Oct. 29: market news

29 October, 2013

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. In the euro area watch for German Gfk consumer climate at 07:00 GMT. Data released yesterday showed that US pending home sales slumped in September, while industrial production kept growing at a bit higher pace. Later today don’t miss US retail sales figures at 12:30 GMT and consumer confidence at 14:00 GMT.    

GBP/USD tested $1.6063 before returning to the levels above $1.6100, but is still trading on the downside. Britain will release net lending for individuals data at 09:30 GMT. USD/JPY is trading in the 97.70/45 range, gravitating towards the lower part of the range. Japan released a bunch of positive data tonight. Retail sales rose by 1.8% m/m (forecast: 0.5%), while household spending grew by 3.7% y/y (forecast: 0.5%). USD/CHF met resistance around 0.8970.

AUD/USD extends the downside, falling by 70 pips to $0.9505 in the Asian trade. RBA Governor Stevens pulled the pair lower by saying that the “unusually high” AUD is not supported by the fundamentals. Stevens said the Aussie is likely to be ‘materially lower’ sometime in the future given the declining terms of trade. NZD/USD has followed the Aussie’s decline, slipping to $0.8260. USD/CAD is trading below resistance at 1.0450. Bank of Canada’s Governor Poloz will speak at 16:00 GMT.


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. 16: US negotiations continue

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...

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: