The USDJPY pair ticked higher on Wednesday and was trading
near the 114 level during the US session as rising stocks and rising yields
spurred demand for the USDJPY pair.
Traders paid attention to today’s US GDP preliminary data
for the third quarter, which came out at 3.5% and sent a strong message, that
the US economy is still outpacing other G7 countries. However, most economists expect
the economic activity to slow down over the next quarters as Trump’s tax cuts
positive influence on the GDP growth will fade out. Moreover, the GDP price
index remained at 1.7% on the yearly basis.
Later in the day, the Fed’s chair Jerome Powell is due to
deliver a speech titled "The Federal Reserve's Framework for Monitoring
Financial Stability" at The Economic Club of New York. The market will
look for any clues in his remarks about a possible pause in the rate hikes, due
to deteriorating economic numbers recently.
However, on Tuesday Mr. Richard Clarida backed the gradual
rate hikes approach, despite the recent slump on the stock markets. Thus,
today’s market hopes for a dovish Powell might be overrated and the greenback
could continue higher, should Powell confirm the hawkish bias at the Fed.
US yields moved higher today and it would appear that the
latest decline might be over, with the whole yield curve rising on Wednesday.
Disclaimer:
Analysis
and opinions provided herein are intended solely for informational and
educational purposes and don't represent a recommendation or an investment
advice by TeleTrade. Indiscriminate reliance on illustrative or informational
materials may lead to losses.
©2000-2024. Todos los derechos reservados.
El sitio es administrado por Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
La información presentada en el sitio, no es una base para tomar decisiones de inversión y es proporcionada sólo con fines informativos.
La empresa no atiende ni presta servicio a clientes residentes en Estados Unidos, Canadá y los países incluidos en la lista negra del FATF.
La realización de operaciones comerciales en los mercados financieros con instrumentos financieros de margen, abre grandes oportunidades y permite a los inversores que estén dispuestos a correr riesgos a obtener altos rendimientos, pero al mismo tiempo conlleva un nivel de riesgo de pérdidas potencialmente alto. Por lo tanto, antes de comenzar a comercializar, se debe tomar de manera responsable a la cuestión de elegir la estrategia de inversión correspondiente, teniendo en cuenta los recursos disponibles.
Uso de información: al usar completamente o parcialmente los materiales del sitio, el enlace a TeleTrade como fuente de información es obligatorio. El uso de materiales en Internet debe ir acompañado de un hipervínculo al sitio teletrade.org. Importación automática de materiales e información del sitio está prohibida.
Para cualquier duda o pregunta, póngase en contacto con pr@teletrade.global.