Morgan Stanley cuts year-end dollar forecast By Reuters
© Reuters. FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California September 24, 2013. REUTERS/Mike Blake/File Photo (Reuters) -Morgan Stanley cut its 2023 year-end forecast for the to 98, and expects the greenback’s weakness to be more pronounced against the euro this year as worries […]
USD/JPY rises back above 128.50 on broad US Dollar strength, ahead of the BoJ’s meeting
The USD/JPY traded below 128.00 for the first time since June 2022. USD/JPY traders are bracing for the Bank of Japan’s monetary policy meeting on Wednesday. USD/JPY Price Analysis: Downward biased; it could test 125.00 in the near term. The USD/JPY recovered after hitting an eight-month low around 127.21, reclaiming 128.00 and advancing sharply toward […]
Dollar finds its footing near seven-month low, all eyes on yen By Reuters
© Reuters. FILE PHOTO: Examples of Japanese yen banknotes are displayed at a media event in Tokyo, Japan, November 21, 2022. REUTERS/Kim Kyung-Hoon/File Photo By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) – The dollar started the week on the back foot, hitting a seven-month low against a basket of major peers in Asian trade […]
Dollar stabilizes, yen climbs ahead of BOJ meeting By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar stabilized in early European trade Monday, trading just above a seven-month low on rising expectations that the Federal Reserve will slow the pace of its interest-rate hikes, while the Japanese yen gained ahead of a Bank of Japan meeting. At 03:00 ET (08:00 GMT), the […]
Australian Dollar Buoyed by Sentiment as China Moves into Focus. Higher AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Iron Ore, China, Japan PPI, USD/JPY – Talking Points The Australian Dollar found support while the US Dollar slid lower The markets are focussed on the China re-opening story but there might be hurdles If commodity prices keep going north, will AUD/USD benefit? Recommended by Daniel McCarthy Get Your Free […]
Dollar under pressure as consensus over soft inflation figures in 2023 grows
The dollar fell to its lowest level in 7 months, and bond yields stabilized after a sharp fall on Thursday, as another decline in major US inflation indicators raised hopes for an early end to the Federal Reserve's tightening cycle, and even its first rate cut in the second half of the year.On Friday, the […]
S&P 500, Nasdaq 100, US Dollar, Gold, Japanese Yen, BoJ
Recommended by Daniel Dubrovsky Get Your Free JPY Forecast Global market sentiment improved this past week across stock market exchanges around the world. On Wall Street, the S&P 500 and Nasdaq 100 gained +2.67% and 4.82%, respectively. Turning to Europe, the FTSE 100 and DAX 40 increased 1.88% and 3.26%, respectively. Meanwhile, in the Asia-Pacific […]
US dollar slides as the mood in markets improves
I highlighted the economic commentary from earnings reports earlier today and that along with better US consumer sentiment was telling. US stock futures pointed to a 1% decline but that’s been pared to 0.2%. You also have strong dip buying in names that reported like Delta and JPMorgan: In FX, the reaction has been more […]
Considerable upside in Yen vs. US Dollar – TDS
Economists at TD Securities think the Yen will trade with an asymmetric bias that is tilted to the upside. EUR/JPY: Downside towards 130 in the coming months is likely “With the Fed ceding leadership on policy to the ECB and the BoJ, JPY trading bias remains asymmetric and with considerable room for gains.” “We expect […]
US Dollar (DXY) Treading Water as US CPI Data Nears, Volatility Subdued for Now
US Dollar (DXY) Price and Chart Analysis Are markets too optimistic ahead of today’s CPI release? Technical support for the US dollar looks fragile. Recommended by Nick Cawley Download our brand new USD forecast A range of financial markets remain risk-on ahead of the latest US inflation report which is expected to show price pressures […]