So far, February has been a choppy period for USD/JPY. Having rallied since the start of the year, the Japanese Yen (JPY) succumbed to profit taking earlier this month only to rebound in recent sessions, Rabobank’s FX analyst Jane Foley notes. USD/JPY is on course to the December low in the 148.65 area “Yesterday USD/JPY … Read more
Walmart earnings on Thursday are top focus of Dow Jones traders this week. Wall Street expects $0.65 in adjusted EPS for Q4. WMT stock has risen 85% over the past year. Revenue is expected to reach $179 billion in Q4. Walmart (WMT) is among the major concerns offering earnings results this week and the … Read more
US Dollar (USD) is likely to trade in a range between 7.2500 and 7.2780 vs the Chinese Yuan (CNH). In the longer run, increase in momentum suggests USD could decline to the major support at 7.2300, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Above 7.2960, USD/CNH to stop targeting the downside … Read more
Gold comfortably drives above $2,900 halfway through the European trading session on Tuesday. Market are on the lookout for headlines from Saudi Arabia where US and Russian officials are meeting. A daily close above $2,910 could put Gold on track for a new all-time high this week. Gold’s price (XAU/USD) is flirting with a near 0.50% gain … Read more
USD/CHF gives up intraday gains and falls back to near 0.9000 as the US Dollar struggles to hold recovery. Fed officials expect that the current monetary policy is in the right place. The SNB could opt for negative interest rates to avoid risks of inflation remaining persistently lower. The USD/CHF pair surrenders its intraday gains … Read more
Euro (EUR) is expected to consolidate vs the US Dollar (USD) in a 1.0455/1.0505 range. In the longer run, outlook for EUR is positive, with a technical target of 1.0530, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Outlook for EUR looks positive 24-HOUR VIEW: “We indicated yesterday that ‘the combination of … Read more