BoJ Monitoring Dollar/Yen Volatility
USD/JPY continues to show strong volatility. In Monday’s European session, the pair has climbed 1.51%, recovering all of last week’s losses. Currently, USD/JPY is trading at 104.94. The Japanese yen posted strong gains on Thursday, as the markets were in...
Yen Selling Takes Off as World in Euphoria on Coronavirus Vaccine News
The world, at least the financial markets part, is in euphoria today on news that tens of millions doses of coronavirus vaccine are ready this year, to pull it out of the coronavirus pandemic that took away over 1.2 millions...
Risk Appetite Continues Following US Election Projections
Notes/Observations US Election is rapidly entering the rear view mirror as uncertainty over the outcome has abated; focus to shift towards vaccine developments, and monetary and fiscal stimulus Biden’s victory in the US presidential election seen as likely support risk...
USD/CAD Decline Likely To Continue
The US Dollar declined by 66 pips or 0.51% against the Canadian Dollar on Friday. The currency pair was pressured lower by the 50– hour simple moving average during Friday’s trading session. As for the near future, bears are likely...
U.S.-China trade tensions won’t be going away under Biden’s administration
U.S. Vice President Joe Biden delivers remarks at the Strategic and Economic Dialogue (S&ED) at the State Department in Washington, U.S. June 23, 2015. Yuri Gripas | Reuters BEIJING — U.S.-China trade tensions are set for more predictability after Joe...
Yen and Dollar Heading Lower as Asian Markets Rally
Yen and Dollar weaken generally in Asian session today as strong risk appetite continues. Notable rally is also seen in gold today, extending its near term rally. New Zealand Dollar is currently leading other commodity currencies higher. European majors are...
RBNZ Preview – Introducing New Lending Program with Dovish Tone Maintained
The focus of this week’s RBNZ meeting is on details of the Funding for Lending (FLP) program. We expect this program would be implemented before the end of the year and would be the key policy tool of the central...
Stocks Ready for Upside Breakout, But Yen Crosses Seem Not Agreeing
Politics aside, stock investors were the biggest winners of US presidential elections, while Dollar holders were the losers. The greenback ended as the worst performing one, followed by Yen by a wide margin. Australian Dollar shrugged of RBA easing and...
Fed wants low profile but may repeat that the economy needs stimulus
U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, U.S.,...
They lived paycheck to paycheck before the pandemic. Then their worst nightmare came true
A man fills out paperwork while waiting for his number to be called at an unemployment event in Tulsa, Oklahoma on July 15, 2020. Nick Oxford for The Washington Post | Getty Images Vicki Honeycutt lost her job in March,...
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