The Latest in Forex News & Analysis.


By CR | May 28, 2017 6:45 pm | 0 Comments

FX majors little changed from Friday NY close

USDJPY 111.20

EURUSD 1.1175

GBPUSD 1.2805

AUDUSD 0.7445

NZDUSD 0.7055

USDCAD 1.3450


News over the weekend

-G7 statement: Ready for further restrictive measure on Russia

-North Korea fired ballistic missile landed Japan Sea

-Former Italian PM Renzi suggested next election be synchronized with Germany’s

-Kushner reported to have requested a secret hotline to Moscow

Japan Inflation data

By CR | May 25, 2017 7:34 pm | 0 Comments

Japan April Nationwide core CPI +0.3% yoy vs 0.4% fcst, 0.2% prior

Tokyo May core CPI +0.1%  yoy vs 0.0% fcst, -0.1% prior


$JPY unchanged still hovering below 111.82 Ichimoku cloud

Other majors staying near NY closing levels waiting for next action,

FOMC Bullard is scheduled to speak at 22pm EDT


By CR | May 24, 2017 8:36 pm | 0 Comments

Dallas FED President Robert Kaplan speaking in Toronto;

-See natural rate between 2 to 3%

-US cannot grow debt to boost GDP anymore

-Rate should rise very gradually, see 3 hikes in 2017 in total

-FED still below 2% inflation goal

-FED won’t be influenced by political pressure

-FED sensitive to impact of action of currency


By CR | May 23, 2017 8:23 pm | 0 Comments

China cut to A1 from Aa3 by Moody’s, outlook to stable from negative.

CNH, AUD$ declining on this headline.


By CR | 6:54 pm | 0 Comments

New Zealand April Trade balance NZ$578.0m surplus vs 267m fcst

Exports NZ$4.75b vs 4.40b est

Imports NZ$4.17b vs 4.10b est


NZD marginally higher to 0.7020 , first resistance seen at 0.7045-50 intraday high, then 0.7080 high seen in March


By CR | 5:08 pm | 0 Comments

Philadelphia FED president Patrick Harker speaking in NY:

-3 rate hikes over 2017 remains appropriate

-Inflation still on track despite recent softness

-FED still discussing different B/S exit options

-FED to explain B/S exit with good amount of time

-US labor market has very little slack left

Report of explosion at Manchester Arena

By CR | May 22, 2017 6:56 pm | 0 Comments

Police confirm a “number of fatalities” following reports of an explosion at Manchester Arena concert

$JPY dropped from 111.30 to 111.00

NY close

By CR | 4:45 pm | 0 Comments

NY close


Rather quiet NY session with EUR$ staying onto 1.12 handle, GBP hovering around 1.30, $JPY sticky around low 111. Commodity currencies trading bid with higher oil and metals.

US indices closed positive, 10 year yield creeping up a little and VIX is lower.


Levels to watch

EUR$ 1.1300 Nov 9 high

$JPY 110.75 Ichimoku cloud

AUD$ 0.7538 200dMA

NZD$ 0.6982 Ichimoku cloud


By CR | May 21, 2017 7:59 pm | 0 Comments

Japan April Trade balance 481.7bio yen vs 520.7bio est.

Exports rose 7.5%yoy, Imports rose 15.1%yoy


$JPY trading slightly higher to 111.32, Nikkei futures also touch higher before cash market open.

In the meantime Oil trades higher onto 51 handle


By CR | 5:18 pm | 0 Comments

Some gaps from Friday close in USDJPY and GBP


Currency pair       Friday close         Monday open

USDJPY             111.25                 111.05

GBPUSD            1.3035                1.3002

EURUSD            1.1205                1.1202

AUDUSD           0.7455                0.7444

NZDUSD           0.6927                0.6923

USDCAD           1.3509                1.3513


Headline news over the weekend

  • North Korea fired mid-range missile
  • UK Survation poll, Conservatives 46%, Labour 34%

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