Monday May 11 FX market update USDJPY in focus
The US Dollar was bullish against all of its major pairs on Monday.
Share this:
Good afternoon,
Monday May 11 FX market update - USD/JPY in focus
The US Dollar was bullish against all of its major pairs on Monday. On the economic data front, no major economic data was released.
On Tuesday, the National Federation of Independent Business's Small Business Optimism Index for April is expected to fall to 84.0 on month, from 96.4 in March. The Bureau of Labor Statistic's Consumer Price Index for April is expected to decline 0.8% on month, from -0.4% in March. Finally, the Monthly Budget Deficit for April is expected to jump to 737.0 billion dollars on month, from 160.3 billion dollars in March.
The Euro was bullish against most of its major pairs with the exception of the CHF and USD. In Europe, there was no major economic data disclosed.
The Australian dollar was bearish against most of its major pairs with the exception of the NZD and JPY.
Regarding major FX pairs,
EUR/USD fell 26pips to 1.0813 the day's range was 1.0803 - 1.0856 compared to 1.0815 - 1.0876 the previous session.
GBP/USD dropped 73pips to 1.2337 the day's range was 1.2283 - 1.2438 compared to 1.2355 - 1.2467 the previous session.
USD/JPY jumped 99pips to 107.64 the day's range was 106.40 - 107.77 compared to 106.22 - 106.75 the previous session.
USD/CHF gained 11pips to 0.9724 the day's range was 0.9696 - 0.9737 compared to 0.9681 - 0.9739 the previous session.
AUD/USD declined 41pips to 0.6491 the day's range was 0.6457 - 0.6561 compared to 0.6493 - 0.6548 the previous session.
USD/CAD rose 86pips to 1.4013 the day's range was 1.3900 - 1.4043 compared to 1.3909 - 1.3996 the previous session.
The dollar index was up 0.43pt to 100.161 the day's range was 99.666 - 100.281 compared to 99.097 - 99.944 the previous session.
FX pair in focus, The USD/JPY pair remains in focus on an intraday chart after having an impressive up-move of almost 100 pips today. In Friday's FX market wrap, we mentioned a continuation higher would be likely after confirming a bottom triangle pattern. The pair continues to climb since Friday's breakout breaking above previous resistance set at 107.20. The pair remains supported by its 20-period moving average in the uptrend. A break below the 20-period MA and key support at 107.50 could signal a trend reversal.
Source: GAIN Capital, TradingView
Happy trading.
Monday May 11 FX market update - USD/JPY in focus
The US Dollar was bullish against all of its major pairs on Monday. On the economic data front, no major economic data was released.
On Tuesday, the National Federation of Independent Business's Small Business Optimism Index for April is expected to fall to 84.0 on month, from 96.4 in March. The Bureau of Labor Statistic's Consumer Price Index for April is expected to decline 0.8% on month, from -0.4% in March. Finally, the Monthly Budget Deficit for April is expected to jump to 737.0 billion dollars on month, from 160.3 billion dollars in March.
The Euro was bullish against most of its major pairs with the exception of the CHF and USD. In Europe, there was no major economic data disclosed.
The Australian dollar was bearish against most of its major pairs with the exception of the NZD and JPY.
Regarding major FX pairs,
EUR/USD fell 26pips to 1.0813 the day's range was 1.0803 - 1.0856 compared to 1.0815 - 1.0876 the previous session.
GBP/USD dropped 73pips to 1.2337 the day's range was 1.2283 - 1.2438 compared to 1.2355 - 1.2467 the previous session.
USD/JPY jumped 99pips to 107.64 the day's range was 106.40 - 107.77 compared to 106.22 - 106.75 the previous session.
USD/CHF gained 11pips to 0.9724 the day's range was 0.9696 - 0.9737 compared to 0.9681 - 0.9739 the previous session.
AUD/USD declined 41pips to 0.6491 the day's range was 0.6457 - 0.6561 compared to 0.6493 - 0.6548 the previous session.
USD/CAD rose 86pips to 1.4013 the day's range was 1.3900 - 1.4043 compared to 1.3909 - 1.3996 the previous session.
The dollar index was up 0.43pt to 100.161 the day's range was 99.666 - 100.281 compared to 99.097 - 99.944 the previous session.
FX pair in focus, The USD/JPY pair remains in focus on an intraday chart after having an impressive up-move of almost 100 pips today. In Friday's FX market wrap, we mentioned a continuation higher would be likely after confirming a bottom triangle pattern. The pair continues to climb since Friday's breakout breaking above previous resistance set at 107.20. The pair remains supported by its 20-period moving average in the uptrend. A break below the 20-period MA and key support at 107.50 could signal a trend reversal.
Source: GAIN Capital, TradingView
Happy trading.
Good afternoon,
Monday May 11 FX market update - USD/JPY in focus
The US Dollar was bullish against all of its major pairs on Monday. On the economic data front, no major economic data was released.
On Tuesday, the National Federation of Independent Business's Small Business Optimism Index for April is expected to fall to 84.0 on month, from 96.4 in March. The Bureau of Labor Statistic's Consumer Price Index for April is expected to decline 0.8% on month, from -0.4% in March. Finally, the Monthly Budget Deficit for April is expected to jump to 737.0 billion dollars on month, from 160.3 billion dollars in March.
The Euro was bullish against most of its major pairs with the exception of the CHF and USD. In Europe, there was no major economic data disclosed.
The Australian dollar was bearish against most of its major pairs with the exception of the NZD and JPY.
Regarding major FX pairs,
EUR/USD fell 26pips to 1.0813 the day's range was 1.0803 - 1.0856 compared to 1.0815 - 1.0876 the previous session.
GBP/USD dropped 73pips to 1.2337 the day's range was 1.2283 - 1.2438 compared to 1.2355 - 1.2467 the previous session.
USD/JPY jumped 99pips to 107.64 the day's range was 106.40 - 107.77 compared to 106.22 - 106.75 the previous session.
USD/CHF gained 11pips to 0.9724 the day's range was 0.9696 - 0.9737 compared to 0.9681 - 0.9739 the previous session.
AUD/USD declined 41pips to 0.6491 the day's range was 0.6457 - 0.6561 compared to 0.6493 - 0.6548 the previous session.
USD/CAD rose 86pips to 1.4013 the day's range was 1.3900 - 1.4043 compared to 1.3909 - 1.3996 the previous session.
The dollar index was up 0.43pt to 100.161 the day's range was 99.666 - 100.281 compared to 99.097 - 99.944 the previous session.
FX pair in focus, The USD/JPY pair remains in focus on an intraday chart after having an impressive up-move of almost 100 pips today. In Friday's FX market wrap, we mentioned a continuation higher would be likely after confirming a bottom triangle pattern. The pair continues to climb since Friday's breakout breaking above previous resistance set at 107.20. The pair remains supported by its 20-period moving average in the uptrend. A break below the 20-period MA and key support at 107.50 could signal a trend reversal.
Source: GAIN Capital, TradingView
Happy trading.
Monday May 11 FX market update - USD/JPY in focus
The US Dollar was bullish against all of its major pairs on Monday. On the economic data front, no major economic data was released.
On Tuesday, the National Federation of Independent Business's Small Business Optimism Index for April is expected to fall to 84.0 on month, from 96.4 in March. The Bureau of Labor Statistic's Consumer Price Index for April is expected to decline 0.8% on month, from -0.4% in March. Finally, the Monthly Budget Deficit for April is expected to jump to 737.0 billion dollars on month, from 160.3 billion dollars in March.
The Euro was bullish against most of its major pairs with the exception of the CHF and USD. In Europe, there was no major economic data disclosed.
The Australian dollar was bearish against most of its major pairs with the exception of the NZD and JPY.
Regarding major FX pairs,
EUR/USD fell 26pips to 1.0813 the day's range was 1.0803 - 1.0856 compared to 1.0815 - 1.0876 the previous session.
GBP/USD dropped 73pips to 1.2337 the day's range was 1.2283 - 1.2438 compared to 1.2355 - 1.2467 the previous session.
USD/JPY jumped 99pips to 107.64 the day's range was 106.40 - 107.77 compared to 106.22 - 106.75 the previous session.
USD/CHF gained 11pips to 0.9724 the day's range was 0.9696 - 0.9737 compared to 0.9681 - 0.9739 the previous session.
AUD/USD declined 41pips to 0.6491 the day's range was 0.6457 - 0.6561 compared to 0.6493 - 0.6548 the previous session.
USD/CAD rose 86pips to 1.4013 the day's range was 1.3900 - 1.4043 compared to 1.3909 - 1.3996 the previous session.
The dollar index was up 0.43pt to 100.161 the day's range was 99.666 - 100.281 compared to 99.097 - 99.944 the previous session.
FX pair in focus, The USD/JPY pair remains in focus on an intraday chart after having an impressive up-move of almost 100 pips today. In Friday's FX market wrap, we mentioned a continuation higher would be likely after confirming a bottom triangle pattern. The pair continues to climb since Friday's breakout breaking above previous resistance set at 107.20. The pair remains supported by its 20-period moving average in the uptrend. A break below the 20-period MA and key support at 107.50 could signal a trend reversal.
Source: GAIN Capital, TradingView
Happy trading.
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
USD/JPY outlook: Hawkish Fed recalibration pressures the yen
Stronger US growth momentum and rising Treasury yields are keeping USD/JPY pointed higher, even as Japanese policymakers try to limit the pressure building across domestic markets.
AUD/USD Crushed Ahead of Jobs Report as US Dollar, Yields Surge
AUD/USD slumps towards 70c as surging US yields and a stronger dollar overshadow Australian jobs data and the RBA outlook.
USD/MXN Forecast: Peso Loses Momentum Ahead of Banxico Decision
Over recent trading sessions, the Mexican peso has started to show signs of losing strength against the U.S. dollar. This can be seen in the performance of USD/MXN, which has gained more than 1.7% over the last three sessions, highlighting the dollar's renewed strength against the peso.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.