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
Read More »Pound’s, Dollar’s and Euro’s Pros and Cons
The US Dollar rallied, extending the bounce out of the lows seen yesterday following sub-forecast April ISM and March construction data. The narrow trade-weighted USDindex lifted back to yesterday’s 2-week…
Read More »The BoJ meets!
Japan’s BoJ begins its two-day meeting tonight, and will announce policy on Tuesday. No changes are expected, though the Bank is expected to lower its inflation forecasts, largely due to…
Read More »USD/JPY May Rise at Trendline Support Following Bank of Japan Rate Decision
USD/JPY is testing trendline support following a third weekly loss. Yen traders will have their eyes on the upcoming Bank of Japan rate decision this week.
Read More »Events to Look Out for Next Week
FED and BOJ policy meeting and conference is in the spotlight even though it is unlikely to offer up any surprises this week. However, with the US economy building up…
Read More »Market Update – April 19 – Equities at highs, BTC hit from weekend hiatus
Market News Today – US Equities at new closing highs on Friday, (4 consecutive weeks for USA500), USD remains weak with 10-yr yield now well under 1.60% at 1.56%. Asian…
Read More »JPY Q2 2021 Technical Forecast
The technical outlook for the haven-associated Japanese Yen remains overtly bearish, after the funding currency toppled over 5.5% on average against its major counterparts in the first quarter of 2…
Read More »Oil gets back, US Dollar VS Yen and Euro
Treasury yields have dipped slightly alongside modest losses in US equity futures. US Equity futures are mildly weaker, with the USA30 off -0.4%, the USA500 down -0.4% and the USA100…
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