We could see higher volatility today in the morning on USD/JPY pair. The pairing has been moving slightly downwards to the detriment of the dollar namely due to figures released from the U.S both coming out on one hand positive in regards to U.S housing permits and slightly negative in regards to U.S consumer sentiment. Such figures that were released from the U.S did not necessarily give traders and investors a clear and forward indication as to the economic health of the economy. One must take note that the continued tensions between Russia and the Ukraine and violence in Vietnam due to anti China sentiment has given the Japanese yen a boost however traders and investors remain cautious as to leaning heavily towards the yen as a safe haven currency. It is also important to note the Core machinery Orders in Japan released results that were better than expected yesterday reaffirming slight strength in the yen. There are no financial events today that may directly affect the USD/JPY.
Looking on the stock sector we can see that Fiat fell to its lowest price since February 11th. We can trade right now its rebound or break out. Axis bank is increasing by 5.80% as the Indian stocks are spurred by great economic data.
Today’s main events:
07.00 GMT: EUR – German Buba President Weidmann Speaks – Deutsche Bundesbank (Buba) president Jens Weidmann is to speak. As president of the Bundesbank and a member of the ECB, which controls key short term interest rates, Weidmann has some influence over the EUR value.
May 19, 2014 – Daily Market News
Hot Asset For Today: USD, WTI
We could see higher volatility today in the morning on USD/JPY pair. The pairing has been moving slightly downwards to the detriment of the dollar namely due to figures released from the U.S both coming out on one hand positive in regards to U.S housing permits and slightly negative in regards to U.S consumer sentiment. Such figures that were released from the U.S did not necessarily give traders and investors a clear and forward indication as to the economic health of the economy. One must take note that the continued tensions between Russia and the Ukraine and violence in Vietnam due to anti China sentiment has given the Japanese yen a boost however traders and investors remain cautious as to leaning heavily towards the yen as a safe haven currency. It is also important to note the Core machinery Orders in Japan released results that were better than expected yesterday reaffirming slight strength in the yen. There are no financial events today that may directly affect the USD/JPY.
Looking on the stock sector we can see that Fiat fell to its lowest price since February 11th. We can trade right now its rebound or break out. Axis bank is increasing by 5.80% as the Indian stocks are spurred by great economic data.
Today’s main events:
07.00 GMT: EUR – German Buba President Weidmann Speaks – Deutsche Bundesbank (Buba) president Jens Weidmann is to speak. As president of the Bundesbank and a member of the ECB, which controls key short term interest rates, Weidmann has some influence over the EUR value.
Related Posts: