrow. Notably, exporter shares are also holding firmer amid a weaker yen over the past few days as well.