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Metal pack is down today. Performance this week at a glance in chart & table - Gold: Gold is down despite risk aversion in the market. Today’s range $1322-1330.5 We expect gold to reach $1520 Gold is currently trading at $1325/troy ounce...
One of a handful of currencies where we do not mind earning the fat vol carry on offer is BRL. Front-end USDBRL vols have popped higher over the past two weeks alongside a bounce in the spot, and are once again packing in a sizeable 4-5 % pts. of premium in comparison with trailing realized vols...
Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table. Oil (WTI) – WTI is down as the market got hit by risk aversion. Today’s range $44.7-45.7 WTI is currently trading at $45/barrel. Immediate support lies at $42 area and resistance at $50.2 area...
Dollar index trading at 95.29 (+0.02%) Strength meter (today so far) – Aussie -0.16%, Kiwi -0.08%, Loonie -0.62% Strength meter (since last week) – Aussie -0.16%, Kiwi -0.08%, Loonie -0.62% AUD/USD – Trading at 0.752...
Market Roundup USD/JPY -0.65%, EUR/USD -0.12%, GBP/USD -0.15% DXY +0.13%, DAX -1.97%, Brent -1.5%, Iron -1.97% Asian stocks fall after WST drop and Europe follows China state-owned bks selling USD to support CNY-Traders...
Market Roundup USD/JPY -0.65%, EUR/USD -0.12%, GBP/USD -0.15% DXY +0.13%, DAX -1.97%, Brent -1.5%, Iron -1.97% Asian stocks fall after WST drop and Europe follows China state-owned bks selling USD to support CNY-Traders...
The Canadian government bonds continued to trade lower Monday after the Bank of Canada maintained its key interest rate on hold at 0.5 percent as the central bank continues to anticipate a sound economic growth in the second half of 2016...
The rebound in Turkey’s core-inflation continues to be gradual, therefore accelerated rate cuts would not underpin the Turkish lira. Unsecure politics would contribute to the volatility in the currency. However, since the U.S...
Dollar index trading at 95.28 (+0.00%) Strength meter (today so far) – Euro -0.06%, Franc +0.07%, Yen +0.61%, GBP +0.17% Strength meter (since last week) – Euro -0.06%, Franc +0.07%, Yen +0.61%, GBP +0.17% EUR/USD – Trading at 1.122...
The 10-year US Treasury yield broke above its August high of 1.63 percent by several basis points Monday, following Fed official Rosengrens speech that suggested that he favours a prompt rate hike. Also, we foresee that it will break June high of 1.74 percent on Fed rate hike expectations...
In correlation space, around 20% (see above chart), with USDJPY vols having taken off since early June in anticipation of the September BoJ meeting even as EURUSD and EURJPY vols have floundered...
Major support- 1.118 (90- day EMA). Major resistance – 1.12650 EUR/USD has declined sharply after making a 1.12637 at the time of writing. It is currently trading around 1.2232. On the higher side, any break above 1.12650 will take the pair till 1.1300/1.13270/1.1360...
USD/CAD posted small gains over the week, despite some strong movement in both directions. The pair closed the week at 1.3032. This week’s highlight is Manufacturing Sales. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD...
The Japanese yen rebounded last week, as USD/JPY dropped 140 points. The pair closed at 102.51. There are only three events this week. Here is an outlook for the highlights of this week and an updated technical analysis for USD/JPY...
The New Zealand dollar reached new levels last seen in 2015 but could not reach the promised land of 0.75. The GDP release is the main event for the upcoming week. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD...
AUD/USD jumped above the 0.77 line last week, but was unable to consolidate at these levels. The pair ended the week with small losses, closing at 0.7539. This week’s key event is Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD...
GBP/USD climbed to 9-week highs but was unable to consolidate and posted small losses last week. The pair closed the week at 1.3262. There are nine events this week. Here is an outlook on the major market-movers and an updated technical analysis for GBP/USD...
EUR/USD made a move to the upside but could not go very far as the dovish tone still prevailed. He has another public appearance this week. An important German survey and final inflation numbers stand out in the upcoming week...
The US dollar had a rough back-to-school week, but it made a comeback later on. Inflation data in the UK and the US, GDP data in New Zealand; rate decisions in the UK and employment data in the UK and Australia stand out. These are the top events on FX calendar...
Everyday at Sidney's opening time, according to some volatility and direction parameters analyzed on the world's majors USD , EUR , GBP , JPY , I purpose my advise on the likely scenario, within the following Tokyo, London and New York sessions. For the next hours, I prefer sell setups on EURGBP...
