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Time-out for siesta after US dollar beat -up
The morning after: US dollar's slaughter yesterday from worse than expected US consumer confidence and Chicago PMI still lingers in the air of the forex market. There is hardly any movement at all in the market during today's Asian session, with most traders feeling exhausted...Can anything reverse the weak USD sentiment now?
Japan's core Consumer Price Index (CPI) rose 0.25 y/y in Sep, less than market's expectation of a 0.3% y/y gain (headline 0.6% y/y rise was within expectation) while the core-core CPI fell 0.5% y/y in...US dollar steadies itself before GDP data
US durable goods came out much better than expected (+ 7.8% vs 2% expected), and this is the biggest increase since 16.3% in June 2000. An added bonus for USD is the better than expected new home sales. Despite...Will USD longs unwind post-FOMC this week?
My guess that the Fed was not going to say anything spectacular was correct, given that past statements also revealed little about their decision. The US Fed has left rates on hold at 5.25% as expected, for the...Kiwi and US dollar awaiting for interest rate decisions
NZD/USD declined sharply upon release of the weaker than expected Consumer Price Index data. Inflation growth rose by 0.7% over Q3 (0.8% expected) vs 1.5% in Q2, and resulting in the annual inflation rate pulling back to 3.5% (3.6% expected) from its record high 4% y/y....The forex market plays a waiting game
The much weaker than expected Richmond Fed manufacturing could not even dent USD bullishness (index -2 vs +8 expected). You can't really be too USD bullish either, because if the FOMC policy statement tomorrow turns out to be less hawkish than expected, the record USD longs...Will Yen carry trades be dampened by the Nikkei Shimbun article?
USD/CHF bounced back from its overnight low of 1.2638 to around 1.2690 on record TICS number, but was unable to break past 1.2700. Today the US Consumer Price Index (which measures inflation) will be out, and as long as USD/CHF stays below 1.2710, which was low of yesterday,...NZD/USD finally breaks out of triangle
The US producer price index (PPI) for finished goods fell by 1.3% in September, the largest since prices fell 1.4% in April 2003, and versus an expected 0.7% decline. TICS came in at a record US$116.8 billion, almost doubling the consensus estimate, but that did not grab...Can Cable bounce back on positive housing data?
UK Rightmove house prices survey shows that asking prices surged 2% month-over-month, bringing the annual rate to 11.5%, and pushing prices to a record high of GBP218,954, beating the previous record of GBP217,580 in July. That marked the fastest pace of annual UK house price...
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