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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 […]

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 […]

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%. […]

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 […]

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 […]

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 […]

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 […]

APAC: The USD Takes a Rest in Asia

After a quiet weekend on the news front, it looks like some USD profit taking has set in on USD longs as the holiday wind-down gets underway. I suspect Changi and Hong Kong Airports were busier over the weekend then Asia markets this morning, as the great Expat migration home for the holidays got underway. […]

Halfway Point for December Holiday Volatility

Five things the markets are talking about Investors are taking a breather from assimilating the probability of three-Fed rate hikes for 2017. The ‘mighty’ dollar, ruling on rate differentials, has fallen back from its “dozen baker” highs against a plethora of currencies. Given the likely higher than expected rate of monetary contraction next year, the […]

King Dollar

The markets continue to trade on the backdrop of the FOMC meeting.While the US dollar remains king of the hill, the USD and US Treasuries sold off the  ” yield” tops after the US core CPI for November came in a whiff lower than expected. But this was more a case of data inspired profit taking as […]

Dot-Plot Blindness has Dollar Bears Bailing

Five things the markets are talking about The Fed did not surprise, they did what was expected of them on the headline, but it’s their foresight that has capital markets wildly gyrating. The big takeaway from yesterday’s FOMC meeting is the increase in the pace of tightening that’s been signalled for next year. Policy members […]

Will the Fed Deliver a Wake-Up Call to Markets?

US futures are trading relatively flat ahead of the open on Wednesday, with traders opting for the cautious approach ahead of the final Federal Reserve decision of the year and a selection of economic releases. Traders have been very bullish in the lead up to the meeting which is expected to produce the first and […]

Fed Lift Off Starts Today – What Else Should We Expect?

Five things the markets are talking about Today’s Fed meeting is of critical importance, not only for what it says about any change in interest rates, but also for what it signals about the path ahead. U.S policy makers are expected to hike +25bps for the second time in a decade at 02:00pm EST, motivated […]

Top trade idea for December 13th, 2016 – USD/CHF

On theDailychartofUSDCHFwe are looking at a higherdegreecomplexcorrection, a threewave A-B-C rise ofwave IV, thatseems to be in actionsinceendof December of 2014. Thatsaid as wecansee, pairrecentlycompleted a triangle correction in theconnectingwave B andmade a sharpreversalhigher, abovethe sub-wave D swing. As suchwenowbelievepricemayunfold a five-wavedevelopmentwithinthefinalwave C of Y), beforemaking a higherdegreeimpulsivedroptowardsnewlows. Ideallypricewill make a run towardsthe 1.0700/1.0750. USDCHF, […]

Spike in Crude Push U.S Yields Through Key Levels

Five things the markets are talking about On the calendar front this is a busy week in capital markets. The Fed is expected to increase fed funds for the first time in 12-months. On Wednesday, the FOMC will issue both its policy statement and quarterly forecasts while Janet Yellen will take questions that will bridge […]

Stormy Week ?

As we approach only the second  Fed rate hike in a decade,  Bond Traders took bond yields higher as not only do they view a Fed hike as  certain but continue to increase their bearish positions by sounding the inflation alarm bell as the UST 10 year rose to 2.48, the highest close since June […]

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