$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Unch, Crude Oil Off, Stocks Mixed Notes: Most Asian stock markets rose Monday, but gains were limited as investors awaited US retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely US rate cut later […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Mixed, USD Firm, Crude Oil Off, Stocks Up Notes: China’s economic growth slowed to 6.2% in Q-2, its weakest pace in 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure. EU foreign ministers will seek to figure out how […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off, Crude Oil Up, Stocks Mixed Notes: Friday, China will release trade data for June, with analysts expecting exports to have fallen as weakening global demand and a sharp hike in US tariffs took a heavier toll on the world’s largest trading nation. OPEC Thursday […]
Japanese Yen: USD/JPY (JPY=X) Risk Aviation Causing Losses Strong signs from the US central bank of a near US interest rate cut contributed to stronger losses for the US dollar against other major currencies. The USD / JPY pair fell back to the support level 107.85 at the time of writing, after its recent gains, which lasted […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off Crude Oil Up, Stocks Up Notes: Tensions have been high in the Middle East after attacks on tankers and the downing of a US drone by Iran last month, following President Trump’s withdrawal from a multi-party agreement with Tehran to end its nuclear program. […]
Japanese Yen: USD/JPY (JPY=X) struggling to extend the momentum beyond the 109.00 handle The USD/JPY pair refreshed multi-week tops during the Asian session on Wednesday, albeit struggled to extend the momentum beyond the 109.00 handle. Following last week’s upbeat headline NFP print for June, diminishing odds for a 50bps point rate cut by the Fed […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Flat Crude Oil Up, Stocks Mixed Notes: OPEC and allied producers led by Russia agreed last week to extend their supply-cutting deal until March 2020. Brent has risen nearly 20% in Y 2019, supported by the pact and tensions in the Middle East, especially the […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Flat Crude Oil Off, Stocks Lower Notes: BoE Governor Mark Carney has said a global trade war and a no-deal BREXIT were growing risks to Britain’s economy, which might need more help to cope with a downturn. That prompted investors to increase their bets on […]
Japanese Yen: USD/JPY (JPY=X) market should continue to try to break out to the upside The US dollar has rallied again during early trading on Monday, reaching towards the ¥108.50 level. At this point, the market looks as if it is trying to reach towards the 50 day EMA above, and if we can break above […]
FLASH: Gold Up, USD Firm, Crude Oil Down, Stocks Up Notes: The market’s focus is Friday’s US NFPs for June, which economists expect to have risen by 160,000 in June, compared with 75,000 in May. USD firm on Friday but traders held off on making big bets ahead of the closely-watched US NFPs report that could influence […]
Japanese Yen: USD/JPY (JPY=X) stuck below trendline resistance The price of USD/JPY rallied off the lows yesterday, but for now remains below downtrend resistance from the April highs. A move above ¥108.00 would reinforce the emerging bullish picture, and perhaps suggest that a higher low is in play. This would be reversed if the price moves back […]
All US financial markets are closed Thursday for Independence Day FLASH: Gold Down, USD Flat, Crude Oil Down, Stocks Up Notes: Top representatives of the United States and China are organizing a resumption of talks for next week to try to resolve a year-long trade dispute between the world’s 2 largest economies, Trump Administration officials said Wednesday […]
Japanese Yen: USD/JPY (JPY=X) pushes down from resistance Also on the side of USD-weakness, USDJPY has pushed-lower from a key zone of resistance while filling this week’s opening gap. This keeps the door open for further bearish potential in the pair. Prices are finding a bit of short-term support at the 107.50 level that was looked at […]
$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY Wednesday, the US financial markets are shortened, and all US financial markets are closed Thursday for Independence Day FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Off Notes: Bank of England Governor Mark Carney on Tuesday flagged uncertainties stemming from trade disputes and Britain’s departure from the EU […]
Japanese Yen: USD/JPY (JPY=X) highly sensitive to stock markets and risk appetite The US dollar has rolled over against the Japanese yen in early trading on Wednesday as we continue to see a major churn when it comes to this pair. Ultimately, this is a market that will continue to be very noisy based upon […]
Japanese Yen: USD/JPY (JPY=X) Investors now shift their focus to this week’s important US macro releases The USD/JPY pair quickly retreated around 30-pips from near two-week tops, albeit has managed to hold its neck comfortably above the 108.00 handle. The pair built on last week’s goodish recovery move from multi-month lows and opened with a […]
$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Up Notes: The US and China agreed on Saturday to resume trade negotiations after President Trump offered concessions to his Chinese counterpart Xi when the 2 leaders met on the sidelines of the G-20 Summit in Japan. OPEC and […]
$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Ease Notes: President Trump made clear Friday that trade is his Top priority at this G-20 Summit, as China’s Xi warned against rising protectionism and India, Japan and Russia defended multi-lateral trade rules. Investors and Traders await the meeting between […]
Top 10 Best Tourist Attractions in Tokyo Tokyo, the capital city of Japan, is also home to the Imperial Palace and the seat of Government and Parliament. In East-Central Honshu, the largest of Japan’s main islands, this heavily populated city is well worth exploring. One of the world’s most modern cities in terms of its […]
Japanese Yen: USD/JPY (JPY=X) struggles to find direction After climbing to its highest level in more than two weeks at 108.16, the USD/JPY pair lost its traction in the last hours and erased its daily gains. As of writing, the pair was virtually unchanged on a daily basis at 107.84. The latest reports surrounding the […]
Thursday, President Trump began his overseas trip of the year with dinner with the Prime Minister of Australia, a friendly opening act before the impending gauntlet of negotiations on international crises, trade wars and a growing global To-Do list. President Trump is in Osaka, Japan, for the annual G-20 Summit. As his re-election bid heats […]
$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Up Notes: Investors and Traders await the meeting between Presidents Trump and Xi later this week for signs of a de-escalation in the trade dispute. The 2 world leaders will meet at the G-20 Summit in Japan. Just in from […]
Japanese Yen: USD/JPY (JPY=X) appears ripe for a pullback given the grind at support around the 107.00 Back on the short-side of the US Dollar, USDJPY has been an area of focus for the past month. The pair has done a fairly decent job of reflecting risk tonalities this year; flying-higher through Q1 as equity markets […]
Asian markets are mixed this morning as the Hang Seng gains 46 points whilst the Nikkei225 is lower by 107 points. US Consumer debt is now above those levels seen in 2008 and the Global Financial Collapse and warnings have surfaced that a housing market slump could drive global growth to a 10 year low […]
$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Down “The Stars look to be aligning for the Gold market, Gold could rise as high as $1,500 by the end of the year”– PE The Big Q: Why the Melt Up? The Big A: If gold remains above previous […]
Top 10 Restaurants in Tokyo Boasting the most Michelin-starred restaurants of any city in the world and dominating San Pellegrino’s list of the best 50 restaurants in Asia, it’s no secret that Tokyo offers one of the best dining scenes on the planet. Tokyo’s dining options are so diverse and outstanding that we decided to […]
Japanese Yen: USD/JPY (JPY=X) rises above 107 vs dollar, highest since January The U.S. dollar fell to a three-month low against the euro and dropped to its weakest against the Japanese yen since early January as the prospect of monetary easing by the Federal Reserve knocked demand for the U.S. currency. The euro hit a […]
Top 10 Best Hotels in Japan Japan’s colourful shrines, fascinating geisha districts and age-old Buddhist temples stand witness to the country’s rich cultural heritage and ancient history. From the famous monuments in the stunning imperial city of Kyoto to the bustling capital of Tokyo with its dizzying dimensions and flashing neon lights, there is no shortage […]
$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Down, Crude Oil Firm, Stocks Up Notes: Investors are awaiting an expected meeting between Presidents Trump and Xi later this week for any signs of a de-escalation in a trade dispute. The 2 world leaders will meet on the sidelines of the G-20 […]
Japanese Yen: USD/JPY (JPY=X) likely to continue to be determined by trader reaction to Treasury yields Even with U.S. investors pricing in a 100-percent chance of a rate cut at the Fed’s next meeting on July 31, the direction of the USD/JPY is likely to continue to be determined by trader reaction to Treasury yields. […]
Skytrax has released its annual World Airline Awards, with Qatar Airways reclaiming the #1 spot from Singapore Airlines. This marks the 5th time Qatar has been honored, previously it won in Ys 2011, 2012, 2015 and 2017. “It is a proud moment for the airline as our constant innovation and service standards set the benchmark in […]
$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Spiked, USD Down, Crude Oil Up, Stocks Up Notes: The Fed Wednesday signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about […]
Nissan Motor Co., Ltd. (7201:T) Intends to grant alliance member Renault’s RENA.PA representatives seats on key committees of its board Japan’s Nissan 7201.T said on Friday it would grant alliance member Renault’s RENA.PA representatives seats on key committees of its board, ending a dispute between the two automakers. Nissan said it will give Renault Chief […]
$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Spiked, USD Down, Crude Oil Up, Stocks Up Notes: The Fed Wednesday signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about […]
Japanese Yen: USD/JPY (JPY=X) holds key resistance USDJPY remains of interest for bearish USD-themes. The pair has held a big zone of resistance over the past two weeks as the USD fireworks have been on full display. As strength has returned to the Dollar over the past week, USDJPY has appeared immune as price action has continued to […]
$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Up, Crude Oil Up, Stocks Up Notes: President Trump said Tuesday he will have an extended meeting with Chinese President Xi at the G-20. The world’s 2 largest economies are in the middle of a costly trade dispute that has pressured financial markets […]
Japanese Yen: USD/JPY (JPY=X) wait for another pullback higher Yesterday I opened two sell forex signals in AUD/USD and USD/JPY. USD/JPY had been retracing higher for the last two weeks after the strong decline three weeks ago, which looked like a good opportunity to sell since the pullback was overstretched. On the other hand, AUD/USD […]
$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Down, Stocks Off Notes: The New York Fed said Monday that its gauge of business growth in New York state posted a record fall this month to its weakest level in more than 2.5 years, suggesting an abrupt contraction in […]
Japanese Yen: USD/JPY (JPY=X) traders adjust positions ahead of this week’s interest rate The Dollar/Yen is trading higher on Monday as traders adjust positions ahead of this week’s interest rate and monetary policy statements from the U.S. Federal Reserve and the Bank of Japan. Increased demand for risky assets is also helping to support the […]
$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Off Notes: China will release May industrial production along with retail sales and investment numbers at 0700 GMT, analysts expect any improvement from April’s downbeat readings will be mostly marginal. Economists polled by Reuters expect industrial production in China […]
Japanese Yen: USD/JPY (JPY=X) trapped in a tight 50-pip range USD/JPY is trading in a range between 108.20 and 108.70. The market seems to have found decent resistance at 108.55. The next supports to the downside are seen at 108.40 and 108.20. A break above 108.55 can lead to 108.70. Overall, the bias in prices […]
Asian Markets Lower Both the Nikkei225 and Hang Seng are heading for lower closes as we currently see the indices down by 97 and 209 points respectively. Massive street protests in Hong Kong are continuing to unnerve the local markets but we have seen a recovery off the lows today. Oil is trading at a […]
$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Off, Crude Oil Up, Stocks Off Notes: Crude Oil surges after report of tanker incident in Gulf of Oman near Iran In Asia Gold: Gold prices advanced Thursday as demand for the safe-haven metal rose on expectations of an interest rate cut by the Fed […]
Japanese Yen: USD/JPY (JPY=X) price testing critical support zone USD/JPY is trading into a critical support zone we’ve been tracking for months now at 107.84-108.43– a region defined by the 61.8% retracement of the 2018 advance and the 2017 low-week close. A break below this key zone is needed to keep the bears in control targeting the 2013 trendline […]
$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Steady, Crude Oil Falls, Stocks Off Notes: US Crude Oil inventories rose by 4.9-M bbl in the week ended 7 June to 482.8-M bbl, according to data from the American Petroleum Institute (API) Tuesday. That compared with analyst expectations for a decrease of 481,000 […]
Japanese Yen: USD/JPY (JPY=X) unable to sustain a rally USD/JPY reinstated its southerly trajectory on Tuesday following a run to the upside that occurred in Asia with follow through in European markets. The pair was capped at 108.80 and resumed back to the top of the hourly cloud and support, albeit, currently trading below short […]
$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Up, Crude Oil Up, Stocks Up Notes: President Trump will meet Chinese President Xi on the sideline of G-20 leaders’ meeting late this month to seek compromise on trade and other economic issues. In Asia Gold: Gold held steady Tuesday after posting its biggest 1-day percentage […]
Late Monday, President Trump said he does expect Chinese President Xi to be at the G-20 Summit in Japan this month and the 2 world leaders are scheduled to talk at the gathering of leaders from the Top industrialized and emerging economies. Since the trade talks last month in Washington ended in a stalemate, President […]
Moving Average On The Horizon For The Japanese Yen: USD/JPY (JPY=X) The Greenback is attempting to bounce back against the Japanese yen, establishing trade above the 108.50 level. Rates have stabilized since the 31 May plunge, with the USD/JPY putting in a short-term bottom in the vicinity of 108.00. During the U.S. overnight, Japan released a series […]
Japanese Yen: USD/JPY (JPY=X) investors will be forced to make a decision due to a change in trading conditions The Dollar/Yen closed lower on Friday after posting a volatile outside trading range. The price action suggests investor indecision. Short-covering due to dampened concerns over safe-haven demand may be providing support, but expectations of a sooner-than-expected […]
Japanese Yen: USD/JPY (JPY=X) awaiting the job numbers The US dollar has gone back and forth during the trading session on Thursday against the Japanese yen but it seems as if the pullback is starting to stick a little bit as the ¥108 level has been a bit of a magnet for price. Just below there […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Flat Notes: Crude Oil in Bear Market territory. Bank of America Merrill Lynch said this week “global oil demand growth is running at the weakest rate since 2012” at below 1-M BPD, and that this was “leading the selloff” in […]
Japanese Yen: USD/JPY (JPY=X) significant support and extreme lows The US dollar has gone back and forth against the Japanese yen during the trading session on Tuesday, as we have seen a lot of volatility in this market. After all, we are at pretty significant support and extreme lows, so I think we may be trying […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Bounced Notes: USD struggled near 7 week lows Wednesday after Fed officials hinted at the possibility of an interest rate cut in the face of rising risks to trade and global growth. JPMorgan expects the Fed to cut rates 2X […]
Japanese Yen: USD/JPY (JPY=X) Sold on Rising Federal Reserve Interest Rate Cut Bets While the US Dollar (USD) is a safe haven currency, rising concerns that the US economy could be in for a slowdown have left the Japanese Yen (JPY) as the market’s safe haven currency of choice, and the US Dollar to Japanese […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Steady, Crude Oil Off, Stocks Fell Notes: JPMorgan expects the Fed to cut rates 2X this year, a major change from its previous forecast that rates will stay on hold until the end of Y 2020. The benchmark 10-yr Treasury yield fell to its lowest […]
Global-strategy adviser Parag Khanna describes the ways that the world economy is increasingly Asia-centric and will be moving even more swiftly in that direction. Here’s why More than 50% of the world’s population lives in Asia, where economies are growing quickly and becoming increasingly interconnected in culture, business, and trade. In this piece Parag Khanna, […]
Japanese Yen: USD/JPY (JPY=X) continues to be very choppy The US dollar went back and forth during the trading session on Monday, as we tested the ¥108 level. That level has been important more than once, so it makes sense that the market would find buyers in that region. That being said, I believe that the […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Steady, Crude Oil Off, Stocks Mixed Notes: Fighting to stave off punitive tariffs announced by President, a senior Mexican delegation was set to begin high level talks Monday in Washington, where it will be pushed to do more to hold back Central American migrants. […]
Japanese Yen: USD/JPY (JPY=X) find themselves still very much locked in a ‘battle of the havens’ as global uncertainties economic uncertainties multiply The Japanese Yen and the US Dollar find themselves still very much locked in a ‘battle of the havens’ as global uncertainties economic uncertainties multiply. It’s sobering to consider that many in the markets quite […]
Japanese Yen: USD/JPY (JPY=X) bulls now eyeing a move towards reclaiming the key 110.00 psychological mark The USD/JPY pair climbed to one-week tops in the last hour, with bulls now eyeing a move towards reclaiming the key 110.00 psychological mark. The pair continued gaining positive traction for the second consecutive session on Thursday and built […]
$GLD, $BTC, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Steady, Crude Oil Up, Stocks Mixed Notes: Global stocks will continue their drive North, but an escalation of the US-China trade dispute poses the biggest risk, Reuters polls of over 200 equity strategists, analysts and fund managers from around the world found. […]
Japanese Yen: USD/JPY (JPY=X) lack of consensus when it comes to risk appetite US dollar continues to bounce around the ¥109 level during trading on Wednesday, as the market simply doesn’t know where to go next. There seems to be a lack of consensus when it comes to risk appetite right now, the markets are […]
$GLD, $BTC, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Down Notes: US markets turned hot and fast late Tuesday with high volume trade across the board after coming off the holiday weekend. Asia, focus remains on the ongoing US-China trade dispute. President Trump said Monday that […]
Japanese Yen: USD/JPY (JPY=X) short-term pullback The 110.00 level has been of interest lately in USDJPY as last week saw prices push below this key area on the chart. This keeps USD/JPY in a bearish spot, although there may be need for a short-term pullback before the bearish side of the pair can become attractive again. […]
A rare event in the safest country in the world, Japan. A middle aged man stabbed 19 people at a bus stop near a park 12 miles from Tokyo. Only 2 have been reported dead, a 12 year old girl, and a 39 year old man. The rest were injured, and the attacker committed suicide […]
$GLD, $BTC, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY Markets were subdued Monday with the financial markets in the UK and the United States being closed for Holidays. FLASH: Gold Off, USD Up, Crude Oil Mixed, Stocks Up Notes: Trade concerns also remain high on investors’ list of concerns. President Trump said Monday that Washington […]
Japanese Yen: USD/JPY (JPY=X) investors watching BoJ inflation USD/JPY has started the week with slight gains, erasing the losses seen on Friday. In the North American session, the pair is trading at 109.54, up 0.21% on the day. On the release front, Japanese Services Producer Price Index, which has hovered at 1.1% for four straight […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY The US Financial Markets are Closed Monday in Observance of Memorial Day USA FLASH: Gold Up, USD Off, Crude Oil Mixed, Stocks Flat Notes: President Trump pressed Japanese Prime Minister Shinzo Abe Monday to even out a trade imbalance with the United States and expressed confidence, despite […]
Japanese Yen: USD/JPY (JPY=X) mounting concerns that the trade war between the U.S. and China could persist longer and curb GDP growth more than first thought This week is a holiday shortened week because of a U.S. banking holiday on Monday. There are no major reports from Japan. The major report from the U.S. is […]
President Trump urged Japanese business leaders to increase their investment in the United States, as he chided Japan for having a “substantial edge” on trade that negotiators were trying to even out in a bi-lateral deal. President Trump arrived in Japan Saturday for a largely ceremonial state visit meant to showcase strong ties even though […]
Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate the market Despite the broad-based USD strength, the USD/JPY pair is posting losses for the second straight day on Thursday as the sour market sentiment continues to help the JPY outperform its rivals. As of writing, the pair was down 0.25% on a daily basis at […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Up, Crude Oil Down, Stocks Down Notes: Investors bet most Asian currencies will come under further pressure, a Reuters poll showed, with trade tensions between the United States and China firmly dominating headlines once again. US Crude Oil inventories rose last week, hitting their […]
Japanese Yen: USD/JPY (JPY=X) Investors are keeping a close eye on the Federal Reserve meeting USD/JPY has posted slight losses on Wednesday. In the North American session, the pair is trading at 110.29, down 0.18% on the day. In economic news, Japan released strong numbers. Core Machinery Orders climbed 3.8%, crushing the estimate of o.0%. […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Up, Crude Oil Down, Stocks Down Notes: Gold is now more than 5% below its late-February 2019 high at $1,346.73 oz. Investors await the release of the Fed’s mins at 1800 GMT, which is expected to provide insights into the 1 May meeting by […]
Japanese Yen: USD/JPY (JPY=X) very sensitive to risk appetite globally The US dollar rallied significantly during the trading session on Tuesday, as we continue to see money flowed into the US dollar overall. However, this is a bit of a wrist sensitive currency pair, so keep in mind that the pair very often will move right […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Up, Crude Oil Up, Stocks Up Notes: President Trump Monday threatened Iran with “great force” if it attacked US interests in the Middle East. This came after a rocket attack in Iraq’s capital Baghdad, which Washington suspects to have been organized by militia with […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Unch, USD Up, Crude Oil Up, Stocks Up Notes: United Arab Emirates (UAE) Energy Minister Suhail al-Mazrouei earlier told reporters that producers were capable of filling any market gap and that relaxing supply cuts was not “the right decision.” President Trump Tweeted that a conflict […]
Japanese Yen: USD/JPY (JPY=X) Investors will be keeping an eye on Japanese Preliminary GDP The yen hasn’t received much help from economic conditions in Japan or Bank of Japan policy, but rising tensions between the U.S. and China have bolstered the yen, which has gained 1.2% in the month of May. Risk appetite has sagged […]
Japanese Yen: USD/JPY (JPY=X) broken down through two major retracements of this year’s rise The Japanese Yen’s current backstory is of course fundamental, with risk aversion stemming from increased US-China trade tensions supporting what is, after all, perhaps the quintessential anti-growth currency play. The US Dollar has haven appeal too, of course, but the Japanese […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Flat, USD Flat, Crude Oil Up, Stocks Mixed Notes: Long term prospects for EUR are not bright, given the region’s soft economic fundamentals. But the news on the auto tariff delay is helping the single currency establish support at $1.1200 Growth in China’s industrial output slowed […]
Japanese Yen: USD/JPY (JPY=X) posted four straight winning weeks, possible consolidation phase USD/JPY is almost unchanged on Wednesday. In the North American session, the pair is trading at 109.57, down 0.03% on the day. There are no major Japanese events. In the U.S., retail sales and core retail sales both missed expectations. On Thursday, the […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Steady, Crude Oil Off, Stocks Up Notes: The FX (foreign exchange) market showed little reaction to worse-than-expected growth in Chinese industrial output and retail sales for April that underlined the need for Beijing to roll out more stimulus measures to support the world’s 2nd-largest […]
Japanese Yen: USD/JPY (JPY=X) next support at 108.70 USD could dip below but is unlikely to challenge the next support at 108.70. The sudden lurch lower in USD came a surprise as it cracked the strong 109.30 support and came close to taking out the next support at 109.00 (overnight low of 109.01). Despite the […]
Japanese Yen: USD/JPY (JPY=X) Japanese economic schedules are light as far as major economic releases are concerned Uncertainty over U.S.-China trade relations drove the price action last week in the Japanese Yen. It wasn’t the actual possibility that a potential trade deal would fall apart and the trade dispute between the economic powerhouses would escalate, […]
2$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Flat, Crude Oil Mixed, Stocks Down Notes: President Trump increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods, and now targets $325-B more. The UAE said Sunday that 4 commercial vessels were […]
Japanese Yen: USD/JPY (JPY=X) Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations The Dollar/Yen rallied on Friday as Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations. Although a trade deal between the two economic powerhouses wasn’t reached, the price action suggests investors felt there was […]
FLASH: Gold Firmed, USD Off, Crude Oil Up, Stocks Down Notes: Again, President Trump has increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a this Friday, and targets $325-B more.. China wants the tariffs to be lifted, while President Trump wants to […]
Japanese Yen: USD/JPY (JPY=X) risks lurk around each corner as geopolitical tensions ramp up on a global scale We had a brief scare on trade comments from Mnuchin and Lighthizer which sent the yen on a tear in early Asia, down to the aforementioned lows from a touch away from 111 the figure while markets […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Up Notes: President Trump Sunday increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a this Friday, and targets $325-B more.. China wants the tariffs to be lifted, while President Trump wants to keep […]
Japanese Yen: USD/JPY (JPY=X) higher as nervous investors seek safe-haven assets USD/JPY has continued where it left off on Friday, as the pair as lost ground on Monday. In the North American session, the pair is trading at 110.87, down 0.20% on the day. Earlier in the day, the pair touched a low of 110.28, […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Down Notes: President Trump Sunday increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods this Friday, and targets $325-B more soon. The President’s aggressive strategy drew bi-partisan support from US Senate Democratic leader […]
Saturday, President Donald brushed off noise of a possible weapons test by NKorea, vowing that leader Kim Jong Un “will do nothing to interfere” and that a denuclearization deal with the US “will happen.” The Tweet, posted while President Trump was in route to the Trump National Golf Club in Virginia, was the President’s 1st […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Off, Stocks Flat (May Day Holiday) Notes: Investors await US employment figures due later today, which is forecast to show 185,000 net new jobs were added in April and the unemployment rate steady at 3.8% Reflecting investor sentiment in gold, holdings of SPDR Gold Trust, the world’s largest […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Off, USD Up, Crude Oil Off, Stocks Flat (May Day Holiday) Note: USD consolidated in Asia Thursday after recovering from a brief spill overnight when markets were whipsawed by mixed messages on policy from the Fed. There was little immediate reaction to a report the United States and China were nearing a trade […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Off, USD Down, Crude Oil Off, Stocks Flat (May Day Holiday) Note: China and the United States began their latest talks in Beijing on Wednesday aimed at ending a bitter trade dispute, after US Treasury Secretary Steven Mnuchin said he had a “nice” working dinner the night before with China Vice Premier […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Down, Stocks Down Note: The quiet start to the week in global equity markets comes ahead of a 2-day meeting of the policy-setting FOMC. The committee is set to release its latest statement at 2:00p EDT (1800 GMT) Wednesday. We have now turned from sentiment where this […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Off, Stocks Up Note: We have now turned from sentiment where this stock rally was 1 where professionals did not take part in, to a fast paced entry where hedge funds and investors are chasing markets they have been betting against. While the strong US GDP data […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Up, Crude Oil Off, Stocks Down Notes: China, the world’s biggest buyer of Iranian oil, this week formally complained to the United States over its unilateral Iran sanctions. Crude Oil output in the United States, which turned into the world’s Top producer last year, last week edged back to its […]
Japanese Yen: USD/JPY (JPY=X) longer-term money starting to come back into this market After the Bank of Japan basically said nothing new during Asian trading, you can see that the market has gone back and forth and still looks a bit confused as to where to go next. However, we have been in a nice uptrend […]