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USD/JPY gaps sharply lower on North Korean hydrogen bomb test

Another week, another escalation in tensions around North Korea. The rogue nation claims it tested a mighty hydrogen bomb. While this cannot be verified, the artificial earthquake that was detected in the region seems massive enough. The tremors of 6.3 in the Richter scale pointed to a bomb that is 9.8 times deadlier than in […]

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Non-Farm Payrolls 156K for August 2017; wages +0.1% m/m — USD slides

Lower than expected data in the US: only 156K jobs were gained and wages went up by 0.1%, lower than expected on both fronts.The participation rate was unchanged at 62.9%. Wages y/y are still at an annual pace of 2.5%. Overall, not a great report on both wages and headline job growth.   The US […]

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ADP NFP beats expectations with 237K – USD extends recovery

A much better than expected jobs report from ADP: no less than 237K jobs were gained in August, up from an upwards-revised 201K. All in all, this can be seen as a beat worth 54K for August and +23K for July = 77K. America is hiring. It’s all good and the US dollar reacts positively […]

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US GDP revised up to the magic 3% level – USD looks strong

The good news from the US keeps on flowing: Q2 GDP was revised up to the magic number of 3% annualized. President Trump will probably take a victory lap on this number. The US dollar extends its gains EUR/USD slips under the 1.19 level, completing a big U-turn from the highs. USD/JPY extends its gains […]

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USD/JPY breaks above downtrend resistance as tensions ease

Dollar/yen had its dance with the lows, dipping closer to the critical support level of 108.10 and bouncing back. The drops came as North Korea fired a missile over Japan, stoking tensions. US President Donald Trump said, “all the options are on the table”. However, as time passes by, markets cannot be scared for too […]

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