Japanese Yen Eases on BoJ Dovish Statement
The Japanese Yen eased on Wednesday morning after the BoJ Deputy Governor indicated that the Japanese central bank would not raise interest rates if global markets remained unstable. This statement has calmed the market and unwound concerns about Yen carry trades. Meanwhile, the dollar has regained strength, with the dollar index (DXY) climbing above the $103 mark.
Powell’s Dovish Tone Hammers Dollar
Federal Reserve Chair Jerome Powell indicated that recent U.S. economic data suggest inflation is returning to a downward trajectory. However, he emphasised the need for more evidence before the Fed considers shifting its current monetary policy. Consequently, the dollar eased from its recent highs, while U.S. equity markets, buoyed by the dovish tone, saw the Nasdaq and S&P 500 reaching all-time highs.
EUR/USD – Can it turn things around?
The euro is trading lower against the dollar again after a brief rebound late last month. But was the rebound brief or is there more to come?
Safe-haven yen, Swiss franc rise on Omicron fears, Fed policy uncertainty
The dollar ticked higher on Friday amid a broadly calmer tone in markets as fears over Omicron’s impact eased, but currency moves were muted ahead of a key U.S. payrolls report that could clear the path to earlier Federal Reserve interest rate hikes.
Safe-haven yen, Swiss franc rise on Omicron fears, Fed policy uncertainty
The dollar ticked higher on Friday amid a broadly calmer tone in markets as fears over Omicron’s impact eased, but currency moves were muted ahead of a key U.S. payrolls report that could clear the path to earlier Federal Reserve interest rate hikes.
British Pound Outlook: US Dollar Strength Holds GBP/USD Bulls at Bay
UK BRITISH POUND TECHNICAL OUTLOOK: NEUTRAL
British Pound Outlook: US Dollar Strength Holds GBP/USD Bulls at Bay
UK BRITISH POUND TECHNICAL OUTLOOK: NEUTRAL
Japanese Yen Flash Crash Warning on High Alert - Calm Before the Storm
Markets are on high alert for a potential flash crash to prompt a surge in volatility with Japanese markets closed for the longest period since World War 11.
Dow Jones Will Look to Inflation Data, Fed Expectations on Friday
With US GDP data released, domestic equity markets will look to the next big indicators on the calendar to guide price action into the weekend.
