Currencies

Market uncertainty favors yen trade

January 29, 2019

Originally published here The yen climbed against its rivals on Tuesday, as forex investors took refuge in safe-haven assets after the U.S. Justice Department charged China’s Huawei Technologies Co Ltd with fraud, ratcheting up U.S.-Sino trade tensions. The United States on Monday charged Huawei, its chief financial officer and two affiliates with bank and wire…

Dollar climbs on global growth concerns

January 22, 2019

Originally published here The dollar climbed above a 2-week peak against its peers on Tuesday as a slowdown in China’s economy to 28-year lows sparked fresh concerns over global growth and prompted forex investors to move into safe-haven currencies. Overnight, the International Monetary Fund (IMF) slashed its 2019 and 2020 global growth forecasts, citing a…

Dollar firm as kiwi and aussie slip on profit taking

January 14, 2019

Originally published here The dollar climbed against most of its major rivals on Monday, however increased investor expectations that the Federal Reserve will stop raising rates this year are most likely to cap the greenback’s gains. The Australian dollar and New Zealand dollar slipped lower versus the dollar in early Asian trade, falling 0.2 percent…

Dollar recovers briefly as Fed set on more rate hikes

December 20, 2018

Originally published here The dollar recovered late on Wednesday, following the Federal Reserve decision to curb its aggressive policy tightening path despite being much less cautious than market participants had anticipated. Policymakers, as widely expected raised interest rates by 25 basis points, its fourth increase this year, while forecasting fewer rate increases in 2019 than…

Dollar buoyed by safety bid, Fed expectations

December 17, 2018

Originally published here The dollar stood tall near a 19-month peak on Monday, lifted by safe-haven buying as growing concerns of a global economic slowdown soured appetites for riskier assets such as stocks and Asian currencies. Downbeat data from China and Europe and fears of a possible U.S. government shutdown spooked investors away from stocks…

GBP suffers losses as May postpones Brexit vote; USD capitalizes on these losses

December 11, 2018

Originally published here British pound suffers a severe setback after Theresa May decided to postpone the vote on the Brexit Deal on Monday. The vote was set for today. This postponement opened the door for more uncertainty as it is understood that the likeliness of it going through were scarce. GBPUSD shed 144 pips as…

RBA on hold; Optimism on US-China deal fades out USD sells off

December 4, 2018

Originally published here US equities celebrated Trump and Xi Jinping’s agreement not to slap more tariffs at each other, at least for the next 90 days till talks for a longer term solution continue. In reality the news offered nothing more than a short term fix but indices reacted optimistically to this first step. However…

Hopes for US-China deal lifts sentiment

November 28, 2018

Originally published here Optimism on a hoped-for US and China trade compromise lends support to the major US equity indices that closed in positive territory on Tuesday. Trading during the Asian session this morning continued in positive territory as well, as the major indices headed higher. One of Trump’s senior economic advisors, Larry Kudlow, was…

Dollar lifted by Fed expectations, trade tensions

November 28, 2018

Originally published here The dollar held near its two-week peak on Wednesday, as lingering concerns over Sino-U.S. trade tensions helped lift safe haven currencies while forex investors awaited cues from the U.S. Federal Reserve on the path of future interest rate increases. The dollar has been weighed by signs the Fed might slow the pace…