Markets Week Ahead: Dow Jones, US Dollar, Gold, Japanese Yen, PCE, Bank of Japan
The Dow Jones, DAX 40 and Nikkei 225 fell as volatility struck markets last week. Ahead, the US Dollar and gold prices await US PCE data while USD/JPY turns to…
Read More »Japanese Yen Eyes Support After Fed Failed Convincing Markets About Rate Outlook
The Japanese Yen faces key support after the Federal Reserve raised interest rates and struggled to convince markets about its policy outlook. AUD/USD awaits Australian employment figures.
Read More »Market Update – November 25 – Record Daily Covid Cases in China Punctures Sentiment
The USD Index holds at 9-day lows above the key 105.50 at 105.67 today, following the FED mins on Wednesday. US 10yr Yields lower (-1.39% at 3.66%) Asian Stocks also…
Read More »Japanese Yen Yawned at GDP Miss as US Dollar Dominates. Where to for USD/JPY?
The Japanese Yen ignored soft GDP data as US Dollar gyrations remain in the driver’s seat with the Fed in focus for policy shift becoming mired in conflicting comments. Lower…
Read More »Events to Look Out for Next Week
A gigantic Week ahead! Politics, Central banks and Earnings still on! BoC, ECB and BoJ monetary policy meetings are on the agenda along with earnings reports from tech giants such…
Read More »Market Update – October 19 – Inflation hasn’t disappeared
USDIndex steady below 20-DMA at 112.20. Yields are rising and the rally in stocks is petering out, although ASX and Nikkei still managed to post modest gains and futures are…
Read More »USD/JPY awaits Japan intervention around 30-year high above 149.00, yields stay sluggish
USD/JPY treads water around 149.20-30 as Tokyo opens for Wednesday. In doing so, the yen pair prints mild losses while snapping the 10-day uptrend as
Read More »Market Update – October 13 – FOMC Minutes Remain Hawkish – CPI Today
USDIndex – Held 113.00 yesterday and again tested 113.44. Yields cooled from recent highs. (US 10yr at 3.902%). US PPI was hotter than expected (0.4% vs 0.2% & -0.1% prior)….
Read More »Japan Jibun Markit Services PMI for September (final): 52.2 (prior 49.5)
<p>Services 52.2</p><p>preliminary 51.9prior 49.5</p><p>Composite 51.0</p><p>preliminary 50.9prior 49.4</p><p>—</p><p>Commentary from the report:</p><ul><li>"September brought along a more positive month for Japan's service sector as activity levels returned to growth. The announcement that restrictions…
Read More »GBP/JPY Price Analysis: Trimmed last week’s losses, regains the 200-DMA
The GBP/JPY advanced for the fourth straight day and reclaimed the 200-day EMA after hitting a daily low at around 159.43, though buyers stepped, send
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