USD/JPY rose back above 150.00 after the Bank of Japan abolished negative interest rates and yield curve control.
Economists at MUFG Bank analyze Japanese Yen (JPY) outlook after the Bank of Japan (BoJ) policy announcement.
United States Redbook Index (YoY) up to 3.4% in March 15 from previous 3%
The US Dollar (USD) jumped firmly in the green on Tuesday, giving a big thank you to the Japanese Yen. The Yen, which accounts for roughly 13% of the US Dollar Index (DXY), depreciated nearly 1% against the Greenback after the Bank of Japan
Housing Starts in the US rose 10.7% in February to 1.52 million units, the monthly data published by the US Census Bureau revealed on Tuesday.
Canada BoC Consumer Price Index Core (YoY) declined to 2.1% in February from previous 2.4%
Canada Consumer Price Index (MoM) below forecasts (0.6%) in February: Actual (0.3%)
Canada BoC Consumer Price Index Core (MoM) remains at 0.1% in February
United States Housing Starts Change: 10.7% (February) vs -14.8%
The AUD/USD pair faces an intense sell-off as downbeat market sentiment has weakened the appeal of risk-perceived assets.
Canada Consumer Price Index - Core (MoM): -0.1% (February) vs previous 0.1%
Canada Consumer Price Index (YoY) came in at 2.8%, below expectations (3.1%) in February
United States Housing Starts (MoM) came in at 1.521M, above forecasts (1.425M) in February
United States Building Permits Change climbed from previous -1.5% to 1.9% in February
United States Building Permits (MoM) came in at 1.518M, above forecasts (1.495M) in February
GBP/USD trades weaker below support in the low 1.2700s. Economists at Scotiabank analyze the pair’s outlook.
Mexico Private Spending (YoY): 5.1% (4Q) vs 4.3%
Mexico Private Spending (QoQ): 0.9% (4Q) vs previous 1.2%
EUR/USD finds support in the low 1.0800s. Economists at Scotiabank analyze the pair’s outlook.
Natural Gas prices (XNG/USD) are rallying for a second consecutive day on Tuesday towards the key $1.90 resistance level.
USD/JPY traded back above 150.00 after the BoJ exited its Negative Interest Rate Policy (NIRP).
The new Canadian inflation figures for February will be released today.
The EUR/GBP pair jumps to 0.8550 in the European session on Tuesday.
Gold price (XAU/USD) drops to $2,150 in Tuesday’s European session as a strong US Dollar weighs heavily on the precious metal.
The US Dollar Index (DXY) rises to 104.00. Economists at ING analyze Greenback’s outlook.
AUD/USD plunged after the Reserve Bank of Australia (RBA) dropped its tightening bias.
The headline German ZEW Economic Sentiment Index jumped from 19.9 in February to 31.7 in March.
Eurozone ZEW Survey – Economic Sentiment came in at 33.5, above forecasts (25.4) in March
Eurozone Labor Cost declined to 3.4% in 4Q from previous 5.3%
Germany ZEW Survey – Current Situation came in at -80.5, above forecasts (-82) in March
Germany ZEW Survey – Economic Sentiment above expectations (20.5) in March: Actual (31.7)
EUR/USD declines by five hundredths of a percent into the mid 1.0800s on Tuesday, before the big event of the week in Forex, the Federal Reserve’s (Fed) March meeting policy announcement.
EUR/CHF is flying high at 0.9660. Economists at ING analyze the Swiss Franc (CHF) outlook ahead of the SNB meeting on Thursday.
West Texas Intermediate (WTI) oil price slightly retreats to near $81.80 per barrel during European trading hours on Tuesday.
AUD/USD dropped after the Reserve Bank of Australia (RBA) removed its tightening bias.
European Central Bank (ECB) policymaker Pablo Hernandez de Cos said on Tuesday, "we could start cutting rates in June but it is conditional on the data.” Further comments Risks to inflation outlook are balanced.
Silver (XAG/USD) remains under some selling pressure for the second successive day on Tuesday and retreats further from the YTD peak, around the $25.45 region touched last week.
EUR/USD remains under bearish pressure. Economists at ING analyze the pair’s outlook.
The USD/CAD pair jumps to 1.3550 in Tuesday’s European session after breaking above the two-day consolidation formed in a range of 1.3510-1.3550.
USD/MXN continues its upward trend, reaching near 16.90 and marking gains for the fourth consecutive session on Tuesday.
The Bank of Japan (BoJ) has finally ended its eight-year reign of negative interest rates.
The Japanese Yen (JPY) reacted negatively after the Bank of Japan (BoJ) announced an end to its negative rate policy.
The Pound Sterling (GBP) continues its losing streak for the fourth trading session on Tuesday as investors turn risk-averse in a big central banks’ week.
USD/CHF climbs towards 0.8890 during the Asian hours on Tuesday, driven by higher US Treasury yields.
FX option expiries for Mar 19 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
Statistics Canada will release February Consumer Price Index (CPI) data on Tuesday, March 19 at 12:30 and as we get closer to the release time, here are the forecasts by the economists and researchers of five major banks regarding the upcoming Canadian inflation data.
Here is what you need to know on Tuesday, March 19: The volatility surrounding the Japanese Yen and the Australian Dollar heightened during the Asian trading hours on Tuesday as investors assessed the monetary policy announcements from the Bank of Japan (BoJ) and the Reserve Bank of Australia (RBA).
Switzerland Exports (MoM) declined to 22474M in February from previous 22804M
Switzerland Imports (MoM) increased to 18812M in February from previous 18067M
Switzerland Trade Balance came in at 3662M, above forecasts (3500M) in February
Following the Bank of Japan's first historic interest rate hike at the March policy meeting, BoJ Governor Kazuo Ueda is addressing the post-policy meeting press conference on Tuesday.
Following the Bank of Japan's first historic interest rate hike at the March policy meeting, BoJ Governor Kazuo Ueda said that the Bank “will continue buying 'broadly same amount' of JGB as before.” more to come ...
The NZD/USD pair remains under some selling pressure during the early European session on Tuesday.
European Central Bank (ECB) Vice President Luis de Guindos, said in an interview on Tuesday, “services inflation is stickier.
Canada is slated to unveil the always-relevant inflation-related figures on Tuesday.
The S&P/ASX 200 Index continues its upward momentum, marking the third consecutive session of gains.
The EUR/USD pair trades on a negative note during the early European session on Tuesday.
West Texas Intermediate (WTI) US Crude Oil prices edge lower during the Asian session on Tuesday and revers a part of the previous day's strong gains to the $82.45 area, or the highest level since early November.
Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking on the policy outlook at a press conference following the announcement of the March monetary policy decision on Tuesday.
Japan Capacity Utilization: -7.9% (January) vs previous -0.1%
Japan Industrial Production (YoY): -1.5% (January)
Japan Industrial Production (MoM) came in at -6.7%, above forecasts (-7.5%) in January
The EUR/JPY cross gains traction above the mid-162.00s during the Asian trading hours on Tuesday.
GBP/JPY has rebounded from intraday losses to extend its winning streak, which commenced on March 12.
The AUD/JPY cross continues with its struggle to find acceptance above the 98.00 mark and surrenders Asian session gains to over a one-week high.
The AUD/NZD cross holds below the 1.0800 mark during the Asian session on Tuesday.
Japan BoJ Interest Rate Decision meets expectations (0%)
Australia RBA Interest Rate Decision meets expectations (4.35%)
Gold price (XAU/USD) struggles to capitalize on the previous day's bounce from the $2,145 region, or over a one-week low and oscillates in a range during the Asian session on Tuesday.
USD/CAD continues its upward trend for the fourth consecutive session, trading near the significant level of 1.3540.
Indian Rupee (INR) weakens on Tuesday on US Dollar (USD) purchases by state-run banks.
The Japanese Yen (JPY) drifts lower for the sixth straight day on Tuesday and weakens to a nearly two-week low against its American counterpart during the Asian session.
The Australian Dollar (AUD) hovers around the key level of 0.6550 amid subdued trading activity as market participants exercise caution ahead of the Reserve Bank of Australia's (RBA) interest rate decision on Tuesday.
Chinese Foreign Minister Wang Yi, during his visit to New Zealand on Tuesday, said that “China is ready to work with New Zealand to implement an upgraded version of the China-New Zealand free trade agreement.” Additional quotes Two sides should launch negotiations on negative list of service trade as soon as possible, so as to push bilateral cooperation to a new level.
On Tuesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0985 as compared to the previous day's fix of 7.0943 and 7.2056 Reuters estimates.
The EUR/USD pair edges lower to multi-day lows around 1.0870 on the firmer US Dollar (USD) during the early Asian session on Tuesday.
Japanese Finance Minister Shunichi Suzuki said on Tuesday that it depends on the Bank of Japan (BoJ) to decide the details of monetary policy.
The GBP/USD pair remains under some selling pressure during the early Asian session on Tuesday.
The Australian Dollar begins the Asian session, clocking minuscule losses of 0.02% against the US Dollar as market participants prepare for the Reserve Bank of Australia (RBA) monetary policy decision.
In Monday's trading, NZD/USD remained largely unchanged around 0.6085 while the pair showed ongoing sell-off pressure.
Silver's price dropped toward $25.00 a troy ounce on Monday as US Treasury bond yields rose ahead of the Federal Open Market Committee (FOMC) meeting.
The Bank of Japan (BoJ) will announce its monetary policy decision on Tuesday, pretty much at the same time that the Reserve Bank of Australia (RBA) will do the same.