FOREX

Japanese Yen Takes a Nosedive After BOJ Sets Negative Interest on Excess Reserves (IOER)

Fri Jan 29, 2016

The USD/JPY exchange rate surged 1.9% to 121.08 yen per dollar at 10:35 P.M. EST on Thursday, before pulling back sharply after the Bank of Japan (BOJ) said after its two ...

U.S. Dollar Index Struggles at Trendline Resistances Ahead of Fed FOMC Meeting

Fri Jan 22, 2016

The U.S. dollar index (DXY), a weighted index of the value of the U.S. dollar relative to a basket of six major currencies, inched up 0.46% on Friday, to close at 99.58, after the ...

Strong Japanese Yen Hits Nikkei 225 as PBoC Tries to Stabilize Yuan

Mon Jan 11, 2016

The USD/JPY exchange rate was trading in the range between 116.97 and 118.03 yen per dollar on Monday, as the People’s Bank of China (PBoC) was trying to stabilize the daily ...

Dollar Gaining Strength Despite Weak U.S. Economic Outlook

Tue Jan 5, 2016

The U.S. dollar index (DXY), a weighted index of the value of the U.S. dollar relative to a basket of six major currencies, continued to inch up, 0.54% on Tuesday to close at 99.45 ...

Japanese Yen Surges after PBoC’s Stealth Devaluation

Mon Jan 4, 2016

The USD/JPY exchange rate tumbled 1.31% on Monday, to an intraday low of 118.71 yen per dollar, after the People’s Bank of China (PBoC) set the daily reference at 6.5032 ...

USD/CAD Breaks Out in Crowded Trade, Uptrend May Continue After Pullback

Thu Dec 24, 2015

The Canadian dollar has taken a beating since July 2014, when crude oil prices broke down below the $92.50 a barrel level, as the commodity-based currency is heavily ...

USD/JPY Turns Bearish After New BoJ Stimulus Falls Short of Market Expectations

Fri Dec 18, 2015

The USD/JPY exchange rate tumbled 1.20% to an intraday low of 121.06 yen per dollar on Friday, after the Bank of Japan (BoJ) made a surprise announcement that the bank will ...

USD/THB Could Pull Back after Fed FOMC Meeting

Tue Dec 15, 2015

The USD/THB exchange rate is trading at the trendline resistance, near the 36 baht per dollar level, ahead of the U.S. Federal Reserve’s decision on a rate hike liftoff after ...

EUR/USD Technically Bullish Despite Mixed Messages from ECB Officials

Mon Dec 14, 2015

The EUR/USD currency pair closed up 12 pips at 1.10 euros per dollar on Monday, after Eurostat said eurozone industrial production grew 0.6% in October after a decline in ...

Tone of Federal Reserve’s Policy Statement Could Set Direction for the Dollar, PBoC Yuan Intervention is in the Queue

Fri Dec 11, 2015

The U.S. dollar index (DXY), a weighted index of the value of the U.S. dollar relative to a basket of six major currencies ...

EUR/JPY FX Cross Rate Struggles at Key Moving Average Level Ahead of Revised Japan GDP Data

Mon Dec 7, 2015

The EUR/JPY cross rate was trading between 133.68 and 133.75 yen per euro on Monday, after Japan's economic and fiscal policy minister, Akira Amari, in a surprising move ...

U.S. Dollar Index Up on Technical Bounce Following Better-Than-Expected Jobs Report, Downside Risk Persists

Fri Dec 4, 2015

The U.S. dollar index (DXY) bounced off the intraday low of 97.813 on Friday, after the U.S. Labor Department ...

U.S. Dollar Index Pulls Back as U.S. Manufacturing Sector Tumbles

Tue Dec 1, 2015

The U.S. dollar index (DXY) pulled back 0.38% to close at 99.82 on Tuesday, after the Institute for Supply Management (ISM) reported that its manufacturing index was 48.6 in ...

British Pound Sterling Could Remain Under Selling Pressure Until Currency Markets Begin to Worry About Weakening U.S. Economy

Mon Nov 30, 2015

The GBP/USD currency pair inched 65 pips lower to close at 1.5037 dollars per British pound on Friday, after the Office ...

U.S. Dollar Rise may be Unsustainable as S&P 500 Companies' Earnings Heading to Recession

Fri Nov 20, 2015

The U.S. dollar index (DXY) inched up 0.57% to close at 99.62 on Friday, after European Central Bank (ECB) President Mario Draghi gave a speech at the European Banking Congress ...

Yen Weakens Against U.S. Dollar as Japan Slips Back into Recession

Tue Nov 17, 2015

The USD/JPY exchange rate inched up 0.43% to close at 123.15 yen per dollar on Monday, after the Cabinet Office of Japan said gross domestic product (GDP) shrank at an ...

EUR/USD Tumbles as ECB and Federal Reserve Monetary Policy Divergence Widens

Fri Nov 6, 2015

The EUR/USD currency pair tumbled 1.29% on Friday, to close at a 6-month low of 1.074 dollars per euro, after the U.S. Labor Department released the nonfarm payrolls report for ...

U.S. Dollar is Going Nowhere as Central Banks Talk the Talk, but Don’t Walk the Walk

Tue Nov 3, 2015

The U.S. dollar index (DXY) inched up 0.25% to close at 97.24 on Tuesday, as the currency market was looking for a clue on further action from European Central Bank (ECB) President ...

EUR/JPY FX Cross Rate and the Central Banks Game of Chicken

Thu Oct 29, 2015

The EUR/JPY FX cross rate printed at 132.64 yen per euro at the close on Friday, down 0.25% from the previous close, after the Bank of Japan (BOJ) kept its monetary policy on hold ...

Dollar Surges after Mario Draghi Hints Expanded ECB Stimulus

Thu Oct 22, 2015

The U.S. dollar index (DXY) surged 1.45% to 96.44 on Thursday after European Central Bank (ECB) President Mario Draghi said in the press conference after the ECB ...

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