Forex Factory

TOKYO, July 30 (Reuters) - The dollar fell to an eight-month low against the yen on Friday, hurt by selling from Japanese exporters and concerns that U.S. GDP data would add to signs of fading momentum for the U.S. economic recovery. In Asian trade, the dollar's fall was primarily driven by month...

Japan’s unemployment unexpectedly rose for a fourth straight month and industrial production fell the most in more than a year, signaling the economic expansion is poised to slow. The jobless rate climbed to a seven-month high of 5.3 percent in June, a statistics bureau report showed today in Tok...

Two steps forward, one step back. That describes the current thinking about a year into the putative economic recovery. On Friday, the government will release its report on the nation’s output for the second quarter, showing how much, if at all, the economy downshifted as the summer began. Man...

Deflationary pressure on the U.S. economy has increased, so the nation's central bank is "keeping an eye" on it, the Nikkei reported on Friday, quoting Federal Reserve Bank of St. Louis President James Bullard. "Inflation expectations are still holding up pretty well, but they've deteriorated qu...

China sees little need for an imminent increase in interest rates, standing apart from Asian counterparts that are raising borrowing costs as the region shrug offs risks from advanced economies. People’s Bank of China officials said “that with a benign inflation outlook there was less need for hi...

Australia is abandoning a six-decade consensus favoring immigration, risking slower growth and faster inflation in a nation short of workers to help meet China’s demand for its commodities. Prime Minister Julia Gillard is pushing reduced population gains to lure voters in suburban districts she n...

U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for a third day, as earnings and forecasts disappointed investors at technology and consumer companies. A gauge of commodities rose to a 12-week high on speculation the economic recovery will boost demand. The S&P 500 slipped 0.4 per...

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 87.48 Last Update At 29 Jul 2010 23:34 GMT Although y'day's selloff to 86.57 in NY signals recent downtrend has resumed n price wud re-test this month's low at 86.27, choppy consolidation is seen in Asia b4 prospect of such a ...

Daily Summary, Pivot Point Calculations and Fibonacci levels for multiple market

Japan's Nikkei fell 1.3 percent on Friday as more signs that the U.S. economic recovery may be stalling outweighed a wave of upbeat domestic earnings, with investors shy of buying before U.S. GDP data later in the day.

Japan's unemployment rate rose to 5.3% in June from 5.2% in May, as the number of the unemployed rose from the previous month, data from the Ministry of Internal Affairs and Communications showed Friday. But the data also showed that the number of unemployed people fell when compared with a year...

U.S. equity markets tumbled shortly after the opening after Dallas Fed President Fisher reiterated that the economy was weak. In an early morning speech Fisher said that growth from the first quarter on is “likely to fall below 3 percent for a prolonged period.” This comment didn’t sit well with...

The Euro surged to 1.3105 for the first time since May shortly after U.S. equity markets opened, but was unable to hold this level as stocks corrected sharply during the trading session. The subsequent break triggered volatile moves throughout the session with the market retracing inside the 1.3105...

Japan’s industrial production fell unexpectedly in June and the unemployment rate climbed to a seven-month high, signaling the nation’s export-led recovery is losing momentum. Factoryoutput dropped 1.5 percent from May, when it gained 0.1 percent, the Trade Ministry said in Tokyo today. The medi...

New Zealand's residential property sector remained subdued last month with permits for new construction edging up from a slump in May, while commercial property extended its decline. Consents for new homes, excluding apartment approvals, rose 1.7 per cent to 1,316 in June from the same month a ye...

In this paper I discuss the possibility that the U.S. economy may become enmeshed in a Japanese-style, de‡ationary outcome within the next several years. To frame the discussion, I rely on an analysis that emphasizes two possible long-run outcomes (steady states) for the economy, one which ...

The yen is ignoring a weaker than expected industrial production report for June. According to the Japanese Ministry of the Economic, Trade and Industry, preliminary Japanese industrial production fell by 1.5% month-over-month, despite calls for a 0.2% pickup and prior 0.1% gain.

Japan’s consumer-price declines eased for a second month in June, improvements that may stall as a stronger yen lowers import costs. Prices excluding fresh food slid 1 percent from a year earlier, easing from 1.2 percent in May, the statistics bureau said today in Tokyo. The median estimate of 27...

Japan’s unemployment rate unexpectedly rose to a seven-month high in June, adding to concern consumer spending will stall. The jobless rate climbed to 5.3 percent, the statistics bureau said today in Tokyo. The median forecast of 26 economists surveyed by Bloomberg News was for the rate to stay a...

The Japanese yen is broadly ignoring an unexpected increase in the national employment rate for June, coupled with some mixed CPI statistics.