Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


17.10.2016 15:03

USD/JPY: US Earnings Season In The Driver's Seat This Week - Credit Agricole

"There is very little on in Japan this week to drive the JPY, so it will remain a function of investor sentiment. USD/JPY is one of the G10 crosses most sensitive within our FX Risk Index.

So the US earnings season will be important for the JPY and with the S&P500 trading at 18 times estimated earnings, investors will need to see some strong results to maintain this ratio.

However, as there is a general tendency of actual earnings releases to beat expectations it will be about company CEOs' forward guidance. Elsewhere, it will be about global growth conditions to drive sentiment, especially as there is limited room of major central banks such as the ECB making a case of rising liquidity expectations. The central bank announces its monetary policy this week. When it comes to growth, conditions remain muted as for instance confirmed by this week's trade data out of China.

As a result of the above outlined conditions caution may be warranted when it comes to USD/JPY. A combination of both better risk sentiment and rising US yields may be needed to push the pair higher".

Copyright © 2016 Credit Agricole CIB, eFXnews™

Market Focus

January 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2017 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Служба технической поддержки:
8-800-200-31-00, support@teletrade-dj.com

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page