Forex https://www.benzinga.com/views/taxonomy/term/3 en The Dollar Index Is Down 4%: What Next For The Forex Market? https://www.benzinga.com/trading-ideas/long-ideas/22/08/28449358/the-dollar-index-down-4-what-next-for-the-forex-market <p>In my last article on <a href="https://www.benzinga.com/trading-ideas/long-ideas/22/07/27969925/dollar-index-up-5-since-june-time-to-trade-the-forex-market">July 9</a>, I covered how the Dollar Index had moved up by 5%, breaking through significant levels and a seven-year period of consolidation.&nbsp;</p> <p>Trend followers were particularly interested in this move out of consolidation. (Trend followers describe&nbsp;a style closer to investing and a proven track record that goes back decades as opposed to day trading, which has a history of disappointment and losses.)</p> <p>What piqued the&nbsp;trend followers? As the saying goes, the longer the consolidation, the bigger the breakout. If this&nbsp;breakout holds, the price of the Dollar Index and the ...</p><p><a href=https://www.benzinga.com/trading-ideas/long-ideas/22/08/28449358/the-dollar-index-down-4-what-next-for-the-forex-market alt=The Dollar Index Is Down 4%: What Next For The Forex Market?>Full story available on Benzinga.com</a></p> Dollar Index DXY Long Ideas Education Short Ideas Technicals Previews Forex Markets Trading Ideas General DXY Long Ideas Short Ideas Education Technicals Previews Forex Markets Trading Ideas General Benzinga Thu, 11 Aug 2022 17:47:35 +0000 Zaheer Anwari 28449358 at https://www.benzinga.com Dollar Gains Ahead Of Inflation Data: Analyst Says Euro Parity Could Be Tested Again https://www.benzinga.com/news/22/08/28428992/safe-haven-dollar-gains-ahead-of-this-data-release <p>The U.S. dollar traded marginally higher during the Asia session on Wednesday as traders prepared for U.S. consumer inflation data due later in the day, which will determine the course of prospective rate hikes. Earlier, a strong July jobs report had stoked fears of aggressive rate hikes by the&nbsp;<strong>Federal Reserve</strong>.</p> <p><strong>Price Movement:</strong>&nbsp;The dollar index, which measures the strength of the greenback against a basket of currencies, is currently trading at 106.26 levels, having risen from the lows of 105.45 seen in the first ...</p><p><a href=https://www.benzinga.com/news/22/08/28428992/safe-haven-dollar-gains-ahead-of-this-data-release alt=Dollar Gains Ahead Of Inflation Data: Analyst Says Euro Parity Could Be Tested Again>Full story available on Benzinga.com</a></p> dollar Eurasia euro News Forex Economics Federal Reserve Markets News Forex Economics Federal Reserve Markets Benzinga Wed, 10 Aug 2022 06:27:33 +0000 Bhavik Nair 28428992 at https://www.benzinga.com Diary Of A Trader: Market Expert Gopikrishnan MS Highlights Lucrative USD/INR Trade https://www.benzinga.com/markets/asia/22/08/28410693/diary-of-a-trader-former-trading-head-of-standard-chartered-bank-south-asia-talks-about-his-lucrativ <p>With the U.S. set to release its consumer price index data on Wednesday, Gopikrishnan MS, former head of trading for South Asia at <strong>Standard&nbsp;Chartered Bank,&nbsp;</strong>tells <strong>Benzinga</strong> readers how to effectively trade the USD/INR forex pair.</p> <p><img alt="" src="https://cdn.benzinga.com/files/u1145270/usdinr.jpg" style="height:441px; width:650px" /><br /> <em>Source: Trading View</em></p> <p><strong>The Trade:</strong> U.S. data, such as PMI&nbsp;and NFP, have been surprising on the higher side in the last few weeks and that has led to strength in the dollar index. In this background, the CPI release is going ...</p><p><a href=https://www.benzinga.com/markets/asia/22/08/28410693/diary-of-a-trader-former-trading-head-of-standard-chartered-bank-south-asia-talks-about-his-lucrativ alt=Diary Of A Trader: Market Expert Gopikrishnan MS Highlights Lucrative USD/INR Trade>Full story available on Benzinga.com</a></p> Asia currencies Eurasia Gopikrishnan MS Long Ideas News USD/INR Forex Top Stories Markets Trading Ideas Long Ideas News Asia Forex Top Stories Markets Trading Ideas Benzinga Tue, 09 Aug 2022 13:04:51 +0000 Bhavik Nair 28410693 at https://www.benzinga.com Why Traders Are Getting Increasingly Bearish On The Australian Dollar https://www.benzinga.com/markets/asia/22/08/28391091/why-traders-are-getting-increasingly-bearish-on-the-australian-dollar <p>Fears of a <strong>recession</strong> have reportedly led fund managers to wager <strong>the most bearish bets on the Australian dollar</strong> <strong>since March.</strong> According to Bloomberg, hedge funds and traditional asset manager peers have accumulated short positions on the currency worth 61,405 contracts, as per Commodity Futures Trading Commission data compiled by <a href="https://www.bloomberg.com/news/articles/2022-08-08/funds-most-bearish-on-aussie-since-march-on-global-recession-bet?srnd=markets-vp#xj4y7vzkg">Bloomberg</a>.</p> <p><strong>Price Movement:</strong> The Australian dollar (AUD) has fallen over 4.5% since the beginning of the year against the U.S. dollar. At present, the currency is trading close to ...</p><p><a href=https://www.benzinga.com/markets/asia/22/08/28391091/why-traders-are-getting-increasingly-bearish-on-the-australian-dollar alt=Why Traders Are Getting Increasingly Bearish On The Australian Dollar>Full story available on Benzinga.com</a></p> Asia Australia currencies Eurasia News Forex Top Stories Economics Markets News Asia Forex Top Stories Economics Markets Benzinga Mon, 08 Aug 2022 10:14:47 +0000 Bhavik Nair 28391091 at https://www.benzinga.com Looking To Trade Dollar Against Yen? Watch Out For This Key US Data Report On Wednesday https://www.benzinga.com/markets/asia/22/08/28390734/want-to-trade-the-dollar-against-the-yen-watch-out-for-this-key-data-release <p>The dollar extended its gains against the Japanese yen on Monday, with a better-than-expected July jobs report in the U.S. triggering fears of aggressive rate hikes by the&nbsp;<strong>Federal Reserve</strong>.</p> <p><strong>Price Movement:</strong>&nbsp;The USD/JPY pair was trading at 135.28 on Monday morning Asia session, its highest since end-July. The move comes after the dollar hit a two-month low of 130.44 against the yen in the first week of August. The dollar index, which measures the strength of ...</p><p><a href=https://www.benzinga.com/markets/asia/22/08/28390734/want-to-trade-the-dollar-against-the-yen-watch-out-for-this-key-data-release alt=Looking To Trade Dollar Against Yen? Watch Out For This Key US Data Report On Wednesday>Full story available on Benzinga.com</a></p> Asia dollar Eurasia News yen Forex Federal Reserve Markets News Asia Forex Federal Reserve Markets Benzinga Mon, 08 Aug 2022 03:22:39 +0000 Bhavik Nair 28390734 at https://www.benzinga.com India's Central Bank Hikes Rates By 50 Bps To Stem Inflation https://www.benzinga.com/markets/asia/22/08/28370020/reserve-bank-of-india-hikes-interest-rates-by-50-basis-points-projects-growth-at-7-2 <p>The <strong>Reserve Bank of India</strong>, the Indian central bank, hiked the repo rate by 50 basis points to 5.4% as the <strong>M</strong><strong>onetary </strong><strong>P</strong><strong>olicy </strong><strong>C</strong><strong>ommittee</strong> agreed on the withdrawal of accommodation so that inflation remains within the target going forward while supporting growth.</p> <p>RBI Governor <strong>Shaktikanta Das</strong> stated that external debt to GDP fell from 21.2 in March 2021 to 19.95 in March 2022. Das said that GDP growth for the year has been retained at 7.2% ...</p><p><a href=https://www.benzinga.com/markets/asia/22/08/28370020/reserve-bank-of-india-hikes-interest-rates-by-50-basis-points-projects-growth-at-7-2 alt=India&#039;s Central Bank Hikes Rates By 50 Bps To Stem Inflation>Full story available on Benzinga.com</a></p> Asia Eurasia News Reserve Bank of India rupee Shaktikanta Das Forex Markets News Asia Forex Markets Benzinga Fri, 05 Aug 2022 05:20:52 +0000 Bhavik Nair 28370020 at https://www.benzinga.com Indian Rupee Falls Against Dollar As Trade Deficit Widens To Record High: What Next? https://www.benzinga.com/markets/asia/22/08/28347390/indian-rupee-falls-as-trade-deficit-widens-to-record-high <p>The Indian rupee fell below the 79.5 mark against the dollar on Thursday morning Asia session as the country&rsquo;s trade deficit widened to a record $31 billion. The figure sparked concerns among traders about how India will fund its current account deficit (CAD).</p> <p><strong>What Happened:&nbsp;</strong>Government intervention in exporting petroleum products and other commodities in the wake of higher inflation and local demand is understood to have contributed to the widening of the trade deficit.</p> <p><em>Also Read:&nbsp;</em><a href="https://www.benzinga.com/markets/asia/22/08/28347295/heres-how-traders-are-projecting-interest-rate-movements-across-asia" target="_blank"><em>How Traders ...</em></a></p><p><a href=https://www.benzinga.com/markets/asia/22/08/28347390/indian-rupee-falls-as-trade-deficit-widens-to-record-high alt=Indian Rupee Falls Against Dollar As Trade Deficit Widens To Record High: What Next?>Full story available on Benzinga.com</a></p> Asia dollar Eurasia INR News Reserve Bank of India rupee Forex Markets News Asia Forex Markets Benzinga Thu, 04 Aug 2022 06:14:17 +0000 Bhavik Nair 28347390 at https://www.benzinga.com Why Isn't The US Officially In A Recession? https://www.benzinga.com/22/08/28335053/why-isnt-the-us-officially-in-a-recession <p>The US has technically entered a recession in the&nbsp;<a href="https://www.bea.gov/news/2022/gross-domestic-product-second-quarter-2022-advance-estimate" rel="noreferrer noopener" target="_blank">second quarter</a>&nbsp;2022 as the economy contracted 0.9% year over year, following a 1.6% decline in the first quarter. However, the official body that is tasked to make a call on whether the economy is in a recession has yet to declare that the US is in fact in an economic downturn.&nbsp;</p> <h2>Slowdown in private spending&nbsp;</h2> <p>In the April-June period, GDP shrank for the second straight quarter, which the US Department of Commerce attributed to the drag in private inventory and residential fixed investments, reduced federal government spending and a drop in non-residential fixed investment.&nbsp;</p> <p>General merchandise stores and motor vehicle dealers in the US eased their inventory build-up in the recent quarter, leading to the drop in private inventory investment, while the government&rsquo;s move to cut down on its non-defense spending resulted in lower federal government spending.&nbsp;&nbsp;</p> <p>These factors offset the increase in exports and personal consumption spending in the second quarter.&nbsp;</p> <p>While the second consecutive drop in GDP reached the widely accepted definition of a recession, the US, according to a body that gets to say when the country is already in one, has yet to make a call.&nbsp;</p> <h2>Who makes the call?&nbsp;</h2> <p>The National Bureau of Economic Research, ...</p><p><a href=https://www.benzinga.com/22/08/28335053/why-isnt-the-us-officially-in-a-recession alt=Why Isn&#039;t The US Officially In A Recession?>Full story available on Benzinga.com</a></p> contributors Forex Markets Forex Markets Benzinga Wed, 03 Aug 2022 15:33:36 +0000 Mark O'Donnell 28335053 at https://www.benzinga.com Why A Yo-Yoing Yen Is Giving Sleepless Nights To Japanese Policymakers https://www.benzinga.com/news/22/08/28303479/yo-yoing-yen-gives-sleepless-nights-to-japanese-policymakers <p>Japanese Finance Minister&nbsp;<strong>Shunichi Suzuki</strong>&nbsp;described the recent yen swings as &quot;hectic&quot; and highlighted the complications in responding to sharp currency moves, according to&nbsp;<a href="https://www.reuters.com/markets/currencies/japanese-finance-minister-frets-about-hectic-yen-swings-2022-08-02/" target="_blank">Reuters</a>.</p> <p>Suzuki reportedly said he would carefully observe yen moves and their impact on the economy while coordinating with the&nbsp;<strong>Bank of Japan</strong>&nbsp;(BoJ) on any possible actions.</p> <p><em>See Also:&nbsp;</em><a href="https://www.benzinga.com/markets/asia/22/08/28281827/why-currency-traders-borrowing-in-euro-are-making-more-money" target="_blank"><em>Why Currency Traders Borrowing In Euro Are Making More Money Than With Dollar</em></a></p> <p><strong>Yen Movement:</strong>&nbsp;In a ...</p><p><a href=https://www.benzinga.com/news/22/08/28303479/yo-yoing-yen-gives-sleepless-nights-to-japanese-policymakers alt=Why A Yo-Yoing Yen Is Giving Sleepless Nights To Japanese Policymakers>Full story available on Benzinga.com</a></p> Bank of Japan dollar Eurasia Japan News Shunichi Suzuki yen Forex After-Hours Center Markets Media News Forex After-Hours Center Markets Media Benzinga Tue, 02 Aug 2022 05:24:31 +0000 Bhavik Nair 28303479 at https://www.benzinga.com Does The Pullback In The USDJPY Have Legs? https://www.benzinga.com/22/08/28296759/does-the-pullback-in-the-usdjpy-have-legs <p>The&nbsp;<a href="https://blackbullmarkets.com/en/market-reviews/volatile-opportunities-in-the-dxy-this-week/" rel="noreferrer noopener" target="_blank">US dollar</a>&nbsp;has&nbsp;retreated&nbsp;against&nbsp;its major trading pairs over the past two weeks, but notably, the USDJPY has seen one of the most interesting pullbacks.&nbsp;After peaking on July 14, the USDJPY has fallen more than 4% from a peak just below 139.500.</p> <p>The 2-week weakening streak may continue as the sentiment from the previous FOMC meeting has been conceived as mildly negative for the USD. The&nbsp;<a href="https://edition.cnn.com/2022/07/27/economy/fed-meeting-interest-rates-75-basis-points/index.html" rel="noreferrer noopener" target="_blank">Federal Reserve</a>&nbsp;increased its interest rates by 75-basis-points for the second consecutive time on Wednesday, but Chair ...</p><p><a href=https://www.benzinga.com/22/08/28296759/does-the-pullback-in-the-usdjpy-have-legs alt=Does The Pullback In The USDJPY Have Legs?>Full story available on Benzinga.com</a></p> contributors Forex Markets Forex Markets Benzinga Mon, 01 Aug 2022 18:53:13 +0000 Mark O'Donnell 28296759 at https://www.benzinga.com Why Currency Traders Borrowing In Euro Are Making More Money Than With Dollar https://www.benzinga.com/markets/asia/22/08/28281827/why-currency-traders-borrowing-in-euro-are-making-more-money <p>The euro&#39;s fall has come to the rescue of carry traders looking to invest in emerging market currencies. Such trades, where borrowed euros are used to invest in high-yielding emerging market (EM) currencies, have recorded lucrative profits to the tune of about 29% this year, depending on the choice of the EM currency, reported&nbsp;<a href="https://www.bloomberg.com/news/articles/2022-07-31/carry-traders-are-using-weak-euro-to-win-big-in-emerging-markets?srnd=markets-vp" target="_blank">Bloomberg</a>.</p> <p><strong>What&rsquo;s A Carry Trade?&nbsp;</strong>In simple terms, a carry trade can be defined as one where funds borrowed at a lower interest rate are deployed in ...</p><p><a href=https://www.benzinga.com/markets/asia/22/08/28281827/why-currency-traders-borrowing-in-euro-are-making-more-money alt=Why Currency Traders Borrowing In Euro Are Making More Money Than With Dollar>Full story available on Benzinga.com</a></p> Asia carry trade dollar Eurasia euro News Forex Markets Media News Asia Forex Markets Media Benzinga Mon, 01 Aug 2022 12:29:37 +0000 Bhavik Nair 28281827 at https://www.benzinga.com As Nancy Pelosi Visit Sparks Fears, Taiwan Currency Loses Key Level Against US Dollar https://www.benzinga.com/markets/asia/22/08/28282795/amidst-pelosi-visit-fears-taiwan-dollar-breaches-the-pyschological-level-of-30-against-the-dollar <p>The Taiwan dollar fell below the psychological mark of 30 per dollar for the first time since June 2020 led by geopolitical risks and weaker economic growth.</p> <p>Sentiments turned sour ahead of U.S. House Speaker Nancy Pelosi&rsquo;s potential visit to the island and with manufacturing activity being the weakest since May 2020, reported <a href="https://www.bloomberg.com/news/articles/2022-08-01/taiwan-dollar-falls-to-lowest-in-two-years-as-economy-suffers#xj4y7vzkg">Bloomberg</a>.</p> <p><strong>Expert Take:</strong> Khoon Goh, head of Asia research at Australia &amp; New Zealand Banking Group, told ...</p><p><a href=https://www.benzinga.com/markets/asia/22/08/28282795/amidst-pelosi-visit-fears-taiwan-dollar-breaches-the-pyschological-level-of-30-against-the-dollar alt=As Nancy Pelosi Visit Sparks Fears, Taiwan Currency Loses Key Level Against US Dollar>Full story available on Benzinga.com</a></p> Asia China Eurasia Nancy Pelosi News taiwan US Dollar Politics Forex Markets General News Asia Politics Forex Markets General Benzinga Mon, 01 Aug 2022 09:00:09 +0000 Bhavik Nair 28282795 at https://www.benzinga.com EXCLUSIVE: What's Going On In Argentina? Technical Analyst Carlos Maslatón Dives In https://www.benzinga.com/markets/latin-america/22/07/28259940/exclusive-whats-going-on-in-argentina-technical-analyst-carlos-maslaton-dives-in <p>Sergio Massa <a href="https://www.benzinga.com/markets/latin-america/22/07/28258609/new-changes-in-argentinas-government-sergio-massa-receives-superpowers-markets-approve?utm_campaign=Watchlist&amp;utm_source=Benzinga&amp;utm_medium=Email">has assumed a central role</a> in the management of the executive power in <strong>Argentina</strong>, taking control of three&nbsp;central ministries &mdash;&nbsp;<strong>Economy, Productive Development&nbsp;and Agriculture </strong>&mdash; for the country.&nbsp;</p> <p>Benzinga&nbsp;got in touch with<strong> <a href="https://twitter.com/CarlosMaslaton">Carlos Maslat&oacute;n</a></strong>, a technical analyst, attorney&nbsp;and international political&nbsp;expert, so he could share how&nbsp;he sees the markets in Argentina at this time and the implications of the political moment that the South American&nbsp;country is going through.</p> <h3>Argentinean Bull Market?</h3> <p>&ldquo;Argentina&rsquo;s bottom was reached in October 2021;&nbsp;after that we experienced a bullish trend until May 2022, followed by three&nbsp;bear months of corrections. Now we are on the green for seven&nbsp;days in a row,&rdquo; said Maslat&oacute;n.</p> <p>Massa is the third minister to be in charge of the economy ministry in less than 30 days.&nbsp;The country&#39;s peso experienced a slight recovery along with the rumors prior to the official announcement of Massa&#39;s new role. It almost seemed that the markets were pricing that information in.&nbsp;</p> <p>Nevertheless,&nbsp;Maslat&oacute;n disagrees with that view.</p> <p>&ldquo;This bullish trend is the one that Massa finds in, it&rsquo;s not a ...</p><p><a href=https://www.benzinga.com/markets/latin-america/22/07/28259940/exclusive-whats-going-on-in-argentina-technical-analyst-carlos-maslaton-dives-in alt=EXCLUSIVE: What&#039;s Going On In Argentina? Technical Analyst Carlos Maslatón Dives In>Full story available on Benzinga.com</a></p> $BTC argentina carlos maslatón contributors Latin America Maslatón News Sergio Massa Politics Forex Global Exclusives Markets Interview General $BTC News Latin America Politics Forex Global Exclusives Markets Interview General Benzinga Fri, 29 Jul 2022 15:06:39 +0000 Jose Rodrigo Safdiye 28259940 at https://www.benzinga.com Japanese Insurance Giant Meiji Yasuda Mulls Buying US Treasuries — Only In This Scenario https://www.benzinga.com/markets/asia/22/07/28238747/japanese-insurance-giant-finds-this-us-asset-attractive-heres-why-dollar-movement-affects-it <p>Japanese insurance giant <strong>Meiji Yasuda Life Insurance Co</strong> reportedly said it may look at buying U.S. Treasuries at a yield of 3% without any currency hedging if the dollar falls below the 135 mark against the yen.</p> <p><strong>Yoshimasa Osaki</strong>, head of investment planning, told <a href="https://www.reuters.com/markets/stocks/meiji-yasuda-life-ready-buy-treasuries-yield-3-if-dollar-slips-2022-07-28/">Reuters </a>that foreign-currency bonds with a yield of 3% or more are attractive at a time when Japanese government bond (JGB) yields are so low.</p> <p><strong>Check-list For Bond Investors:</strong> Bond investors mainly look at three factors while making an investment decision:</p> <ol> <li>How much do the bonds yield or what is the interest paid on ...</li></ol><p><a href=https://www.benzinga.com/markets/asia/22/07/28238747/japanese-insurance-giant-finds-this-us-asset-attractive-heres-why-dollar-movement-affects-it alt=Japanese Insurance Giant Meiji Yasuda Mulls Buying US Treasuries — Only In This Scenario>Full story available on Benzinga.com</a></p> Asia dollar Eurasia Meiji Yasuda News yen Bonds Forex Markets News Asia Bonds Forex Markets Benzinga Thu, 28 Jul 2022 08:33:01 +0000 Bhavik Nair 28238747 at https://www.benzinga.com Why The Biggest Macro Trade This Year Suddenly Lost Its Charm Among Hedge Funds https://www.benzinga.com/markets/asia/22/07/28239218/why-the-biggest-macro-trade-this-year-suddenly-lost-its-charm-among-hedge-funds <p>Hedge funds have <a href="https://www.bloomberg.com/news/articles/2022-07-28/yen-surges-as-traders-dial-back-bets-of-aggressive-us-rate-hikes#xj4y7vzkg.html">reportedly </a>unwound long dollar-yen trades after the <strong>U.S. Federal Reserve</strong> hinted the pace of prospective hikes could be slower.</p> <p><strong>Price Movement:</strong> From a low of 137.46 against the dollar yesterday, the yen rose to the 135.11 mark on Thursday morning&nbsp;in Asia to hit a three-week high.</p> <p>The appreciation in the currency is good news for <strong>Bank of Japan</strong> Governor <strong>Haruhiko Kurod</strong><strong>a</strong> who stood firm with his ultra-easy monetary policy earlier at the risk of further yen depreciation.</p> <p><em>Also Read:&nbsp;<a href="https://www.benzinga.com/markets/asia/22/07/28238422/oil-rises-as-u-s-stockpiles-falls-and-exports-hit-record-high-fed-comments-on-prospective-rate-hikes">Oil Rises As US ...</a></em></p><p><a href=https://www.benzinga.com/markets/asia/22/07/28239218/why-the-biggest-macro-trade-this-year-suddenly-lost-its-charm-among-hedge-funds alt=Why The Biggest Macro Trade This Year Suddenly Lost Its Charm Among Hedge Funds>Full story available on Benzinga.com</a></p> Asia Bank of Japan dollar Eurasia Haruhiko Kuroda News yen Forex Top Stories Markets News Asia Forex Top Stories Markets Benzinga Thu, 28 Jul 2022 07:35:08 +0000 Bhavik Nair 28239218 at https://www.benzinga.com