USD/JPY crashes under 106 on helicopter denial

Never believe a rumor until it is officially denied? Well, markets currently buy the denial with USD/JPY crashing under 106 on a denial that helicopter money is on the cards. However, we know that this topic has been discussed with former Fed Chair Ben Bernanke. But now, BOJ governor Kuroda says that outright printing of money or […]

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UK retail sales disappoint with -0.9% – GBP/USD falls

The Brexit effect might already be felt: retail sales dropped 0.9% in June, worse than expected. Year over year, a rise of only 4.3% was recorded. Core sales also fell 0.9% and rose 3.9% y/y. All figures fell short. Publis Sector Net Borrowing came out at 7.3 billion, better than a bigger deficit of 9.3 […]

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USD/JPY settles above 107 on more helicopter / stimulus talk

Expectations are rising on both the fiscal and monetary fronts in Japan. Actually, they may be combined. Last week, Ben Bernanke’s visit to Tokyo inspired incessant talk about helicopter money, or technically put “perpetual bonds”. The freshly printed money would be used for a stimulus program worth 10 trillion yen. And now there is talk about 20 […]

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USD/JPY: Top-End Of Range Into BoJ Then Bust: Get Ready To Sell – Barclays

Expectations for helicopter money hurt the yen. Is the BOJ about to shower the cash? Or will they disappoint once again? The team at Barclays picks the latter and explains below. We think they could wait for after the elections in the US: Here is their view, courtesy of eFXnews: In the near term, we expect […]

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ECB Preview: Will Draghi pre-announce September stimulus? [Video]

The European Central Bank is under pressure: the impact of Brexit on the euro-zone economies, the lack of improvement on inflation, the crisis in banks in his home country and the scarcity of bonds up for buying are all headaches for the Frankfurt based institute. No change in policy is expected, with investors’ eyes already […]

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Tension growing towards key Brexit numbers and the ECB [Video]

After the USD continued its gradual advance, the focus returns to the old continent. A long list of figures from the UK could give us a view on post-Brexit Britain. GBP remains quite volatile two weeks ahead of the “real” BOE meeting. Also the other big event of the week is upon us: the ECB […]

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Brexit? What Brexit? BOE survey shows less reasons to worry

The Bank of England has released its report concerning business conditions in July. According to the regional agents, uncertainty has markedly risen. However, consumers are still A-OK. Most firms do not expect an impact on investment nor on hiring, at least not in the near term. Worries come from a third of contacts. They said that […]

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UK job figures look good (pre Brexit) – GBP rises

The unemployment rate in the UK dropped to 4.9% in May, better than a no-change figure expected at 5%. Average earnings came out at 2.3%, higher than in April and as expected and excluding bonuses, it came out at 2.2%, slightly below 2.3% expected. Jobless claims for June, the month that saw the referendum ,also came out […]

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Turbulence is back – Live Market Open @ 7:00 GMT

Markets are in action once again with growing uncertainty about Britain’s next steps, the ECB and other events. It seems that the calm belongs to the past. Join me for a live market open, hosted by FXStreet: walking though recent developments and their impact on currencies, going through charts of majors, minors and crosses, previewing the […]

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