EUR/JPY: steady ahead of Tokyo open; a test of 100-D SMA?

EUR/JPY: stocks under water, correction running out of steam?  EUR/JPY: a quiet start to Asia, Tokyo to offer anything? Capped by the 100-D SMA at 133.09, EUR/JPY was trading at its highest since 15th Feb in late Asia before a drop in US equities, (investors showed concerns over risin ...

Japan National CPI Ex-Fresh Food (YoY) meets forecasts (0.9%) in March

Japan National CPI Ex Food, Energy (YoY) meets expectations (0.5%) in March

Japan National Consumer Price Index (YoY) in line with expectations (1.1%) in March

US Fed’s Mester: further rate hikes appropriate

Loretta Mester, President of the Federal Reserve Bank of Cleveland and voting member of the FOMC, has given her outlook on the Fed, the US economy, and monetary policy. Key highlights Further rate hikes are appropriate for both this year and next. Gradual rate hikes would avoid overheating an ...

Forex today: the dollar strikes back

Forex today was tracking yields sending the US dollar higher while commodities and equities suffered as market actually rethinks the reflation trade, (lower stocks, commodities, flattening yield curve broadly speaking). However, the long maturity rates rose on Thursday and the US 10yr treasur ...

AUD/JPY back into the 83.00 handle as markets spook out of risk mode

Aussie tumbles as risk assets get dumped in favour of the Greenback. Japan inflation data incoming, but could see a limited impact. The AUD/JPY mimicked the Aussie against the US Dollar in Thursday's action as market forces greater than the single currency have taken control once more, an ...

US data reviewed, Initial jobless claims/ Philly Fed survey – Nomura

Analysts at Nomura noted and reviewed the US key data from Thursday. Key Quotes: "Initial jobless claims: Initial claims fell 1k to 232k for the week ending 14 April. Initial claims have been trending down since picking up by 24k to 242k in the last week of March. The four-week moving averag ...

AUD/USD turns away from major trendline, sinks as the USD gains favor

Aussie tumbles as traders pick the Dollar back up. Markets look to end the week on a risk-off note. The AUD/USD is trading near the bottom in the overnight session at 0.7725. Broad markets turned tail and began scooping up the Greenback in Thursday's trading as risk appetite shriveled onc ...

Market wrap: higher dollar and yields – Westpac

Analysts at Westpac noted that the US dollar rose against G10 currencies as US yields pressed higher, equities faltered and commodities became more mixed after a strong run.  Key Quotes: "Long maturity rates rose. The US 10yr treasury yield rose from 2.86% to 2.93% (a one-month high, an ...

NZD/USD: bears in control, looking for break of 0.7210

NZD/USD: below the 21 and 55-D MAs, leaning bearish on the charts. NZD/USD: greenback is up to test the 90 handle in the DXY, spells stronger for longer and lower commodity bloc. NZD/USD has been under pressure on a resurgence in the dollar as inflationary fears sparked up a risk-off session i ...

Wall Street bears take the lead after three days of gains

US stocks, first down day after three consecutive days of gains.  Financial stocks are up, led by higher US bond yields and American Express and Bank of New-York Mellon’s earnings. US stocks had a pullback from recent gains on Thursday’s trading. The three main indices close ...

Fundamental wrap: GBP/USD’s rally to YTD highs a potential head fake

From a fundamental perspective of Thursday's markets, the curve has been the main theme while the reflation trade stumbles, supporting a higher dollar on the day while stocks fell, (tech stocks, homebuilders were in decline). As analysts at ANZ noted, "the US treasury curve bea ...

Global market snapshot: all about the curve – ANZ

Analysts at ANZ explained that the US treasury curve bear steepened, with 2 year largely unchanged and 10 year up 4bps to 2.91%.  Key Quotes: "European yields were also sharply higher while in the UK the 10-year yield climbed 10bps to 1.52%." "US equities dropped across al ...