JPY Weekly Forecast (Jan. 29 – Feb. 2)
Unlike the previous week, the yen was stuck in ranges against its major counterparts last week. Will it take cues from bond yields again over the next couple of days?
Read MoreUnlike the previous week, the yen was stuck in ranges against its major counterparts last week. Will it take cues from bond yields again over the next couple of days?
Read MoreU.S. Trade Representative Robert Lighthizer is hopeful about talks to renegotiate the North American Free Trade Agreement but realizes a great deal of work remains, Republican U.S. Congressman Dave Reichert said on Sunday after a briefing.
Read MoreTrading conditions were a bit choppy today. The session wasn’t a complete snooze fest, though, since AUD caught a bid while JPY was mostly weaker. And oddly enough, NZD also showed weakness.
Read MoreAsian session forex traders shrugged of today’s data releases and focused on overall risk appetite and dollar selloff.
Read MoreOil prices fell on Friday as market fundamentals are expected to weaken with the upcoming end of the peak demand period during the Northern Hemisphere winter.
Read MoreJapan’s inflation in December continued to lag a strong economic revival, leaving the central bank in a dilemma on how to turn off crisis-era stimulus policies that even some of its own board members warn will start to hurt more than help if retained for too long.
Read MoreThe euro whipped back and forth during the ECB presser as Draghi shared more insights on policy and exchange rates while the dollar drew some support from Trump’s remarks.
Read MoreU.S. negotiators have held firm in their demands for a wide-ranging overhaul of NAFTA, three sources close to the talks said on Thursday, raising questions about whether any real movement is happening at the latest round of negotiations on the treaty.
Read MoreThe euro tore past $1.25 and its highest in three years on Thursday, after the European Central Bank showed little more than minor discomfort about the currency’s hottest run in nearly four years.
Read MoreEuropean Central Bank chief Mario Draghi warned on Thursday that the surge in the euro was a source of uncertainty and said the bank might have to review strategy if U.S. comments on a weak dollar lead to a change in monetary conditions.
Read MoreThe number of Americans filing for unemployment benefits rebounded from a 45-year low last week, though by less than expected, pointing to tightening labor market conditions.
Read MoreMost pairs were milling about in tight ranges during the session, likely because traders are waiting for what ECB Overlord Draghi has to say in the upcoming ECB presser. AUD did see some directional movement, though.
Read MoreA day after sending the dollar reeling with comments supportive of a weak U.S. currency, U.S Treasury Secretary Steven Mnuchin said the Trump administration was not seeking trade wars but would defend its economic interests.
Read MoreRussia’s Finance Ministry said on Thursday it was working on legislation to regulate cryptocurrency transactions without fully banning them or legalizing digital FX as a means of payment in Russia.
Read MoreThere were no major economic reports printed over the last couple of hours, so Asian session traders focused on pricing in themes from the previous sessions.
Read MoreThe Trump administration supports bipartisan bills in Congress to toughen U.S. foreign investment rules amid growing concern about Chinese efforts to buy U.S. high-tech companies, the White House said in a statement on Wednesday.
Read MoreU.S. Treasury Secretary Steven Mnuchin welcomed a weaker dollar on Wednesday, sending the greenback reeling and underlining concerns that U.S. President Donald Trump is stepping up his attack on China.
Read MoreDollar weakness was already in play earlier in the day after Treasury Secretary Mnuchin said that a lower currency is good for trade, and sellers showed no signs of stopping as more geopolitical concerns emerged.
Read MoreU.S. home sales fell more than expected in December as the supply of houses on the market dropped to a record low, pushing up prices and likely sidelining some first-time buyers.
Read MoreThe Greenback was already showing some weakness when the morning London session rolled around. However, that weakness got amplified when U.S. Treasury Secretary Mnuchin said that a weaker dollar is good for U.S. trade.
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