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Top trade idea for April 29th, 2016 – USD/JPY

Contrarian traders lead a miserable existence. Around half the time, their trading peers consider them eccentric. Some of the time they suffer as fools, and at times are cast as dangerous lunatics. This is the price of defying popular opinion. However, for a few days a month, or perhaps a few weeks a year, they’re […]

Oil Price Stable After Some Profit Taking

Oil futures steadied after setting new 2016 highs on Thursday as traders locked in profits, though analysts said supply disruptions, strong investor appetite and a weakening dollar could push prices higher soon. Brent crude futures were trading at $47.21 per barrel at 1329 GMT, up 3 cents from their last settlement and off an earlier […]

Gold Rises as Fed Holds Rates With no Hike in Sight

After three straight years of losses, analysts are finally prepared to say gold prices have found a bottom, with rising prices seen this year and next as concerns over the pace of U.S. monetary policy tightening fade. Gold analysts polled by Reuters have hiked their forecasts for the precious metal by nearly $100 an ounce […]

Europe Shrugs Off Fed and BoJ Disappointment

It’s been quite an eventful 12 hours for the markets and yet, European futures appear unaffected, with equity markets currently seen opening only slightly lower on Thursday. The biggest shock overnight came from the Bank of Japan which resisted the temptation to ease monetary policy further despite all of the pieces appearing to be in […]

APAC Currency Corner – Disappointment reigns

USDJPY remains the primary focus after the pair fell off a cliff on the back of yesterday’s Bank of Japan inactivity while Yen buying dominated the stage. There was also subordinate interest in buying the Aussie in the BoJ aftermath. However, in late New York trade risk assets, including the Aussie, took a turn for […]

US Crude Lower as Crude Inventories Beats Estimate

US crude futures have posted small gains on Wednesday, reversing the upward trend which marked the Tuesday session. US Crude is trading at $44.09 in the North American session. Brent Crude is trading at $45.93, as the Brent premium stands at $1.84. On the release front, today’s highlight is the Federal Reserve’s monthly policy statement. The […]

Top trade idea for April 28th, 2016 – AUDUSD

Back to the AUDUSD pair as it is simply not moving lower no matter what the central bank is doing or how low the CPI can get. The consolidation above is taking place between some very important levels when it comes to the whole retracement and it seems like being a complex correction that just […]

Gold Steady, Fed Rate Statement Next

Gold has posted slight gains on Wednesday, continuing the upward trend which has marked the past two daily sessions. Gold is trading at a spot price of $1248.13 an ounce in the North American session. On the release front, Pending Home Sales looked sharp, easily beating expectations with a gain of 1.4%. Today’s highlight is Federal Reserve’s […]

APAC Currency Corner – The Great Central Bank Debate

Over the past day, markets have mostly entered a holding pattern as investors await the outcome of the latest Fed and BoJ policy meetings.  Despite the Bank of Japan hogging the limelight, it’s the Fed that holds the cards and their presence as de facto World Central Banker will be front and centre. The Mighty […]

D-Day For The FED: Now What?

Five things the markets are talking about. The Fed’s two-day conclave ends today with investors eagerly awaiting this afternoon’s statement (no press conference) for any sign of changes in the FOMC’s thinking on rates. Given that Fed officials have shown sensitivity to financial conditions, and that riskier assets such as stocks and high-yield bonds have […]

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

The focus for much of the week has been on the FOMC statement, which is understandable given the lack of any clear trend for the dollar and especially for the EUR/USD pair. As it has turned out, the Fed left interest rates unchanged as expected but in a surprise move it has removed from its […]

Oil Rises After Weaker USD and Higher Demand Expectations

Oil prices rose on Tuesday, boosted by a weaker dollar and by expectations that demand could grow quickly enough to match supply this year, although concern over a potential battle for market share between Saudi Arabia and Iran limited gains. Front-month Brent crude futures LCOc1 were up by 59 cents to $45.04 a barrel at […]

Risk Aversion Continues Ahead of Fed/BoJ

We’re continuing to see a little risk aversion in the markets on Tuesday, with investors adopting come caution ahead of this week’s key risk events, the Federal Reserve and Bank of Japan meetings. European equity markets are currently on course to open a little higher but these gains are marginal and at this stage only represent […]

BoC Poloz: Global Trade, Productivity and Economic Growth

Bank of Canada’s Governor, Stephen Poloz, speaking at the Canadian-U.S. Securities Summit in New York this morning. The year 2016 got off to a rough start, with plenty of financial market volatility. Of course, there is no shortage of fundamental issues to worry about: another downgrade to the outlook for global growth, uncertainty about the […]

Pound Squeeze Continues

Five things the markets are talking about. It tough to get excited about these markets ahead of the FOMC (Wednesday) and BoJ rate (Thursday) announcements this week. Investors prefer to remain non-committed ahead of the meetings, choosing instead to wade to the sidelines and wait for a stronger market signal. The Federal Open Market Committee […]

Gold Higher, Markets Eye FOMC Meeting

Gold has posted slight gains on Monday, reversing the downward trend which marked the Friday session. Gold is trading at a spot price of $1240.75 an ounce in the North American session. On the release front, there is only one US event on the calendar. New Home Sales came in at 511 thousand, short of the estimate. On […]

USD/CAD Loonie Lower Awaiting FOMC and Canadian GDP

The Canadian dollar retreated at the start of the week as it gave up the gains from Friday’s strong inflation and retail sales data. The loonie had a horrible start to 2016 after the price of oil tumbled taking along the currency. The actions from Organization of the Petroleum Exporting Countries (OPEC) members and Russia […]

Fed, BoJ, Data and Earnings to Come This Week

We could be in for another rocky week in the markets with particular focus back on the central banks as we get the latest monetary policy decisions from the Federal Reserve and Bank of Japan, the latter of which is expected to announce new stimulus measures. There’s also a number of key economic reports being […]

Caution In FX Ahead Of Rate Announcements

Five things the markets are talking about. This is a big week for capital markets on the Central Bank front. Both the Federal Open Market Committee (FOMC) and the Bank of Japan (BoJ) hold policy meetings. While the Fed is expected to maintain the status quo, Governor Kuroda could ease given the fallout from the […]

Top trade idea for April 25th, 2016 – AUD/USD

Trading opportunities for currency pair: a pinbar with an upper shade of 130 points has formed on the weekly. It’s a shame that the body is bullish. It’s highly likely that there will be a bounce. Look to sell from 0.7760 with a 0.7535 target. If the trend line is broken, set a target at […]

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