US says it expects some sort of retaliation from the Houthis – ForexLive
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USDJPY Technical Analysis – ForexLive
USD The Fed left interest rates unchanged, as expected at its previous meeting, and revised its statement to signal the end of its tightening cycle. A summary of economic forecasts showed that the unemployment rate will remain unchanged, while the growth rate and core PCE for 2024 will be revised downward. Additionally, the dotplot has […]
Forexlive Americas FX news wrap 11 Jan: CPI higher but gains in dollar and yields reverse. – ForexLive
US CPI was the big event of the day and also the big event of the week. Month-over-month data showed an increase of 0.3% in both headline and core. On a year-on-year basis, the core fell to 3.9% compared to 4.0% in the previous month, but was higher than the expected 3.8%. Composite CPI YoY […]
ForexLive Asia-Pacific FX news wrap: USD fell as we await CPI data – ForexLive
Do you have oil?Berkshire Hathaway, led by Warren Buffett, went on a buying spree in Occidental stock. Barclays believes market expectations for Fed rate cuts are too aggressive ICYMI – US Treasury Secretary Yellen says more effort is needed to control inflation If something unexpected happens in today's U.S. Consumer Price Index (CPI) data, here's […]
USD/JPY inches back towards test of key technical level – ForexLive
After yesterday's selloff, it looks poised for further decline today, currently down 0.3% to 143.75. Of note, price is starting to move towards the next test of his 200-day moving average (blue line) at 143.35. USD/JPY daily chart This makes the range of price movements clear in the big picture, with a daily ceiling at […]
ForexLive Asia-Pacific FX news wrap: Awaiting US jobs and Services PMI data – ForexLive
See the points above for a look at what to look for in the US non-farm payrolls and ISM services PMI data to be released on Friday morning, particularly the range of estimates and why they are important to be aware of. please. Asian currencies traded in a narrow range, with the US dollar showing […]
USD/JPY pares early advance as dollar flails after yields setback – ForexLive
USD/JPY daily chart This certainly remains an interesting situation for USD/JPY, with the price trend currently moving back towards the 200-day moving average (blue line) at 143.17. A break below this level will likely give sellers some technical momentum back, but it is too early to take that for granted. The US dollar is generally […]
ForexLive Asia-Pacific FX news wrap: Oil steadies – ForexLive
The flow of news and data has been light during trading here, with all eyes on the U.S. jobs report due by Friday. China was the focus. Yields on Chinese government bonds have fallen to their lowest level in three years. The 10-year Treasury yield fell towards 2.50%, hitting a low recorded in May 2020. […]
USD/JPY stays underpinned by higher bond yields so far on the week – ForexLive
USD/JPY movements continue to be heavily linked to movements in bond yields, and more specifically US Treasury yields. This is evident in the hourly chart below. USD/JPY vs. US government bond 10-year yield (%) hourly chart The recovery of the 10-year bond yield to near 4% has also led to a rebound in USD/JPY from […]
Forexlive Americas FX news wrap 2 Jan: The USD and yields move higher. Stock lower. – ForexLive
The year opened with countertrend movements in yields, the US dollar, and stocks. In terms of yields, the US dollar was mostly low compared to major currencies in 2023. The exception was against JPY. NZD and AUD remain almost unchanged over the year. Currently, the US dollar has finished as the strongest of the major […]