Day: January 9, 2019

January 9
2019

Japanese Yen Strengthens As Longest Expansion Since WWII Nears

The Japanese yen is strengthening against its American counterpart midweek as the world’s third-largest economy is on track for its longest expansion since the Second World War. On the data front, there were plenty of positives to whet the appetite of Japanese investors. With the US-Japan trade negotiations on the horizon, markets may be rallying ahead of the economic storm clouds. In September 2017, the Japanese economy surpassed the 57-month expansion (November 1965 to July 1970), […]

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January 9
2019

Euro Spikes Higher on Dovish Fed Comments Before FOMC Minutes

The euro today spiked higher in the early American session following dovish comments by Atlanta Fed President Raphael Bostic, which drove the US dollar lower. The EUR/USD currency was range bound for most of today’s session despite the release of several macro prints from across the eurozone. The EUR/USD currency pair today spiked from a session low of 1.1438 to a high of 1.1541 breaking the crucial 1.1500 barrier before retracing some of its […]

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January 9
2019

EUR/USD Surges, Maintains Gains After Dovish FOMC Minutes

EUR/USD surged today as dovish comments from US policy makers resulted in doubts whether the Federal Open Market Committee will continue monetary tightening in 2019. FOMC minutes released today added to such doubts as markets considered the notes to be dovish. US crude oil inventories shrank by 1.7 million barrels last week, though the decrease was not as big as 2.4 million predicted by analysts. The stockpiles remained above […]

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