The dollar erased losses against the yen on Monday after better-than-expected U.S. data on personal spending and pending home sales.
During U.S. morning trade, the dollar rose to session highs against the yen, with USD/JPY edging up 0.08% to 98.14, up from session lows of 97.36.
The dollar found support after official data showed that U.S. consumer spending rose 0.2% in March, above expectations for a modest 0.1% increase.
The data eased concerns over the outlook for the U.S. economic recovery after data on Friday showed that the U.S. economy...
Beli Pulsa Listrik Disini
Forex Outlook – Action Packed Week Ahead
EUR – The Magnetic Attraction of 1.30
JPY – Will Short Yen turn into the Long Gold Trade?
GBP – Ends Week at 2 Month High
NZD – Shrugs Off Stronger New Zealand Trade Numbers
CAD – Higher Gold and Oil Prices
AUD– Heavy Chinese and Australian Data Calendar Next Week
Forex Outlook – Action Packed Week Ahead
Strap on your seatbelts, we have an action packed week in the forex market ahead. Key economic reports are expected from the U.S., Eurozone, China, U.K. and Australia. With so much economic data on the calendar, it will be difficult to tell which...
EUR/USD trims gains after mixed U.S. economic reports
The euro trimmed gains against the U.S. dollar on Friday, pulling away
from session highs, although the release of mixed U.S. economic reports
weighed on demand for the greenback. EUR/USD pulled away from 1.3048, the session high, to hit 1.3015 during U.S. morning trade, still up 0.03%.
The pair was likely to find support at 1.2956, the low of April 24 and resistance at 1.3094, Thursday's high.
Final data showed that the University of Michigan's consumer sentiment
index rose to 76.4 in April, from a reading of 72.3 the previous month,...
U.S stocks rise on falling jobless claims; Dow gains 0.17%
U.S. stocks finished Wednesday higher after the U.S. government reported
that jobless claims came in lower than expected last week.At
the close of U.S. trading, the Dow Jones Industrial Average finished up
0.17%, the S&P 500 index was up 0.40%, while the Nasdaq Composite
index rose 0.62%.In the U.S. earlier, the Department of Labor
reported that the number of people filing for initial jobless claims
fell by 16,000 to 339,000, last week, outpacing market expectations for a
drop of 4,000 to 351,000.Jobless claims for the preceding week...
GBP/USD at session lows after euro zone data
The pound fell to session lows against the dollar on Tuesday after weak
purchasing managers’ index from the euro zone and China underlined
concerns over the outlook for global growth.
GBP/USD
hit 1.5197 during European morning trade, the pair’s lowest since April
4; the pair subsequently consolidated at 1.5217, shedding 0.47%.
Cable is likely to find support at 1.5177, the low of April 1 and resistance at 1.5296, the session high.
In
the euro zone, data showed that Germany’s manufacturing PMI fell to
47.9 from 49.0 in March, well below...
After China PMI disappoints; Nikkei down 0.28%
Most Asian stocks declined during Tuesday’s session after the HSBC
flash reading of China’s April purchasing managers index indicated the
world’s second-largest economy does not have the full head of steam that
some market participants had hoped.
In Asian trading Tuesday, Japan’s Nikkei 225 fell 0.28% as USD/JPY
continued to encounter problems in its efforts to cross 100. Japanese
stocks were the regional leaders, just has they have been for all of
this year.
Hong Kong’s Hang Seng dropped 0.90% while the
Shanghai Composite slid 1.39%...
USD/JPY dips as market view yen as attractively priced
The dollar fell against the yen on Monday after the Japanese currency
found support after G20 policymakers voiced no opposition to the Bank of
Japan's stimulus measures at a recent meeting.
The yen fell
earlier amid sentiments Japanese monetary authorities may increase
stimulus measures, though the unit eventually found support after U.S.
housing data disappointed earlier.
In U.S. trading on Monday, USD/JPY was trading at 99.34, down 0.19%, up from a session low of 98.98 and off a high of 99.89.
The pair was likely to find resistance...
Asian stocks rise on bargain hunting; Nikkei up 0.61%
Asian stocks rose in the week’s final trading day as
traders did some bargain hunting following another down for U.S.
equities Thursday. In Asian trading Friday, Japan’s Nikkei 225 rose 0.61% as USD/JPY
climbed on hopes the Bank of Japan could deliver additional monetary
stimulus when it meets next week. The dollar hit a four-year high of
99.93 against the yen last week after the BoJ pledged to double its
asset purchase program over the next two years and extend the maturities
of the bonds it purchases. Hong Kong’s Hang Seng climbed...
European stocks remain higher despite growth concerns; Dax up 0.51%
European stocks remained higher on Thursday, supported by indications of
a possible rate cut by the European Central Bank, although global
growth concerns continued to weigh on market sentiment.
During
European afternoon trade, the EURO STOXX 50 jumped 0.90%, France’s CAC
40 rallied 0.90%, while Germany’s DAX 30 climbed 0.51%.
ECB
Governing Council member Jens Weidmann said Wednesday that the bank
could cut interest rates if economic data indicated that it was
warranted.
Meanwhile, investors remained cautious after the
International...
Most Asian stocks fall on growth concerns; Nikkei down 0.40%
Most Asian stocks took cues from their U.S. counterparts Thursday and
traded lower amid lingering concerns about global economic growth.
In Asian trading Thursday, Japan’s Nikkei 225 fell 0.40% on a volatile day for USD/JPY.
The pair traded slightly lower after Japan’s Ministry of Finance said
the country’s exports rose 1.1% last month, easily topping the 0.4%
increase forecast by economists. Japanese exports dropped 2.9% in
February. For the fiscal year ending in March, Japan showed a trade
deficit of JPY8.17 trillion.
Still, the export...
Dollar rallies more than 1% against euro
The dollar rallied against the euro on Wednesday after a senior European
Central Bank official said the bank may adjust interest rates if new
economic data warrants a rate cut.
During U.S. morning trade, the dollar extended gains against the euro, with EUR/USD tumbling 1.02% to 1.3040.
The
euro weakened broadly after ECB Governing Council member Jens Weidmann
said the bank could cut interest rates if economic and inflation data
indicated that it was warranted.
The comments came in an interview in the Wall Street Journal ahead of a weekend...
Dollar rises vs. yen, euro
The dollar rose against the yen on Wednesday as better-than-forecast
data eased concerns over the U.S. economic recovery and investor focus
returned to the impact of the Bank of Japan aggressive easing program.
During European morning trade, the dollar was higher against the yen, with USD/JPY climbing 0.63% to 98.15.
Data
on Tuesday showed that U.S. industrial production and housing starts
rose at a faster-than-forecast pace in March, easing...
Gold plunges to 2-year low on technical selling, China GDP weighs
Gold futures extended losses from the previous session to hit a two-year
low on Monday, as the U.S. dollar strengthened after official data
showed that Chinese first quarter economic growth came in below
expectations.
Gold’s losses accelerated sharply after prices
broke below key support levels close to the USD1,477 and then the
USD1,440-level, triggering a flurry of automatic sell orders amid
bearish chart signals.
Prices of the precious metal are down
nearly 25% since hitting an all-time high of USD1,920.80 an ounce in
September 2011,...
Asian stocks falter after China GDP report; Nikkei down 1.21%
Asian stocks are trading broadly lower Monday after China’s
first-quarter GDP report missed analysts’ estimates, stoking concerns
that the recovery in the world’s second-largest economy is going slower
than many market participants had hoped.
In Asian trading Monday, Japan’s Nikkei 225 is down 1.21%. USD/JPY
traded higher earlier in the session, but reversed course and is now
lower, furthering the selling pressure on Japanese shares.
Hong
Kong’s Hang Seng slipped 1.32% while the Shanghai Composite fell 0.64%
after China’s National...
Dollar pares gains vs. rivals but remains supported
The U.S. dollar pared gains against the other major currencies on
Friday, after news of a final deal on a bailout for Cyprus, although
concerns over the strength of the economic recovery in the U.S. weighed
on the greenback.
During U.S. morning trade, the dollar was steady against the euro, with EUR/USD easing 0.06% to 1.3091.
At
a meeting in Dublin, euro zone finance ministers backed a EUR10 billion
bailout for Cyprus and the European Commission said it would try to
help the island's economy grow again with better use of EU structural...
AUD/USD slides after Aussie employment data
The Australian dollar is trading lower against its U.S. rival in
Thursday’s Asian session following news of a surprisingly weak Aussie
jobs number.
In Asian trading Thursday, AUD/USD
is lower by 0.20% at 1.0524. The pair was likely to find support at
1.0448, the low of March 26 and resistance at 1.0549, the high of
January 24.
Official data showed Australia’s unemployment rate
rose to 5.6% last month from 5.4%. Analysts expected the number to hold
steady at 5.4%. The number of employed Australians fell by 36,100
following a gain of...
Asian stocks mostly higher after China data; Nikkei up 0.73%
Most Asian stocks are trading higher at this hour following the release
of China’s export and import data for March. The region’s equities are
again following their U.S. counterparts higher a day after another
strong performance for U.S. equities.
In Asian trading Wednesday, Japan’s Nikkei 225 is higher by 0.73%, although USD/JPY is trading slightly lower. Some traders expect it is only a matter of days before the pair hits 100.
On
Tuesday, Japanese Prime Minister looked to assuage skittish investors
about the potentially adverse effects...
Dollar jumps following BoJ, ECB news
Dollar is broadly higher against nearly all of its major rivals during
Friday’s Asian session following monetary policy meetings by the
European Central Bank and the Bank of Japan, among others.
In Asian trading Friday, EUR/USD
is lower by 0.02% at 1.2934 after the European Central Bank opted to
leave interest rates unchanged at its monetary policy meeting Thursday.
ECB
President Mario Draghi tried to lift markets’ spirits by saying the
central bank is still considering an array of actions to help the euro
zone economy, remarks that...
EUR/USD lower as Draghi comments awaited
The euro was trading near four-month lows against the dollar on Thursday
as concerns over the deteriorating outlook for the euro zone weighed
ahead of the European Central Bank’s policy decision later in the
session.
EUR/USD
hit 1.2784 during European morning trade, the pair’s lowest since
Monday; the pair subsequently consolidated at 1.2796, shedding 0.40%.
The
pair was likely to find support at 1.2750, the low of March 27 and a
four-month trough and resistance at 1.2852, the session high.
The ECB was not expected to announce any changes...
ADP Nonfarm Payrolls Increased
The dollar fell to session lows against the euro and the yen on
Wednesday following the release of weaker-than-expected U.S. employment
and service sector data.
During U.S. morning trade, the dollar was trading close to session lows against the euro, with EUR/USD rising 0.25% to 1.2849.
The dollar weakened broadly after data showed that the U.S. service sector expanded at the slowest pace in five months in March.
The
Institute of Supply Management said its non-manufacturing purchasing
manager's index fell to 54.4 from a reading of 56.0...
Nikkei Down 1.74%
Most Asian stocks are trading lower at this hour as traders await
headlines from the conclusion of the Bank of Japan’s monetary policy
meeting later today.
In Asian trading Thursday, Japan’s Nikkei
225 is down 1.74% as traders fret that Governor Haruhiko Kuroda,
presiding over his first meeting at the helm of the central bank, will
not be able to deliver the goods in terms of additional monetary
stimulus measures.
USD/JPY
is trading slightly lower on speculation that Kuroda is having
difficulty building a consensus among BoJ members...
USD/JPY higher as traders eye BoJ meeting
Dollar is trading higher against the Japanese yen Wednesday as traders
are keeping close watch on the two-day Bank of Japan monetary policy
that kicks off today.
In Asian trading Wednesday, USD/JPY
rose 0.21% to 93.62. The pair was likely to find support at 92.43, the
low of March 1 and resistance at 94.10, the high of March 6.
Today,
BoJ starts its first meeting with Governor Haruhiko Kuroda at the helm.
Given Kuroda’s vocal criticism of the previous BoJ regime and his
recent pledge to do whatever it take to get Japan’s rate of inflation...
The dollar edged higher against
The dollar was higher against the euro and the yen on Tuesday as
investors looked ahead to policy meetings by the European Central Bank
and the Bank of Japan later in the week.
During U.S. morning trade, the dollar was higher against the euro, with EUR/USD slipping 0.10% to 1.2835.
In
the euro zone, a string of weak data fuelled doubts over the strength
of the region’s recovery in the first quarter, while concerns over the
potential implications of a bailout for Cyprus also weighed.
Official
data showed that the euro zone unemployment...
Crude dips on market talk of rising inventories
Oil prices fell in U.S. trading on Tuesday amid market talk that weekly
inventory data due for release on Wednesday will reveal rising
stockpiles.
On the New York Mercantile Exchange, light, sweet
crude futures for delivery in May traded down 0.21% at USD96.87 a barrel
on Tuesday, off from a session high of USD97.22 and up from an earlier
session low of USD95.93.
The U.S. Energy Information
Administration will release weekly data on crude inventories on
Wednesday, and expectations began to build a day earlier that the U.S.
is awash in...
European stocks higher ahead of E.Z. data; Dax up 0.48%
European stocks opened higher on Tuesday, as markets awaited the release
of manufacutirng and unemployment data from the euro zone later in the
day, while concerns over political deadlock in Italy persisted.
During
European morning trade, the EURO STOXX 50 added 0.25%, France’s CAC 40
advanced 0.39%, while Germany’s DAX 30 gained 0.48%.
Italian
President Giorgio Napolitano was due to meet with working committee
advisors later Tuesday, in an attempt to break the political deadlock in
the country.
The so-called group of ten "wise men"...
USD/JPY lower ahead of BoJ meeting
The Japanese yen is again trading higher against the U.S. dollar a day
before Bank of Japan Governor Governor Haruhiko Kuroda presides over his
first monetary policy meeting.
In Asian trading Tuesday, USD/JPY
is down 0.23% at 93.03. The pair was likely to find resistance at
94.38, the earlier high, and support at 92.92, the low from March 5.
The
yen rose against the greenback Monday after BoJ said that Tankan
Manufacturing index rose to a seasonally adjusted -8 in the first
quarter from -12 in the fourth quarter. Analysts expected...
Asian stocks mostly higher following China PMI; Nikkei down 1.17%
Most Asian stocks are trading higher to start the week following the
release of China’s March PMI data, which rose from February, but fell
short of analysts’ estimates.
In Asian trading Monday, Japan’s
Nikkei 225 fell 1.17% after Bank of Japan said that Tankan Manufacturing
index rose to a seasonally adjusted -8 in the first quarter from -12 in
the fourth quarter. Analysts expected a first-quarter reading of -7.
In
another report, Bank of Japan said that Japan’s Tankan large
non-manufacturing index rose to a seasonally adjusted 6 in...
