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Dollar Reluctantly Grinds Higher For Now

Five things the markets are talking about Rate differentials continue to support the “big” dollar, as it grinds higher across the board after a number of Fed speakers yesterday again lent their support for higher rates. St. Louis Federal Reserve President James Bullard said December was “most likely” the best time for a tightening of […]

Dollar Bulls Await Fed Speakers Support Today

Five things the markets are talking about With less than three-weeks until the U.S. elections, concerns over a “hard” Brexit and earnings season underway, is expected to see market volatility slowly pick up. Despite current U.S election polls indicating that Ms. Clinton is consolidating her Democratic lead over Trump, there are number of risks: A […]

Week Ahead US Growth to Boost Dollar

December interest rate hike optimism has lifted the USD to 8 month highs Fed member comments and economic indicators showing sustained growth have convinced investors that the U.S. Federal Reserve will raise the Fed funds rate when its meets at the end of the year. The CME FedWatch tool is now at a 70 percent […]

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 […]

EURGBP – 7-Day Support Broken After UK CPI Data

Sterling is on the rise on Tuesday, spurred on by higher than expected UK inflation data that cast doubt on whether the Bank of England will still consider easing monetary policy again this year. The rally in the pound prompted a break of technical support against the euro, which had held over the last week […]

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 […]

Week Ahead ECB and US Inflation to Headline Busy Week

Central banks, Chinese GDP and U.S. inflation expected to impact market The USD advanced against most majors with the Canadian and Australian dollars the outliers as commodity prices continue to rally after the Organization of the Petroleum Exporting Countries (OPEC) production cut deal was announced. Chinese data is once again in the spotlight with the […]

APAC Corner: China Data Disappoints

Disappointing trade data from China this morning saw Asia equities marked lower with a knock-on weaker USD in the G10 space. China’s trade data showed exports falling to their lowest levels in six months this morning. Import growth also missed to the downside, both in USD and CNY terms. 10:00 *(CN) CHINA SEPT TRADE BALANCE […]

EUR/USD – Euro Dips Lower Ahead of German Economic Sentiment

EUR/USD continues to lose ground this week, as the pair trades slightly above the 1.11 line in the Tuesday session. Today’s highlights are the German and Eurozone ZEW Economic Sentiment reports, with the markets expecting both indicators to show improvement for October. There are no major releases out of the US. On Wednesday, the Federal […]

FOMC Minutes and Earnings Key This Week

It’s been a slow start to the trading week, as a lack of news flow in Europe and Asia, combined with bank holiday’s in Japan, Canada and the US hit trading volumes and switch attentions to big events later in the week. The most notable of these comes on Wednesday with the release of the […]

Week Ahead Pound Flash Crash Eclipses NFP

December Rate Hike still on the table despite weak jobs report The main story this week in the markets was the flash crash of British pound on Friday. The currency lost 6 percent in under two minutes at the start of the Asian trading session. There are multiple theories on what sparked the move with […]

Jobs Report Eyed After Sterling Flash Crash

It’s been a crazy start to trading on Friday, with the flash crash in the pound overnight coming ahead of what was already expected to be a volatile session as we get the September payrolls data and speeches from four Fed officials. The cause of the crash in the pound is still unknown, with a […]

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 […]

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 […]

Week Ahead US Employment Data to Guide Market

US jobs to refocus market on fundamentals The USD was mixed against majors. The U.S. dollar appreciated against the JPY and the CHF but traded lower versus commodity currencies and the EUR and the GBP after a surprise Organization of the Petroleum Exporting Countries (OPEC) supply cut agreement and signs of a settlement between the […]

Deja Vu in Capital Markets

Five things the markets are talking about Despite having already seen the script, investors seem unwilling to improvise, but prefer to act out what’s gone before. This week is closing out with markets shifting their focus from rallying energy on an OPEC output cut, to financials as Germany’s Deutsche Bank bears the brunt of liquidity […]

Top trade idea for September 30th, 2016 – EUR/NOK

Wondering why EUR is holding up so well against major currencies? Keen to trade oil, but put off by higher volatility? EUR/NOK offers exposure to both themes in a single trade. Oil production is 15% of Norway’s GDP, and around 40% of exports. Naturally, the NOK is highly sensitive to oil price moves, and the […]

Top trade idea for September 29th, 2016 – EURUSD

Despite the general belief that the EURUSD is going to the moon, as it is extremely well-bid, my take here is that at least a move lower to mid-1.10 area is in cards. What I’m looking for here is the end of a contracting triangle as part of a terminal impulsive wave and that triangle […]

Week Ahead Central Bank Patience Left Unanswered Questions for Markets

The BoJ and the Fed kept rates awaiting further economic data The USD is mixed against major currencies after a week filled with central banks statements but little action. The Bank of Japan (BOJ) and the U.S. Federal Reserve published their respective rate statements less than 24 hours between them. The status quo was maintained […]

Volatility Compressed, Yield Curves Flatten, Dollar Hangs In

Five things the markets are talking about It’s no surprise to see volatility compressed for a second day and sovereign yield curve flatten as markets and investors process this week’s central banks (FOMC and BoJ) ripple and settle on a coin toss for a December Fed hike. With the Fed on the fence, much of […]

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