USD/JPY Slides as Verbal Intervention Takes Hold
The Japanese Yen manages to elicit support from the verbal interventions we have seen over the last few days, sending the pair lower today
Page 78 of 127
The Japanese Yen manages to elicit support from the verbal interventions we have seen over the last few days, sending the pair lower today
The German index covers earlier losses but cannot benefit from better than expected GDP figures from Eurozone, as markets brace for Thursday’s interest rate decision by the European Central Bank
The pair extends this week’s rally to levels not seen since August 1998, as USD strength persists and markets brush aside JPY verbal intervention
The Australian central bank hiked rates by another 0.5% on Tuesday and pointed towards further increases ahead, but maintained optionality as to the future moves
The pair remains supported after as markets contemplate the recent hawkish rhetoric from the two central banks, but can’t escape parity
The central bank of New Zealand extended its most aggressive tightening cycle with another 50 basis points increase today, expecting more hikes ahead
The retail giant did largely better than it expected, based on it recently lowered projections, amidst high inflation and costs
The pair is in a good mood today after last week’s US CPI-fueled decline and remains contained within the daily Ichimoku Cloud, looking for catalysts
There was a flurry of corporate activity and news during the week of August 8-12, with Disney, Dutch retailer Ahold Delhaize, EV start-up Rivian and other companies attracting our attention
The pair is in consolidation mode after Wednesday’s US inflation-fueled surge, little changed by the UK GDP release today
The Walt Disney Company released strong quarterly results on Wednesday, with its streaming services reporting total subscribers that were higher than those of rival Netflix
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.