Tag: JPY

Fed Powell advances the dollar

Wednesday July 18: Five things the markets are talking about U.S assets get another leg up from rookie Fed Chair Jerome Powell who again expressed optimism over the U.S’s economic growth and stable inflation, telling Congress yesterday that domestic data should keep the central bank on track to raise “gradually” short-term interest rates. However, as […]

USD/JPY advances to six month high post-testimony

Economy faces years of strong jobs growth in a low inflation environment The dollar continued to push higher in Asian trading, building on gains made in the previous session after Fed Chairman Powell’s described the US economy as in a good place during his semi-annual testimony before the Senate Banking Committee. He said he sees […]

Dollar Stronger on Safe Haven Flows OANDA Market Beat Podcast

OANDA Senior Market Analyst Alfonso Esparza reviews the major upcoming market news, macro analysis and economic indicator releases that will impact currencies, stocks other asset classes. Subscription available on iTunes https://goo.gl/TZEWRW and GooglePlay https://goo.gl/cRBk39. Tune in every Tuesday and don’t miss a beat as we cover the hottest trends impacting the markets in the week […]

PM May faces Brexit battle in parliament on trade

British Prime Minister Theresa May faces a battle over trade in parliament on Tuesday, with pro-EU lawmakers hoping to influence her plans to leave the European Union a day after she bowed to demands from Brexit campaigners. May’s vulnerability in parliament, where she lost her Conservative Party’s majority in an ill-judged election last year, was […]

Canada: Monthly survey of manufacturing, May 2018

Manufacturing sales increased 1.4% to $57.1 billion in May, following a 1.1% decline in April. Sales rose in 14 of 21 industries, representing 64% of total manufacturing sales. The chemical, machinery, and wood product industries accounted for most of the gains in May. The transportation equipment industry posted the largest decline. In constant dollars, manufacturing […]

Monday blues or Dog days of summer

Monday blues or Dog days of summer Whether a case of the Monday blues, the Dog Days of summer setting in or a combination of both, markets struggled for direction despite upbeat US economic data while quarterly earnings have failed to inspire investors. And we might chalk it up to a typical summer afternoon NY […]

IMF Warns Trade War Could Cost Global Economy $430B

Rising trade tensions between the United States and the rest of the world could cost the global economy $430bn (£324bn), with America “especially vulnerable” to an escalating tariff war, the International Monetary Fund has warned. Delivering a sharp rebuke for Donald Trump, the Washington-based organisation said the current threats made by the US and its […]

Oil Drops After US May Grant Waivers to Iran Oil Purchases

Oil prices extended early losses on Monday, with U.S. crude dropping below $69 a barrel, after Treasury Secretary Steve Mnuchin said some crude importers may receive waivers to continue buying supplies from Iran, despite U.S. sanctions on the Middle Eastern country. “We want people to reduce oil purchases to zero, but in certain cases if […]

Strong USD Creates Market Headwinds

While Wall Street has been focused on trade talks and diplomatic tensions over the summer, the U.S. dollar has quietly crept to its highest levels of the year. The DXY U.S. dollar index, which measures the greenback against a basket of currencies, has surged since April lows to hold year-to-date highs through July. Speaking with […]

Trade ,earnings ,teapots and the US dollar

Trade, earnings, teapots and the US dollar Strong domestic growth and on-target core inflation continue to suggest the US economy is in that happy place,  but this week’s US economic data will begin to shape market expectations for Q2. And equally significant will be Fed Chair Powell’s semi-annual monetary policy testimony before the Senate Banking […]