Post Tagged with: "Currency Correlation"
FOMC Statement – An Opportunity to Short the Yen Crosses
Ben Bernanke and his colleagues at the FOMC are making their first rate decision after the unexpected drop in the American unemployment rate. Here are two dollar-bullish moves they could do. Since the dollar yen correlation is strong, shorting the yen crosses looks quite interesting. Here’s a preview for the FOMC Statement
Dollar Wins Volatile Week – Risk Factor Fades Out
The US dollar makes big gains against other currencies, in the wake of the Non-Farm Payrolls figures. The big surprise in NFP shut off the risk factor, and sent the dollar rallying across the board. Yes, even against the Yen! Non-Farm Payrolls were far better than expected, showing a loss of only 345K jobs instead
Hangover from Friday Effect – What’s next for the Greenback?
After Friday’s late dollar selling, the markets have allowed the dollar to breath. Will the dollar recover or has the fall stopped temporarily? On Friday, Non Farm Payrolls were better than expected. "Only" 539K jobs were lost in April, contrary to early expectations that were at -615K and later improved to 590K. The good figure
GDP And FOMC Roundup – Yen Hurt
Advance GDP and the FOMC Statement supplied much volatility for the forex market. Most currency pair eventually stayed in the same place. Only the Yen was significantly hurt. Advance GDP was very bad: According to the early indicator, the American economy squeezed by 6.1% in the first quarter of 2009, much worse than early expectations
Non-Farm Payrolls Send USD/JPY Above 100
Non-Farm Payrolls fell by 663K . Immediately after the release, USD/JPY leaped over 100, adding another digit and leaving dust behind it. The European currencies are gaining against the dollar. Risk appetite is getting very strong! Non-Farm Payrolls fell a little bit more than expected, but not too bad. Early expectations were for a fall
G20 Verdict: To Spend! Dollar Falls
G20 Summit in London is set deliver results – increasing the IMF’s budget to $750 billion and to tighten regulation. This dollar spending and these hopes of world economic revival hurt the dollar, and hurt the Yen even more. Contrary to early expectations, the leaders of G20 are getting closer and might deliver significant results.
Tankan Manufacturing Index could take USD/JPY Over 100
The Tankan Manufacturing Index is major economic indicator in Japan. USD/JPY is climbing slowly to the magical 100 mark. Will this release push it over the top? Update April 2011: for the latest on this important Japanese indicator, see the Tankan Manufacturing Index page on Forex Crunch. USD/JPY is trading sideways for a few weeks. On
Yen Dollar Correlation – Upside Story
The US dollar and the Yen continue to work in correlation, and today, the dollar made gains – the Yen extended them. I’ve written in the past about the Dollar Yen Correlation. In previous events, such as the FOMC Trillion dollar printing statement, the dollar weakened, and then the Yen weakened even more. Today, it
FOMC Statement Impact – One Week After
A week ago, the FOMC released a stunning statement, that meant printing $1 trillion dollars. This shocked the forex markets, and sent the dollar down. Some called it a death sentence for the greenback. One week after, let’s review where the buck is going
Dollar Falls on China Debt Fears, Toxic Asset Plans
The US dollar is falling across the board at the beginning of the new forex week. This happens against all the currencies, except the Yen of course. Toxic Asset Plan by Geithner and China Debt Fears are driving the dollar down. The forex week began with a weakening of the US dollar: it lost ground