The Japanese yen was flat versus the US dollar and gained on the euro after the Bank of Japan concluded its policy meeting followed by a press-conference. The BoJ made no changes to its monetary policy, in line with market expectations. There was again one dissenter who voted for reducing the size of asset purchases. At the press-conference, Governor Haruhiko Kuroda, who had said previously that the yen is weak, said that the weaker … “Yen Higher vs. Euro After BoJ Concludes Policy Meeting”
Month: June 2015
Pound Underperforms Despite Supportive Data
The Great Britain pound fell against the US dollar and was little changed versus the Japanese yen today even though the recent economic reports from the United Kingdom were positive and should have been supportive for the currency. UK net public borrowing was at £9.4 billion in May (not seasonally adjusted), below market expectations. Released yesterday, retail sales demonstrated surprise growth by 0.2 percent in May, whereas analysts … “Pound Underperforms Despite Supportive Data”
UK Pound Trades Mixed Against Other Major Currencies
UK pound is trading mixed today as the focus shifts away from the sterling and attention is given to other currencies and their situations. UK pound had its time when the latest minutes from the Bank of England were released, showing that two members of the Monetary Policy Committee are concerned about leaving rates low. Sterling also got a boost yesterday from a surprisingly dovish statement from the US … “UK Pound Trades Mixed Against Other Major Currencies”
Economic Data Helps US Dollar Recover from Dovish Fed
Positive economic data out of the United States helping the US dollar move higher today, recovering from the dovish stance adopted by the Federal Reserve at the end of its two-day meeting earlier this week. Greenback is higher against its major counterparts and the dollar index is gaining as well. Good economic news continues to point to recovery for the US economy, and that is helping the US dollar today. Jobs data released … “Economic Data Helps US Dollar Recover from Dovish Fed”
EURUSD, USDJPY, GBPUSD TA, Pivot Points – June 19 2015
EURUSD Daily Pivots R3 1.1524 R2 1.1479 R1 1.1418 Pivot 1.1373 S1 1.1312 S2 1.1268 S3 1.1207 EURUSD (1.137): EURUSD saw another bullish day yesterday but failed to close at the highs, resulting in a small bodied candlestick pattern. With prices however trading above the daily resistance level at 1.12845, the bias remains to … “EURUSD, USDJPY, GBPUSD TA, Pivot Points – June 19 2015”
EUR/USD: Ignore The Noise; Stick To Fundamentals: 0.95 in
The Greek crisis, with all its ups and down is certainly moving markets, as we have seen with the recent spikes. Nevertheless, the team at Goldman Sachs says we should follow the fundamentals and not the noise, and this implies a strong movement downwards. Here is their view, courtesy of eFXnews: Following yesterday’s FOMC meeting, Goldman … “EUR/USD: Ignore The Noise; Stick To Fundamentals: 0.95 in”
What’s Wrong With The US Dollar? – CIBC
The US dollar is struggling with negative data and does not really rally on positive data. What’s going on? And will this change? The team at CIBC weighs in: Here is their view, courtesy of eFXnews: Economic data has been solid over the past month and the US recovery looks like it’s back on track but … “What’s Wrong With The US Dollar? – CIBC”
USDJPY: Bearish, Sees Price Weakness
USDJPY: With USDJPY following through lower on the back of its Wednesday weakness on Thursday, further downside pressure is likely in the days ahead. On the downside, support comes in at the 122.47 level where a break will target the 122.00 level. Below here if seen will aim at the 121.50 level followed by the … “USDJPY: Bearish, Sees Price Weakness”
Japanese Yen Heads Higher Against Other Majors
Japanese yen is heading higher against its major counterparts today, gaining ground as policymakers continue their two-day meeting. Yen is higher today, strengthening after losing ground earlier. Bank of Japan policymakers are in the middle of a meeting, following on the heels of a dovish statement from the Federal Reserve. A statement from the BOJ is expected tonight. Japanese yen is gaining ground, though, as Forex traders take stock … “Japanese Yen Heads Higher Against Other Majors”
Euro Higher Even as Grexit Talk Swirls
Euro is mostly higher today against its major counterparts, even after increased speculation that Greece will need to exit the eurozone. Euro is getting help from weakness in other currencies, particularly the dollar. Euro is getting a boost today, which some may find surprising, considering the increasing chance that Greece will have to exit the eurozone. Greek policymakers are wielding the threat of an exit. While … “Euro Higher Even as Grexit Talk Swirls”