- The U.S. dollar edged higher in tight trading ranges Tuesday, as traders awaited the release of the July producer price index, the first of the week’s inflation...
-- Most Asian currencies moved little on Tuesday as the dollar tread water in anticipation of key inflation data due later in the day, while the Japanese yen weakened...
Stocks (^DJI, ^IXIC, ^GSPC) closed mixed on Monday as Wall Street prepares for a week packed with economic data releases and corporate earnings reports, which could potentially trigger even more market volatility. Yahoo Finance markets and data editor Jared Blikre analyzes the day's top market trends including the cooling of risk momentum in the market, a loss of liquidity due to increased volatility, and an update on the Japanese yen carry trade. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Angel Smith
The dollar has firmed up against the yen in the early hours of Monday, as traders begin to think about the carry trade again. At this point, it is a bit early, but it looks like some are out there trying to get this trade going again.
The Aussie seems as if it really doesn’t know what to do at the moment, and as a result, this is a situation where we are just shuffling back and forth. The Aussie has a lot of external factors moving it at the moment, so hang on.
- Citi Research has turned increasingly bearish on risk, and recommends selling any EUR/USD rallies. At 07:00 ET (11:00 GMT), EUR/USD traded 0.1% higher at $1.0926,...
Goldman Sachs strategists believe that the recent unwinding of the carry trade involving the Japanese Yen (JPY), has further to go despite the significant moves already...
- The U.S. dollar edged higher Monday, in calm trading with traders looking to the release of key inflation data later in the week for clues of future Federal Reserve...
-- Most Asian currencies weakened slightly on Monday as traders turned slightly biased towards the dollar in anticipation of key U.S. inflation data this week, which...