According to preliminary data for JPY futures markets from CME Group, open interest increased by around 5.3K contracts on Thursday. In the same direction, volume went up by around 59.4K contracts, prolonging the choppy activity. USD/JPY faces downside risks Thursday’s drop in USD/JPY was on the back of rising open interest and volume in the
Westpac called 0.6785 for the kiwi dollar, post is here: And, check this out as part of their reasoning: Most of the directional changes have been caused by the USD, rather than local NZ events,  Which is spot on considering the final boost for the NZD was due to the perception of comments from  New York
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Bloomberg has reported that The House blocked a Democratic member’s bid to impeach President Donald Trump amid resistance from Speaker Nancy Pelosi and other Democratic leaders. In a 332-95 vote Wednesday, the House refused to advance Texas Democrat Al Green’s impeachment resolution that cited the president’s tweets against four freshman House Democrats, all women of
No change from yesterday’s estimate The Atlanta Fed GDPNow estimate for 2Q GDP growth remained unchanged at 1.6% (vs. the estimate yesterday).  IN their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2019 is 1.6 percent on July 17, unchanged from July 16. After this morning’s
Karen Jones, analyst at Commerzbank, points out that EUR/USD pair has sold off yesterday and attention has reverted to the March and mid-June lows at 1.1181/76, while these hold the downside, an upside bias will prevail. Key Quotes “We should then see recovery towards the 200 day moving average and early June high at 1.1320/48.
James Knightley, chief international economist at ING, notes that the US June retail sales look very strong with the “core” retail sales control group rising 0.7% month-on-month (consensus 0.3%) with upward revisions to the history. Key Quotes “Headline sales rose a more modest 0.4% (consensus 0.2%), but even this is a firm figure that suggests