Japan JP Foreign Reserves: $1261.7B (February) vs previous $1268.5B

EUR/JPY: threatening a break below 131 on Cohn headlines

EUR/JPY is threatening a break below 131 the figure on yen strength after the headlines that President's economic advisor, Gary Cohn, will resign over differences about the recent decision that Trump wishes to implement on steel tariffs. Currently, EUR/JPY is trading at 131.02, down -0.54% o ...

USDJPY: Strong Yen amid fear that Cohn Trump adviser resigns

Cohn, Trump’s top economic adviser plans to resign. USDJPY down 50 pips as Asia market starts. The USDJPY has closed Tuesday virtually unchanged at 106.18. However as soon as the Asian started the USDJPY plunged more than 50 pips amid fears that Mr. Cohn, who heads the National Economi ...

Whitehouse Gary Cohn is planning to resign, risk off markets back in play

Due to the opposition on tariffs on steel that Trump proposed last week, Whitehouse Gary Cohn is planning to resign.  The headlines appeared in the New York Times saying that Cohn plans to resign on the back of his free-trade views clashing with Trump's threatened metal tariffs an ...

AUD/JPY: RBA governor Lowe fails to impress, Yen spiking on Cohen departure

The AUD/JPY recover is under threat once again, as Gary Cohen signals abandoning his post in the White House. RBA governor Lowe provided nothing new for Aussie traders, leaving the AUD twisting in the wind. The AUD/JPY pair recovered in Tuesday trading but is under threat again, dropping int ...

NZD/USD drops and pops through 21-D SMA

NZD/USD dropped and popped in early Asina trade from a touch below the 0.73 handle to 0.7286 tracking moves in the Aussie as RBA Gov. Lowe makes comments on monetary policy and the value of the Aussie dollar.  However, at the time of writing, USD/JPY collapsed on news that Gary Cohn wil ...

Australia AiG Performance of Construction Index rose from previous 54.3 to 56 in February

Mexico stocks higher at close of trade; S&P/BMV IPC up 0.34%

Investing.com – Mexico stocks were higher after the close on Tuesday, as gains in the Consumer Staples, Materials and Financial Services sectors led shares higher. At the close in Mexico, the S&P/BMV IPC rose 0.34%. The best performers of the session on the S&P/BMV IPC were El Puerto De ...

GBP/USD: Pound testing 1.3900 ahead of Fed Brainard speech

Cable remains steady near 1.3900.  Fed Brainard speech at 22.30 GMT. The US Non-Farm Payrolls on Friday is expected to come out at 200K.  The GBP/USD has traded higher on Tuesday and is now trading at 1.3890 up 0.50% on the day. The Dollar is under pressure with Trump’ ...

USD/CAD upside pressure eases ahead of BoC

CAD, NZD, AUD post strong again versus USD amid risk appetite.  USD/CAD back below key level.  Key events ahead: Bank of Canada meeting and US ADP employment report.  USD/CAD pulled back on Tuesday from multi-month highs amid risk appetite and a retreat of the US dollar. Th ...

RBA’s Lowe: would be helpful to have lower AUD/USD

After hawkish comments from  Philip Lowe, who is the Reserve Bank of Australia's Governor,  speaking at the Australian Financial Review Business Summit in Sydney around the topic of "The Changing Nature of Investment", the Aussie has revised the marginal gains on comment ...

US official: exercises on the Korean peninsula WILL resume

There has been a flurry of headlines over the N.Korean gesture that had been raising hopes for peace on the Korean peninsula.  South Korean president Moon Jae-in said the North was willing to meet with the US to discuss denuclearization and that while such talks continued, it would not tes ...

RBA’s Lowe: next move in interest rates would be up, “not down”

AUD/USD goes bid on the comments from  Philip Lowe, who is the Reserve Bank of Australia's Governor. He is speaking at the Australian Financial Review Business Summit in Sydney around the topic of "The Changing Nature of Investment". There have been some comments on th ...