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Top trade idea for 28th July – EURJPY

EURJPY resilience to move lower after the Brexit vote calls for a more cautious approach to the overall risk sentiment as Bank of England provided more liquidity and Bank of Japan announced another fiscal stimulus package. That being said, this move to the downside that started from the top left corner of the chart above […]

FOMC Statement Key This Evening

European equity markets are expected to open marginally higher on Wednesday following mixed sessions in the U.S. and Asia overnight, as investors await the latest interest rate decision from the Federal Reserve, as well as a number of economic data and earnings releases. It’s been a relatively slow start to the week but things should […]

Central Banks to Dictate Next Market Move

Five things the markets are talking about Investors will need to watch this afternoon’s FOMC statement on monetary policy closely. The central bank is not expected to move interest rates this week, but any hints on the likelihood of a future rate rise could move markets. With no press conference scheduled and no new economic […]

YEN and Nikkei, Slip Sliding Away

The USDJPY, Yen crosses, and the NIKKEI under relentless pressure today as position squaring and possible disappointments take their toll. The hype over Japan stimuli seems to be fading fast into Friday’s BoJ meeting. Various officials have been out on the wires this morning and overnight and the general tone seems to be one of […]

Yen Rise Supported By Guesstimates

Five things the markets are talking about. Market volatility is picking up ahead of the Federal Open Market Committee (FOMC) and Bank of Japan (BoJ) decisions later this week. In overnight trading, Australasia markets were especially unsettled with more headlines pertaining to the fiscal/monetary stimulus mix from the BoJ. In Europe, that apprehension is not […]

Top trade idea for July 26th, 2016 – AUD/USD

AUDUSD has turned down from 0.7834 high in May after wave C-circled completed a big corrective wave IV flat pattern. A flat has a 3-3-5 sub-wave structure, so it was a contra-trend movement that should send price back to the lows. So far, market made a very good and strong bearish turn to 0.7130 with […]

USD/CAD Canadian Dollar Lower as Oil Tumbles

The Canadian dollar started the trading week on the wrong foot after oil futures dropped with the prospect of further drilling in the U.S. to add to the already oversupplied market. With little economic releases this week on the Canada front at the beginning of the week the CAD was exposed to a swing in […]

BoJ, Fed and Earnings to Dominate This Week

It’s been a relatively quiet start to the week in the markets but this should pick up quite considerably with a couple of big central bank decisions to come and more than a third of S&P 500 companies reporting second quarter earnings. The stand out central bank decision is the Bank of Japan, with high […]

EURUSD – Will New Low Trigger Broader Decline?

The euro has taken a turn lower against the dollar late in the European session, falling to its lowest level since 24 June, when it tanked on news that the U.K. had voted to leave the E.U. The pair had established a relatively tight trading range over the four weeks following the result – between […]

CANADA: Consumer Price Index, June 2016

The Consumer Price Index (CPI) rose 1.5% in the 12 months to June, matching the gain in May. Excluding gasoline, the CPI was up 1.9% year over year in June, equal to the increase in May. 12-month change in major components Prices rose in all major components in the 12 months to June, with the […]

Central Bankers Take Center Stage

Both the FOMC and Bank of Japan will share the centre stage this week but let us not forget the Austalia Q2 CPI, which will be vying for some of the spotlights. Federal Reserve -Conundrum  The Federal Reserve Board( Feds) capably stage- managed a masterful decline in real US rates in Q2  propelling risk sentiment skyrocketing […]

USDJPY and JPY Crosses. Storm Clouds Gathering

A quiet end of the week in Asia but storm clouds appear to be gathering from a technical perspective on JPY Crosses. Asia definitely has a “Friday” feeling about it today. G-20’s this weekend, BOJ and FOMC next week. Plus, most importantly for this Kiwi, the start of the Super 18 Rugby play-offs tonight, have […]

Top trade idea for July 22nd, 2016 – EUR/USD

Draghi’s dilemma puts EURUSD double bottom in play The ECB’s caution on post Brexit stimulus has seen the Euro pause at chart support. Today’s Flash PMI data might decide whether this turns into a full corrective rally Yesterday, the ECB signalled its perfectly sensible intention to wait until it has a clearer picture of the […]

Lots of Noise But Lacking in Direction

JPY- Kuroda Corrodes Just when the JPY bears were showing some swagger, Bank ofJapan Kuroda squashed markets hopes for “helicopter money”, well at least he did in mid-June when a BBC 4 interview took place. The USdJPY was sitting comfortable perched above 107 before plummeting to 105.50 on the old comments. While the move may […]

Will the ECB show a different hand?

Five things the markets are talking about Nope, not really and that’s the majorities viewpoint. Businesses as usual as Euro policy makers are waiting for more data. However, many believe Euro officials may signal such a move is on the cards at the bank’s September 8th meeting. Expect Draghi to be questioned about Brexit and […]

Top trade idea for July 21st, 2016 – EURUSD

Ahead of the ECB today I would like to show a bearish pattern in the makings on the EURUSD pair and it doesn’t really matter if it is going to be a Euro related move lower or a US dollar move higher, the path of least resistance here is the downside and not the upside. […]

USD/CNH Provides Excitement, Stocks Higher Again

A  quiet day in Asia for G10 with only USD/CNH providing some excitement. Stocks continue their march higher ahead of central banks and expected China easing.  Asia G10 FX A generally range bound day for currencies in Asia with AUD, EURO and USDJPY trading around their mid-range points of 0.7500, 1.1000 and 106.00 respectively. NZD […]

Sterling Marches Higher For Now

Five things the markets are talking about Capital markets are on the move despite the waiting game for monetary policy direction from Tier I central banks over the next few weeks (ECB tomorrow). In yesterday’s session, the Dow ended slightly above its record high close for the sixth consecutive day, but the Nasdaq and S&P […]

The Central Bank Waiting Game

The Central Bank waiting game is taking hold of the G-10 complex as Investors nervously contemplate their pending decisions while mindfully scanning the geopolitical landscape. Australian Dollar-Losing Yield Appeal  Fissures are appearing in the yield carry backstop that supported the Australian Dollar post-Brexit. The Australian Dollar Yield appeal tarnished after the RBA left the door […]

Central Banks to Dominate Proceedings

Tuesday July 19: Five things the markets are talking about Potential monetary policy decisions are currently dictating market moves, whether its bond yields, currency values or equity prices. The European Central Bank (ECB) meets this Thursday and is expected to leave its policy unchanged. That goes for the Fed too, they meet on July 27. […]