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Monthly archive January, 2016

USD/JPY Higher on BOJ’s ’Shock and Awe’ Policy – Will it Last?

Talking Points: - USD/JPY jumps through ¥121.00 after BOJ surprises markets. - Recently BOJ Governor Kuroda said negative rates were unlikely. - Follow trader sentiment in USD/CAD with live DailyFX SSI updates. Be sure to join me and Currency Analyst James Stanley today at Read More →

EUR/USD Rebound to Gather Pace on Lackluster U.S. GDP, PCE

- 4Q U.S. GDP to Expand Annualized 0.8%- Slowest Rate of Growth Since 1Q 2015. - Core Personal Consumption Expenditure (PCE) to Slow for Second Consecutive Quarter. Trading the News: U.S. Gross Domestic Product (GDP) The advance 4Q U.S. Gross Domestic Product (GDP) Read More →

Markets Cheer BOJ Easing But US GDP Data May Cool Optimism

Talking Points: Yen drops as Bank of Japan shocks markets with negative rate policy Australian, NZ Dollars follow stocks higher on firming risk appetite US Dollar may rise as sentiment sours if US GDP data outperforms The Japanese Yen underperformed in overnight trade after Read More →

Japan Negative Rate Spooks Gold, Rumored OPEC Cut Supports Oil

Talking Points: Gold traded choppy as Bank of Japan’s negative interest rate startled safe havens flows Oil calmed from rally though supported by Russian’s news that OPEC will meet to curtail production Copper traded flat, China’s Manufacturing PMI on Monday will reveal demand Read More →

USDOLLAR Stands at Key Juncture Ahead of 4Q GDP Report

Talking Points: - USDOLLAR Under Pressure- Downside Targets in Focus Ahead of 4Q GDP Report. - USD/JPY Outlook Hinges on BoJ Rate Decision- Will Governor Kuroda Surprise? - NZDUSD Range Unscathed by RBNZ; China PMI’s, New Zealand Employment on Tap. For more updates, sign Read More →

Chinese Media Continue to Defend Yuan, HKD against Short Speculation

This daily digest focuses on market sentiment, new developments in China’s foreign exchange policy, changes in financial market regulations and Chinese-language economic coverage in order to keep DailyFX readers up-to-date on news typically covered only in Chinese-language sources. - China’s Premier Read More →