Tag Archive: Japan National Core Consumer Price Index

FX Daily, May 18: EUR/CHF Continues the Collapse

The US dollar is mostly firmer. US yields have stabilized. Asian equities were mostly higher, while European bourses are struggling. Oil prices are steady. There have been a number of sustained trends in the markets that we have been monitoring. The euro, for example, has fallen each day this week. It recorded its low for the year on Wednesday near $1.1765.

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FX Daily, April 20: The Greenback is Alive

The US dollar is set to finish the week on a firm note. It reflects rising US yields, where the 10-year is above 2.90% for the first time since February and the widening two-year different between the US and Germany, which is holding just below 300 bp. It is the fourth consecutive advancing session for the Dollar Index, which is near a two-week high.

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FX Daily, February 23: Dollar Firms; VIX Set to Close Lower for Second Week

A light economic schedule in North America may help the markets close the week on a quiet note. Perhaps if there is one number that captures this sense, it may be the VIX. It is soft and barring a new disruption today, it is poised to close lower for the second consecutive week, for the first time this year. The US dollar is steady to higher today and barring a reversal, will close stronger on the week against the major currencies.

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FX Daily, January 26: Trump-Inspired Dollar Short Squeeze Fades Quickly

It was dramatic. Following the BOJ and ECB's rather mild rebuke of dollar's depreciation, US President Trump cautioned that his Treasury Secretary comments were taken out of context, and in ant event, he, the President ultimately favored a strong dollar. The dollar, which had continued fall after Draghi's post-ECB meeting comments, shot higher in the US afternoon in response to Trump's comments.

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FX Daily, December 01: Dollar Consolidates Weekly Gain, while Equities Ease to Start New Month

The release of the manufacturing PMIs confirm that the synchronized global expansion remains intact. The focus today is on three unresolved political challenges: US tax reform, the UK-Irish border and the talks that may produce another grand coalition in Germany. The US dollar is mixed, with the dollar-bloc currencies and Scandis pushing higher.

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FX Daily, September 29: Dollar’s Gains Pared, but Set to Snap Six Month Losing Streak Against the Euro

Supported by a sharp rise in interest rates and ideas of tax reform, the US dollar is closing one of its best months of the year. The Dollar Index is snapping a six-month decline, and the euro's monthly advance since February is ending. This month, the US 10-year yield has risen 18 bp, and the two-year yield has risen 13 bp. It is the biggest increase since last November.

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FX Daily, August 25: Is the Janet and Mario Show a New Episode or Rerun?

The event that investors have been waiting for and the media frequently linked to whatever price action has taken place has arrived: Yellen and Draghi's speeches later today. Yellen is first. She will speak at 10:00 am ET. This is toward the end of the European trading week. Draghi speaks late in the North American session--3:00 pm ET.

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FX Daily, July 28: Dollar and Equities Closing Week on Heavy Note

The US dollar is mostly lower, though one of the features of recent days has been the dramatic slide of the Swiss franc, and that is continuing today. The franc is off another 0.5% today, to bring its weekly loss to a sharp 2.5%. The euro finished last week near CHF1.1030 and is now near CHF1.1370; its highest level since the cap was lifted in mid-January 2015.

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FX Daily, June 30: Greenback Stabilizes

The US dollar has been battered this week amid a shift in sentiment seen in how the market responded to comments mostly emanating from the ECB's annual conference. It is not really clear that Draghi or Carney gave new policy indications.

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FX Daily, May 26: Anxiety Levels Rise Ahead of Weekend

The markets are unsettled. It is not so much in the magnitude of moves as the breadth of the move. The nearly 1% rally in gold is a tell, but also the inability of equity market to follow the lead of the US markets, where the S&P 500 and NASDAQ set new records. US yields are softer, and the yen is the strongest of the major currencies, up 0.7% against the greenback.

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FX Daily, March 03: Yellen and Jobs Report Last Two Hurdles to US Hike

The US dollar is narrowly mixed as Yellen's speech in Chicago is awaited. The greenback's three-day advance against the euro and four-day advance against the yen is at risk. The dollar-bloc currencies, where speculators in the futures market had gone net long, continue to underperform.

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FX Daily, January 27: Week Ending on Mixed Note as Year of Rooster Begins

The Lunar New Year celebration thinned participation in Asia, where several centers are closed. Although the MSCI Asia Pacific Index slipped slightly, it rose 1.5% on the week, the fourth weekly gain in the past five weeks. The Nikkei advanced 0.35%, the third rise in a row. The 1.75% gain for the week snaps a two-week decline.

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FX Daily, December 27: Markets Becalmed in Wait-and-See Mode

Japan Construction Orders YoY, November 2016
As skeleton teams return to the trading desks in New York, the US dollar is largely where they left it at the end last week. Japanese markets were open yesterday, while UK, Australia, New Zealand, Hong Kong and Canadian markets are still closed today.

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