USD raises against Yen rises for the fifth consecutive day because of the US dollar strength and recent mild gains of S&P 500 Futures . It should, however, be noted that the downbeat performance of Nikkei 225 probes the upside momentum. Mixed data can create confusion in USD/JPY traders. Japan’s Current Account for November grew [...]
Aussie seems to be in negative trend despite the reports being positive. China’s Consumer Price Index (CPI) and Producer Price Index (PPI) for December crossed upbeat forecasts while flashing 0.2% and -0.4% YoY figures. Monthly CPI 0.7% versus 0.4% expected -0.6% prior has to be noted. Earlier today, Australia’s final reading of November’s Retail Sales [...]
USD/CAD gains downside momentum. Democrats won effective control of the Senate this week, giving President-elect Joe Biden scope to push through more spending, which analysts say will be negative for bonds and the dollar. In this week, U.S. reported that ISM Manufacturing PMI increased from 57.5 in November to 60.7 in December while analysts believed [...]
Japan coronavirus advisory panel is out with its recommendations on Thursday, as the third wave of the virus grips the economy and threatens to derail its post-pandemic recovery. The panel suggested that a state of emergency declaration is needed for Tokyo and three nearby prefectures from January 8 to February 7. Earlier today, it was [...]
