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APAC Currency Corner – Traders are warming to Fed summer rate hike?

The Greenback continued moving higher on Tuesday on the back of supportive US home sales data, which came in 619k versus just 523k expected, one of the best level seen since 2008. The Aussie – topsy-turvy times There was a moderate nosedive in the Aussie overnight on the back of the RBA’s Glen Stevens, who was making […]

APAC Currency Corner – June rate hike countdown

The Aussie With little in the way of fundamental drivers this week, the Aussie should be at the mercy of USD border moves and investor risk sentiment as the markets continue to churn on the heightened prospect of a US interest rate hike. Equity markets ended last week on a firmer note. The S&P500 rose […]

Top trade idea for May 20th, 2016 – AUD/JPY

On Alert in AUD/JPY Writers are often advised to read widely. The idea is that the greater the input, and the range of the input, the better the output. The same is true for traders. The more and varied sources of market information, the more potential trades. The challenge is that there are so many […]

Fed In “If” Mode

Five things the markets are talking about Yesterday’s FOMC minutes indicate that the bank was in “if” mode, as in, if data supports a rate hike, U.S policy makers ‘could’ increase rates at the next meeting on June 14-15. Accompanying the “if” message were the usual disclaimers – the bank is of course concerned about […]

APAC CURRENCY CORNER – G7 MEETING IN CROSSHAIRS

Yen – GDP better than expected The correlation between USDJPY and US equities is back in play as you can virtually overlay Yen movements with the latest gyrations in S& P futures. So traders will be paying particular attention to investor risk sentiment for USDJPY moves. Overnight US equity markets gave back almost all of Monday’s gains on Tuesday, […]

Brexit Poll Puts Leave Camp Ahead

Five things the markets are talking about The Fed is having a tough time getting its own message across; you know the one that U.S rate normalization has begun. The Fed believes that market participants are caught behind the curve; by under pricing future Fed rate hikes. Later this morning, in this holiday shortened trading […]

APAC Currency Corner – Weekend Worries

The trifecta of the closely watched Chinese economic metrics surprised on the downside over the weekend. This negative data should dictate this week’s risk environment, for the early part at least. However, in early trade markets have been mixed. China Data Retail Sales figures, typically a rosy spot for China’s economy, underwhelmed by printing +10.1% YoY […]

APAC Currency Corner -Waiting Game Retail Sales

The Aussie On the Aussie dollar, a few themes have played out over the past 24 hours. Given the expectation of more aggressive monetary policy easing from the RBA, traders continue to fade commodity-inspired rallies on the AUS/USD.  While the currency has been able to cushion the heightened probability of more rate cuts, it will […]

Top trade idea for May 12th, 2016 – AUDUSD

Back to the audusd pair as despite looking bullish in relation with its inversed correlation with the usdcad pair, price action and pattern call for lower levels and if anything this is a risky trade. The thing is that the move to the upside from the 0.70 area is not impulsive no matter how one […]

APAC Currency Corner – the calm before the storm?

Things seem a little quiet in Asia Pacific as markets take a breather from some recent volatility. The danger of these calmer waters is always that sudden shock of a tidal wave from the Fed, China or another central bank tinkering with its monetary policies. For now, it looks like markets are heading for a […]

APAC Currency Corner -NFP Ambivalence

YUAN Over the weekend, China’s trade balance saw exports slump nearly 2% in April compared with the same month last year. Shocking the market was the 11% decline in imports, another sign that economy continues to stagnate due to tepid domestic and external demand. Negative on both areas of trade illustrates the ongoing economic issues […]

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 […]

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 […]

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 […]

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 […]

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