Japanese Yen
The greenback was bid on Monday and the pair briefly jumped above the ¥102 level, with further gains likely. London - The USD/JPY pair drifted higher during the London session on Monday and was trading 0.3% stronger around ¥102.30. The greenback surged on Friday after positive US non-farm payrolls. The US...
Bonds
Friday’s employment report suggested a solid improvement in the US labour market. The US economy added 255’000 nonfarm jobs in July; the wages grew by 0.3% month-on-month. The greenback rallied across the board as the probability of a Federal Reserve (Fed) rate hike by December rose to 46.7%. The S&P500...
Oil traders were lamenting the imminent demise of their main communication tool, Yahoo Messenger, which has been an industry standard since the late 1990s. To some traders' surprise, the software was still operating and in use during New York trading hours on Friday, even though Yahoo Inc had set August 5...
Gold futures were under pressure on Friday after the strong nonfarm payrolls release, while the US dollar index bounced up. New York - Bullion fell sharply on Friday as investors responded to the highly upbeat July nonfarm payrolls report. According to the Bureau of Labor Statistics, the US private sector created...
Euro Dollar Currency
The single currency was trading above the crucial 200DMA, but volatility is expected to be lower on Monday due to the lack of data. London - The euro-dollar pair was trading flattish during the London session on Monday and was seen around $1.1085, with bulls trying to defend the 200-day...
Reserve Bank of New Zealand
The Kiwi Dollar began to slide slightly last week despite an excellent Global Dairy Prices Index result having generated some significant momentum early on. The bearish week came largely as a result of stronger than anticipated US employment data which saw sentiment return to the Greenback. Going forward however,...
US Dollar Japanese Yen
As we suggested last week, the USDJPY rate has continued to consolidate ahead of the key 100.00-level and of course the better dollar sentiment after the payrolls report will help sustain that this week. The only development in Japan today on the markets side was the release of the “Summary...
Jerome Powell
The U.S. economy is at increasing risk of becoming trapped in a prolonged phase of slow growth that points to the need for lower interest rates than previously expected, Federal Reserve policymaker Jerome Powell was quoted as saying. Powell, a member of the Federal Reserve Board of Governors, told the...
Amazon
Japan's Fair Trade Commission has raided the office of Amazon Japan on suspicion of pressuring retailers to offer products on more favourable conditions than on rival sites, the Nikkei business daily reported on Monday. The paper did not say when the raid took place. Amazon Japan is suspected of imposing conditions on...
Asian Stocks
Asian stocks rose to one-year highs and the Australian dollar climbed on Monday as investors' hunt for yield gathered momentum against a backdrop of a recovering U.S. economy and ultra-easy easy global monetary policy conditions. While the strong July U.S. payrolls data raised hopes the world's biggest economy may have...