Post Tagged with: "USD/JPY"
USD/JPY: Trading the Philadelphia Fed Manufacturing Index
The Philadelphia Fed Index is an important leading indicator, based on a survey of manufacturers in the Philadelphia area regarding their opinion of the economy. As such, it provides a snapshot of the business climate and sentiment in the U.S. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Thursday at 15:00
USD/JPY:Trading the University of Michigan Consumer Sentiment
The University of Michigan Consumer Sentiment Index surveys consumer attitudes and expectations about the US economy. An increase in consumer confidence is a positive sign about the health of the economy and can help strengthen the US dollar. Thus, a reading that is higher than predicted by the markets will be bullish for the dollar.
USD/JPY: Trading the ISM Manufacturing PMI
The ISM Manufacturing PMI (Purchasing Manager Index) is based on a survey of purchasing managers active in the critical manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in the US. This important economic indicator is released during the first week of every month. Here are all the details, and 5
Japan losing the battle
The overnight intervention by Japan to weaken the yen is not wholly surprising given the recent moves we’ve seen on the USD/JPY. But it’s not a situation of yen strength by any stretch of the imagination. Ahead of the currency selling by the BoJ this morning, the yen was the weakest performer on the majors
Yen Intervention Sends EUR/USD Below 1.40
The Japanese authorities did it again: for the third time this year, they intervened in the markets and sent USD/JPY 400 pips higher. EUR/USD wasn’t immune to this massive dollar buying and lost the 1.40 line, and more importantly below support at 1.4030. This is a unilateral intervention by the Japanese authorities, without any external
USD/JPY: Trading the Pending Home Sales Release
The U.S. Pending Home Sales Report is an important leading economic indicator, considered by analysts as a good measure of consumer demand in the housing sector. A higher reading than forecast points to a growing economy and is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on
USD/JPY: Trading the US CB Consumer Confidence Index
The Conference Board Consumer Confidence Index is based on a monthly survey of about 5,000 US households regarding their opinion of economic conditions and the overall economic climate. Its release always has a strong impact on market prices. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Tuesday at 14:00 GMT.
UK deficit-reduction strategy on track
The UK is a fiscal test case that many are watching closely. The economy has ground to a halt over the past nine months but the government is sticking to its plans to rein in the deficit. The borrowing numbers released on Friday show that the deficit is currently on track to meet the targets
US Jobless Claims Remain Above 400K
The number of weekly unemployment claims in the US dropped to 403K. This was a bit above expectations of 401K. Last month’s number was revised to the upside from 404K to 409K. This is another sign that the job market is still sluggish. Even if the US will indeed avoid a recession, this still means
USD/JPY: Trading the US TIC Long-Term Purchases
The US TIC Long-Term Purchases release measures the level of foreign and domestic investment in the US. This important indicator is released monthly, and if the reading exceeds the market forecast, this bodes well for the US dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Tuesday at 13:00 GMT. Indicator