Forexlive Americas FX news wrap: Dollar and bonds go for a wild ride
June US ISM manufacturing index 53.0 vs 54.9 expected US May construction spending -0.1% vs +0.4% expected S&P Global final June US manufacturing index 52.7 vs 52.4 prelim Atlanta Fed…
Read More »Here’s why betting against the BOJ is a ‘widow maker’ trade
This from Bloomberg (gated) ICYMI, tracing some of the history of bets made against the Bank of Japan since, at least, 1994. 1994! Betting against the BOJ has confounded some of…
Read More »EURJPY: ECB and BOJ Policy Divergence
ECB President Christine Lagarde’s speech today at the ECB Forum was largely a rehash of what she communicated at the ECB press conference earlier this month. She said that the…
Read More »Largest pension fund on the planet is making a killing on the weak yen
Japan’s Government Pension Investment Fund (GPIF) is the largest pool of retirement savings in the world. GPIF manages and invests the Reserve Funds of the Japanese Government’s Pension Plans entrusted by…
Read More »Japanese Yen Weakens to 1998 Low as Nasdaq 100 Rallies, Eyes on Asia-Pacific Trade
The Japanese Yen weakened to a 1998-low as the Nasdaq 100 rallied on Tuesday, a consequence of the Bank of Japan defending its ultra-loose policy last week. Will stocks rally…
Read More »Market Update – June 17 – Deeply underwater
USD drifted (USDIndex 103.15) thanks to the hawkish SNB and BoE, and the potential for a shift from the BoJ. However, the BoJ eventually left policy on hold & maintained…
Read More »Japanese Yen Hits 20-Year Lows, BoJ Concerned about Weakness
The Yen has fallen to 134.56, a 20-year low, and a breakout would be the lowest since October 1998. On January 31, 2002, it was nearing 135.20. It’s now trading…
Read More »Events to Look Out for Next Week
One of the core tenets of monetary policy is price stability, and the run-away inflationary pressures over the past year have certainly put central bank credibility to the test. Elevated…
Read More »Newsquawk Week Ahead: Highlights include FOMC, BoE, RBA, BoJ, China data
MON: UK GDP Estimate (Apr). TUE: UK Jobs Data (Apr/May); Swedish CPI (May); German ZEW Survey (Jun); US PPI (May); OPEC MOMR. WED: FOMC Announcement; BCB Announcement; Chinese Industrial Production…
Read More »Forexlive Americas FX news wrap: US adds another 390,000 jobs
US major stock indices close lower on the day and lower on the week Key events and releases for next week WTI crude oil futures settle at $118.87 Iraq oil…
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