Currency

A summary of the weekly Commitment of Traders Report (COT) from CFTC to show market positioning among large speculators. As of Tuesday 7th May: Large speculators trimmed USD exposure by -$0.72 billion against G10 currencies and remain long by $38.9 billion. Traders were their most bearish on Euro futures since December 2016 Net-short exposure on […]

Bitcoin (BTC) Price Analysis – May 11     Bitcoin’s momentum has been fast trending higher since the April 2 price increase which confirmed a bullish dominance for the market. As of the time of writing, BTC is trading around $6700 after surging to $7k earlier today. We can expect a further high level to […]

The US pulled the trigger, as promised, and hiked tariffs on Chinese imports, although trade talks are to continue on Friday. As we noted into today’s handover, the US hiked Tariffs from 10% to 25% on $200bn of Chinese goods. Within minutes, China vowed to retaliate although they stopped short on details. Looking at data from […]

The US have hiked tariffs as promised, although trade talks are set to resume in the US later today. Whilst this provides a glimmer of hope for a trade deal to be reached, the reality is we need to brace ourselves for a no-deal outcome. Either way, we expect trade talks to have a binary […]

USD/CNH hit fresh highs ahead of high-stakes trade talks, a currency move which will surely irk the president and have a large impact on markets if Yuan weakness is sustained. If momentum is persists it could be headed for 0.6920 and 0.6980 if Beijing allow. Over the near-term we’ve seen USD/JPY hold above its cycle […]

Binance Coin (BNB) Price Analysis – May 8     For the past two weeks, Binance Coin trading has been trending below the last high due to the supply forces in the market. As a result of this, the sellers appeared to be gaining control of the market. If the buyers manage to position trade […]

RBNZ cut rates for the first time since November 2016, taking it to a new record low of 1.5% today. Yet whilst NZD is broadly lower, RBNZ’s hint 1.5% is it for now could limit downside over the near-term. Summary of the statement: (OCR) has been reduced to 1.5 percent Lower OCR necessary to support […]

Trade talks in Washington are set to resume today and it could be a binary outcome for global sentiment. As Matt Weller pointed out, the US-China trading relationship (or lack of) will have dramatic impact on global markets and with a general lack of news-flow beyond the RBNZ meeting shortly, this is the only game […]

After much anticipation, the RBA opted to held rates at 1.5%, making it the 30-consecutive meeting without a change of policy since lowering rates to record lows. That doesn’t mean they’re out of the woods yet though… Looking at the differences between the April and May statement, the RBA continue to remain optimistic over employment […]

The RBA and RBNZ meetings are on our doorstep (RBA up in less than 2 hours) and with either having the potential to cut rates, we could be in for a lively 24hrs for AUD and NZD. The two main factors which have traders preparing for a rate cut tomorrow is RBNZ shifting to a […]