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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 […]

Top trade idea for April 25th, 2016 – AUD/USD

Trading opportunities for currency pair: a pinbar with an upper shade of 130 points has formed on the weekly. It’s a shame that the body is bullish. It’s highly likely that there will be a bounce. Look to sell from 0.7760 with a 0.7535 target. If the trend line is broken, set a target at […]

APAC Currency Corner – Bumpy ride this week

We have a very heavy central bank dominated calendar this week, with the Fed, RBNZ, and BoJ all in action. While most of the focus will centre on possible policy action from the BoJ, traders will be looking for forward guidance from both the Fed and RBNZ. So strap in tight we are likely in […]

Top trade idea for April 22nd, 2016 – GBP/AUD

This has been a big downtrend. The Pound has been hit by the Brexit vote while the Aussie Dollar has ridden the wave of an unexpected resurgence in commodity prices. Chief among these has been Australia’s main export, iron ore. Despite a bearish consensus outlook, the spot iron ore price is up 84% from its […]

APAC Currency Corner-Rollercoaster

Rollercoaster ride for Aussie A sharp U-turn in WTI oil prices was all it took to send the Aussie spiralling downwards after touching a 10-month peak. Oil prices swung frantically overnight as oil traders played off bullish comments from the International Energy Agency (IEA) which said non-OPEC production would fall this year by the most […]

APAC Currency Corner – Oil moves markets

The relentless risk rally on the back of surging global equities, compounded by oil prices outperforming, bolstered both Aussie and Kiwi sentiment overnight. Retracing moves from the Doha fallout, in furious activity, the WTI futures (May 2016) tested intraday highs of 41.53 and settled in convincing fashion near the 41.00 handle. However , Brent Crude […]

FX5: Investor Risk Appetite On The Rise

Five things the markets are talking about Are investors back to trading risk? U.S markets started this week under modest pressure after oil producers failed to reach a deal on an output freeze in Doha over the weekend. Naturally, the energy complex started the week gapping lower, along with the commodity sensitive bloc of currencies. […]

APAC Currency Corner – No Doha

It’s all about the sticky subject of oil today. The failure of any capping agreement in Sunday’s Doha crunch talks has hammered oil prices and led to a somewhat negative sentiment across Asia today. The collapse of the oil production freeze summit has caused a wave of selling in the whole commodity block of  currencies at […]

APAC-CURRENCY CORNER – CHINA RETAIL SURPRISE

Aussie dollar resilient The Aussie received support from yesterday’s Australian employment data. The uptick in price action came despite what seems to be an “ annual “  pre-budget debt rating warning issued by rating agencies .  . The strong employment print has taken some sting out of near-term rate cut expectations. But despite some constructive […]

APAC Currency Corner – Commodities on Fire

Aussie Dollar The Aussie was on fire overnight. Traders took cues from firming global equities with commodities prices gaining a foothold amid a broad commodity rally. It was a classic risk-on rally. Iron ore touched the USD 60.00 per ton handle as traders speculated on a pickup in demand from Chinese steel mills. China’s economy […]

APAC Currency Corner -NO MAS

Focus on MAS – USDSGD I do not expect the Monetary Authority of Singapore (MAS) to make any changes to its target band for the nominal effective exchange rate (NEER) at its bi-annual policy meeting. This likelihood comes despite dismal economic growth prospects and inflation running below target due to slumping oil prices. A few […]

APAC Currency Corner-Risk Off Redux

Risk-off redux Risk sentiment is back-peddling once again. Last night we saw declines in both EU and US equities, and investors are seeking shelter under the USD 10-Year Treasury umbrella which saw its yield close below 1.70%. The flight to safe investments has left currency markets treading water amid another wave of “risk off’’ fever. […]

FOMC Minutes to Validate Fed and Markets on US Rate Hikes

After hiking at the end of 2015 the Fed has now lowered Expectations to 2 Raises in 2016 The USD recorded the worst quarterly performance since 2010 as Fedspeak and Fedfacts have clashed. The March Federal Open Market Committee (FOMC) disappointed with its dovish tone, specially after the European Central Bank (ECB) had gone all […]

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