Forex News, Page 4

  • Italy Crisis and Brexit Bigger problem than EU Expected?

    A Quiet Economic Calendar Leaves Geo-Politics Front and Center

    Earlier in the Day:There were no material stats released through the Asian session this morning to provide direction, leaving the markets to consider the events of last week and what lies ahead for the week.The Saudi’s explanation of Kashoggi’s death in the Saudi consulate in Turkey was ill-received, leaving the

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  • New Zealand Notes

    NZD/USD Posts Solid Gain on Back of China Rebound, Higher Consumer Inflation Numbers

    The Australian and New Zealand Dollars surprisingly posted strong gains last week with help coming from a rebound in China’s currency and equity markets.Chinese YuanChina was in the news all week with most of the focus on Chinese stocks which have slumped close to 10 percent so far this month.

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  • USD/JPY

    USD/JPY Rises on Hawkish Fed, Easing of Safe Haven Buying, Dovish Koroda

    It was a relatively tame week in the Forex markets compared to the previous week’s volatility. Last week, the U.S. Dollar firmed against a basket of major currencies, primarily helped by a sell-off in the Euro. The dollar was also helped by a weaker Japanese Yen as the need for

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  • Trade War Fears

    China’s GDP Comes in Softer to Spook the Markets Early

    Earlier in the Day:Economic data released through the Asian session was on the heavier side this morning, with key stats including September inflation figures out of Japan and of greater significance, 3rd quarter GDP numbers out of China that were released alongside September industrial production, retail sales, fixed asset investment

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  • Us Dollar

    Dollar Has Returned to Growth on Unanimity of Fed Rate Hikes Despite Trump’s Comments

    Dollar returns to growth in world markets after hawkish FOMC’s minutes. The Fed members agreed on the need for further monetary policy tightening, which brought the dollar back its growth momentum. The dollar index rose to 10-day highs at the 95.42 level, as the protocols updated the market momentum to

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  • uk retail sales preview

    UK Retail Sales and Brexit News Leaves Focus on the Pound

    Earlier in the Day:Economic data released through the Asian session this morning included September trade figures out of Japan and September employment and quarterly business confidence numbers out of Australia.For the Japanese Yen, the August’s ¥438bn deficit rebounded to a ¥140bn surplus, which was better than a forecasted narrowing to

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  • London Streets

    September Inflation Numbers Hit the Pound

    September inflation figures out of the UK morning weighed on the Pound, with the annual rate of inflation easing from an August 2.7% to 2.4%, coming up short of a forecasted 2.6%.Month-on-month, consumer prices rose by just 0.1%, following August’s 0.7% rise, which was also softer than a forecasted 0.2%

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  • Midterm Report – The Impact and the Future of Brexit

    UK Inflation and Brexit Talk Put the GBP in Focus, with One Eye on the EUR

    Earlier in the Day:There were no material stats released through the Asian session this morning to provide direction for the majors, leaving market risk sentiment and geo-political risk to influence in the early part of the day.For the Kiwi Dollar, the better than expected 3rd quarter inflation figures from Tuesday

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  • USD/JPY daily chart, October 10, 2018

    The Kiwi Dollar Spikes on Inflation, as Risk Appetite Trickles Back Early On

    Earlier in the Day:Economic data released through the Asian session this morning included 3rd quarter inflation figures out of New Zealand and September inflation numbers out of China, with the RBA releasing its monetary policy meeting minutes from the 2nd October meeting.For the Kiwi Dollar, 3rd quarter inflation came in

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  • Risk Aversion Hits ahead of Italy’s Showdown in Brussels

    Earlier in the Day:Economic data scheduled for release through the latter part of the Asian session are on the lighter side this morning, with key stats limited to new loan growth numbers out of China and finalized August industrial production figures out of Japan.Out of China, expectations are that September

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  • China’s Trade Surplus Defies Gravity Again to Shift Focus to Trump and the USD

    Earlier in the Day:Economic data released through this morning’s Asian session was on the heavier side, with key stats including September Business PMI numbers out of New Zealand, August home loan out of Australian, along with the RBA’s Financial Stability Review and September trade data out of China, while Japan’s

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  • Weak Inflation

    Geo-political Risk and U.S Inflation to Drive the Greenback

    Earlier in the Day:There were no material stats released through the Asian session this morning, leaving the markets to consider U.S inflationary pressures following the release of wholesale inflation numbers on Wednesday ahead of this afternoon consumer price numbers.Other pressures continue to include the built-up tensions between the U.S and

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  • USD/JPY

    Stock Market Plunge Drives Investors into Safe-Haven Yen

    The U.S. Dollar fell sharply against a basket of currencies on Wednesday. The greenback was pressured primarily by a combination of a sharply higher Japanese Yen and a firm Euro.The steep drop in U.S. equity markets drove investors to seek shelter in the safety of U.S. Treasury markets. This drove

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  • usd

    The Aussie and Kiwi Dollar Rally as U.S Treasury Yields Ease Back

    Earlier in the Day:Economic data released through the Asian session this morning included September electronic card retail sales figures out of New Zealand, October consumer sentiment figures out of Australia and August machinery orders out of Japan.For the Kiwi Dollar, electronic card retail sales rose by 1.1% in September, following

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  • Geo-Political Risk and the Greenback Remain in Focus

    Earlier in the Day:Economic data released through the Asian session this morning included August current account figures out of Japan, September business confidence numbers out of Australia and September retail sales figures out of the UK.For the Japanese Yen, the current account surplus narrowed from ¥2.010T to ¥1.838T on a

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  • A Reserve Rate Cut by the PBoC Adds to the Greenback’s Allure

    Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side this morning, with stats limited to China’s Caixin services PMI number for September.Out of China, the Caixin services sector numbers impressed this morning, with the PMI jumping from 51.5 to 53.1 in September,

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  • NFP and Wage Growth Figures to Put the USD in the Spotlight

    Earlier in the Day:Economic data released through the Asian session this morning included August household spending figures out of Japan and August retail sales figures out of Australia.For the Japanese Yen, August household spending impressed, with spending surging by 3.5%, month-on-month, coming in ahead of a forecasted 0.4% rise, whilst

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  • Gold daily chart, September 20, 2018

    Aussie Record Trade Surplus Does Little to Slow the Greenback

    Earlier in the Day:Economic data released through the Asian session this morning was limited to trade August figures out of AustraliaFor the Aussie Dollar, Australia’s trade surplus jumped from a revised A$1.548bn to A$1.604bn in August according to the ABS.Imports were flat for the month, while exports rose by 1%,

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  • Chinese Yuan

    The CNH: Any Chances to Recover?

    Asian currency market suffers tough times. Trade war tensions that started in January 2018 are supposed to keep going. The US and China are two major players in the tariff game. While this game seems to be positive for the US dollar, the Chinese yuan is loosing.The depreciation of the

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  • Rising Geo-Political Risk Drives Support for the Yen and Dollar

    Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, with stats limited to August building approval figures out of Australia.For the Aussie Dollar, building approvals tumbled by 9.4% in August, according to the ABS, which was far worse than a forecasted 1.2%

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