Market Update – October 26
Stocks and bonds were routed midweek. Tech shares were slammed after poor earnings news from Alphabet knocked its shares down nearly -10%, spreading gloom across the sector. A surge in…
Read More »GBP/JPY sees additional losses for Friday, ends the week near recent lows at 181.60
The GBP/JPY chalked in another red bar to settle Friday, bringing the pair back into range of the week’s lows set on Monday near 181.25, and the closi
Read More »IMF: Yen’s recent declines are driven by fundamentals, criteria not met for intervention
Alongside the surge in USD/JPY Japanese authorities have insisted, over and over again, that the rate should trade in a stable fashion ‘driven by fundamentals’. And over and over again…
Read More »EURJPY: Euro Weakness and Yen Powerlessness
The US Dollar is weaker, after the ADP employment data report lowered the odds of the Fed raising interest rates later in the year. This favoured the Japanese Yen temporarily,…
Read More »Forexlive Americas FX news wrap 6 Oct. Stronger nonfarm payroll shrugged off by the market
US major indices close higher for the day. S&P snaps four week losing streak WTI crude futures settle at $82.79 UAW Pres Fain: UAW strike is working but not there…
Read More »Japan September Services PMI 53.8 (prior 54.3)
Jibun Bank / S&P Global September final PMIs. Preliminary and priors are here: flash Services PMI And the final for the manufacturing PMI is here: Japan final manufacturing PMI for…
Read More »Market Update – September 29 – Dollar off 10-months high; Yen regains ground
Stock as well as bond market are moving higher at the end of the quarter. GER30 and UK100 are up 0.7% and 0.8% respectively, after the Hang Seng bounced 2.7%….
Read More »Forexlive Americas FX news wrap 15 Sep: US dollar moves higher helped by higher rates.
General Motors says it expects to run out of parts at Kansas plant as soon as next week Broader US indices tumble and close lower on the week S&P and…
Read More »Japanese Yen’s Slide Pauses but for How Long? USD/JPY, EUR/JPY, MXN/JPY Price Setups
The retreat in US Treasury yields amid a scaling back in US Federal Reserve rate hike expectations this year appears to have put a lid on USD/JPY.
Read More »Japanese Yen Slides on BoJ and Fed Commentary from Jackson Hole. Higher USD/JPY?
The Japanese Yen is pondering a potential new low today with the US Dollar gaining traction post-Jackson Hole. The Fed and BoJ remarks may add to speculation to bolster USD/JPY.
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