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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 […]

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 […]

APAC Corner: GBP Jumps While ZAR Crashes

A subdued Asia session with most G10 currencies range trading, content to let Asia stock markets take most of the heat after a soft Wall Street close last night. The exceptions being GBP/USD and USD/ZAR. GBP/USD Spiked this morning from its lows this morning at 1.2100 to 1.2325 before falling to 1.2240 before settling higher […]

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 […]

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 […]

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 […]

UK Data, Brexit and Deutsche Bank Remain in Focus

European equity markets are expected to open relatively flat following a quiet session in Asia overnight, with investors remaining focused on the European banking woes and Brexit, while the RBAs slightly dovish stance weighed a little on the Australian dollar. I think traders are seeing a number of reasons to be a little cautious this […]

GBPUSD – Momentum Slowing but Remains Bearish

The pound has come under some significant pressure on Monday following Theresa May’s speech at the Conservative Party conference, in which she laid out plans to activate article 50 by March next year and begin the formal process of exiting the European Union. While this won’t come as a surprise to anyone, it has been the catalyst […]

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 […]

GBP/USD – Pound Unmoved by Solid GDP in Q2

It’s been an uneventful week for the pound, which continues to trade quietly in the Friday session. Currently, GBP/USD is trading at 1.2980. On the release front, there a host of releases from the UK and the US. Britain’s current account deficit narrowed to GBP 28.7 billion, while Final GDP posted a gain of 0.7%, […]

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 […]

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 […]

BoE: UK faces ‘Challenging Period’ For Financial Stability

Britain still faces a “challenging period” for financial stability despite resilience seen after the European Union referendum, and rules for banks must remain stay tight, the Bank of England said on Thursday. Britain’s government is keen to ensure London retains its place as Europe’s leading financial center even after the country leaves the EU, but […]

Top trade idea for September 22nd, 2016 – GBPUSD

It has been a while since we didn’t cover the GBPUSD pair here and there was a solid reason for it: the UK referendum. Before the vote, it was too risky to trade the pair, after the vote, needed some time to see how the pair settles. Having said that, and despite recent Fed decision […]

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, […]

Central Banks Are Coming For FX

Five things the markets are talking about Central banks have certainly woken up the stock and bond markets from their summer slumber, but not yet the FX markets. This week’s events should go along way to rectify that imbalance. With the Federal Reserve and Bank of Japan rate decisions set to dominate this week, expect […]

Week Ahead USD Rises After US Inflation Boost

US inflation continues to move toward the Federal Reserve’s goal The USD rose across the board on Friday, September 16 after August’s consumer prices advanced 0.2 percent beating expectations. The core consumer price index (CPI) rose 0.3 percent ahead of a 0.2 percent forecast. The USD had taken a hit on Thursday after retail sales […]

Dollar Needs Fed and BoJ Guidance

Five things the markets are talking about U.S retail sales and industrial production data yesterday supports the case that the Fed is not going to tighten next week, with many remaining sceptical whether the Fed could pull the trigger at all this year. According to fed fund futures it’s a coin toss for the December […]

BoE Minutes Could Hold Key Policy Clues

The Bank of England meets on Thursday, a meeting that has come back to the forefront of investors’ attention over the last few months following the UK’s vote to leave the European Union. Prior to this, the Bank of England had held interest rates at 0.5% for seven and a half years and there had […]

Canadian Jobs to Hog the Limelight

Five things the markets are talking about Policy inertia by Tier 1 central banks so far this month is contributing to a lack of meaningful price movement amongst the various asset classes. Yesterday, the ECB came and went, insisting that the market move on as Draghi failed to provide any new tweaks to their stimulus […]

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