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The hoary market cliche ‘never buck the Fed’ found new life this week as markets continued to price in a bond taper despite the huge miss in the US Se

7/30/2021 12:53:39 PM GMT Prospect of higher US interest rates fade on weak data, Fed dovishness. USD/JPY loses 110.00 on Tuesday, stays below on Friday. Technical considerations dominate near-term USD/JPY action, bias weakly lower. FXStreet Forecast Poll expects a near term decline. Prospects for higher US interest rates faded further as poor economic data reinforced the Fed’s cautious view and confirmed the retreat of Treasury yields since the June 16 meeting.   The USD/JPY lost altitude ...

Source:Xinhua 12-07-21 09:25 Updated BJT NEW YORK, July 10 (Xinhua) -- China will continue to be a major contributor to global trade growth in the year ahead thanks to continued strength in Chinas domestic demand and import demand driven by robust export orders, said an expert with investment research firm MRB Partners. "It is clear that China will continue to provide solid support for the global economic expansion for the foreseeable future, driven primarily by consumption," said Mehran Na...

7/7/2021 1:48:11 AM GMT Fed minutes of June 15-16 FOMC may contain clues for taper policy. Suggestions of higher US rates will drive the dollar and Treasury yields higher. Federal Reserve rhetoric continues to stress the incomplete job recovery. Treasury rates have fallen since the June 16 meeting but the dollar has gained. The minutes of the April FOMC meeting were the opening move in the Fed’s long gambit to introduce higher interest rates without creating an economically destabilizing plun...

Nonfarm Payrolls in the US was the event of the week and it did not disappoint. The USD/JPY was poised for gains on Friday morning at 110.11 in New Yo

Taper tantrum – this fear of tightening from the Federal Reserve has been supporting the dollar and overwhelming markets, at least until jobs data mis

What happened to April payrolls? No one is quite sure.  One possibility is that the BLS seasonal adjustment was far off the mark.The unadjusted Nonfarm Payrolls number was 1.089 million. A seasonal adjustment designed to smooth out recurring monthly swings reduced it to the issued figure of 266,000. These revisions are based on the historical record.  Do assumptions founded in normal seasonal hiring patterns have any predictive value for a time frame as unusual as the past 15 months? In a nor...

Following GBP/USD Weekly Forecast: Can Americas cooldown send sterling above 1.40? UK GDP, US consumer eyedANALYSIS | 5/7/2021 3:12:46 PM GMT GBP/USD has bounced as the BOE upgraded its outlook and horrible US jobs figures. UK GDP and US consumer figures promise another busy week in cable. Early Mays daily chart shows bears are gaining some ground.  The FX Poll is pointing to short-term falls before and upswing later.  Something is more than not...

May 10, 2021 08:18 GMTForex News GBP/USD has bounced as the BOE upgraded its outlook and horrible US jobs figures. UK GDP and US consumer figures promise another busy week in cable. Early May’s daily chart shows bears are gaining some ground.  The FX Poll is pointing to short-term falls before and upswing later.  Something is more than nothing – the Bank of England monetary policy tweak has pushed up the pound, while concerns about road bumps in the US economy have kept the dollar from st...

5/7/2021 6:56:46 AM GMT EUR/USD has been drifting off the highs it reached on Thursday as markets await US Nonfarm Payrolls.  Disappointing figures in the buildup to the report have lowered expectations.  The vaccination campaign, reopening and President Bidens post-NFP presser point to an upside surprise.  Fridays four-hour chart is painting a mixed picture. Goldilocks – signs that the US economy is exiting melt-up conditions and entering into a "not too hot, not too cold" scenario may ha...