Monday, 11 September 2017
What’s next? – USDJPY 11.09.17
USDJPY
The dollar/yen was down 0.53 percent as of 04:30 GMT on Monday to trade at 108.41, as the greenback gained on the back of a weaker-than-expected hurricane Irma.
Hurricane Irma made landfall in Florida on Sunday morning, cutting energy supplies to almost 2.5 million residents and with more than 5 million people ordered to leave their homes.
The United States is not the first stop of this storm, which left several casualties in the Caribbean over the last week. Yesterday, Irma is a Category 4 storm on the five-step Saffir-Simpson scale and it brought to coast winds of 130 miles per hour.
Earlier in the session, Japanese core machinery orders for July advanced 8.0 percent, against expectations for a 4.4 percent monthly increase. On yearly basis, the benchmark exposed a 7.5 percent decline, while market analysts had predicted a 7.3 percent drop.
The core orders are seen as an indicator of capital spending for the next six to nine months. July’s move was the first rise in four months.
The US dollar index, which gauges the greenback against a basket of six major rivals, was 0.21 percent higher at 91.52 by the time of this writing.
The American currency was also supported as North Korea did not launch a new ballistic missile to celebrate the 69th anniversary of its founding. Last week, South Korean officials said Pyongyang was preparing a new missile test for the upcoming days.
With no relevant data is scheduled today, traders will direct their attention to Thursday’s US inflation data, as well as the Bank of England’s monetary policy and China’s production figures.
Analysts believe the break below the 108.5 mark is a sign of further downward extension that could take the pair as far as 105.0, depending of course in the news context.
Subscribe to:
Post Comments
(
Atom
)
Blog Archive
- August ( 1 )
- July ( 1 )
- June ( 7 )
- May ( 2 )
- April ( 2 )
- March ( 5 )
- February ( 8 )
- January ( 14 )
- December ( 3 )
- November ( 11 )
- October ( 10 )
- September ( 4 )
- August ( 10 )
- July ( 3 )
- June ( 5 )
- May ( 12 )
- April ( 12 )
- March ( 38 )
- February ( 34 )
- January ( 36 )
- December ( 16 )
- November ( 36 )
- October ( 27 )
- September ( 34 )
- August ( 58 )
- July ( 58 )
- June ( 35 )
- May ( 92 )
- April ( 69 )
- March ( 69 )
- February ( 63 )
- January ( 48 )
- December ( 27 )
- November ( 78 )
- October ( 104 )
- September ( 113 )
- August ( 119 )
- July ( 53 )
- June ( 107 )
- May ( 49 )
- April ( 53 )
- March ( 54 )
- February ( 46 )
- September ( 1 )
- August ( 24 )
- October ( 4 )
- September ( 6 )
- August ( 3 )
- July ( 6 )
- June ( 3 )
- May ( 1 )
- April ( 1 )
- March ( 6 )
- February ( 4 )
- January ( 4 )
- December ( 4 )
- November ( 4 )
- October ( 3 )
Labels
- what’s next ( 553 )
- trading signals ( 230 )
- Wall Street ( 197 )
- Crypto ( 174 )
- this is interesting ( 162 )
- company news ( 93 )
- motivation ( 78 )
- weekly outlook ( 64 )
- trading tips ( 52 )
- fundamental review ( 48 )
- politics ( 45 )
- about us ( 43 )
- success tips ( 34 )
- promotion ( 32 )
- Buy ( 14 )
- sell ( 13 )
- how to ( 12 )
- Bonus.Welcome Bonus ( 10 )
- Bonus ( 8 )
- Equities ( 8 )
- RateBattle ( 8 )
- technical analysis ( 8 )
- gold ( 7 )
- stocks ( 7 )
- no deposit bonus ( 6 )
- deposit bonus ( 3 )
- Cash4Signal ( 2 )
- Contest ( 2 )
- Welcome Bonus ( 2 )
- 10% cashback ( 1 )
- Weekly trading ( 1 )
- Weekly trading statistics ( 1 )
- no deposit bonus! ( 1 )
© Fort Financial Services - EN 2017 .
No comments :
Post a Comment