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Geopolitical tensions abate, but safe havens remain poised for further potential gains

James Chen, CMT August 14, 2017 12:52 PM

The intense, threat-filled rhetoric between North Korea and the US that pulled down equity markets and pushed up safe-haven demand last week toned down a notch over the weekend, putting investors at more ease. Senior US officials, including Secretary of State Rex Tillerson and Secretary of Defense James Mattis have appeared to take on a much more di...

TAGS: British Pound, forex, Fundamental Analysis, FX, GBP/JPY, GBPJPY, Japanese yen, Safe haven, Technical Analysis

Yen safety demand prompts key USD/JPY breakdown

James Chen, CMT August 10, 2017 1:24 PM

Though the US dollar was relatively flat on Thursday, USD/JPY made a key breakdown below a confluence of price support as a result of sustained demand for the safe-haven Japanese yen amid rising tensions and saber-rattling between North Korea and the US.

TAGS: forex, Fundamental Analysis, FX, Japanese yen, Safe haven, Technical Analysis, US Dollar, USD/JPY, USDJPY

GBP/JPY pressured as risk concerns heighten

James Chen, CMT August 9, 2017 2:02 PM

Within the past week, sterling has finally begun to show signs of weakening against the US dollar after a prolonged bullish trend. Against the euro, the pound has been steadily falling for the past three months. GBP/JPY has also begun to falter as a weaker pound has combined with heightened safety demand for the Japanese yen amid rising concerns ove...

TAGS: Bank of England, BOE, British Pound, forex, Fundamental Analysis, FX, GBP/JPY, GBPJPY, Japanese yen, Safe haven, Technical Analysis

Gold remains under pressure with little reason to rally

James Chen, CMT June 22, 2017 12:24 PM

Gold prices remained subdued on Thursday during a relatively quiet week in the markets, which have continued to exhibit extremely low volatility. Recently plunging crude oil prices have stoked some market concerns, but crude staged a tentative rebound on Thursday, alleviating some of that market pressure. The past few days have seen gold attempt a r...

TAGS: Crude oil, dollar, Fed, Federal Reserve, Fundamental Analysis, FX, Gold, Interest rates, Safe haven, Technical Analysis, US Dollar

Gold drops to critical support on extended slide

James Chen, CMT June 20, 2017 12:37 PM

The price of gold has been heavily pressured for the past two weeks as commodity prices have generally slumped, the Federal Reserve has signaled more rate hikes, the US dollar has staged a significant relief rebound, and persistent risk appetite in the markets has decreased demand for safety assets like gold. This confluence of factors weighing on t...

TAGS: Central Banks, dollar, Fed, Federal Reserve, forex, Fundamental Analysis, FX, Gold, Interest rates, Safe haven, Technical Analysis, US Dollar

Markets flee back to safety as Trump risks mount

James Chen, CMT May 17, 2017 11:14 AM

After a prolonged risk-on market environment, where it seemed that nothing short of catastrophe could faze investors, this week has finally seen a marked return to elevated risk aversion and higher market volatility. On Wednesday, this risk-off sentiment continued to be driven in large part by US political concerns, after fired FBI Director James Co...

TAGS: forex, Fundamental Analysis, FX, Japanese yen, Risk aversion, Safe haven, Technical Analysis, US Dollar, USD/JPY

Gold still pressured as dollar stays supported and risk appetite remains high

James Chen, CMT May 10, 2017 11:49 AM

A mild shake-up in US markets occurred late on Tuesday after two potential risk events surfaced: President Trump unexpectedly fired FBI Director James Comey, and a North Korean official issued a threat of more nuclear tests. As of Wednesday morning, however, these incidents have not significantly deterred a continuing risk-on market environment and ...

TAGS: dollar, Fed, Federal Reserve, forex, Fundamental Analysis, FX, Gold, Interest rates, Safe haven, Technical Analysis

GBP/JPY approaches critical resistance ahead of Bank of England decision

James Chen, CMT May 9, 2017 2:46 PM

Boosted largely by a sharply extended fall in the Japanese yen, GBP/JPY rose to a new year-to-date high on Tuesday, approaching key resistance around the 148.00 handle and re-testing December’s highs. As Frexit concerns have dissipated for the time being after pro-euro Emmanuel Macron was voted in as President-elect of France over the weekend, curre...

TAGS: Bank of England, Brexit, British Pound, Central Banks, forex, Fundamental Analysis, FX, GBP/JPY, Inflation, Inflation Report, Interest rates, Japanese yen, monetary policy, Safe haven, Technical Analysis, UK Election

USD/JPY extends breakout on dollar comeback, struggling safe-havens

James Chen, CMT May 9, 2017 11:08 AM

With French election risk in the rear-view mirror and earnings-driven US stocks (S&P 500, Nasdaq) having hit new record highs, a prolonged risk-on environment has further taken hold of major financial markets.

TAGS: dollar, forex, Fundamental Analysis, FX, Japanese yen, Safe haven, Technical Analysis, US Dollar, USD/JPY

Macron/Le Pen win French election first round – euro surges

James Chen, CMT April 23, 2017 7:46 PM

With most of the votes for the first round of the French presidential election reported late on Sunday, the outcome has emerged very much as pre-vote polling had suggested. Centrist Emmanuel Macron and far-right candidate Marine Le Pen have been voted through to advance to the second and final round of voting, set for May 7th. Though it was a close ...

TAGS: EU, EUR, EUR/JPY, EUR/USD, EURO, forex, French Election, Fundamental Analysis, FX, Gold, Japanese yen, Safe haven, US Dollar

Euro still resilient despite looming French election risk

James Chen, CMT April 20, 2017 1:53 PM

With just three days before the potentially pivotal first round of the heated French presidential election on Sunday, April 23rd, a resilient euro appears rather oblivious to the risks imposed by the two fiercely anti-EU candidates – Marine Le Pen and Jean-Luc Melenchon. This may be partly due to the narrowly higher poll-standings of centrist candid...

TAGS: EU, EUR, EUR/JPY, EURO, forex, French Election, Fundamental Analysis, FX, Japanese yen, Safe haven

USD/JPY extends plunge to key 108 support on weaker dollar, surging yen

James Chen, CMT April 17, 2017 1:42 PM

A weak US dollar was further pressured last week after key inflation data came out lower than expected, giving rise to concerns that the Federal Reserve may become more hesitant in its current monetary tightening cycle after having hiked interest rates in March.

TAGS: Central Banks, dollar, Fed, Federal Reserve, Fundamental Analysis, Inflation, Interest rates, Japanese yen, Safe haven, Technical Analysis, US Dollar, USD/JPY

Gold sits on major support ahead of key risk events, FOMC

James Chen, CMT March 13, 2017 4:36 PM

Gold is currently trading just above the major $1200 psychological support level on Monday, ahead of a busy week filled with central bank decisions and potential geopolitical risks.

TAGS: Central Banks, dollar, Fed, Federal Reserve, FOMC, forex, Fundamental Analysis, Gold, Interest rates, monetary policy, Safe haven, Technical Analysis, US Dollar

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