USD/JPY has been on the back foot amid economic weakness and political uncertainty. High-level trade talks, the FOMC minutes, and inflation are high on the agenda. Early October’s daily chart is pointing to new lows. Experts are bearish on USD/JPY on all timeframes. USD/JPY has proved that it is data-dependent – and depressing figures sent … “Safe-haven yen has more room to run on ongoing global downturn”
Category: Opinions
Time to talk about the Boris Brexit plan – and GBP/USD could go down
GBP/USD has advanced as PM Johnson proposed a deal that is backed by many MPs. The EU is yet to accept the plan, and crunch negotiations stand out this week. Early October’s daily chart is showing improving odds for pound bulls. The FX Poll reveals that experts see GBP/USD falling in the medium and long … “Time to talk about the Boris Brexit plan – and GBP/USD could go down”
Three reasons for the stock market crash
US economic data have been weak and add to recession fears. Trade uncertainty weighs despite China’s week-long holiday. Political uncertainty has risen with further developments in both parties. US stock markets are falling for the second day in a row – and Wednesday’s declines are worse than Tuesday. Safe-haven assets such as the Japanese yen … “Three reasons for the stock market crash”
Cryptocurrency self-regulation may raise prices
A new offer to auto-regulate has been gaining traction. Facebook’s partners are uneasy with regulatory scrutiny Auto-regulation may raise concerns, digital coin enthusiasts. Self-regulation for cyber-punks? Cryptocurrencies may be taking another step in their maturing process. FXStreet’s Tomàs Salles reports about a new initiative from the Delta Summit in Malta. OKEx, an exchange based in the Mediterranean … “Cryptocurrency self-regulation may raise prices”
Sterling may surge if Boris Johnson loses his job
GBP/USD has dropped amid a bitter divide over Brexit in parliament. Political plotting, forward-looking PMIs, and the US NFP are eyed. Early October’s daily chart is painting a mixed picture. The FX Poll shows that experts are bearish on all time frames. After the Supreme Court shocked by canceling parliament’s suspension, the House of Commons … “Sterling may surge if Boris Johnson loses his job”
USD/JPY ready to fall with the global economy
USD/JPY has been looking for a new direction amid trade tensions and political uncertainty. A full buildup to the critical Non-Farm Payrolls promises an exciting start to the fourth quarter. Late September’s daily chart remains bullish for USD/JPY. The FX Poll is pointing to a short-term gain followed by significant falls afterward. This week in … “USD/JPY ready to fall with the global economy”
Three reasons for Gold’s shine – and where next
Doubts about a US-Sino trade deal are creeping in. Germany is getting closer to a recession according to new data. Monday’s four-hour chart shows that bulls are in full control. Gold is trading above $1,520 per oz, the highest since September 12. when the peak was $1,523. It has reached this critical resistance level – and … “Three reasons for Gold’s shine – and where next”
GBP/USD: The Bank of England remains a positive factor for the pound
The Bank of England kept its policy unchanged ana made minor tweaks to its statement. The focus returns to Brexit and especially EU-UK negotiations. The BOE’s attempt to stay in the shadows is positive for the pound. Are Bank of England decisions non-events? Not exactly. The Bank of England has left its interest rate unchanged … “GBP/USD: The Bank of England remains a positive factor for the pound”
Three reasons for a further surge in the dollar after the Fed
The “dot-plot” is pointing to no more cuts through 2020. Despite the cut, the accompanying statement remains balanced. The high number of dissents shows the Fed’s independence. The Federal Reserve has cut interest rates by 25 basis points as expected – follow all updates in the live coverage. Lower rates tend to weigh on the currency – but … “Three reasons for a further surge in the dollar after the Fed”
UK inflation figures may help the pound
Economists expect UK inflation to have slowed down in August. The weakness of the pound may trigger a second consecutive surprise. GBP/USD may enjoy a temporary rise, with focus returning to Brexit. The holy grail of central bankers is 2% inflation – and Mark Carney, Governor of the Bank of England, may leave his post … “UK inflation figures may help the pound”