Trade Balance: Tuesday, 23:50 GMT. Japan’s trade balance continues to improve, but the country has not rung up a trade surplus in over two years. The May reading produce a smaller deficit of JPY 0.76 trillion, but this was above the estimate of a JPY 0.63 trillion deficit. The markets are expecting the deficit to… Read more »
The yen weakened for a second day against the dollar before the Federal Reserve starts a two-day meeting today that may provide more information about when the central bank will start to reduce bond purchases. Japan’s currency declined versus all except one of its 16 major counterparts after the central bank estimated the current-account balance… Read more »
The Australian dollar extended this quarter’s biggest decline among major counterparts after the Reserve Bank indicated the currency may weaken further. The Aussie slid against most of its 16 major peers after the minutes from this month’s central bank meeting showed policy makers see room to ease borrowing costs further. Australia’s currency fell for a third… Read more »
The U.S. dollar hovered above a two-month low against the yen on Tuesday but uncertainty ahead of the outcome of the U.S. Federal Reserve meeting is likely to cap further gains. The dollar fetched 94.61 yen in early Asian trade, little changed from late U.S. levels after positing its first gains in five sessions on… Read more »
The yen extended losses against the dollar and the euro while the benchmark Asian stock gauge fluctuated as the Federal Reserve meeting starting today spurs investors to assess prospects for reductions in U.S. economic stimulus. The yen weakened a second day versus the dollar after surging the most since 2009 last week, while the Malaysian… Read more »
UK inflation data: Tuesday, 8:30 GMT. Consumer price inflation dropped sharply in April to 2.4% from 2.8% in March, hitting its lowest level since September last year. The steepest fall occurred in petrol. The overall CPI yearly rate is below the Bank of England’s forecast in its May Inflation Report and may prompt monetary easing… Read more »
The yen weakened versus all of its 16 most-traded counterparts as stocks around the world gained, reflecting reduced haven demand. The dollar advanced versus the Japanese currency before the Federal Reserve starts a two-day policy meeting tomorrow, as investors weigh whether the central bank will curb bond purchases. Australia’s dollar rose against all except one… Read more »
The dollar gained versus the euro and yen before the Federal Reserve starts a two-day policy meeting tomorrow as investors weigh when the central bank will curb bond purchases. The Dollar Index snapped a five-day decline before a report tomorrow that will probably show that the cost of living in the U.S. rose in May… Read more »
Asian stocks rose and the yen retreated after its biggest weekly advance in four years as investors awaited this week’s U.S. Federal Reserve meeting and weighed prospects of reduced economic stimulus. Standard & Poor’s 500 Index futures were up 0.4 percent. The yen weakened against the greenback after rallying the most since July 2009 last week while… Read more »
GBP/USD GBP/USD remains in uptrend as seen on hourly chart. Hourly stochastic and CCI are showing bearish indication. Beware of correction to the support area at 1.5686 – 1.5659. Watch that support area in order to look for buy signal confirmation with target at 1.5703 – 1.5730. Be careful if the support at 1.5659 breaks… Read more »
