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APAC Currency Corner – It’s US employment data week!

USDJPY – Yen hits the gas Fed chairperson Janet Yellen’s Harvard speech on Friday yielded a significant response from USDJPY traders. The pair moved to the 110.50 near-term resistance level after being mired in very tight ranges most of Friday’s session. On the back of improving risk sentiment, increasing bets on a Fed rate rise after the Yellen-inspired speech on […]

Dollar Direction To Be Dictated By Yellen Today

Five things the markets are talking about Directionless range bound trading continues to dominate proceedings ahead of the bank holiday long weekend in the U.S and the U.K. As has been the nature of trading in May, without fresh impetus, investors are wary about strapping on aggressive new positions. Even with the uptick in ‘hawkish’ […]

Top trade idea for May 27th, 2016 – NZD/JPY

NZD/JPY Anti-trade As a floor trader and market-maker in share options I used to cover 5 stocks actively, and kept an eye on another dozen or so. I was always on the look-out for a free bet – a trade that cost nothing or close to nothing, that had significant upside. In principal, I still […]

Fed Rhetoric On Markets Radar

Five things the markets are talking about To the neutral observer, it’s not a surprise to see the mighty dollar encountering some profit taking of its recent gains ahead of Fed chair Yellen’s speech tomorrow. The bulk of this week’s USD rise has come from consistent jawboning from the Fed’s team. Will Yellen be as […]

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 […]

Dollar Moves Handcuffed To Fed Talk

Five things the markets are talking about With “hawkish” Fed rhetoric remaining equities biggest hurdle, coupled with ‘little’ new U.S economic data, the end of the North American earnings season, and significant event risk in the coming month has investor sentiment shifting cautiously in favor of “wait and see.” This approach continues to have a […]

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 […]

U.S Data Supports New Fed Fund Odds

Five things the markets are talking about Recent data would suggest that the U.S. economy is stabilizing, despite the tough winter. Reports released yesterday showed a pickup in U.S industrial output, continued momentum in the U.S housing sector and firming inflation, all point to stronger growth in Q2. If we add this to mix of […]

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 […]

Market, Not Fed, Caught Behind The Curve

Five things the markets are talking about. A week of consolidated trading is finally coming to an end. It has been difficult for speculators without much market guidance. This week in particular, trading sentiment has been ‘to-and-fro’ due to a lack of market conviction as to whether the sub-par global economic growth scenario is positive […]

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 […]

Brexit, Brazil and BoJ Dominate Markets

Five things the markets are talking about Foreign exchange markets are expected to remain quiet until Friday when the U.S. is scheduled to release retail sales figures, key economic data that should trigger movement among the major currency pairs. However, sterling could be the exception, albeit for a brief period this morning, as today is […]

Top trade idea for May 11th, 2016 – EUR/JPY

The EUR/JPY may have formed a reversal pattern at around 121.70-122.00 area at the end of last week. Price action has been bullish since, with some key short-term resistance levels broken down. However, there has been no confirmation of the reversal yet as the major bearish trend lines are still intact and the daily moving […]

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 […]

NFP Fallout Supports Dollar For Now

Five things the markets are talking about. Historically, the first trading session after a non-farm payroll (NFP) print tends to be the least volatile day of the month, and today’s opening session, thus far, is holding true to that statement. From an economic fundamental viewpoint, the next couple of trading sessions are rather anticlimactic when […]

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 […]

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