USD/JPY Struggling To Regain Ground Post Dovish Fed

Key Highlights Recently, the Fed signaled possible interest rate cuts in 2019, putting pressure on the US Dollar. USD/JPY settled below 108.50 and even broke the 108.00 support area.The US Initial Jobless Claims for the week ending June 15, 2019 declined from 222K to 216K.The US Manufacturing PMI in June 2019 (Preliminary) could slide from 50.5 to 50.4. USDJPY Technical ...
Read More

USDJPY – Dollar Set For Further Declines Vs Japanese Yen Post Fed Decision

USDJPY – Dollar Set For Further Declines Vs Japanese Yen Post Fed Decision Key Highlights The US Dollar remained in a downtrend against the Japanese yen, and may slide further. When we look at the daily chart of the USDJPY pair, then there is a major bearish trend line protecting the upside move. The fed interest rate decision was announced recently in which the c...
Read More

US Dollar Gains as Fed Raised Interest Rates

US Dollar Gains as Fed Raised Interest Rates Key Highlights             Fed increased the interest rates from 0.25% to 0.5%, as forecasted and as a result, the US Dollar rocketed higher. EURUSD and GBPUSD dived down and USDCAD traded higher. The upside in the USDCAD pair was contained by the 1.3850 resistance area, which acted as a barrier. In New Zealan...
Read More

USDJPY Facing Hurdle Around 121.50 Ahead of Fed Meeting

Key Highlights US dollar continued to trade in the positive territory, but struggling to clear an important resistance at 121.50. Fed interest rate decision is a major release lined up today, which is likely to ignite moves in the US dollar. USDJPY has a support around 121.10 and resistance ahead at 121.50. Technical Analysis The USDJPY pair continuously finding b...
Read More

Dollar Fails To Capitalize On Hawkish Yellen; New Home Sales

Key Highlights Fed’ Yellen was all hawkish in her recent speech, but that failed to ignite buying interest in the US dollar. On the other hand, the US dollar was seen losing ground against currencies such as the British pound, New Zealand dollar and the Aussie dollar. In the US, the number of new home sales will be released by the US Census Bureau, which is expected t...
Read More

FOMC Minutes Aftermath, Dollar and Gold Reactions

Key Highlights US dollar declined to some extent, as the FOMC meeting minutes failed to live up to the expectation of the market. Euro and the British pound surged higher and traded close to 1.1420 and 1.5450 respectively. Japanese Merchandise Trade Balance Total released by the Ministry of Finance registered a lower than expected trade deficit with a reading of ¥-1,17...
Read More