FXStreet (Mumbai) - The USD/CNY pair ticked moderately higher on Friday as trading desks cited increased demand for foreign currency ahead of the next week’s long Lunar New Year holiday. The People’s Bank of China set the midpoint rate at 6.5557 per dollar prior today; which is 0.02% firmer than the previous fix of 6.5572. The offshore yuan was trading 0.40% weaker than the onshore spot at 6.6059 per dollar. IMF demands more clarity Chinese officials at the World Economic Forum in Davos, Switzerland last week said the government has no intention to undertake the competitive devaluation of Yuan. However, International Monetary Fund Managing Director Christine Lagarde called for more clarity on how Chinese authorities are managing their currency. The USD/CNY pair ticked moderately higher on Friday as trading desks cited increased demand for foreign currency ahead of the next week’s long Lunar New Year holiday. (Market News Provided by FXstreet)Запись USD/CNY ticks higher on dollar demand ahead of New Year holiday впервые появилась Forex.
USD/CNY ticks higher on dollar demand ahead of New Year holiday
FXStreet (Mumbai) - The USD/CNY pair ticked moderately higher on Friday as trading desks cited increased demand for foreign currency ahead of the next week’s long Lunar New Year holiday. The People’s Bank of China set the midpoint rate at 6.5557 per dollar prior today; which is 0.02% firmer than the previous fix of 6.5572. The offshore yuan was trading 0.40% weaker than the onshore spot at 6.6059 per dollar. IMF demands more clarity Chinese officials at the World Economic Forum in Davos, Switzerland last week said the government has no intention to undertake the competitive devaluation of Yuan. However, International Monetary Fund Managing Director Christine Lagarde called for more clarity on how Chinese authorities are managing their currency. The USD/CNY pair ticked moderately higher on Friday as trading desks cited increased demand for foreign currency ahead of the next week’s long Lunar New Year holiday. (Market News Provided by FXstreet)Запись USD/CNY ticks higher on dollar demand ahead of New Year holiday впервые появилась Forex.
USD/JPY: Yen bid in Asia, near 118.70
FXStreet (Mumbai) - The yen manages to keep the upper hand over its American counterpart in Asia, keeping USD/JPY in the red below 119 handle.
USD/JPY regains daily pivot at 118.64The USD/JPY pair trades -0.08% lower at 118.69, having failed once again at 118.86 – daily highs. After a 2-day extensive slide, the JPY bulls jump back on the bids and tries to regain lost footing as the risk-on rally in the equities keeps the downside cushioned in the USD/JPY pair. The Nikkei 225 rallies +1.11%, while the ASX 200 closed +1.80%.The yen strengthened across the board after the BOJ Governor Kuroda’s speech last Friday offered no hints on further stimulus, squashing hopes of BOJ easing at the policy review meeting this week. Moreover, upbeat Japan’s trade figures also boosted the sentiment around the yen, stalled the recent bullish run in USD/JPY and pushed it lower. Japan’s trade balance was in surplus by ¥140.2 billion in December after recording a deficit of ¥379.72 billion in November. While reports from a href=”http://www.fxstreet.com/news/forex-news/article.aspx?storyid=e83e465b-2865-4bac-bb23-8c84a5fb1682“>CFTC that yen bullish bets have reached a four-year high last week further added to the downside pressure in the major.Focus now remains on Wednesday’s FOMC statement ahead of Fridays’ BOJ decision for further momentum on the pair.
USD/JPY Technical levels to watchIn terms of technicals, the immediate resistance is located at 119 (round number). A break above the last, the major could test 119.17 (Jan 6 High). While to the downside, the immediate support is located at 118.22/14 (Jan 6 Low/5-DMA) below which 117.78 (10-DMA) would be tested. The yen manages to keep the upper hand over its American counterpart in Asia, keeping USD/JPY in the red below 119 handle.
(Market News Provided by FXstreet)Запись USD/JPY: Yen bid in Asia, near 118.70 впервые появилась Forex.The post USD/JPY: Yen bid in Asia, near 118.70 appeared first on Forex.
USD/CNY ticks higher on dollar demand ahead of New Year holiday
FXStreet (Mumbai) - The USD/CNY pair ticked moderately higher on Friday as trading desks cited increased demand for foreign currency ahead of the next week’s long Lunar New Year holiday. The People’s Bank of China set the midpoint rate at 6.5557 per dollar prior today; which is 0.02% firmer than the previous fix of 6.5572. The offshore yuan was trading 0.40% weaker than the onshore spot at 6.6059 per dollar. IMF demands more clarity Chinese officials at the World Economic Forum in Davos, Switzerland last week said the government has no intention to undertake the competitive devaluation of Yuan. However, International Monetary Fund Managing Director Christine Lagarde called for more clarity on how Chinese authorities are managing their currency. The USD/CNY pair ticked moderately higher on Friday as trading desks cited increased demand for foreign currency ahead of the next week’s long Lunar New Year holiday. (Market News Provided by FXstreet)Запись USD/CNY ticks higher on dollar demand ahead of New Year holiday впервые появилась Forex.
USD/CNY ticks higher on dollar demand ahead of New Year holiday
FXStreet (Mumbai) - The USD/CNY pair ticked moderately higher on Friday as trading desks cited increased demand for foreign currency ahead of the next week’s long Lunar New Year holiday. The People’s Bank of China set the midpoint rate at 6.5557 per dollar prior today; which is 0.02% firmer than the previous fix of 6.5572. The offshore yuan was trading 0.40% weaker than the onshore spot at 6.6059 per dollar. IMF demands more clarity Chinese officials at the World Economic Forum in Davos, Switzerland last week said the government has no intention to undertake the competitive devaluation of Yuan. However, International Monetary Fund Managing Director Christine Lagarde called for more clarity on how Chinese authorities are managing their currency. The USD/CNY pair ticked moderately higher on Friday as trading desks cited increased demand for foreign currency ahead of the next week’s long Lunar New Year holiday. (Market News Provided by FXstreet)Запись USD/CNY ticks higher on dollar demand ahead of New Year holiday впервые появилась Forex.
USD/CNY ticks higher on dollar demand ahead of New Year holiday
FXStreet (Mumbai) - The USD/CNY pair ticked moderately higher on Friday as trading desks cited increased demand for foreign currency ahead of the next week’s long Lunar New Year holiday. The People’s Bank of China set the midpoint rate at 6.5557 per dollar prior today; which is 0.02% firmer than the previous fix of 6.5572. The offshore yuan was trading 0.40% weaker than the onshore spot at 6.6059 per dollar. IMF demands more clarity Chinese officials at the World Economic Forum in Davos, Switzerland last week said the government has no intention to undertake the competitive devaluation of Yuan. However, International Monetary Fund Managing Director Christine Lagarde called for more clarity on how Chinese authorities are managing their currency. The USD/CNY pair ticked moderately higher on Friday as trading desks cited increased demand for foreign currency ahead of the next week’s long Lunar New Year holiday. (Market News Provided by FXstreet)Запись USD/CNY ticks higher on dollar demand ahead of New Year holiday впервые появилась Forex.
USD/JPY: Yen bid in Asia, near 118.70
FXStreet (Mumbai) - The yen manages to keep the upper hand over its American counterpart in Asia, keeping USD/JPY in the red below 119 handle.
USD/JPY regains daily pivot at 118.64The USD/JPY pair trades -0.08% lower at 118.69, having failed once again at 118.86 – daily highs. After a 2-day extensive slide, the JPY bulls jump back on the bids and tries to regain lost footing as the risk-on rally in the equities keeps the downside cushioned in the USD/JPY pair. The Nikkei 225 rallies +1.11%, while the ASX 200 closed +1.80%.The yen strengthened across the board after the BOJ Governor Kuroda’s speech last Friday offered no hints on further stimulus, squashing hopes of BOJ easing at the policy review meeting this week. Moreover, upbeat Japan’s trade figures also boosted the sentiment around the yen, stalled the recent bullish run in USD/JPY and pushed it lower. Japan’s trade balance was in surplus by ¥140.2 billion in December after recording a deficit of ¥379.72 billion in November. While reports from a href=”http://www.fxstreet.com/news/forex-news/article.aspx?storyid=e83e465b-2865-4bac-bb23-8c84a5fb1682“>CFTC that yen bullish bets have reached a four-year high last week further added to the downside pressure in the major.Focus now remains on Wednesday’s FOMC statement ahead of Fridays’ BOJ decision for further momentum on the pair.
USD/JPY Technical levels to watchIn terms of technicals, the immediate resistance is located at 119 (round number). A break above the last, the major could test 119.17 (Jan 6 High). While to the downside, the immediate support is located at 118.22/14 (Jan 6 Low/5-DMA) below which 117.78 (10-DMA) would be tested. The yen manages to keep the upper hand over its American counterpart in Asia, keeping USD/JPY in the red below 119 handle.
(Market News Provided by FXstreet)Запись USD/JPY: Yen bid in Asia, near 118.70 впервые появилась Forex.
USD/JPY: Yen bid in Asia, near 118.70
FXStreet (Mumbai) - The yen manages to keep the upper hand over its American counterpart in Asia, keeping USD/JPY in the red below 119 handle.
USD/JPY regains daily pivot at 118.64The USD/JPY pair trades -0.08% lower at 118.69, having failed once again at 118.86 – daily highs. After a 2-day extensive slide, the JPY bulls jump back on the bids and tries to regain lost footing as the risk-on rally in the equities keeps the downside cushioned in the USD/JPY pair. The Nikkei 225 rallies +1.11%, while the ASX 200 closed +1.80%.The yen strengthened across the board after the BOJ Governor Kuroda’s speech last Friday offered no hints on further stimulus, squashing hopes of BOJ easing at the policy review meeting this week. Moreover, upbeat Japan’s trade figures also boosted the sentiment around the yen, stalled the recent bullish run in USD/JPY and pushed it lower. Japan’s trade balance was in surplus by ¥140.2 billion in December after recording a deficit of ¥379.72 billion in November. While reports from a href=”http://www.fxstreet.com/news/forex-news/article.aspx?storyid=e83e465b-2865-4bac-bb23-8c84a5fb1682“>CFTC that yen bullish bets have reached a four-year high last week further added to the downside pressure in the major.Focus now remains on Wednesday’s FOMC statement ahead of Fridays’ BOJ decision for further momentum on the pair.
USD/JPY Technical levels to watchIn terms of technicals, the immediate resistance is located at 119 (round number). A break above the last, the major could test 119.17 (Jan 6 High). While to the downside, the immediate support is located at 118.22/14 (Jan 6 Low/5-DMA) below which 117.78 (10-DMA) would be tested. The yen manages to keep the upper hand over its American counterpart in Asia, keeping USD/JPY in the red below 119 handle.
(Market News Provided by FXstreet)Запись USD/JPY: Yen bid in Asia, near 118.70 впервые появилась Forex.
USD/JPY: Yen bid in Asia, near 118.70
FXStreet (Mumbai) - The yen manages to keep the upper hand over its American counterpart in Asia, keeping USD/JPY in the red below 119 handle.
USD/JPY regains daily pivot at 118.64The USD/JPY pair trades -0.08% lower at 118.69, having failed once again at 118.86 – daily highs. After a 2-day extensive slide, the JPY bulls jump back on the bids and tries to regain lost footing as the risk-on rally in the equities keeps the downside cushioned in the USD/JPY pair. The Nikkei 225 rallies +1.11%, while the ASX 200 closed +1.80%.The yen strengthened across the board after the BOJ Governor Kuroda’s speech last Friday offered no hints on further stimulus, squashing hopes of BOJ easing at the policy review meeting this week. Moreover, upbeat Japan’s trade figures also boosted the sentiment around the yen, stalled the recent bullish run in USD/JPY and pushed it lower. Japan’s trade balance was in surplus by ¥140.2 billion in December after recording a deficit of ¥379.72 billion in November. While reports from a href=”http://www.fxstreet.com/news/forex-news/article.aspx?storyid=e83e465b-2865-4bac-bb23-8c84a5fb1682“>CFTC that yen bullish bets have reached a four-year high last week further added to the downside pressure in the major.Focus now remains on Wednesday’s FOMC statement ahead of Fridays’ BOJ decision for further momentum on the pair.
USD/JPY Technical levels to watchIn terms of technicals, the immediate resistance is located at 119 (round number). A break above the last, the major could test 119.17 (Jan 6 High). While to the downside, the immediate support is located at 118.22/14 (Jan 6 Low/5-DMA) below which 117.78 (10-DMA) would be tested. The yen manages to keep the upper hand over its American counterpart in Asia, keeping USD/JPY in the red below 119 handle.
(Market News Provided by FXstreet)Запись USD/JPY: Yen bid in Asia, near 118.70 впервые появилась Forex.
GBP/USD struggling to hold 1.43 handle
FXStreet (Mumbai) - The cable was one of the best performers in Asia and witnessed a 60-pips rally from 1.4250 region and now struggles above 1.43 handle.
GBP/USD faces stiff resistance near 1.4310The GBP/USD pair trades 0.28% higher at 1.4304, hovering close to session highs reached at 1.4310 in last hours. After bottoming near 10-DMA at 1.4258, the major staged a solid corrective rally in Asia this Monday as risk-on wave extended, tracking the recovery in oil prices and global equities. The cable regained 1.43 handle and received double booster shot from the broad based US dollar weakness on one hand, while the demand for higher-yielding currencies amid persisting risk-on trades, lifted the bids for the GBP on the other.From a wider perspective, the cable remains under pressure on the back of dovish comments from BOE Governor Carney, massive UK account deficits, lower inflation outlook and uncertainties surrounding a probable Brexit.Markets now await the BOE Carney’s speech due tomorrow ahead of Wednesday’s FOMC statement due on Wednesday, while Thursday’s prelim GDP figures from the UK docket remains one of the key risk events for the GBP in the week ahead.
GBP/USD Levels to considerThe pair has an immediate resistance at 1.4325/41 (Jan 18 & 19 High), above which 1.4364 (Jan 22 High) would be tested. On the flip side, support is seen at 1.4289 (1h 200-SMA) below which it could extend losses to towards 1.4258/47 10 & 5-DMA).The cable was one of the best performers in Asia and witnessed a 60-pips rally from 1.4250 region and now struggles above 1.43 handle.
(Market News Provided by FXstreet)Запись GBP/USD struggling to hold 1.43 handle впервые появилась Forex.
