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Top trade idea for May 5th, 2016 – NZDUSD

The NZDUSD pair here is forming the c wave of a flat pattern that must be confirmed and this confirmation comes only if market completely retraces wave c in green until that vertical blue line. Going into the NFP tomorrow this is going to be quite interesting in the sense that this abc move in […]

Risk Aversion Continues as Traders Eye Data

It’s been a tough start to the week for equity markets and futures are pointing to a continuation of that on Wednesday, with indices seen opening slightly lower once again. While the week so far has been disappointing, I don’t think there’s anything to be concerned about at this stage. We’ve seen a slight pullback […]

FX5: Dollars Demise Dismissed For Now

Five things the markets are talking about. Trading yesterday was not for the faint of heart. Global markets were shaken by continued weak growth readings in China and Europe coupled with the Reserve Bank of Australia (RBA) surprise decision to lower rates. The various asset price moves were complemented by a significant reversal to the […]

USD/CAD Loonie Falls as Oil Plummets and USD Rebounds

The USD recovered after touching multi-month lows versus majors and investors started taking profits from the oversold dollar position. The Canadian dollar was pushed lower as oil prices tanked with the resurgence of the greenback and more evidence of a split within the Organization of the Petroleum Exporting Countries (OPEC) as Saudi Arabia and Iran […]

APAC Currency Corner – The Aftermath

Aussie rate cut wrong-foots traders The Aussie dollar was trounced in the wake of yesterday’s RBA unexpected 25 basis point rate cut. But it was more than just the rate cut that spooked traders. Last week’s horrendous CPI print played a big part in the RBA’s decision, but Governor Stevens also sounded alarm bells about […]

Dollar’s Demise Highlighted By Pound’s Move

Five things the markets are talking about It was an eerily quite North American trading session yesterday, influenced by a number of the major trading centers engaged in holiday activities. In North America, market volumes were reported on the light side, and this despite U.S. factory activity slipping in April. The same cannot be said […]

Top Trade Idea for May 3rd, 2016 – USD/CAD

USDCAD has been trading quite aggressively lower for the last couple of weeks after a decisive break out of an upward channel connected from May of 2015 lows, which is an important evidence for a change in trend. That said, price of USDCAD is likely going even lower as we assume that this is now […]

Tokyo Slides On Stronger Yen

A 3-percent drop in Japanese shares and weakness in the banking sector kept financial markets on edge on Monday, although stock markets in both Europe and the United States were on track for some minimal gains. With trading thinned by holidays in London and a number of Asian countries, a solid showing for manufacturing sentiment […]

FX5: New Highs For Gold And Yen As Dollar Struggles

Five things the markets are talking about. It’s a bank holiday shortened trading week for some (China, Singapore, Taiwan, U.K and Ireland), but for others it’s expected to be a busy week. The Reserve Bank of Australia meets this coming week – no change in the overnight rate is expected, nevertheless, the odds have fallen […]

Dollar Sinks to 11-Month Low

The dollar headed for its lowest close in almost a year as signs of slowing growth in the U.S. dimmed prospects for a Federal Reserve interest-rate increase. Stocks fell and commodities extended gains in their best month since 2010. The U.S. currency weakened against 13 of its 16 major peers, while the yen headed for […]

Week Ahead in FX: USD Falls After Fed Holds Gives No Rate Hike Hints

The U.S. dollar is lower against major pairs ahead of employment data. The USD depreciated against major pairs after the Federal Open Market Committee (FOMC) decided to hold rates unchanged in April. The Fed’s patience combined with a shocking inaction from the Bank of Japan (BOJ) on Thursday as Japanese central bank also decided to […]

APAC Currency Corner – RBA’s Turn

AUD We have a huge week ahead in Australia, highlighted by Tuesday’s RBA policy review and Federal Budget IN the wake of last week’s tepid inflation report, Traders have been increasingly pricing in the probability of an RBA rate cut, which now stands at 58 percent as per short-term money market futures. With local lenders […]

It’s Oil That’s Driving This Loonie Rally

It’s giddy times in Canada, with newly installed Prime Minister Justin Trudeau winning rave reviews at home and abroad, the nation’s economy generating some of the best positive surprises in the world and the domestic stock market soaring again. And yet all foreign-exchange traders seem to want to know is what’s the latest price for […]

Top trade idea for April 29th, 2016 – USD/JPY

Contrarian traders lead a miserable existence. Around half the time, their trading peers consider them eccentric. Some of the time they suffer as fools, and at times are cast as dangerous lunatics. This is the price of defying popular opinion. However, for a few days a month, or perhaps a few weeks a year, they’re […]

Europe Shrugs Off Fed and BoJ Disappointment

It’s been quite an eventful 12 hours for the markets and yet, European futures appear unaffected, with equity markets currently seen opening only slightly lower on Thursday. The biggest shock overnight came from the Bank of Japan which resisted the temptation to ease monetary policy further despite all of the pieces appearing to be in […]

APAC Currency Corner – Disappointment reigns

USDJPY remains the primary focus after the pair fell off a cliff on the back of yesterday’s Bank of Japan inactivity while Yen buying dominated the stage. There was also subordinate interest in buying the Aussie in the BoJ aftermath. However, in late New York trade risk assets, including the Aussie, took a turn for […]

Top trade idea for April 28th, 2016 – AUDUSD

Back to the AUDUSD pair as it is simply not moving lower no matter what the central bank is doing or how low the CPI can get. The consolidation above is taking place between some very important levels when it comes to the whole retracement and it seems like being a complex correction that just […]

APAC Currency Corner – The Great Central Bank Debate

Over the past day, markets have mostly entered a holding pattern as investors await the outcome of the latest Fed and BoJ policy meetings.  Despite the Bank of Japan hogging the limelight, it’s the Fed that holds the cards and their presence as de facto World Central Banker will be front and centre. The Mighty […]

D-Day For The FED: Now What?

Five things the markets are talking about. The Fed’s two-day conclave ends today with investors eagerly awaiting this afternoon’s statement (no press conference) for any sign of changes in the FOMC’s thinking on rates. Given that Fed officials have shown sensitivity to financial conditions, and that riskier assets such as stocks and high-yield bonds have […]

Top trade idea for April 27th, 2016 – NZD/JPY

The focus for much of the week has been on the FOMC statement, which is understandable given the lack of any clear trend for the dollar and especially for the EUR/USD pair. As it has turned out, the Fed left interest rates unchanged as expected but in a surprise move it has removed from its […]