Stocks, dollar, U.S. treasury yields recover lost ground on hope Trump can bolster economy

Stocks, the dollar and U.S. long-dated Treasury yields slipped on Monday as investors fretted that U.S. President Donald Trump’s defeat over healthcare reform foreshadowed difficulties delivering other campaign promises, in particular fiscal stimulus. Trump’s failure to rally enough support from his own Republican party – which controls both houses of U.S. Congress – to repeal and replace Obamacare spurred a rush to safe-haven assets such as gold XAU=, the Japanese yen JPY= and the Swiss franc CHF=…

U.S. stocks fall, dollar pares losses, oil prices jump ahead of OPEC meeting

Crude futures rallied in choppy trading on Monday ahead of an OPEC meeting later in the week that could reap production cuts, while the U.S. dollar recovered from earlier losses but was still slightly lower. The dollar index .DXY slipped 0.15 percent after having fallen as much as 0.8 percent. The U.S. currency sank as much as 1.6 percent against the yen, going as low as 111.32 yen JPY= before recovering to 112.24…

USD/JPY rebounds, oil rally halts on revived bets on U.S. rate hikes this year

Revived bets on U.S. interest rate rises this year saw the dollar turn defense into attack on Wednesday and halted a red-hot run for oil prices and emerging markets. The dollar rebounded from 7-week lows against the yen JPY= as talk of as many two Federal Reserve rate hikes before new year from one Fed official and a move as soon as next month from another set traders up for Fed meeting minutes due later in the day.[/FRX]…

Markit/Nikkei Japan flash manufacturing PMI contracts for fourth consecutive month

Japanese manufacturing activity contracted in June at roughly the same pace as the previous month, a preliminary survey showed, but concerns remain due to supply chain disruptions from an earthquake in April and falling exports. The Markit/Nikkei Japan Flash Manufacturing Purchasing Managers Index (PMI) was a seasonally adjusted 47.8 in June, little changed from a final reading of 47.7 the previous month…

Dissapointing BOJ Tankan survey, Nikkei losses kept yen lower against major currencies except US dollar

The Japanese Yen finished the week higher versus the fast-falling US Dollar, but key disappointments in domestic economic data and Nikkei 225 losses kept the JPY lower against other major FX counterparts. Historically we have seen the Yen strengthen (USD/JPY weaken) on domestic equity market sell-offs. And yet this time is different for a key reason—both the Yen and the Nikkei stand to lose if the domestic economy continues to underperform…

Problems in China? What problems? Nikkei jumps 7.7%, European markets open higher

Problems in China? What problems? Investors appear to have put aside worries over a slowdown in the world’s second biggest economy, giving a boost to global markets on Wednesday. European markets opened with gains of about 2%, but Japan’s Nikkei was the standout performer, adding 7.7% in its best day since the global financial crisis…
The enthusiasm was infectious in Asia. Hong Kong’s Hang Seng added 4%, Taiwan’s main index gained 3.6% and India’s Sensex was trading 1.7% higher.

Weak yen pumps up record profits for Japanese companies

TOKYO—Japanese companies made record profits in the latest financial year at a rate not seen since before the global financial crisis, thanks partly to a weaker yen that fattened earnings of big exporters. Domestic demand in Japan remained soft throughout the year, largely because of a tax increase in April, but exporters such as Toyota Motor Corp…

FX markets still open to volatility

Expectations that the US Federal Reserve will increase interest rates later this year, when they are set to remain on hold elsewhere, has been the key factor driving the dollar higher. Indeed, further monetary easing across the globe in recent months highlighted the emerging difference between the stance of monetary policy in the US and elsewhere…

Kuroda says BOJ is making progress on raising Japanese inflation

WAYZATA, Minn.—The Bank of Japan ’s leader said his institution is making real progress in its efforts to raise Japanese inflation back toward desired levels.
Gov. Haruhiko Kuroda, in a speech here Sunday, said based on recent data, “there is no doubt that the underlying trend of inflation has improved markedly” since the central bank began aggressive efforts to stimulate the economy…

Daily Forex Market Review 01/31/14 (+35 pips)

Today’s Trade Result: +35 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Fundamental Analysis Review And Forex Calendar For December 2 ~ 6, 2013

Weekly Fundamental Analysis Review Global market continued to be driven by risk sentiment during the Thanksgiving holiday in the U.S., and with the market looking forward to more data in the coming weeks, overall market remained in a range with subdued trading volume.  Of course, several notable events did take place over the shortened week, […]

Fundamental Analysis Review And Forex Calendar For November 11 ~ 15, 2013

Fundamental Analysis Review Market was hit with multiple surprises last week, starting with a surprise rate cut by the ECB on Thursday, then followed with the  Q3 GDP out of US at 2.8%, or the highest since Q3 of 2012. On Friday, the US Nonfarm Payroll managed to shock the market yet again with a 204K release, which […]

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