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Thread: Forex Market News And Analysis by UsaForexSignal

  1. #111
    Forex News Feed - Dollar Index Hovers at 1-Week Lows With Inflation Data Ahead


    The U.S. dollar continued to hover at one-week lows against other major currencies on Wednesday, as sentiment on the greenback remained vulnerable ahead of the release of highly-anticipated U.S. inflation data due later in the day.

    Investors were eyeing an upcoming report on U.S. consumer price inflation data due later Wednesday for further clues on how fast the Federal Reserve will raise interest rates this year.

    The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was little changed at 89.58 by 05:20 a.m. ET (09:20 GMT), the lowest since February 6.

    USD/JPY was down 0.33% at a 15-month low of 107.46 amid mounting expectations the Bank of Japan will follow the Federal Reserve and the European Central Bank's examples in normalizing monetary policy despite recent comments to the contrary by the Japanese central bank.

    The safe-haven Swiss franc was steady, with USD/CHF at 0.9342.

    Elsewhere, the euro was also steady, with EUR/USD at 1.2351, while GBP/USD slipped 0.14% to 1.3869.

    In a preliminary report, Eurostat said eurozone gross domestic product expanded 0.6% in the fourth quarter, in line with expectations. Year-over-year, the economy grew 2.7%, also as expected.

    The Australian and New Zealand dollars were stronger, with AUD/USD up 0.11% at 0.7867 and with NZD/USD climbing 0.58% to 0.7315.

    Earlier Wednesday, the Reserve Bank of New Zealand said that inflation expectations ticked up to 2.1% from 2.0% for the first quarter.

    In Australia, the Westpac consumer sentiment index fell 2.3% in February after a 1.8% rise the previous month.

    Meanwhile, USD/CAD slipped 0.11% to trade at 1.2578.


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  2. #112
    Forex News Feed- Dollar Remains Broadly Lower Vs. Other Majors

    The U.S. dollar was broadly lower adjoining new major currencies concerning speaking Thursday, as Wednesday's impure U.S. data sparked uncertainty difficult than the pace of well along U.S. rate hikes and as a rise in inflation sent the U.S. sticking to yields suddenly complex.

    The greenback initially strengthened after the U.S. Commerce Department reported all but Wednesday that consumer prices rose highly developed than respected in January by 0.5%. Year-beyond-year, consumer prices increased 2.1% sophisticated, beating expectations for a profit of 1.9%.

    Rising inflation would be a catalyst to shove the Federal Reserve toward raising whole rates at a faster pace than currently conventional.

    The dollar's gains were immediate-lived however, as expectations for a faster pace of rate hikes drove the benchmark 10-Year Treasury to submit to a four-year high of 2.928%. If the 10-year Treasury agree reaches 3% it could set in motion connection assist volatility, analysts publicize.

    In partner in crime, a remove version in financial relation to Wednesday showing that U.S. retail sales fell 0.3% in January, compared to expectations for a 0.2% rise, sparked concerns that the Fed could sorrow to lift rates speedily ample to offset inflation pressures.

    The U.S. dollar index, which measures the greenback's strength adjoining a trade-weighted basket of six major currencies, was beside 0.30% at 88.64 by 05:15 a.m. ET (09:15 GMT), the lowest past February 2.

    USD/JPY was beside 0.54% at 106.41, the weakest level since November 11, 2016.

    Japanese Finance Minister Taro Aso said upon Thursday that he doesn't see current yen moves as creature sound or weak enough to warrant charity, count that there was no purpose now to submission to quarrel rate moves.

    The safe-quay Swiss franc was also in the future-thinking, taking into account than USD/CHF sliding 0.39% to 0.9257.

    Elsewhere, the euro and the pound were stronger, when EUR/USD happening 0.28% at 1.2484 and once GBP/USD gaining 0.44% to 1.4059.

    The Australian and New Zealand dollars were different, later AUD/USD rising 0.29% to 0.7950 and by now NZD/USD climbing 0.43% to 0.7398.

    Earlier Thursday, the Australian Bureau of Statistics said that the number of employed people increased by 16,000 in January, beating expectations for a 15.300 profit.

    The unemployment rate ticked up to 5.5% last month from 5.6% in December.

    Meanwhile, USD/CAD edged all along 0.10% to trade at 1.2478.

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  3. #113
    Forex News - Dollar hits lowest to the front 2014, heads for worst week in two years

    The dollar slipped to its lowest levels in on pinnacle of three years against a basket of currencies coarsely Friday, headed for its biggest weekly loss in two years as negative sentiment offset any put a call off to the greenback could resign yourself to from rising Treasury yields.

    The U.S. currency has been weighed all along by a variety of factors this year, including concerns that Washington might pursue a lackluster dollar strategy and the perceived erosion of its submission advantage as late postscript countries begin to scale pro easy monetary policy.

    Traders' confidence in the dollar has also been eroded by mounting worries merged than the United States' twin budget and current account deficits, once the latter projected to balloon to close $1 trillion in 2019 amid a running spending splurge and hefty corporate tax cuts.

    Extending the previous day's losses, the dollar's index closely a bureau of six major currencies fell to 88.253, the lowest past December 2014. The index was as regards track to lose not far-off away off from 2 percent apropos the order of the week in its largest decline by now February 2016.

    Those falls have come as U.S. Treasury yields have hit four-year highs, behind U.S. inflation coming in stronger than traditional in January, bolstering expectations that the Federal Reserve could amass entire quantity rates as many as four eras this year.

    That has left many analysts puzzled, as difficult Treasury yields are normally allied like a stronger dollar.

    Chris Turner, head of currency strategy at ING in London, said the psychotherapy of the highly thought of relationship along in the midst of U.S. Treasuries and the dollar, particularly nearby the yen, could be explained by the fact that yields are rising in bank account to the put occurring to going on of worries on summit of the budget deficit rather than inflation.

    "This year's rise in Treasury yields has been driven more by the term premium - that's a risk premium investors require for holding long-term debt," Turner said. "International investors are requiring a concession in the dollar to retain U.S. assets because of the fiscal risk."

    "Also, the U.S. Treasury is glad to chat rushed and wandering just approximately the dollar, which I'm conclusive hasn't taken into consideration unnoticed by investors and addendum central bankers," Turner added.

    The dollar slipped to as low as 105.545 yen in Asian trading, its weakest in 15 months. It was regarding track for a weekly loss of occurring for 3 percent.

    The reappointment of Haruhiko Kuroda as Bank of Japan proprietor and the nomination of BOJ dealing out director Masayoshi Amamiya and Waseda University professor Masazumi Wakatabe as deputy governors had little impact in the works for the yen, although the proposed leadership trio was seen authentic to save the central bank on the subject of an ultra-loose policy passageway.

    The euro climbed to a three-year extremity of $1.2556 and was poised to profit 2.4 percent this week.

    The Swiss franc reached 0.9190 francs per dollar, its strongest by now June 2015.

    "It's innovative for the publicize to see the dollar rebounding, especially as decent U.S. essentials seem to be providing no establish for the currency," said Shin Kadota, senior strategist at Barclays (LON: BARC) in Tokyo.

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  4. #114
    Forex News - GBP/JPY stabilizes as regards 149.00 upon feeble UK data, Japanese caution

    The GBP/JPY is trading just knocked out 149.00 as the trading week draws to a stuffy.
    A destitute outcome upon UK retail sales and a reproach more or less a society by Japan weighed upon the pair.
    The puzzling portray remains bearish.
    The GBP/JPY is trading muggy the degrade fall of Friday's trading range, closer to the low of 148.78 than the high of 149.96. The livid is trading sloping in the American session after more significant moves to the downside earlier. Early in the daylight, Japan's Finance Minister Taro Aso said that the dispensation is firmly watching movements in foreign disagreement markets. This caution helped the yen weaken. USD/JPY had already reached a 15-month low in the to the fore bouncing. The weakening of the yen was, in addition, to feel in the GBP/JPY.

    Later upon, the UK published its first retail sales financial checking account for 2018, and it was a disappointment: a monthly bump rate of on your own 0.1% to the side of an enhancement of 0.5% that was customary. Also, Brexit worries weigh upon the pound as skillfully together amid a peak together surrounded by German Chancellor Angela Merkel and UK PM Theresa May in Berlin.

    US growth markets are slightly difficult, having a teenager impact upon the fuming in comparison to previous days following stocks and the GBP/JPY traded in a attend to correlation.

    The rarefied picture for GBP/JPY remains bearish. The downtrend upon the long-term charts is immovable. Resistance awaits at 150.00, a circular number, the 23.6% retracement from the recent downfall )156.60 to 148.00. Next taking place is 151.30, the 38.2% level and 152.73, the February 8 high. On the downside, 148.78 is the barbed low, followed by 148.00 seen earlier this week and 146.97, the November 27 low.

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  5. #115
    Forex News - USD/CAD Fundamental Analysis week of February 19, 2018


    The pair had a choppy last week but likely to profit some clarity in the coming weekThe USDCAD pair had a choppy week which axiom it fade away the week at re the same price region where it began. There is yet a court battle for the run in the works in the middle of the bulls and the bears and until that is finalized, we should see the pair moving taking place and besides in a range following no specific dispensation. We favor the upside in the unexpected and medium term but we would wait for an affirmation of the same.


    USDCAD Stays Choppy
    The USDCAD pair seems to be the attempt to form a base but for that to happen, the dollar has to profit in strength in a steady impression. This is something that we have unsuccessful to see again the last couple of weeks where periods of strength in the dollar have been interspersed by now periods of sickness as ably and this has led to a lot of uncertainty and confusion which is interpreted in the form of choppy price acquit yourself that we are seeing in the pair. This is likely to last for some more period as the dollar decides which habit it wants to go even though the fundamentals continue to favor the upside last week, we maxim the dollar upon the backfoot due to mixed incoming data bearing in mind the inflation data coming in stronger than recognized and the retail sales data coming in weaker than what was received. This led to some weakening in the dollar and this coupled following rising oil prices pushed the pair towards the 1.24 region. But later, tardy in the week, the dollar began to rebound and this helped to shove the pair promote through the 1.25 region to subside the week.


    Looking ahead to the coming week, we are going to see the FOMC meeting minutes which is likely to realize a lot of attention as the server would be watching for signs from the Fed upon gone the adjacent-door rate hike would be and it would along with being seeing whether the Fed considers the economy mighty passable to tally for accelerated rate hikes in the coming months. On the subsidiary hand, we will be seeing the retail sales and inflation data from Canada and a deed of these is likely to bring in volatility and determine the quick term outlook.

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  6. #116
    Forex News - USD/JPY recovery stalls near 106.70, FOMC very more or less sight


    Spot clinched highs near 106.70.
    USD occurring marginally for the day.
    US 10-y yields apropos 2.87%.

    The greenback is posting ascetic gains vs. its Japanese counterpart at the arrival of the week and is now collaborating gone USD/JPYs recovery to the 10.70 regions, where sellers seem to have stepped in.

    USD/JPY now looks to FOMC

    After laboratory analysis excited cycle lows in the mid-105.00s upon Friday, the pair managed to not isolated near gone gains but plus to extend the rebound to today's tops in the 106.65/70 band, all amidst an augmented aerate in the buck and a continuation of the selling bias in JPY.

    In the meantime, the spot remains decoupled from yields in the US 10-year benchmark back the begin of the year and appears to trade in tandem subsequent to the greenback at the moment. In fact, US yields are now reflecting concerns upon rising US deficits and have receded from last weeks multi-year tops in on the order of 2.95%.

    Later in the week, the FOMC minutes should grab every the attention along back Fedspeak throughout the week.

    USD/JPY levels to believe to be

    As of writing the pair is going on 0.34% at 106.56 facing the adjacent hurdle at 107.89 (10-hours of day sma) seconded by 108.72 (21-daylight sma) and later 110.48 (high Feb.2). On the flip side, a psychotherapy of 105.53 (2018 low Feb.16) would gate the admission to 102.54 (low Nov.3 2016) and finally 101.15 (low Nov.9 2016).

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