290
Currency Analyst since 2010

Dec. 4: MARKET OVERVIEW

  • USD/JPY has almost reached 120.00: Japanese media (Yomiuri, Asahi and Nikkei newspapers and Kyodo News ) polls showed that Prime Minister Shinzo Abe’s coalition may keep its two-thirds majority in the lower house of parliament in general elections on Dec. 14.

  • USD is up as America released strong data: The Fed’sreport (Beige Book)showed businesses across the country are hiring workers in industries from aerospace to finance. Another positive sign is that private employers added 208K workers in Nov. (ADP employment report). Moreover, ISM non-manufacturing index rose to the second-highest level since August 2005.

  • GBP/USD is just below 1.5700 ahead of the Bank of England’s meeting results due at 12:00 GMT.

  • EUR/USD awaits the ECB meeting at the multi-month lows of 1.2300. Policy decision at 12:45 GMT will be followed by a press-conference at 13:30 GMT.

  • Australia released upbeat retail sales and trade data. However, AUD/USD touched fresh low of 0.8350 in Asia. 

Scroll to top