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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 […]

USD/CAD Weak Canadian Sales Hurt Loonie

The Canadian dollar continues to depreciate against the U.S. dollar after the U.S. Federal Reserve published the minutes from its April Federal Open Market Committee (FOMC) meeting on Wednesday. The notes were surprisingly hawkish and put the June FOMC back on the table as a possibility of a rate hike. The interest rate divergence that […]

USD/CAD Loonie Struggles Against Rising USD

The Canadian dollar dropped to a one month low as the effects of the hawkish Federal Open Market Committee (FOMC) minutes released on Wednesday. The USD has gained across the board versus majors as the U.S. Federal Reserve changed market expectations with the release of the notes from the April 27 meeting. The April FOMC […]

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 […]

Top trade idea for May 19th, 2016 – GBPUSD

GBPUSD acting extremely bullish as the day the Fed released the minutes, namely yesterday, a poll in the UK showed that the sentiment is leaning toward a stay at the upcoming EU referendum. It was enough for the pound to squeeze all over the board and even the fact that the minutes were bearish was […]

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 […]

Top trade idea for May 18th, 2016 – USD/CAD

The US dollar has eased of its best levels after rebounding across the board following the release of some strong US macroeconomic pointers on Tuesday.  Meanwhile, the Canadian dollar has weakened against most major currencies despite the fact crude oil prices have repeatedly hit new 2016 highs this week. Consequently, the USD/CAD pair has been […]

USD/CAD Loonie Mixed Ahead of FOMC

Canadian manufacturing struggles to regain traction after March manufacturing sales fell 0.9 percent. The silver lining was that economists were expecting a worst fall by 1.9 percent but still show a decline in 16 of 21 industries. The better than expected data was offset by a downgrade of last month’s figures who is now a […]

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 […]

Top trade idea for May 17th, 2016 – NZD/USD

On the 4H chart of NZDUSD we are observing an idea of an ending diagonal placed in the last blue leg C, that was recently completed, as sharp reversal through the lower trend line might have just started a new bearish cycle. As of now we think that the first impulsive leg was red wave […]

USD/CAD Loonie Rises as Oil Gets End of Glut Call

The Canadian dollar rose against the USD as oil prices surged after several oil disruptions have kept global production lower and Goldman Sachs has now called an end to crude oversupply. The investment bank had previously had a $20 call on oil prices, but now analysts are seeing stockpiles shrink with higher demand and lower […]

Top trade idea for May 16th, 2016 – USD/CHF

Trading opportunities for currency pair: the USD/CHF has crept up close to a strong resistance. A break at 0.98 is expected and then a strengthening of the USD against the franc to 0.9940. Look to buy dollar only after a break in the level and a consolidation above 0.98 that doesn’t last long. The last […]

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 […]

Top trade idea for May 13th, 2016 – USD/CAD

Dollar Train Leaving the Station The most crowded trade of 2015 – long USD – has burnt holes in many pockets over the last six months. Although weaker US data helped, the circa 8% fall in the US Dollar index is at least partly attributable to the one-way positioning of the market. However, the USD […]

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 […]

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