Oct. 16: US negotiations continue

16 October, 2013

EUR/USD is trading on the downside around $1.3515. Yesterday euro tested $1.3947, but then bounced due to no resolution to US budget and fiscal issues and managed to close above $1.3500. Senate Democrats and Republicans must now reach a final agreement and persuade House Speaker John Boener to allow a vote that would pass largely with Democratic support. The single currency dropped today before a report forecast to confirm the slowest price gains in more than 3 years (09:00 GMT). The ECB’s President Mario Draghi will speak today at 18:00 GMT. GBP/USD declined by about 25 points below $1.6000. Britain will release unemployment data at 08:30 GMT.

USD/JPY remains volatile. On Wednesday the pair has recovered above 98.50 after the yesterday’s dip to 98.00 as the US Senate resumed talks to avoid a default. Nikkei 225 is trading on the positive zone. USD/CHF rose to 0.9150, but is still below yesterday’s high at 0.9177. Watch Swiss ZEW economic expectations at 09:00 GMT.

AUD/USD is calmly trading around $0.9520. Aussie remains supported at $0.9500 and capped by the yesterday’s high of $0.9560. NZD/USD has strengthened to $0.8405. New Zealand CPI for Q3 came a bit above the forecast (+0.9% q/q vs. expected +0.8%). There are no other releases scheduled for today on the Asian markets, so all eyes are on the US today. USD/CAD is swinging in the 1.0345/65 area.


Source link  
Morning brief for November 18, 2016

USD/JPY surged above 110.55. The greenback was buoyed after Fed Chair Yellen confirmed that a rate hike could come “relatively” soon. Yesterday the BOJ launched an implementation of its yield curve policy buying JGBs to weaken the yen...

Fed rate policy puts South Korea at risk

The South Korean economy is currently facing downside risks. It’s because the American Federal Reserve is all geared up towards raising interest rates, while Korea is busy with overhauling its shipping as well as shipbuilding industries, as the finance ministry reported on Thursday...

USD/JPY: what's limiting growth?

Among the positive factors for this pair we can mention good data from the US and the difference in the monetary policy of the Federal Reserve and the Bank of Japan. In addition...


A.Weber: what to expect from USD?

DXY holds slightly below its 4-year high on Wednesday, pressured by US airstrikes in Syria and by dovish comments of the NY Fed President Dudley. This week he said a stronger currency could hurt the US economic growth...

Jan. 22: market news

Asian shares swung between gains and losses as the Bank of Japan pledged to maintain economic stimulus and the International Monetary Fund raised its global growth forecast...

Jan. 10: market news

Asian shares were little changed on mixed Chinese trade data...


Dec. 11: market news

The US congress has unexpectedly reached a budget deal that ensures no government shutdown in January and October 2014. The dollar halted its decline versus the major currencies as this news had significantly increased the chances for the QE tapering in December or in early 2014...

Oct. 29: market news

EUR/USD slid to $1.3770, but still remained close to the 2-year high. The Fed begins a 2-day meeting today and economists are predicting that the policy makers will refrain from tapering stimulus...

Sep 17: all eyes on the Fed

US dollar is trading near a 4-week low on Tuesday as traders wait for the outcome of the Federal Fed's 2-day policy meeting at which it's expected to announce a modest reduction in its bond-buying stimulus. Also pay attention to US CPI data at 12:30 GMT...

  


Share: