Will Japan Intervene in the Forex Market to Support the Yen?
The Japanese yen on Wednesday rose to an 11-month high of 149.71 yen per dollar, just below the 33-year high of 151.95 posted last October. According to former top Japanese currency official Eisuke Sakakibara, the Japanese government may step into foreign exchange markets if the yen goes beyond 150 against...
Stocks Post Modest Gains as Price Pressure Ease in Germany
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.05%. Stocks this morning are modestly higher. Stocks are wavering...
Dollar Gains with Bond Yields at Decade Highs
The dollar index (DXY00 ) on Wednesday rose by +0.36% and posted a 9-3/4 month high. The dollar found support from Wednesday’s stronger-than-expected U.S. Aug capital goods new orders report, which helped push the 10-year T-note yield to a 16-year high and strengthened the dollar’s interest rate differentials. Also, a...
How high can the U.S. Dollar go?
The U.S. Dollar rallied for 6 straight days, putting pressure on all G-10 Currencies.
Dollar Rallies on Higher Bond Yields and Weak Stocks
The dollar index (DXY00 ) on Tuesday rose by +0.20% and climbed to a 9-3/4 month high. Hawkish comments from Minneapolis Fed President Kashkari Tuesday supported the dollar when he said he expects the Fed to raise interest rates again this year. Also, weakness in the euro was bullish for...
NZDJPY Rally from Extreme Area and Bullish Sequence
In this blog, we will take a look at the reaction from extreme area in (NZDJPY) , how buyers appeared in the area as expected and produced a strong reaction higher. We will look at how this area was calculated and also look at the current Elliott wave structure of this Yen cross.
AUDUSD Found Sellers After Elliott Wave Double Three Pattern
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of (AUDUSD) forex pair published in members area of the website. As our members know AUDUSD has recently made recovery against the 0.6520 peak that has unfolded as Elliott Wave Double Three Pattern.
Stocks Retreat on U.S. Economic Concerns
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -1.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.78%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.07%. Stocks this morning are moderately lower, with the S&P...
Treasury Yields correct from recent contract highs
The downward trend remains firm in the 10-year and 30-year with these key levels of resistance to watch
Are Threats to the USD's Role as a Reserve Currency Real?
Though the U.S. dollar’s status as the world’s reserve currency has come into question, transitioning away could involve significant challenges and risks.
Dollar Climbs on Rising Bond Yields
The dollar index (DXY00 ) on Monday rose by +0.40% and posted a new 6-1/2 month high. The dollar moved higher Monday on rising bond yields, with the 10-year T-note climbing to a 16-year high. Also, the dollar has carryover support from last Wednesday when the Fed signaled one more...
Stocks Mixed as Global Bond Yields Climb
The S&P 500 Index ($SPX ) (SPY ) today is up +0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.02%, and the Nasdaq ($IUXX ) (QQQ ) is up +0.26%. Stocks are mixed, with the S&P 500 earlier in the day falling to a 3-1/2 month...
Keep a Close Eye on the Canadian Dollar
The U.S. Dollar still remains in a firm uptrend as outside foreign currencies continue to weaken, but keep a close eye on the Canadian Dollaras it looks to breakout.
Will Inflation Save Japan Economy from the Lost Decades?
Japan has gone through a long period of economic stagnation and deflation since the 1990s, frequently referred to as the lost decades, but there seems to be signs that Japan might finally be recovering. Inflation is back, and foreign investors are pouring money into the Japanese stock market. Is Japan making a comeback from the Lost Decades?
Can Warmer Weather Increase Australian Dollar Trader Profits?
Australia's second quarter is typically associated with seasonal trends in tourism and travel. The country attracts many international tourists as Australia's weather becomes more favorable during this period. The influx of visitors can influence the demand for the Australian Dollar. Could this put profits in traders' accounts this year?
Dollar Supported by a Hawkish Fed
The dollar index (DXY00 ) on Friday rose by +0.19%. The dollar Friday rallied to a new 6-1/2 month high on carryover support from Wednesday when the FOMC signaled one more +25 bp rate hike this year and projected that the fed funds rate next year would be +50 bp...
Is What the Fed Said a Surprise?
While some like to say they were surprised by what the US Fed did and said, the reality is there has been plenty of time to plan ahead based on previous comments.
Lower Bond Yields Spark Mild Recovery in Stocks
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.88%. Stocks this morning are moderately higher, recovering from some...
Dollar Relinquishes Most of its Gains on Yen Strength
The dollar index (DXY00 ) on Thursday gave up an early advance and finished little changed, up only +0.01%. The dollar Thursday initially climbed to a 6-1/2 month high on carryover support from Wednesday when the FOMC signaled one more +25 bp rate hike this year and projected the fed...
Stocks Slump and Bond Yields Climb on Fed Jitters
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -1.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.17%. Stocks this morning are moderately lower, with the S&P...
Dollar Recovers Early Losses on Hawkish FOMC
The dollar index (DXY00 ) on Wednesday recovered from early losses and rose +0.11%. The dollar on Wednesday opened lower on weaker T-note yields and on strength in stocks that curbed liquidity demand for the dollar. However, the dollar recovered its losses and moved higher after the FOMC's dot plot...
Stocks Push Higher Ahead of FOMC and Powell Comments
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.46%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.03%. Stocks this morning are moderately higher on expectations for...
Why Japanese Yen Keeps Falling
The Japanese Yen continues to fall, and is now near the level that triggered government intervention last year. Why is Yen so weak and will it keep falling? In this episode, we talked to Clive Ponsonby, former J.P.Morgan forex trader and author of Currency View, and Wei Liang Chang, FX & Credit Strategist at DBS, for a deep dive on this topic.
Dollar Slips on Prospects for Weaker U.S. Economic Growth
The dollar index (DXY00 ) on Tuesday fell -0.06% despite expectations for a hawkish FOMC meeting this week and Tuesday’s +5.4 bp rise in the 10-year T-note yield. The forex market Tuesday seemed to focus more on the negative economic outlook for the U.S. with rising gasoline prices, Tuesday’s weak...