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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 on the week, but trading easily remained within the range of the last two months. With weak US stat...
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 China's 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 Nakhjavani, partner of emerging markets with MRB Partners, in a recent research note. Purchasing Mana...
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 plunge in bond prices and a concomitant surge in yields. June’s minutes, which will likely include a d...
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