Currency

BOJ Preview: Expectations, Forward Returns And Some Charts! | USD/JPY, EUR/JPY, NZD/JPY With action finally expected from BOJ, it should create volatility for traders regardless of whether they act or not. BOJ surprised markets on the 29th January 2016 by going into negative rates of -0.1, a move that was designed to achieve 2% inflation “at […]

AUD Remain Bid Ahead Of CPI | AUD/USD, AUD/ZD, EUR/AUD If Australian CPI can simply hit target tomorrow, we could see a higher AUD in the current trading environment. CPI is expected to rise tomorrow to 1.7% YoY according to a Reuters poll, up from 1.6% in Q2. However, the RBA’s preferred gauge is the […]

DXY and EUR/USD Retreat From Key Levels Ahead Of Fed Traders have become less bullish on the USD recently. As of last Tuesday, traders had reduced net-long exposure on DXY to a 6-week low. Bullish exposure fell -6.2k contracts (its largest bullish reduction since March) and the move was fuelled by closure of longs and increase […]

The dollar remains under pressure and could well go on to print new lows. Yet over the near-term, could be due a bounce. By Friday’s close, it was the worst 12-day trading period for the US dollar index (DXY) since August 2018. And whilst it remains within a bullish channel, the magnitude of its decline […]

After the UK made it public to exit from the EURO bloc, the market cap for Bitcoin and Gold has increased almost by $133 billion and $1 trillion. Is this the Brexit aftermath? As it is, the end may be near for Brexit. In the recent declaration an accord is reached between the British government […]

GBPUSD Price Analysis – October 20 The GBPUSD had closed on Friday above its opening price after recovering from early selling pressure and trending higher for the 4th day consecutively in a row. After failing to reverse from its highs, the FX pair is unstable and due to weekend UK parliament vote on Brexit, with […]

The British parliament’s first weekend sitting in 37 years saw the Letwin amendment triggered, yet reports that the government may have the votes to secure a deal saw GBP evade weekend gaps. This weekend the British Parliament held its first weekend sitting in 37 years to debate Boris Johnson’s Brexit deal. Cobbled together at the […]

Weekly COT Report: Yen Traders Flip To Net-Short As of Tuesday 15th October: Traders increased net-long exposure on USD by $2.1 billion to $20.4 billion, their most bullish stance in 17 weeks (up $2.1 billion to $23.3 billion against G10) Large speculators flipped to net short on the Japanese yen The largest weekly change among FX […]

Whilst Bojo prepares for his showdown with parliament over the weekend, we look at implied volatility levels for Brexit-related markets No sooner had newswires frantically announced that a Brexit deal had been agreed, the DUP reiterated their views haven’t changed, meaning it’s unlikely to get through parliament his weekend, resulting jolts across GBP pairs and […]

We’d like to refer to an older article from June, where we outlined a bearish case for USD/CAD against the bullish trend. Using a change of market positioning and a bearish divergence with MACD, we argued a break of the bullish trendline was favoured and that it could be carving out a topping pattern. Indeed, […]