On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Daily News: Wednesday, January 24
The middle of the working week is a good time to gather past and future events, analyze and trade!
- USD/JPY pair is falling. Despite the BOJ report where the Bank announced stability of its loose monetary policy and unchanged interest rate, the price of USD/JPY is sliding down. The candlestick hit the support line of 110 and fell to 109.8. We are waiting for trading news.
- New high. EUR/USD pair achieved a new 3-year high of 1.2335. The depreciation of USD against the JPY affected the Fiber. Now the pair is falling, but let’s see where the pair will go.
- The Aussie, the loonie, and the kiwi are rising. The weakness of the US dollar supports other currencies. Despite the yesterday fall of Aussie, the Australian dollar is rising now and economists believe in bullish trend still. The Canadian dollar and the New Zealand dollar are growing stably.
- The World Economic Forum in Davos that started yesterday is continuing. Economists are waiting for Trump’s speech, supposing that it will give chances to USD to show a bit of life. More information about the WEF and Trump’s address you can find here
- An anticipated Chair of the Fed. As expected, Jerome H. Powell became the next chairman of the Fed. The majority of the US Senate voted to confirm him to this position. Expecting vectors of his policy, his background you can find here
- At the end, a positive forecast. Reuters poll predicts the global growth in 2018 that was not seen since 2010. It gives signals to invest in stocks and high-yielding currencies.
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…