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Yen Climbs to 2-Week High on Optimistic BoJ Summary

USD/JPY has posted losses in the Thursday session. Currently, the pair is trading at 116.50. On the release front, the BoJ released its Summary of Opinions. In the US, today’s highlight is unemployment claims, with the indicator expected to edge up to 277 thousand. The yen has climbed to 2-week highs on Thursday, courtesy of a […]

EUR/USD – Euro Edges Higher, US Jobless Claims Next

It continues to be a quiet trading week as we wrap up 2016. Currently, EUR/USD is trading at 1.0450. The markets are likely to remain listless for the remainder of the week, with the markets characterized by thin trading volumes. It’s also a quiet day on the release front. There are no major European releases on […]

Top trade idea for December 29th, 2016 – EURGBP

Ahead of the year’s end, the US dollar is one currency that will be influenced by new positioning in 2017. Therefore, looking at crosses for a trade is the right thing to do. The above chart is the EURGBP cross on the daily time frame, and this one is giving us a great opportunity for […]

USD/JPY – Yen Dips Lower on Mixed Japanese Numbers

USD/JPY has posted slight gains in the Wednesday session, as the pair continues to have a quiet week. Currently, the pair is trading at 117.70. The markets are likely to remain listless for the remainder of the week, as many investors have closed books prior to the end of the year, resulting in thin liquidity […]

EUR/USD – Euro Quiet in Thin Trading

The euro remains subdued in the Wednesday session, as EUR/USD trades at 1.0440. The markets are likely to remain listless for the remainder of the week, as many investors have closed books prior to the end of the year, resulting in thin liquidity in the market. There are no European releases on the schedule, and […]

GBP/USD – British Pound Steady in Light Holiday Trade

GBP/USD has edged lower in the Tuesday session, as the pair trades at 1.2240. On the release front, there are no British events as British markets are closed for a holiday. The UK wrapped up last week with on a positive note, as GDP was revised upwards to 0.7%, edging above the forecast of 0.6%. […]

EUR/USD – Euro Unchanged Ahead of US Consumer Confidence

The euro is almost unchanged in the Tuesday session, as EUR/USD trades at 1.0450. There are no European releases until Thursday. In the US, today’s highlight is CB Consumer Confidence, with the indicator expected to climb to 108.9 points. On Wednesday, the US releases Pending Home Sales, with the markets anticipating a strong gain of […]

Euro Yawns as German Consumer Climate Meets Expectations

The euro remains steady on Friday, the final session before the Christmas holidays. Currently, EUR/USD is trading at 1.0450. On the release front, GfK German Consumer Climate edged up to 9.9 points, above the forecast of 9.8 points. In the US, the week wraps up with UoM Consumer Sentiment, with the markets expecting a strong improvement […]

USD/JPY – Yen Quiet in Holiday Trade

USD/JPY is subdued on Friday, as the Japanese markets are closed in observance of the Emperor’s Birthday. In the US, the week wraps up with UoM Consumer Sentiment, with the markets expecting a strong improvement to 98.2 points. We’ll also get a look at New Home Sales, which is expected to dip to 575 thousand. There […]

Holiday Mode Keeps Participation Light

Five things the markets are talking about Thin trade ahead of the Christmas holiday and shortened trading sessions in several markets sees trading volumes -40% lower than the 30-day average. Stocks, currencies and sovereign bonds continue to move in narrow ranges as investors and dealers remain reluctant to open any new positions ahead of the […]

GBP/USD – Pound Remains Subdued Ahead of US and British GDP Reports

GBP/USD has shown little movement since Tuesday, as the pair trades at 1.2340. On the release front, the highlight of the day is Final GDP. We’ll also get a look at Core Durable Goods Orders and unemployment claims. There are no UK releases on Thursday. On Friday, the US publishes New Home Sales and UoM Consumer […]

CANADA: Consumer Price Index, November 2016

The Consumer Price Index (CPI) rose 1.2% on a year-over-year basis in November, following a 1.5% gain in October. 12-month change in the major components Prices were up in six of the eight major components in the 12 months to November, with the shelter and transportation indexes contributing the most to the year-over-year rise in […]

Top trade idea for December 22nd, 2016 – AUDUSD

The chart above is the daily AUDUSD and we’re looking at a possible zigzag pattern as explained on the top of it. A zigzag is formed by two impulsive waves, the a and c-waves, and a small correction for the b-wave. That small correction seems to have completed with the US election when the US […]

EUR/SEK Breaks Key Support Post Riksbank

SEK rallies against EUR post-Riksbank rate decision and QE extension, attacking key support at 9.6755. It’s not really supposed to play out this way. The Swedish Central Bank has just announced it is holding rates at -0.5% and is continuing QE yet the SEK rallies strongly against the EUR? The headlines make for pretty dovish reading. […]

Stocks, Bonds or FX: Which is Irrational?

Five things the markets are talking about Stocks, the dollar and U.S yields are trading at lofty heights on the “potentials” of Trump’s fiscal stimulus packages – details not yet disclosed. Nevertheless, one of these asset classes, more than the others, does seem to be out of sync with reality. Last week, the Fed’s Yellen […]

USD/JPY Rises as Bank of Japan Holds

The Bank of Japan votes for no change by a majority of 7-2. USD/JPY rises 40 points. The BoJ has held fast as expected. (see below) *(JP) BOJ LEAVES INTEREST RATE ON EXCESS RESERVES (IOER) UNCHANGED AT -0.10%; AS EXPECTED Votes 7-2 to keep policy unchanged Keeps 10-yr JGB yield target at ~0% Will keep […]

Dollar Boosted by Yellen; Risk Aversion

Five things the markets are talking about Volatility across regional indices and major currency pairs remains seasonably compressed despite the geopolitical nerves in Europe. Sovereign debt saw a relatively strong bid over the last session on heightened geopolitical risk – a Russian ambassador was shot and killed by an off-duty policeman in Turkey in defiance […]

Yen Rallies Ahead of BoJ Decision

US futures are pointing a little higher at the start of what is likely to be a relatively quiet week, as the Dow targets another assault on the psychologically important 20,000 level that has so far eluded it. The Dow has come close to breaching 20,000 on multiple occasions over the last four days but […]

Dollar Bruised, but not Battered Just Yet

Five-things the markets are talking about The dollar and sovereign yields fell overnight while Asian shares printed a new monthly low as the market cashed in some of their recent bets on Trumponomics and the ‘reflation’ trade. This will be a light week on many fronts – liquidity and fundamentally. The Bank of Japan (BoJ) […]

Week Ahead Bank of Japan in the Spotlight

BOJ weighing next action after Fed rate hike The USD is higher across the board after the Fed finally announced its much awaited rate hike. The market had already priced in the 25 basis points rate hike to the Fed funds rate, but the hawkish tone of the FOMC statement, dot plot and Fed Chair […]