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EUR/JPY Takes-Out Monday’s High, 124 Back on Sight? The EUR/JPY cross extends its bullish run into a second day today, reversing almost a quarter of BOJ’s inaction-led slide, as the yen drops sharply across the board amid risk-on. EUR/JPY drops on broad yen weakness The EUR/JPY pair now rises 0...
Asian Markets Turn Positive, Nikkei Up Around 2 Pct Major Asian indices are trading on a positive note on Tuesday. On the other side, Gold dips below $1270 and trading around $1264 marks. Today Japanese Yen hits fresh weekly low against US dollar and trading around 108.84 marks...
FxWirePro: Japanese Yen Hits Fresh Weekly Low Against US Dollar, Intraday Bias Remains Bullish USD/JPY is currently trading around 108.72 marks. It made intraday high at 108.82 and low at 108.27 levels. Intraday bias remains bullish for the moment. A daily close below 108...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and all with low to medium risks associated. Data released so far – China – Consumer price index declined -0.2% in April, up 2.3% from a year back. Producer price index declined -3.4% y/y. Upcoming –...
Norges Bank to Leave Rates Unchanged – Danske Bank Research Team at Danske Bank, expects the NB to leave the sight deposit rate unchanged at 0.50% and to re-iterate its dovish bias from the March meeting...
Fitch: Sharper Yuan Devaluation Could Trigger Volatility Reuters reporting commentary from Fitch Ratings comments on China and the yuan: China rebalancing, yuan volatility key risks for APAC Easing policies implemented by Chinese authorities in recent quarters reduce risk of a hard landing in 201...
USD/JPY Extends Gains in Tandem with Nikkei, Nears 109 The bulls gathered pace over the last hour, now pushing USD/JPY back towards 109 handle as strong gains on the Japanese indices further fuel risk-on moods in the markets...
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Korea: BOK to Stay on Hold for Now - Nomura Young Sun Kwon, Research Analyst at Nomura, suggests that although their Bank of Korea (BOK) Signal Index suggests a high likelihood of a rate cut this Friday, they maintain their call that the BOK will stay on hold as we believe policy easing will come...
Short CAD/NOK – Deutsche Bank Research Team at Deutsche Bank, suggests going short on CAD/NOK pair as their G10 trade idea of the week for the target of 6.00 while maintaining a stop of 6.50 and entry level being 6.3350...
FxWirePro: Singapore Dollar Hits Fresh Monthly Low Against US Dollar, Intraday Bias Remains Neutral USD/SGD is currently trading around 1.3714 marks. It made intraday high at 1.3729 and low at 1.3703 levels. Intraday bias remains neutral for the moment. A sustained close above 1...
ASX200 Trades Well Above 5300, Jump Till 5380/5420 Is Possible Major resistance - 5375 Major Support - 5200 ASX200 pares early losses today morning after making a low of 5286 at the time of writing.It is currently trading at 5333. Short term trend is slightly bullish as long as support 5250 holds...
China: Steel’s Recent Resurgence Risks Derailing Industry Reform - NAB Gerard Burg, Senior Economist at NAB, suggests that a credit-fuelled rebound in China’s construction activity has breathed new life into the country’s beleaguered steel industry...
China: No Support for Growth by Adding Leverage - Nomura Research Team at Nomura, notes that according to yesterday’s official People’s Daily, an “authoritative” person who was not identified indicated that China should not support growth by adding leverage...
AUD/USD Building on China CPI-Led Gains, Eyes 100-DMA The bid tone around the AUD keeps growing bigger as we head towards the late-Asian trades, now taking AUD/USD closer towards 100-DMA located at 0.7348. AUD/USD extends higher from 0.7320 Currently, the AUD/USD pair rises 0...
Gold Attempts Recovery from 9-Day Lows, Near $ 1265 The yellow metal stalled its recent selling spiral and now swings back on the bids, staging a minor pullback from nine-month troughs as the USD buying eased this Tuesday. Gold holds above $ 1260 Currently, gold trades modestly flat at 1265...
Nikkei Jumps on Weaker Yen, Rest of Asia Wobble Post China CPI Following the release of in-line with expectations Chinese inflation report, risk sentiment somewhat improved across the Asian markets, with the Japanese stocks rebounding sharply on yen’s relative weakness...
USD/JPY Hits New Weekly Highs, 109.00 Eyed USD/JPY continues its relentless move north, now breaking above yesterday's high at 108.60, resulting on new highs reached at 108.78, as the Nikkei 225 soars, last +1.43...
NZD/USD Fresh Bids Emerge Near 100-DMA on China Data The bears took a breather from their downward spiral following the release of a touch better Chinese CPI and PPI figures, now allowing a tepid-bounce from two-month troughs. NZD/USD holds above 100-DMA support at 0...
