Fed Opens Doors For Slow Down Or Even Pause On Further Rate Hikes Next Year
With the Federal Reserve expected next month to raise rates to what some U.S. central bankers believe is at or near a neutral level, Chairman Jerome Powell is retuning his message to signal a more cautious approach on further rate...
Japanese Yen Gains Ground as Japanese Retail Sales Jump
The Japanese yen has posted gains in the Thursday session. In North American trade, USD/JPY is trading at 113.30, down 0.34% on the day. On the release front, Japanese retail sales jumped 3.5%, its highest level since December 2017. Later...
Whither Bitcoin? A Review of Past Cycles for the World’s Oldest Cryptocurrency
“I think it’s essential to remember that just about everything is cyclical. There’s little I’m certain of, but these things are true: Cycles always prevail eventually. Nothing goes in one direction forever. Trees don’t grow to the sky. Few things...
$10 Drop Per Barrel Translates Into 1.5%-5% Decline Of GDP
For some it’s a blessing, for others it spells trouble ahead, but one way or another, the oil price drop will have an effect on emerging markets. After hitting a nearly four-year high above $86 a barrel in early October,...
Aussie Eyes Chinese PMIs And Trump-Xi Meeting
Chinese official PMI data for November are due on Friday at 0100 GMT. Aussie traders will be eyeing the numbers given Australia’s China-dependency, which has rendered the currency a liquid proxy for Chinese “plays”. More pivotal for the Aussie though...
USD/JPY – Strong Dollar Pushes Yen Close to 114
The Japanese yen has ticked lower in the Wednesday session. In North American trade, USD/JPY is trading at 113.91, up 0.11% on the day. On the release front, U.S. Preliminary GDP for the third quarter gained 3.5%, just shy of...
Dollar Unfazed from Morning Data Dump and Fed Report; All Eyes on Powell
A wrath of US economic data had little impact on the US dollar early in New York as markets eagerly await Fed Chair Powell’s keynote speech at Economic Club of NY at 12:00 EST (17:00 GMT). The market will be...
Eurozone Flash CPI Eyed As Risks Loom
Besides the Italian budget story and Brexit, preliminary inflation readings out of the Eurozone are highly likely to spark volatility in the euro this week, affecting opinion about whether a rate hike by the European Central Bank is appropriate next...
Market Sentiment Hangs On G20 Summit
Conflicting signals over the direction of trade between the world’s two largest economies are poised to place investors on an emotional rollercoaster ride ahead of this weekend’s G20 meeting. It was only on Monday US President Donald Trump stated that...
Japanese Inflation Improves but Yen Falls to 2-Week Low
The Japanese yen has ticked higher in the Tuesday session. In North American trade, USD/JPY is trading at 113.70, up 0.09% on the day. On the release front, Japanese SPPI ticked higher to 1.3%, above the estimate of 1.2%. It...