Aviv Shapiro's Blog (114)

USD/JPY: Yen Under Pressure as BOJ Minutes Discuss Further Easing Options

The Japanese yen is deemed to maintain its decline opposite the Australian dollar today after minutes of the Bank of Japan’s rate review revealed additional options for expanding stimulus further. Likewise, Japanese Prime Minister Shinzo Abe ramped up the pressure on the BOJ yesterday, urging it to adopt further measures to reach the 2 percent inflation target.

The minutes of the BOJ’s policy meeting released earlier today showed policymakers discussed buying longer-dated government…


Added by Aviv Shapiro on February 19, 2013 at 2:42am — No Comments

AUD/JPY: Yen Falls as GDP Shrinks Ahead of BOJ Policy Decision

The Japanese yen is deemed to dip alongside the Australian dollar today as the Japanese economy contracted for the third consecutive quarter in Q4, indicating that the country is struggling to escape from a mild recession. Likewise, the markets are awaiting the outcome of the Bank of Japan’s monetary policy meeting today.

Amid economic uncertainties overseas, Japan’s economy shrank at an annualized pace of 0.4 percent in the final three months of 2012 to contract for a third…


Added by Aviv Shapiro on February 14, 2013 at 3:34am — No Comments

AUD/CAD: US Retail Sales Data Wane Loonie Contra Aussie

With the lack of supporting data from the Maple Leaf, the Canadian dollar is foreseen to make way for gains by its Australian currency peer. More of the Asian commodity dollar is perceived to be purchased after earlier reports that Australian consumer sentiment surged to a 26-month high. Market participants are also likely to look into consumer spending data from the world’s largest economy, which could likewise affect the demand for the Canadian asset.

With the increased payroll…


Added by Aviv Shapiro on February 13, 2013 at 12:17pm — No Comments

AUD/CAD: Ivey PMI to Give a Boost to the Loonie

The bearish run by the Canadian dollar opposite the Australian currency is projected to be extended today as risk appetite benefits the North American commodity dollar. Analysts are less bearish on the Loonie as data from the Richard Ivey School of Business offers positive figures for traders. Also, speculations of a further cut in the benchmark interest rate by the Reserve Bank of Australia weaken the prospects of the Aussie.

The January update on the Canada Ivey Purchasing…


Added by Aviv Shapiro on February 6, 2013 at 1:34pm — No Comments

AUD/USD: Greenback Gains Over Aussie on RBA Speculations

Just like how the Baltimore Ravens edged the San Francisco 49ers to win the Super Bowl XLVII, the US dollar is looked forward to get the better of its trades with the Australian currency today on investor speculations that the Reserve Bank of Australia will issue a surprise rate cut tomorrow.

Assumptions of a surprise rate cut by the Reserve Bank of Australia are putting a damper on the Aussie’s advances. The Australian central bank holds its first policy meeting of the year…


Added by Aviv Shapiro on February 4, 2013 at 11:06am — No Comments

AUD/USD: Projected Strong NFP Figure Seen to Revive Fed Pullback Tal

The US dollar is foreseen to gain opposite the Australian dollar today on views that an expected buoyant Non-Farm Payrolls report could spur the Federal Reserve to start considering a rollback of its easy monetary policy. Likewise, other economic reports due today are also expected to provide a rosier picture of the world’s largest economy.

The US labor market likely began the new year on solid footing, but January’s jobs growth is not expected to put much of a dent in the…


Added by Aviv Shapiro on February 1, 2013 at 10:01am — No Comments

AUD/CAD: Loonie to Benefit from US data, Oswald Impact on Australian Economy

After Mark Carney’s acknowledgment that the financial markets have improved, whilst warning that downside risks remain to the global economy, the Canadian dollar registers gains opposite the Australian currency. Further gains by the Loonie are projected today as price activity has breached the 1.0465 support in the technical chart.

Risk demand in the American markets is also seen to benefit the Loonie currency, with the Advance GDP report from the US Bureau of Economic Analysis. US…


Added by Aviv Shapiro on January 30, 2013 at 11:39am — No Comments

AUD/JPY: Abe Reiterates Tough Stance on Deflation

The Japanese yen is foreseen to regain strength opposite the Australian dollar today after Japanese Prime Minister Shinzo Abe continued to pile pressure on the Bank of Japan to make good on its promise for bolder action to overcome nagging deflation in a speech yesterday. Meanwhile, a marked improvement in Australian business confidence is deemed to support the Aussie today.

In his first policy speech to the parliament since taking power, Japan’s PM Shinzo Abe, vowing to overcome…


Added by Aviv Shapiro on January 29, 2013 at 1:17am — No Comments

USD/CHF: Greenback to Rebound on Durable Goods Orders

Despite a steep drop coming into the New York session, the USDCHF currency pair is forecast to make a rebound in later trades on upcoming economic data from the world’s largest economy. Orders for durable goods probably climbed in December, showing that the nation’s manufacturing sector saw some stability towards the end of the year after a mid-year slump.

The US dollar fell opposite the Swiss franc by 31 pips on a temporary halt to the rally in the European stock markets. This led…


Added by Aviv Shapiro on January 28, 2013 at 10:40am — No Comments

USD/CHF: Greenback Falls, Swissie Strengthens

The USDCHF currency pair trends lower today as fiscal issues hound the world’s largest economy. The US dollar falls to the Swiss franc on improved sentiment for the Swiss nation. It does not help the Greenback that International Monetary Fund Managing Director Christine Lagarde has said that global uncertainties, including the US fiscal negotiations, are continuing to weigh on growth.

The House of Representatives voted this week to suspend the $16.4 Trillion federal borrowing limit…


Added by Aviv Shapiro on January 25, 2013 at 1:43pm — No Comments

AUD/CAD: Loonie Falters to Aussie After Earlier Gains

After failing to surpass the 1.0500 mark and falling 53 pips in earlier exchanges, the Aussie-Loonie pair is making another hike. The Canadian dollar is projected to pare earlier gains from its Australian counterpart as investor sentiment favors the Asian commodity dollar. Trade sentiment has favored the riskier Aussie in the New York exchanges as the US equities market carries the demand from the nascent corporate earnings season, while the Loonie is beset by the interest decision…


Added by Aviv Shapiro on January 23, 2013 at 9:55am — No Comments

EUR/JPY: Euro Seen to Gain as Investor Surveys Deemed to Offer Hope

The Euro is deemed to regain its strength opposite the Japanese yen today as the ZEW reports due today are deemed to underscore improving prospects for the Euro Zone economy as it attempts to emerge out of its recession. Likewise, hopes are high that the newly-appointed Eurogroup chief will be able to deliver to its commitment to restore the region back to financial stability. Meanwhile, the Bank of Japan’s move to adopt a 2 percent inflation target earlier is deemed to weaken the…


Added by Aviv Shapiro on January 22, 2013 at 8:14am — No Comments

AUD/USD: Greenback Gives in to Aussie on King’s Day

The US dollar is keen to give in to a bullish start to the trades of its Australian counterpart’s weekly exchanges. Though price action initially dropped to a low of 1.0491, prices have swung back up with help from favorable risk sentiment as shown in the Australian equities market. Markets are closed in the United States today in lieu of Martin Luther King day, not to mention an inaugural address by the US president.

In the US, President Barack Obama took the oath of office…


Added by Aviv Shapiro on January 21, 2013 at 11:14am — No Comments

USD/CHF: Greenback Forecast to Bounce Back on Corporate Earnings, Consumer Sentiment

The US dollar is still projected to bounce back from its current bearish price correction opposite the Swiss franc after matching an almost two-month high earlier today. Price action has fallen to as low as 0.9333 after reaching a high of 0.9387. Still, fundamental data from the United States are looked forward to give another boost to the Greenback as the skirmish between the safety bet currencies come to a close this week.

Investor confidence borne off the nascent corporate…


Added by Aviv Shapiro on January 18, 2013 at 10:19am — No Comments

EUR/USD: Euro Gains as Bernanke Suggests Stimulus Measures to Remain

The Euro is deemed to sustain its strength against the US dollar today as cautious comments by Federal Reserve Chairman Ben Bernanke over the US economy suggested that the central bank was in no hurry to withdraw monetary stimulus. In Europe, ratings agency Standard & Poor’s raised its outlook on both Luxembourg and Finland in another sign that the Euro Zone has made considerably ground in its crisis fight, boosting the single currency in turn.

Speaking at the University of…


Added by Aviv Shapiro on January 15, 2013 at 7:58am — 1 Comment

AUD/USD: Greenback to Wane on Evans and Bernanke Speeches

The US dollar looks to give in to a slight boost in risk confidence in the markets today and pare Friday’s gains over the Australian currency. An upbeat outlook for the US economy this year by Chicago Federal Reserve President Charles Evans has the markets anticipating a flat-to-higher open on Wall Street, and a weaker Greenback today.

Speaking at the Asian Financial Forum in Hong Kong earlier today, Evans forecast that the US will grow by 2.5 percent in 2013, rising to 3.5 percent…


Added by Aviv Shapiro on January 14, 2013 at 11:38am — No Comments

AUD/USD: Greenback to Pare Some of Aussie’s Weekly Gains

The US dollar is set to recover some of its earlier losses versus the Australian currency this week, as investor sentiment turned sour from earlier released economic data. Chinese inflation was reported to have quickened more than expected, spurring investor concerns and weakening the Aussie in turn.

After reporting yesterday that imports rose to a record in the world’s second largest economy’s biggest overseas market, Asian shares fell earlier today as a pick-up in Chinese…


Added by Aviv Shapiro on January 11, 2013 at 11:02am — No Comments

EUR/GBP: Euro Expected to Incline as ECB Seen on Hold

The Euro is seen to gain opposite the British pound today as the European Central Bank is expected to keep interest rates on hold at a record low 0.75 percent as the Euro Zone economy shows some positive signs of stabilization and inflation remains above target. In contrast, disappointing trade figures from the UK are deemed to suggest that trade activity became a drag on the British economy in the fourth quarter.

Convening for the first time this year, the ECB is likely to leave…


Added by Aviv Shapiro on January 10, 2013 at 6:28am — No Comments

AUD/CAD: Loonie to Gain from Drop in Australian Retail Sales and US Corporate Earnings

The skirmish between the commodity dollars today is set to direct the Canadian dollar above its Australian counterpart after the Land Down Under posted an unexpected decline in retail sales performance. Risk appetite is still trying to reignite as US corporate earnings season starts to kick in.

After rounds of profit taking from a sharp rally at the start of the new year subsided, investors now await corporate earnings season to kick off in full force. Asian shares were mostly…


Added by Aviv Shapiro on January 9, 2013 at 12:16pm — No Comments

EUR/GBP: Pound Strengthens as Manufacturing Unexpectedly Expands

The British pound is deemed to strengthen alongside the Euro today as a gauge of UK manufacturing unexpectedly expanded in December, suggesting renewed strength in the economy at the end of 2012. In contrast, the Euro is apt to dip as a similar factory report for the Euro Zone contracted more than expected and as labor reports due today are estimated to come in weak.

In a report that largely boosted the outlook for the UK economy, British manufacturing expanded at its fastest pace…


Added by Aviv Shapiro on January 3, 2013 at 6:42am — No Comments


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