Forex, oil, gold, and stocks on April 4-8
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
Greenback goes up in Asia
On Thursday, the evergreen buck gained some ground on the Japanese yen in Asia, as market talk grows that the BOJ has eyed recent strength as unwarranted while the British pound grew a bit as formal start of Brexit overnight hasn’t roiled the major British currency.
The currency pair USD/JPY got to 111.22, soaring 0.15%. Secondly, GBP/USD showed 1.2449, rising 0.11%, while AUD/USD stood still at 0.7670 after in February HIA new home sales added 0.2% month-on-month, compared to a 2.2% dip last month.
The US dollar index, assessing the greenback’s value against a trade-weighted basket of six crucial currencies, inched up 0.11%, trading at 99.89.
Overnight, the US dollar gained against a basket of main currencies, buoyed by better than expected American home sales data while a tumble in both the common currency and pound backed upside momentum in the US dollar.
The greenback continued its stuttering revival from multi-month minimums, reaching a session peak of 99.96.
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Latest news
ISM PMI Indicates Contraction
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
US PCE May Soar Soon
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
Bank of England Tries to Save the Pound
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
