Currency

Since RBNZ surprised markets with a 50 bps cut this month, NZD/JPY has coiled below key resistance as it builds up energy for its next directional move. How prices react around resistance could be the key for way it breaks next. Whilst we see the area around 69.30 as pivotal, we are open to a […]

Whilst AUD remained confined within its range, we continue to look out for range expansion. Summary of RBA’s August minutes Further easing is widely expected around the world AUD recent fall to support exports Consumption supported by tax rebates and stabilisation in housing market Reasonable to expect an extended period of low rates Appropriate to […]

Weekly COT Report: Yen Remains In Demand As of Tuesday 13th August: Traders were net-long USD by $12.3bn overall, and $16.6bn against G10 currencies Large speculators are their most bullish on the Japanese yen since November 2016 The yen also saw the largest weekly change among FX majors, with traders adding +14.2k contracts to their […]

AUDUSD Price Analysis – August 15 The bears were in full control moving the market lower in the prior session, although in the present session we see the pair found buyers around the level at 0.6748 for the 4th day in a row while the pairs bear dominance is evident falling to lowest close since […]

EURJPY Price Analysis – August 16 The pair depreciated again in value against the Japanese Yen. The currency pair during the mid-week breached both the upper and lower horizontal lines on the moving average 5 and 13 while completing another lap on the low in today’s session towards the low level at 117.50. Key Levels […]

With the Fed widely expected to cut rates later today, we take a look at market returns for FX majors, commodities and the S&P500 following such an event. Using Fed Funds data from 1971, we filtered the Fed cuts and calculated average, forward returns up to +20 after a cut to see if we can […]

Ripple (XRP) Price Analysis – July 24 After testing the long-term demand zone ($0.28 – $0.29) last week, the market saw a little price growth to the $0.34 area, from where the XRP bears stepped back into the market. As of now, the price is steadily falling back to this demand zone. However, the cryptocurrency […]

The lack of market driving news and the pending ECB meeting on Thursday has seen volatility well contained across FX markets this week. We don’t expect that to last. Whilst there is some speculation that ECB could ease this week, we believe it to be more likely they’ll use Thursday’s meeting to lay the groundwork […]

Weekly COT Report: USD Long Exposure Drops To A 3-Month Low As of Tuesday 16th of July: Net-long exposure for USD hit a 13-month low at $11.66 billion ($16.4 billion against G10) Traders are their most bullish on CAD futures since March 2018 Sterling traders extend net-short exposure to a 10-month high FX majors weekly […]

EURJPY Price Analysis – July 19 Given that the money swapping scale has turned around from the lower limit of a slipping trendline design, almost certainly, the pair could go for the upper band of the channel design at 122.29 before the finish of the present exchanging session. Key Levels Resistance Levels: 127.52, 123.01, 121.66 […]