Dollar slips after weak data while yen ticks up By Reuters
© Reuters. FILE PHOTO: A U.S. hundred dollar bill and Japanese 10,000 yen notes are seen in this photo illustration in Tokyo, February 28, 2013. REUTERS/Shohei Miyano By Harry Robertson and Rae Wee LONDON/SINGAPORE (Reuters) – The dollar slipped on Thursday after a raft of data showed the U.S. economy is losing momentum, while the […]
One data point at a time is the mode in the market
The market has an interesting way of making the dark moments darker and the bright moments brighter. A few days ago, the soft landing talk was everywhere and then suddenly the reversal yesterday highlighted the multitude of risks around a hard landing, crumbling margins and consumer spending stalling. Those worries have continued today with S&P […]
Market Update – January 19 – Stocks sink, USD rises after weak data & JPY bounces back
Weak data (Retail Sales & PPI) from the US added to recession worries – More Hawkish comments from a raft of FED speakers talking 5.25-5.5% terminal rates added to a safe haven bid for the USD, caused Stock markets to collapse (-1.24% to -1.81%) under key technical levels and speculators to back the YEN and […]
Aussie falters on soft jobs data, kiwi calm after Ardern resignation By Reuters
© Reuters. FILE PHOTO: An Australian one dollar coin can be seen amongst various other Australian coins at a store in Sydney, Australia, February 11, 2016. REUTERS/David Gray By Stella Qiu SYDNEY (Reuters) – The Australian dollar reversed a recent rally on Thursday, as rising fears of a U.S. recession and soft local jobs data […]
Australian Dollar Dipped After Slight Miss on Jobs Data. Where to for AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Employment, – Talking Points The Australian Dollar lost ground after jobs numbers disappointed Despite the miss, the Australian labour is tight and might impact CPI The US Dollar continues to hold sway. Will it allow AUD/USD to make a new high? Recommended by Daniel McCarthy Get Your Free AUD Forecast […]
XAU/USD Eyes U.S. Economic Data for Guidance
GOLD ANALYSIS & TALKING POINTS Gold in the green ahead of U.S. economic releases, USD on offer. Golden cross losing steam? Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter […]
UK and US retail sales data in the spotlight, UK inflation falls
Asia-Pacific shares traded higher on Wednesday, although the Bank of Japan (BoJ) announced its decision not to change its yield curve control policy. In a press conference, the BoJ’s Governor Haruhiko Kuroda said that “it’s not long since we decided on our measures in December. It will likely take some more time for the measures […]
Upbeat China Data may Unlock more Upside in Euro and other Pro-Cyclical Currencies
The unexpected rebound of the Chinese economy as seen in the latest batch of Chinese data reinforced the idea that a hidden China economic momentum will unlock the upside in pro-cyclical currencies, including the euro. The decline in natural gas prices pushes the idea of an energy crisis deep to the sidelines causing revisions of […]
Inflation data on the agenda in Europe today
The market is still digesting the BOJ policy decision from earlier with the yen being knocked down by over 2% across the board while bonds are more bid in the aftermath. The central bank doubled down on defending their yield curve control policy and that has seen 10-year JGB yields fall to 0.41%. The move […]
FTSE Pauses Ahead of All-Time High as Solid Jobs Data Buoys Sterling
FTSE 100 News and Analysis Recommended by Richard Snow How to Trade FX with Your Stock Trading Strategy FTSE 100 Has All-Time High in Sight The FTSE has begun 2023 much the same way it ended 2022, with a strong bullish advance. The all-time high around 7909.50 was less than 40 pips away in early […]