Dollar/yen attempted to move above the cycle high but was rejected. On its way down, it lost the uptrend line of support. The drivers were both political and monetary. The upcoming week features housing data from the US: building permits and housing starts. Also, watch the Philly Fed Manufacturing Index. Echoes from Yellen’s testimony and the inflation report will likely reverberate.In Japan, we have a rate decision by the BOJ. Kuroda ...
Weekly USD/JPY Outlook: 2017, July 09 - July 16 Dollar/yen advanced for the fourth week in a row, extending the rise alongside the uptrend support line. Can it continue further to the upside? It is getting closer to the cycle high of 114.30 and the steep uptrend could be hard to sustain. The upcoming week begins with echoes from the Non-Farm Payrolls report and also the G-20 Summit, including the first meeting between ...
Weekly EUR/USD Outlook: 2017, July 09 - July 16 EUR/USD corrected its previous gains and dropped within the range. What’s next? The upcoming week features a mix of trade, industrial output, and inflation figures. German Trade Balance: Monday, 6:00. The surplus reached 19.8 billion euros in April. The data for May will likely be similar.Sentix Investor Confidence: Monday, 8:30.Industrial Production: Wednesday, 9:00. ...
Weekly Outlook: 2017, July 09 - July 16 The US dollar recovered across the board in a busy start to the second half of the year. Apart from further reactions to the NFP, we have all-important inflation, consumption data, and Janet Yellen’s testimony. US JOLTS Job Openings: Tuesday, 14:00. The Fed has highlighted this report in the past, giving it importance despite the lag.UK jobs report: Wednesday, 8:30. In May, jobless ...
Weekly AUD/USD Outlook: 2017, July 02 - July 09 AUD/USD reversed directions last week and gained 110 points. The pair closed at 0.7683. This week’s key indicators are Retail Sales and the RBA rate statement. AIG Manufacturing Index: Sunday, 19:30MI Inflation Gauge: Sunday, 21:00. The indicator provides analysts with a monthly look at inflation, as CPI is released each quarter. In May, the indicator softened to 0.0%, ...
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