Post Tagged with: "USD/JPY"
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
Non-Farm Payrolls Top 100K – Risk Rally Sends Dollar Down
Non-farm Payrolls showed a a gain of 103K jobs in September. Early expectations were for a gain of around 50K. The unemployment rate remained unchanged at 9.1%, as expected. The initial reaction is of a weaker dollar on risk appetite. EUR/USD was trading around 1.3450 before the release and is now aiming for 1.35. The
ADP Non-Farm Payrolls Rise – Appetite for Risk Follows
ADP Non-Farm Employment Change showed a gain of 91K jobs in the private sector, higher than 76K that was expected. This rise triggers a small risk rally with the euro gaining against the dollar and the yen falling against it. It’s important to note that ADP doesn’t necessary go hand in hand with the official
US Manufacturing Still Growing – Risk Appetite Trading Triggered
The manufacturing sector in the US continues growing: the purchasing managers index rose to 51.6 points in September, exceeding expectations of a score of 50.5 and defying rumors of a number below 50 which represents contraction. The dollar is stronger against the Japanese yen and weaker against the euro – a classic risk appetite trade.
USD/JPY: Trading the CB Consumer Confidence Index
The Conference Board Consumer Confidence Index is based on a monthly survey of about 5,000 households regarding their opinion of the economy. 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. Indicator Background The CB Consumer Confidence
Big Sigh of Relief in Japan
While the stock market may be disappointed with Fed Twist, the authorities in Japan are probably relived. The Japanese yen had been approaching all time highs against the dollar in recent days. USD/JPY now rises, as the dollar rises across the board and moves away from the intervention zone. Each time the pair got too
USD/JPY: Trading the Existing Home Sales Release
The Existing Home Sales Report is an important economic indicator, considered by analysts as a good measure of consumer demand in the housing sector. As a house is likely to be the largest purchase that a consumer will make, this indicator provides critical data about the mood of consumers and the health of the economy.
USD/JPY: Trading the University of Michigan Consumer Sentiment Index
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. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Friday at 14:00 GMT. Indicator