Sterling storming back
Cable, Daily The pound has perked up over the last day, with Cable posting a one-week high at 1.3888, just shy of last Friday’s, post NFP pop to 1.3890. EURGBP…
Read More »Market Update – August 23 – Dollar Dips, Equities Hold gains
Market News Today – USD (USDIndex 93.32) ticks lower again today, but holds significantly over 93.00.Yields (10yr 1.26%) lower as Asian stock markets follow US higher. (USA500 closed +0.81% @…
Read More »Market Update – August 17 – Sentiment weak, USD holds gains
Market News Today – USD (USDIndex 92.70) ticks higher again, on risk aversion as Virus concerns (partic. NZ which will enter new nationwide lockdown) and news from Afghanistan weighs. Yields…
Read More »Market Update – August 10 – Qualm gains in the market
Market News Today – Treasuries have been supported and bond as well as stock markets have traded cautiously mixed across the Asia Pacific region. Another stellar jobs report and hawkish…
Read More »Yen Q3 Fundamental Forecast: Road Ahead Remains Tough
The road ahead for the Japanese Yen in the third quarter remains tough, with USD/JPY perhaps looking to rise amid a less-dovish Federal Reserve amid persistent inflationary pressures.
Read More »Market Update – June 22 – Signs of Volatility
Market News Today – Volatility back – Equities rebound, USD slips from recent highs but USDIndex holds at 92.00. US Equities recover (USA500 +58pts to 4224 (+1.40%), Asian markets also…
Read More »It is the Fed and BoJ’s turn: What could be their impact on the US Dollar and Yen?
It is the Fed’s and BoJ’s turn this week to reassure markets that officials still view the surge in inflation as transitory and hence not a threat to the low…
Read More »US Data Mixed – Weekly Claims and the Philly Fed.
EURUSD, H1 The Dollar was little changed following the key US data today, which saw initial claims fall more than expected, 444,000 versus expectations of 453,000, for another pandemic era…
Read More »GBP/JPY refreshes multi-month top above 154.00 on Japan GDP miss, UK employment eyed
GBP/JPY takes the bids around 154.60, up 0.12% intraday, while rising to a fresh high in 39 months amid Tuesday’s Asian session. The pair recently jum
Read More »Japan – Jibun Bank/Markit PMIs (final) for April: Services 49.5 (prior 48.3) and Composite 51.0 (49.9)
Services still in contraction but an improvement from March Markit’s key points: more to come — Yen remains little changed on the data, circa 109.04
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