All trading involves risk.
All trading involves risk.
Janet Yellen passes the Fed Chair baton on to Jerome Powell next week as she chairs her final FOMC meeting. How will history judge her?
Australian CPI is a core focus for traders and the RBA tomorrow. As we mentioned yesterday, it could become a volatile event if we land either side of the forecast figure. And implied volatility (as the name suggests) seems to think it could become one.
Last week was a rough one for the FTSE 100 with index down over 65 points. Moreover, it would have been a lot worse had it not been for Friday’s fightback which saw the FTSE 100 rally just shy of 50 …
Australia’s CPI will be the core focus for AUD traders on Wednesday. If inflation remains below 2% as expected, it will mark two years since it dropped below RBA’s 2-3% band.
Shocking revelation: US stocks are in an uptrend!
Far from being "breaking news", the consistently strong performance of the major US (and international) equity indices is taken for granted by …
With the dollar in freefall, Jamie Dutta discusses the move with EUR strength likely to be addressed by Mario Draghi tomorrow at the ECB meeting.
The US Dollar Index sank to new lows today in Asia, finally breaking out of a tight range we highlighted last week. The straw that broke the camel’s back will always be up for debate, but it’s fair to say more than a few forces have worked against the Greenback this week.
USDCAD is coiling above recent lows ahead of the latest round of NAFTA talks, a week-long event which could prove binary where Canadian Dollar strength is concerned. Matt Simpson takes a technical look.
Based on the continuing uptrend in the stock market, investors are relatively unperturbed. Even the US dollar has stabilized above the key 90.00 level this week, despite increasingly dire headlines out of Washington. While we always prefer to take a "glass half full" outlook, it's worth exploring what could happen to stocks and the dollar if the government is indeed forced to shut down tonight.
The dollar has continued to be sold this year but some technical patterns this week offer potential support. President Trump's discontent with China lurks in the background.
With many believing we are coming to end of the low interest rate era, Trevellyan Ward discusses RBS as a potential long.
AUDCAD has stalled beneath a pivotal zone of resistance as we approach the BOC policy meeting and Australian employment report. If we are to see a divergent theme materialise between the two events, we could expect price to provide a decisive break or firm rejection of this resistance area.
Broad USD weakness helped Cable break and close above 1.3660, a level it hasn’t traded above since the EU Referendum. And whilst the breakout appears a little stretched near-term, higher timeframe momentum could favour bullish setups further out.
USD/JPY has sold off dramatically this week and Jamie Dutta discusses this move and the wider picture for this major.
The Australian Dollar was given another boost today after retail sales far exceeded expectations. Poking its’ nose to a 3-month high before edging low, the move follows on from an impressive run since the 8th December low. As AUDUSD is the stronger pair on a relative strength basis (with AUDGBP hot on its heels) we’re keen to explore bullish opportunities if conditions allow.
Matt Weller, CFA, CMT
The "pain trade" refers to the tendency of markets to deliver the maximum amount of punishment to the most investors. In essence, a pain trade is when a major asset moves …
The weaker USD has also strengthened commodity currencies which helped CADJPY, NZDJPY and AUDJPY enjoy the past few weeks of trade. Yet another pillar of support is provided to CADJPY via higher expectations for Bank of Canada (BOC) to hike next week.
Euro’s rally stalled below the 2017 high just as gross long positioning reached fresh levels. So is a breakout or retracement imminent? We’re keeping a close eye on the 1.20-1.21 area for clues.
Following a relatively small pullback to 1.7416, yesterday’s bearish engulfing candle suggests a swing high may have formed, or at the very least is making an attempt of one. So our attention now shifts to 1.7211, as a break beneath the December low opens up a potential run for 1.6896-928.
With the goldilocks global economy set to roll on for another year, the current environment should remain supportive for risk markets and assets. This cyclical environment – broadening growth with …
Helped by a weaker Greenback and record levels of gross-long Euro exposure, EURJPY broke to a 26-month high by the close of 2017. Yet whilst the potential for a crowded Euro trade may surface this …