Online Forex broker
On Wednesday, the Japanese yen headed south versus its major peers because investor risk appetite improved during Asia trade, although worries over decelerating global surge and US-China trade clashes will probably cap gains in risky assets.
As a matter of fact, the Japanese yen dived by 0.25% against the US currency ending up with a reading of 109.62. Versus the Australian currency, it slipped by 0.5%.
As anticipated, the Bank of Japan kept monetary policy intact and reduced its inflation estimate, with a greater-than-anticipated dive in December export data earlier in the day giving an emphasis to the necessity for continued support for the Japanese trade-reliant economy.
Moreover, the Australian dollar headed north by 0.2% against the evergreen buck reaching $0.7137.
For recent week the foreign exchange market has been whipsawed because investors attempted to come to terms with an array of issues from Brexit to decelerating global surge and the outlook for key major financial institutions.
Nervousness around global surge as well as trade clashes - these are the factors powering the financial markets now, as some analysts explained.
The International Monetary Fund had its 2019 and also 2020 global surge estimates trimmed, explaining that move by a greater-than-forecast deceleration in the Eurozone and China. The organization also stressed that the inability to resolve trade clashes could further impact a decelerating global economy.
The previous year’s surge in China turned out to be the slowest since 1990. What’s more, it’s braced for weakening further in 2019 before stimulus measures start kicking in.
Market participants are hoping for a significant progress in US-China trade negotiations, with the tariff conflict between the world's leading economies already affecting financial markets as well as global demand.
A report by the Financial Times that America had rejected the Asian country’s proposal for preparatory trade negotiations impacted risk sentiment overnight. However, later it was debunked by a White House adviser.
Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.
Have a look at the key financial instruments on Monday, February 28. Geopolitics is currently on all news frontlines. Western nations escalated sanctions on Russia for the invasion of Ukraine.
Last week was super intense! Geopolitical turbulence made the Russian ruble the most volatile currency. Gold rose and fell by more than 8000 points each time.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
