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Currency Markets in a Flux

Australian Dollar The broader risk-off move that kicked in late last week has triggered currency sell-off in the EM complex while weighing negatively on high-risk currencies such as the Australian dollar. Add in the greenback   flexing its muscle on the back of mounting US rate hike speculation, and  it’s clear why the Aussie is […]

Shooting Stars to Falling Stars

Markets  are focusing on the US economic data flow and the latest musing from the ECB ECB Draghi did more to cloud the picture rather than provide any clarity into the ECB thoughts. Allowing committee members more breathing room, which offers more opportunity to view the market reaction to the ECB tapering “sounding balloon “ […]

Top trade idea for October 20st, 2016 – AUDNZD

Above there is the AUDNZD cross that is shaping up a bearish setup that most likely started with the last move above 1.07. The idea behind this trade is that the current move should be one destined for parity, so it should be no wonder the take profit is close to that area. Trading with […]

Market Focus on Commodity Currencies

Australian Dollar Rockets Higher  Equity markets have posted further gains over the past 24 hours, spurred on by the rally in oil markets when WTI came within a hair of $ 52.00  per barrel, posting a 15-month high at 51.94 on the back of the massive inventory draw on the DOE data. Commodity currencies, championed […]

Entering the Risk Event Vortex

US CPI data overnight was a little bit weaker than expected overnight with the headline rate on consensus at 0.3% month on month, while the core reading was slightly softer at 0.1 $ vs. .2 % expected month on month. The USD sold off initially on the core print, but quickly retraced, given the volatile […]

Lull Before the Storm

It’s been an incredibly quiet start to the week as most currencies remain rangebound, but don’t let this sense of calm fool you, markets may be poised to explode. There is a  multitude of macro themes dominating the current Forex landscape, a Fed hike, ECB, and  BoJ tapering fears, and of course the US Elections. There […]

Top trade idea for October 17th, 2016 – EUR/AUD

Trading opportunities for currency pair: the price has left the triangle formation downwards. The trend line was broken with this departure. The target for the downward movement is 1.3774. The time the target regions will be reached is from 11th to 28th November of this year. As our entry point we need to look from […]

Seeking Policy Direction

Dr Yellen’s Speech  On the surface, Dr. Yellen’s speech could be construed that the Fed is exploring new excuses to keep interest rates lower for longer, hinting that the economy has ‘a little more room to run’ than previously thought, but it is more likely a tactic to calm markets as we draw closer to […]

APAC FX – Sterling Flash-Crash Starts Non-Farm friday

Well, the start of the Asia session has been anything but quiet, with GBPUSD suffering an 8% flash crash only to rally 6% just as quickly. More on this in a moment. Elsewhere the USD rally continues unabated as the market builds to the Non-Farm Payroll (NFP) announcement this evening. A big number will in […]

Top trade idea for October 6th, 2016 – AUDUSD

The Australian dollar is preparing for a bounce against the US dollar and the setup I want to trade today is a small scalping one, in the sense that the consolidation area that you can see above is actually a bullish one. This is coming despite the fact that market seems to be really bearish […]

APAC FX: USD Reigns Supreme as Pound and Gold Fold.

Some life as been injected in markets overnight, as broad USD strength sees a number of ranges finally broken to inject some life into the start of Q4. It seems a confluence of different factors have come together to lift the USD and the currency markets from their self-induced range trading coma of the last […]

Sterling in the Spotlight as Asia Starts the Week

Trading in Asia is subdued today with China on holiday all week. The focus has been in GBP this morning with Theresa May announces that Britain will trigger Article 50 around March 2017 with a full exit of the EU by 2019. This has seen the GBP/USD under pressure this morning.GBP bears may be once […]

Too Big to Fail Redux

A combination of Financial Sector Risk in Europe, Geopolitical concerns, and Federal Reserve Board policy debate have injected a degree of apprehension into markets.Moreover, while WTI continues to hold on to gains, not unexpectedly, the latest OPEC oil patch musings are taking an inferior position as traders kick the oil can down the road until […]

ASIA FX – Oil Leaves USD/ASIA On The Boil.

The aftermath of the surprise OPEC agreement is being felt across Asia today. But in different ways. OPEC pulled a proverbial rabbit out of the hat overnight, with a preliminary agreement to cut production albeit by a minuscule amount. As they say, though, “its the thought that matters” and crude duly rocketed 6% in New York […]

OPEC Agreement in Principle

The big news in markets this morning is that OPEC has agreed to a preliminary deal to cut production. After endless hours of discussion in Algeria, OPEC reached a consensus that a reduction in oil production is necessary. Market share continues to be the contentious issue despite OPEC’s member countries agreeing on a production limit […]

The Great Debate

As we enter the new week, Central Bank Policy qualm has significantly reduced for now. However, the US election risk hovers on the horizon for markets with the first general election debate of the 2016 presidential campaign set for tonight.  Given the highly polarizing and politically divisive cast of characters, could the drama be any […]

NZD: Kiwi’s Wings Get Clipped

The New Zealand Dollar has had a difficult end to the week. Being heavily sold against most of its major counterparts. However, the longer term charts and underlying macro situation mean the picture is not as clear-cut as it seems. New Zealand has been somewhat of a darling recently. A purring economy, an excellent rugby […]

It’s Kickoff Time !

Traders have been patiently waiting for the next 24 hours to unfold which should be chalk filled with high-risk events with BOJ ,FED &RBNZ rate decisions not to mention the much-anticipated speech from the new RBA Governor  Phillip Lowe.  However, it does feel that expectations are low heading into this round of CB meetings and […]

Pound Woes Continue, Focus on Fed and BoJ

Five things the markets are talking about Tomorrow’s double-header with the Fed concluding its meeting and the BoJ announcing something has potential to rock markets, especially FX which is still playing catch up with both bonds and equity price moves for this month. In regards to sovereign yield curves, Fed expectations are controlling the front-end, […]

Asia treads water ahead of “Big Wednesday”

A mostly quiet session in Asia today. We have a Japanese holiday, “Respect for the Aged Day,” although I’ve not noticed anyone being any nicer to me here in Singapore this morning. The street seems to have gone into hibernation mode ahead of the BoJ and FOMC “Big Wednesday.” The USD continues to be generally […]

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