USD/JPY was pressured lower alongside stocks. But have things changed now? Here is their view, courtesy of eFXdata: ING discusses USD/JPY technical outlook and adopts a bullish bias on a multi-days basis against a daily close back below 111.75. “The daily chart shows a successful test of the solid and crucial support area between the horizontal … “USD/JPY: Preparing For Next Rally: Confirm On Daily Close Above 113.15; Negate Below 111.75 – ING”
Category: Opinions
What Makes the Dollar Retain Its Dominance?
For as long as just about anyone can remember, the US dollar has been the King of Currencies. American pre-eminence in global economic and political affairs and its unchallenged role as the Leader of the Free World have largely been responsible for the greenback’s standing as the global reserve currency. However, with incremental changes in … “What Makes the Dollar Retain Its Dominance?”
USD: US CPI: Another Soft Month For Prices; Moderately Negative For USD – CIBC
US inflation is not going anywhere fast. What’s next? What does this mean for the US Dollar? Here is their view, courtesy of eFXdata: CIBC Research discusses its reaction to today’s US CPI print for the month of September. “Today’s CPI report showed that September was another soft month for prices, with both headline and … “USD: US CPI: Another Soft Month For Prices; Moderately Negative For USD – CIBC”
US inflation needs to be really bad to stop the USD
US Core Inflation is expected to recover after a blip in August. Fed expectations for a hike in December are set to strengthen. Barring a second consecutive disappointment, the USD will likely remain bid. The US publishes its Consumer Price Index report for September on Thursday, October 11th, at 12:30 GMT. The Fed has two mandates: employment … “US inflation needs to be really bad to stop the USD”
All roads lead to Rome: Why is Italy on everyone’s mind?
This time it’s not because of Juventus or the largest pizza in the world. Rather, it’s the Italian budget and its potential impact on the European Union and the Euro. Not too long ago, Greece was on the financial precipice. Amongst Greece’s problems were sky-high interest rates, low GDP, years of deficits, poor productivity, and … “All roads lead to Rome: Why is Italy on everyone’s mind?”
USD: NFP: Consistent With A Gradually Accelerating Inflationary Pressure – CIBC
The US Non-Farm Payrolls missed expectations with only 134K but other figures were more nuanced. What does it mean? Here is their view, courtesy of eFXdata: CIBC Research discusses the reaction to today’s US jobs report for the month of September. “Expectations had been raised by positive ADP and ISM surveys during the week, and … “USD: NFP: Consistent With A Gradually Accelerating Inflationary Pressure – CIBC”
USDCHF Waiting on A Drop, Nasdaq for A Bounce – Elliott wave Analysis
Hi traders, USDCHF is currently unfolding an intra-day drop from the 0.9955 high, which can be first suggestion of a top in place. However, this weakness can also be a temporary minor corrective leg within blue wave v, in which case a new rally would take place. That said, if we get a further drop … “USDCHF Waiting on A Drop, Nasdaq for A Bounce – Elliott wave Analysis”
Bitcoin’s narrowing range implies imminent explosion, but to where to?
The BTC/USD had a week of consolidation, getting entrenched into a range. Comments by Mike Novogratz echoed but did not move prices. The technical picture is fully balanced, a situation which implies an explosion. Bitcoin had a stable start to the fourth quarter of the year, trading in a narrowing range. The most significant development … “Bitcoin’s narrowing range implies imminent explosion, but to where to?”
5 signs of Bitcoin maturity that could push its price higher
Bitcoin is maturing, and there are five signs of this. This is good for price development in the medium and long terms. The BTC/USD is trading at the $6,000 handle, a third of the peak value in December 2017 but far above the prices of most of last year. Apart from the price swings, other … “5 signs of Bitcoin maturity that could push its price higher”
Brexit: Conservative Conference concluded, time for a climb down – GBP/USD long?
UK PM May repeated her message that no Brexit deal is better than a bad deal. She staved off the rebellion and had the mandate to change her policy. The GBP/USD is still on the back foot, but this can change. UK Prime Minister Theresa May delivered a successful speech in Birmingham. Contrary to the … “Brexit: Conservative Conference concluded, time for a climb down – GBP/USD long?”