Japanese yen slides as report pegs Amamiya as BOJ governor By Investing.com
© Reuters. By Ambar Warrick Investing.com– The Japanese yen fell to an over three-week low against the dollar on Monday after a report said that Bank of Japan Deputy Governor Masayoshi Amamiya, who is a proponent of ultra-loose monetary policy- will take over as the bank’s governor. The that government sources said Amamiya was in consideration […]
AUD/USD slides towards 0.7000 as unimpressive China data joins RBA, Fed concerns
AUD/USD renews intraday low amid sour sentiment, mixed data. China Caixin PMI fails to overcome 50.0 mark despite improving in January. Mixed concerns over RBA’s next move, especially after strong inflation and downbeat Retail Sales, weigh on Aussie prices. Cautious mood can weigh on risk-barometer pair ahead of Fed’s verdict. AUD/USD takes offers to refresh […]
Gold Slides Ahead of Fed Decision!
Gold began a correction as prices slipped away from the $1950 zone yesterday. The yellow metal started the year well as evidence has grown that monetary tightening have peaked. Up over 20% from last year’s low, is this price movement just a retracement, or are we looking at a full reversal? Timestamps XAUUSD 01:30 DXY […]
USD/JPY slides below 130.00 as upbeat Tokyo CPI pleases BoJ hawks ahead of Fed’s preferred inflation
USD/JPY takes offers to refresh intraday low, fades bounce off weekly bottom. Firmer prints of Tokyo CPI for January renews hawkish concerns over BoJ and weigh on Yen prices. Mixed concerns surrounding Fed’s next move, hopes of BoJ’s hawkish turn also please USD/JPY bears. Fed’s preferred inflation gauge eyed for clear directions ahead of next […]
Japanese Yen Slides Ahead of BoJ While Chinese Data was Digested. Where to for USD/JPY?
Japanese Yen, USD/JPY, BoJ, JGB, Nikkei 225, China Data, Crude Oil – Talking Points The Japanese Yen softened today ahead of a crucial BoJ meeting Chinese data was better than expected but it wasn’t all good news If the BoJ shift toward further tightening, will USD/JPY resume its downtrend? Recommended by Daniel McCarthy Get Your […]
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 […]
US Dollar Slides to New Lows after Fed Cites CPI as Key to Hikes. Where to for USD?
US Dollar, DXY Index, Fed, FOMC, China, EUR/USD, GBP/USD – Talking Points The US Dollar softened today as Fed speakers put forward their case China re-opening might get a further boost from stimulus measures Risk and growth-linked assets are benefitting from the tilt. Will that sink USD? Recommended by Daniel McCarthy Get Your Free USD […]
Australian Dollar Leaps Despite Weak Data as the US Dollar Slides. Higher AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Crude Oil, Gold – Talking Points The Australian Dollar vaulted higher as the US Dollar wilted US data has led to a theory that the Fed might not be aggressive going forward China’s re-opening has not been smooth, but it might move AUD/USD Recommended by Daniel McCarthy Get Your Free […]