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USD/CAD Mid-Day Outlook – Action Forex

USD/CAD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.3363; (P) 1.3386; (R1) 1.3422; More… USD/CAD’s decline is resuming by breaking 1.3348 temporary low. Intraday bias is back on the downside. Sustained trading below 1.3378 will extend the fall from 1.3897 to retest 1.3091 support next. On the...

Will UK CPI Please the Market Ahead of Festive Break?

Will UK CPI Please the Market Ahead of Festive Break?

Market recovering from Thursday’s relatively hawkish show by the BoE Pound would benefit against the euro from an upside CPI surprise November inflation report will be released on Wednesday (07.00 GMT) A surprisingly hawkish BoE last week Contrary to market...

EURJPY Retraces Higher as 200-day Holds Ground

EURJPY Retraces Higher as 200-day Holds Ground

EURJPY falls sharply but the 200-day SMA acts as a strong floor Repeated failure to violate the latter triggers an upward spike Momentum indicators improve, but remain in negative zones EURJPY had been experiencing a steep pullback from its recent 15-year peak of...

Eurozone CPI finalized at 2.4%, core at 3.6%

Eurozone CPI finalized at 2.4%, core at 3.6%

Eurozone CPI was finalized at 2.4% yoy in November, down from October’s 2.9% yoy. CPI core (excluding energy, food, alcohol & tobacco) was finalized at 3.6% yoy , down from prior month’s 4.2% yoy. The highest contribution came from services (+1.69 percentage...

GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 179.99; (P) 180.59; (R1) 181.20; More… GBP/JPY’s rebound from 178.32 accelerates higher today and focus is back on 184.43 resistance. Firm break there will argue that pull back from 188.63 has completed and bring retest of this high. Nevertheless,...

GOGOLIVE Expands to Europe and America in 2024

GOGOLIVE Expands to Europe and America in 2024

Slide SlideMusic Festival Music FestivalSeoul, South Korea, Dec. 19, 2023 (GLOBE NEWSWIRE) — South Korea-based event production and promotion company GOGOLIVE (GGL Events) is expanding to Europe and America in 2024.GOGOLIVE is one of the largest concert promoters in...

GBPUSD Attempts to Recoup Some Losses

GBPUSD Attempts to Recoup Some Losses

GBPUSD maintains weak bias in near term Falls from 4-month high MACD and RSI suggest horizontal move GBPUSD climbed to a new four-month high in the previous week, but it reversed lower again, falling beneath the 61.8% Fibonacci retracement level of the down leg from...

Yen Dips Post-BoJ, Kiwi and Aussie Gain

Yen Dips Post-BoJ, Kiwi and Aussie Gain

Yen falls broadly today after BoJ’s to maintain monetary policy unchanged. The sell-off can be attributed to the dismay of investors who had hoped for indications of a shift towards stimulus exit next year. BoJ’s steadfastness in its easing bias, without any hint of a...

FX option expiries for 19 December 10am New York cut

FX option expiries for 19 December 10am New York cut

There aren't any significant option expiries for today. As such, trading sentiment will rely more to flows and the overall risk mood in markets. So far, there isn't much to suggest any notable trends in price action as there is very little to work with besides the...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.8665; (P) 0.8689; (R1) 0.8726; More…. Intraday bias in USD/CHF remains neutral as consolidation from 0.8629 is in progress. Outlook remains bearish with 0.8819 resistance intact. On the downside, break of 0.8629 will resume larger fall from 0.9243...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2638; (P) 1.2715; (R1) 1.2760; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2793 is extending. While deeper retreat cannot be ruled out, outlook will stay cautiously bullish as long as 1.2499 support holds. On the upside,...

Thumzup Grows Advertisers by Over 40% Since June 1, 2023

Thumzup Grows Advertisers by Over 40% Since June 1, 2023

Thumzup Media Corporation Thumzup mobile appCompany Adds Over 50 New Advertisers as the Thumzup Platform Continues to Gain AdoptionLos Angeles, CA, Dec. 18, 2023 (GLOBE NEWSWIRE) — Thumzup Media Corporation (“Thumzup” or the “Company”) (OTCQB: TZUP) is pleased to...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0855; (P) 1.0929; (R1) 1.0970; More… Intraday bias in EUR/USD remains neutral at this point. Consolidation from 1.1016 could extend further and deeper retreat cannot be ruled out. But further rally is expected as long as 1.0722 support holds. On...

EUR/USD Finds Stability – Action Forex

EUR/USD Finds Stability – Action Forex

On Monday, the EUR/USD pair is demonstrating stability, trading around the 1.0910 mark. Last week was notable for the currency markets, as key financial updates were released. The Federal Reserve and the European Central Bank maintained their interest rates at 5.50%...

Bitcoin and Ether Set to Deepen Correction

Bitcoin and Ether Set to Deepen Correction

Market Picture The crypto market has started the new week with a correction sentiment, reducing capitalisation by 3% to $1.54 trillion in the last 24 hours. As is often the case with intense moves, Bitcoin looks more stable than the market, losing only 1.8% to $41.1K....

Yen Traders Exercise Caution Ahead of BoJ

Yen Traders Exercise Caution Ahead of BoJ

Japanese Yen is extending its broad-based pullback today. This movement appears to be a strategic response from traders lightening their positions in anticipation of the upcoming BoJ policy decision. Although a rate hike by the BoJ seems highly unlikely at this stage,...

USD/JPY – Yen Climbs to 4.5 Month High, BoJ Next

USD/JPY – Yen Climbs to 4.5 Month High, BoJ Next

BoJ to make rate announcement on Tuesday Fed’s Williams says no rate cuts planned The Japanese yen is lower at the start of the week. In the European session, USD/JPY is trading at 142.77, up 0.44%. The yen continues to power higher and surged 1.9% last week. It...

Calvetti Ferguson Acquires Local Dallas CPA Firm

Calvetti Ferguson Acquires Local Dallas CPA Firm

Jason Ferguson Managing Partner at Calvetti FergusonDALLAS, Dec. 18, 2023 (GLOBE NEWSWIRE) — Calvetti Ferguson, a nationally recognized CPA and advisory firm, has acquired Dallas-based Gummer Group, LLC (“Gummer Group”) effective December 1, 2023.Calvetti Ferguson...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 141.57; (P) 142.02; (R1) 142.61; More… USD/JPY is still extending consolidation from 140.95 and intraday bias remains neutral. Stronger recovery cannot be ruled out. But upside should be limited well below 146.58 resistance to bring another decline....

Fed’s Mester: The next phase is not when to reduce rates

Fed’s Mester: The next phase is not when to reduce rates

In a Financial Times interview, Cleveland Fed President Loretta Mester put emphasis on the duration of maintaining restrictive monetary policy to ensure that inflation reliably returns to the 2% target. That’s contrary to market expectations, which centers on timing...

Alchip Technologies Q3 Revenue and Net Income Set Records

Alchip Technologies Q3 Revenue and Net Income Set Records

Gross Profit and Operating Income Also Up Year-on-YearAlchip 2023 Q3 Revenue Breakdown by Region Alchip Technologies’ North America Region accounted for 59 percent of Q3 2023 revenue and 61 percent of 2023 fiscal year revenue to date. The Asia Pacific Region accounted...

Market’s Move Back to Reality May Heal the Dollar

Market’s Move Back to Reality May Heal the Dollar

The Dollar made a crucial technical breakdown the previous week following a public admission from the Fed of a policy reversal. The Fed’s comments and subsequent press conference pressed the Dollar index under its 200-day moving average. The decline continued on...

USD/CAD Analysis: Rate Reaches Its Minimum in 4 Months

USD/CAD Analysis: Rate Reaches Its Minimum in 4 Months

On Friday, the rate dropped below 1.366 for the first time since the beginning of August. This was facilitated by fundamental drivers: → The US dollar weakens after the Federal Reserve meeting, which signaled the possibility of lowering interest rates next year....

Long Japanese Yen – Action Forex

Long Japanese Yen – Action Forex

The Federal Reserve’s (Fed) rate cut talk becomes chaotic and frankly, hard to follow. After the Fed signaled a possible end to its monetary policy tightening campaign and the European policymakers refused to adhere, some Fed members including John Williams and...

FX option expiries for 18 December 10am New York cut

FX option expiries for 18 December 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.The first being for EUR/USD at 1.0910, which could just keep price action more sticky before the expiries roll off. From a technical perspective, the level doesn't hold any significance as key...

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Veradigm Inc. f/k/a Allscripts Healthcare Solutions, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MDRX

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Veradigm Inc. f/k/a Allscripts Healthcare Solutions, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MDRX

NEW YORK, Dec. 17, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Veradigm Inc. f/k/a Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX) between February 26, 2021 and June 13, 2023, both dates...

Gold Outlook for 2024 – ForexTV

Gold Outlook for 2024 – ForexTV

As we look toward 2024, the gold markets could be one of the more interesting places to be. We have seen a very bullish 2023, and at this point in time, it’s very possible that we could see 2024 show even more fireworks. Latest posts by Crypto Editor (see all)

2024 International Economic Outlook: Weathering the Storm

2024 International Economic Outlook: Weathering the Storm

Summary Key Themes As we head into 2024, we are downbeat on the prospects for global GDP growth. In our view, the global economy is likely to experience a period of below-trend growth in 2024, with the global economy expanding just 2.4%. Growth prospects are to be...

EUR/CHF Weekly Outlook – Action Forex

EUR/CHF Weekly Outlook – Action Forex

While EUR/CHF’s recovery from 0.9402 extended last week, it failed to break through 0.9543 resistance and reversed from there. Initial bias remains neutral this week first, and further decline is expected. On the downside, firm break of 0.9407 will confirm larger down...

EUR/GBP Weekly Outlook – Action Forex

EUR/GBP Weekly Outlook – Action Forex

EUR/GBP recovered after edging lower to 0.8548 last week, but upside is capped below 0.8648 support turned resistance so far. Initial bias remains neutral this week first. Some more consolidations could be seen but downside breakout is expected. Break of 0.8548 will...

EUR/JPY Weekly Outlook – Action Forex

EUR/JPY Weekly Outlook – Action Forex

EUR/JPY extended the consolidation from 153.15 last week and outlook is unchanged. Initial bias remains neutral this week first and further decline is expected. On the downside, break of 153.15 will resume whole fall from 164.39 to 61.8% retracement of 139.05 to...

GBP/JPY Weekly Outlook – Action Forex

GBP/JPY Weekly Outlook – Action Forex

Much volatility was seen in GBP/JPY, as it reversed after failing to break through 184.44 support turned resistance, and then dived to 178.32, then recovered again. Initial bias stays neutral this week first. Deeper decline is expected as long as 184.30 resistance...

USD/CAD Weekly Outlook – Action Forex

USD/CAD Weekly Outlook – Action Forex

USD/CAD’s fall from 1.3897 resumed and accelerated lower last week, closing below 1.3378 support. The development argues that whole rise from 1.3091 has completed at 1.3897 already. Initial bias stays on the downside this week. Sustained trading below 1.3378 will...

AUD/USD Weekly Report – Action Forex

AUD/USD Weekly Report – Action Forex

AUD/USD’s rise from 0.6269 resumed last week and the break of medium term falling channel suggests that whole fall from 0.7156 has completed with three waves down to 0.6269. Initial bias stays on the upside this week. Further rise should be seen to 0.6894 resistance...

AHCO DEADLINE ALERT: ROSEN, NATIONAL TRIAL COUNSEL, Encourages AdaptHealth Corp. Investors With Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – AHCO

AHCO DEADLINE ALERT: ROSEN, NATIONAL TRIAL COUNSEL, Encourages AdaptHealth Corp. Investors With Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – AHCO

NEW YORK, Dec. 16, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of AdaptHealth Corp. (NASDAQ: AHCO) between (1) August 4, 2020 and February 27, 2023, both dates inclusive (the “Class Period”) and/or...

Forex and Cryptocurrencies Forecast – Action Forex

Forex and Cryptocurrencies Forecast – Action Forex

EUR/USD: Dovish Fed Reversal The fate of EUR/USD was determined by two events last week: the FOMC (Federal Open Market Committee) meeting of the US Federal Reserve and the meeting of the Governing Council of the European Central Bank (ECB), which took place a day...

USD/CHF Weekly Outlook – Action Forex

USD/CHF Weekly Outlook – Action Forex

USD/CHF’s fall from 0.9111 continued last week and edged lower to 0.8629 last week. Nevertheless, with subsequent recovery, initial bias is neutral this week for consolidations first. Break of 0.8629 will resume the decline to retest 0.8551 key support level. However,...

GBP/USD Weekly Outlook – Action Forex

GBP/USD Weekly Outlook – Action Forex

GBP/USD’s rise from 1.2036 resumed last week and edged higher to 1.2793. But with subsequent retreat, initial bias stays neutral this week for consolidations first. Outlook will stay bullish as long as 1.2499 support holds. On the upside, break of 1.2793 will resume...

USD/JPY Weekly Outlook – Action Forex

USD/JPY Weekly Outlook – Action Forex

Despite much volatility last week, USD/JPY’s fall from 151.89 is still in progress. But as a temporary low was formed at 140.94, initial bias is neutral this week first for consolidations. Upside should be limited well below 146.58 resistance to bring another decline....

EUR/USD Weekly Outlook – Action Forex

EUR/USD Weekly Outlook – Action Forex

EUR/USD rose to 1.1008 last week but failed to break through 1.1016 resistance and retreated. Initial bias remains neutral this week first. Further rally is expected as long as 1.0722 support holds. Break of 1.1016 will resume the whole rise from 1.0447 to retest...

EUR/AUD Weekly Outlook – Action Forex

EUR/AUD Weekly Outlook – Action Forex

EUR/AUD’s decline resumed last week but recovered after dipping to 1.6206. Initial bias remains neutral this week first. Outlook stays bearish as long as 1.6478 resistance holds. Firm break of 1.6206 will resume whole fall from 1.7062. Next target is 100% projection...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2653; (P) 1.2724; (R1) 1.2835; More… Intraday bias in GBP/USD is turned neutral with current retreat. Some consolidations would be seen but outlook will stay bullish as long as 1.2499 support holds. On the upside, break of 1.2793 will resume the...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.8627; (P) 0.8680; (R1) 0.8728; More…. Intraday bias in USD/CHF remains mildly on the downside for the moment. Current decline from 0.9243 should extend to target 0.8551 key support level. For now, near term outlook will stay bearish as long as...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 140.92; (P) 141.92; (R1) 142.87; More… Intraday bias in USD/JPY remains mildly on the downside for the moment. Current decline from 151.89 should target next fibonacci level at 136.63. On the upside, above 142.91 minor resistance will turn intraday...

Canadian CPI to Edge Back Below 3% in November

Canadian CPI to Edge Back Below 3% in November

We expect Canadian inflation pressures to have moderated more in November. Headline inflation is expected to have dropped to 2.9% from 3.1% in October reflecting a pullback in retail gasoline prices and further easing in food price growth. That would mark the second...

The Weekly Bottom Line: Cuts! The Herald Angels Sing

The Weekly Bottom Line: Cuts! The Herald Angels Sing

U.S. Highlights The Federal Reserve held the policy rate steady at 5.25-5.5% at its final interest rate announcement of the year. However, a markdown in the FOMC’s interest rate projections and little pushback from Chair Powell in the press conference on the recent...

2024 International Economic Outlook: Weathering the Storm

2024 International Economic Outlook: Weathering the Storm

Summary Key Themes As we head into 2024, we are downbeat on the prospects for global GDP growth. In our view, the global economy is likely to experience a period of below-trend growth in 2024, with the global economy expanding just 2.4%. Growth prospects are to be...

Summary 12/18 – 12/22

Summary 12/18 – 12/22

Monday, Dec 18, 2023 Tuesday, Dec 19, 2023 Wednesday, Dec 20, 2023 Thursday, Dec 21, 2023 Friday, Dec 22, 2023 The post Summary 12/18 – 12/22 appeared first on Action Forex.

Sunset Market Commentary

Sunset Market Commentary

Markets Today’s PMIs marked the end of a busy week. They would either confirm or challenge yesterday’s ECB en BoE case for signaling steady rates for the foreseeable future. It turned out to be the latter for Frankfurt, triggering Bund outperformance vs US Treasuries....

US PMI composite rises to 51.0, picks up a little momentum

US PMI composite rises to 51.0, picks up a little momentum

US PMI Manufacturing fell from 49.4 to 48.2 in December. PMI Services rose from 50.8 to 51.3. PMI Composite rose from 50.7 to 51.0, a 5-month high. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “The early PMI data indicate that...

Weekly Focus – Central Bankers Boost Christmas Spirit

Weekly Focus – Central Bankers Boost Christmas Spirit

Repricing continued in the rates markets this week as central bankers did little to talk rates back up. The market is currently pricing in the US short-term rates to fall below 4% by end of next year. In euro area, short-term rates are priced to approach the 2% mark...

ROCKLEY SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $25,000 In Rockley To Contact Him Directly To Discuss Their Options

ROCKLEY SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $25,000 In Rockley To Contact Him Directly To Discuss Their Options

Photo 1 James (Josh) Wilson Faruqi & Faruqi, LLPIf you suffered losses exceeding $25,000 investing in SC Health Corporation (“SC Health”) (NYSE: SCPE; NYSE: SCPE.WS; NYSE: SCPE.U) and Rockley Photonics Holdings Limited (“Rockley”) (NYSE: RKLY; NYSE: RKLY.WS)...

AUDUSD: Solid Chinese Data Further Boost Post-Fed Rally

AUDUSD: Solid Chinese Data Further Boost Post-Fed Rally

AUD/USD keeps firm bullish tone for the third consecutive, with better than expected China retail sales and industrial production data adding to positive near-term outlook, established after dovish Fed on Wednesday. The pair is trading near new 4 ½ month high in early...

British Pound Steady after Mmixed PMIs

British Pound Steady after Mmixed PMIs

UK Services PMI accelerates, Manufacturing PMI declines Bailey’s dampens rate cut expectations The British pound is steady on Friday, after posting gains of 1.1% a day earlier. In the European session, GBP/USD is trading at 1.2767, up 0.03%. UK PMIs a mix British PMIs...

TFF Pharmaceuticals Announces Reverse Stock Split

TFF Pharmaceuticals Announces Reverse Stock Split

Common Stock Will Begin Trading on a Split-Adjusted Basis on December 19, 2023FORT WORTH, Texas, Dec. 15, 2023 (GLOBE NEWSWIRE) — TFF Pharmaceuticals, Inc. (NASDAQ: TFFP), a clinical-stage biopharmaceutical company focused on developing and commercializing innovative...

AUDUSD Looks for Bullish Expansion

AUDUSD Looks for Bullish Expansion

AUDUSD marks new higher high, breaks key resistance area Short-term bias positive, but 0.6715 zone adds some pressure AUDUSD experienced a spectacular rally after a dovish FOMC policy meeting earlier this week, crawling as high as 0.6727 on Thursday – the highest...

USDCAD Plummets Below Crucial Trendline

USDCAD Plummets Below Crucial Trendline

USDCAD posts a fresh 2½-month low in today’s session Decline shows no signs of easing after break below 200-day SMA Momentum indicators are pointing at an overstretched retreat USDCAD has been constantly losing ground following its 13-month high of 1.3898 on November...

USD/CAD Daily Outlook – Action Forex

USD/CAD Daily Outlook – Action Forex

Daily Pivots: (S1) 1.3473; (P) 1.3540; (R1) 1.3586; More… Intraday bias in USD/CAD remains on the downside at this point, with focus on 1.3378 support. Decisive break there will argue that whole rise from 1.3091 has completed at 1.3897. Deeper fall should then be seen...

FX option expiries for 15 December 10am New York cut

FX option expiries for 15 December 10am New York cut

There is just one to take note of, as highlighted in bold.That being for EUR/USD at 1.0950, in which I detailed its potential impact in this post here. Besides that, there isn't any significant ones that should impact price action across the board before we wrap up...

Bank of England Hawks Extend the Pound’s Rally

Bank of England Hawks Extend the Pound’s Rally

The Fed’s dovish attitude, for now, hasn’t extended too far into Europe. The Bank of England kept its key rate unchanged at 5.25%, with three of the nine members voting in favour of a quarter-point hike. In a commentary on the decision, the Bank of England emphasised...

Mortgage Rates Drop Below Seven Percent

Mortgage Rates Drop Below Seven Percent

Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 12/14/2023.MCLEAN, Va., Dec. 14, 2023 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate...

ECB Review: A Conditional Push-Back

ECB Review: A Conditional Push-Back

Today’s ECB policy meeting saw no changes to the policy rates, as unanimously expected across analysts and market pricing, hence the deposit rate was maintained at 4%. The ECB already surprised with an announcement today of its schedule for PEPP reinvestments for next...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets No surprise from the ECB today as the central bank kept its deposit rate unchanged at 4%. While inflation has dropped in recent months, it is likely to pick up again temporarily in the near term. New staff projections show downward revisions to inflation...

Will Gold Reach a New Record High in 2024?

Will Gold Reach a New Record High in 2024?

Gold is valued for its performance during crises, its role as a long-term store of value and hedge against inflation, its effectiveness as a portfolio diversifier, and its absence of default risk and high liquidity. Latest posts by Crypto Editor (see all)

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0800; (P) 1.0848; (R1) 1.0924; More… Intraday bias in EUR/USD remains on the upside at this point. Decisive break of 1.1016 resistance will confirm resumption of whole rally from 1.0447. Further rally should then be seen to retest 1.1274 high. On...

(ECB) Monetary policy decisions – Action Forex

(ECB) Monetary policy decisions – Action Forex

The Governing Council today decided to keep the three key ECB interest rates unchanged. While inflation has dropped in recent months, it is likely to pick up again temporarily in the near term. According to the latest Eurosystem staff projections for the euro area,...

BoE stands pat, three hawks vote for another hike

BoE stands pat, three hawks vote for another hike

BoE kept Bank Rate unchanged at 5.25%, aligning with market expectations. The decision was not unanimous, with a 6-3 vote where Megan Greene, Jonathan Haskel, and Catherine Mann favored a 25 bps hike to 5.50%. This split decision reflects that the hawks remained...

US 500 Index Surges to Almost 2-Year High

US 500 Index Surges to Almost 2-Year High

US 500 index posts 5-day bullish rally Technical oscillators look overbought The US 500 index (cash) stormed higher after validating the previous high of 4,607. Although, the price jumped to its highest level since January 2022 at 4,728, extending the strong rebound...

EURUSD Gains in the FOMC Aftermath

EURUSD Gains in the FOMC Aftermath

EURUSD reclaims 200-day SMA following dovish Fed signals ECB meeting later today could spur some volatility Momentum indicators are skewed to the positive side EURUSD had been experiencing a solid downside correction from its recent three-month peak of 1.1016, which...

FX option expiries for 14 December 10am New York cut

FX option expiries for 14 December 10am New York cut

There are quite a number to take note of, as highlighted in bold.The first ones are for EUR/USD, which could keep price action more contained just below 1.0900 before we get to the ECB later in the day. The most notable of those expiries is the one at the figure level...

: BP downgraded to underweight by JPMorgan

: BP downgraded to underweight by JPMorgan

BPUK:BP was downgraded to underweight from neutral at JPMorgan, which cut its target price by 11% to 550 pence.  “This year is revealing BP’s cashflows as increasingly leveraged to wider standard deviation variables – notably trading and working cap. The second order...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.8720; (P) 0.8757; (R1) 0.8789; More…. No change in USD/CHF’s outlook as intraday bias remains neutral. Further rise remains in favor with 0.8722 minor support intact. Above 0.8819 will resume the rebound from 0.8665 short term bottom to 0.8886...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2512; (P) 1.2564; (R1) 1.2614; More… Intraday bias in GBP/USD remains neutral and further decline is mildly in favor with 1.2614 minor resistance intact. Break of 1.2501 will resume the fall from 1.2731 short term top to to 55 D EMA (now at...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0760; (P) 1.0794; (R1) 1.0829; More… Intraday bias in EUR/USD remains neutral and further decline is mildly in favor as long as 1.0827 minor resistance holds. Break of 1.0722, and sustained trading below 55 D EMA (now at 1.0770) will extend the...

Crypto Continued Retreat

Crypto Continued Retreat

Market picture The total capitalisation of cryptocurrencies has declined by almost 2% to $1.54 trillion in the past 24 hours. This is still a move in the opposite direction relative to the US and European indices, which are rising. Given that the current year is...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets UK gilts and sterling catch the eye today. Yields in the country tank between 9.8 (30-y) and 13.3 bps (2-y). Sterling dropped with EUR/GBP, after testing the 0.86 yesterday, now moving past that level more convincingly (0.8612). Reason for the move s this...

Dollar Steady ahead of FOMC, Sterling Weakens on GDP Data

Dollar Steady ahead of FOMC, Sterling Weakens on GDP Data

The currency markets are currently in a state of anticipation, with Dollar trading within familiar range as investors await FOMC rate decision. The critical question facing the markets is whether Fed will signal the pace of rate cuts in its updated dot plot. In...

NIESR: BoE may cut rates earlier due to subdued growth

NIESR: BoE may cut rates earlier due to subdued growth

NIESR forecasts that UK’s GDP will remain flat Q3. An early prediction for Q1 of 2024 indicates a modest GDP growth of 0.3%, primarily driven by the services sector. NIESR noted that these projections align with UK’s long-term trend of low but stable economic growth....

BoE Policy Decision: Keep It Neutral As It Can Go

BoE Policy Decision: Keep It Neutral As It Can Go

BoE to keep rates steady at 5.25% and stick to existing guidance Avoid rate cut signals as no press conference or new projections scheduled No rate cut surprises expected; UK economy is still resilient The Bank of England (BoE) will review its monetary policy during...

SECO downgrades 2024 Swiss growth outlook

SECO downgrades 2024 Swiss growth outlook

Swiss State Secretariat for Economic Affairs has revised down its 2024 economic growth forecast for Switzerland, now expecting a growth of 1.1% instead of previous 1.2%. This revision indicates an expectation of below-average growth for the Swiss economy for a second...

FX option expiries for 13 December 10am New York cut

FX option expiries for 13 December 10am New York cut

There are just a couple to take note of for the day, as highlighted in bold.The first being for EUR/USD at 1.0790, which could keep price action more contained before the expiries roll off later in the day. That would match up with the lack of trading appetite as...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2529; (P) 1.2560; (R1) 1.2587; More… Intraday bias in GBP/USD remains neutral for the moment. Further decline remains mildly in favor with 1.2611 minor resistance intact. Below 1.2501 will resume the fall from 1.2731 short term top to to 55 D EMA...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0744; (P) 1.0762; (R1) 1.0781; More… Intraday bias in EUR/USD remains neutral at this point. Further decline is expected with 1.0816 minor resistance intact. Break of 1.0722, and sustained trading below 55 D EMA (now at 1.0770) will extend the...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets UK labour data published this morning served as a starter before for the release the US CPI this afternoon. The data came out on the soft side of expectations. November payrolled employees declined 13k from a gain of 39k in October (and 5k expected). The...

November CPI: Moving on to 2024

November CPI: Moving on to 2024

Summary The November CPI report was relatively uneventful. Falling gasoline prices and modest food inflation restrained the headline CPI to just a 0.1% increase in the month. Excluding food and energy prices, core CPI was up 0.3%, in line with consensus expectations....

AUD/USD Forecast – Aussie Continues to Chop Around

AUD/USD Forecast – Aussie Continues to Chop Around

The Australian dollar continues to go back and forth, showing massive amounts of volatility as we try to sort out what it is we are going to do next. Keep in mind that the market has been very noisy to say the least, and I think that will be a Latest posts by Crypto...

Economic Sentiment in Germany Is Improving but Slowly

Economic Sentiment in Germany Is Improving but Slowly

Fresh business sentiment assessments from ZEW saw the sentiment index rise from 9.8 to 12.8, a positive surprise for analysts who had anticipated a slight decline to 9.6. The current optimism level is the highest since March this year but below the long-term average...

Dollar Fluctuates After US CPI, Decisive Moves Pending

Dollar Fluctuates After US CPI, Decisive Moves Pending

In the aftermath of US CPI release, the forex markets are staying in a state of consolidation, with mixed reactions. Initially, there was an attempt to sell Dollar following the data, but this momentum quickly dissipated as the data largely aligned with market...

ClearScale Names Jimmy Chui Chief Executive Officer

ClearScale Names Jimmy Chui Chief Executive Officer

Cloud Computing Veteran to Spearhead ClearScale’s Next Phase of Growth and InnovationSAN FRANCISCO, Dec. 12, 2023 (GLOBE NEWSWIRE) — ClearScale, a leading AWS Premier Tier Consulting Partner, today announced the appointment of Jimmy Chui as Chief Executive Officer...

EURJPY Rotates Higher, But Trend Risks Remain

EURJPY Rotates Higher, But Trend Risks Remain

EURJPY pauses sharp downfall near 200-day SMA Oversold, but trend signals remain discouraging EURJPY turned oversold near its 200-day simple moving average (SMA) after a heavy bearish storm squeezed the pair from fifteen-year highs to a four-month low of 153.00 last...

Is UK Labour Market Cool Enough for BoE?

Is UK Labour Market Cool Enough for BoE?

The UK labour market is cooling, showing an increase in claims from claimants. In addition, wage growth is slowing. The data provided further evidence that the UK economy has moved into a new phase of the economic cycle, although the inflation genie remains at large....

GBP/USD Drifting Ahead of US Inflation

GBP/USD Drifting Ahead of US Inflation

UK wage growth eases to 7.3%, lower than expected US inflation expected to fall to 3.0% The British pound is drifting on Tuesday. In the European session, GBP/USD is trading at 1.2551, down 0.04%. UK wage growth falls to 7.3% Tuesday’s UK employment report was notable...

GBPUSD Pulls Back from 3-month High

GBPUSD Pulls Back from 3-month High

GBPUSD corrects lower after advance pauses But seems to be finding traction in the last couple of sessions Oscillators lose ground but remain in their positive zones GBPUSD had been forming a profound structure of higher highs and higher lows following its break above...

FX option expiries for 12 December 10am New York cut

FX option expiries for 12 December 10am New York cut

There aren't any significant expiries to take note of on the day. As such, trading sentiment for the session ahead should be rather muted as market players will be waiting on the US CPI data before committing to anything. That should make for a quieter and more...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets The Japanese yen last week grabbed a lot of market attention over speeches by the Bank of Japan’s number 1 (governor Ueda) and shared number 2 (deputy governor Himino). Both fanned speculation over an imminent (ie December 19) policy shift, lifting Japanese...

USD/JPY: Extends Advance on Fresh Dovish Comments from BoJ

USD/JPY: Extends Advance on Fresh Dovish Comments from BoJ

Bounce from last Thursday’s multi-month low and a bear-trap, extends into second consecutive day and accelerates on Monday. The dollar benefited from stronger than expected US jobs data in November, which shifted the view about rate cuts in 2024, while BoJ softened...

Euro Shows Temporary Stability – Action Forex

Euro Shows Temporary Stability – Action Forex

The Euro’s recent stabilization against the US dollar, now hovering around 1.0766, may be short-lived. Market eyes are turning towards the upcoming two-day meeting of the US Federal Reserve, starting Tuesday and concluding late Wednesday. Key attention will be on the...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0722; (P) 1.0762; (R1) 1.0799; More… Further decline remains in favor in EUR/USD despite loss of downside momentum. Sustained trading below 55 D EMA (now at 1.0770) will extend the fall from 1.1016 short term top to retest 1.0447 support. However,...

The Flash Sell-off in Crypto?

The Flash Sell-off in Crypto?

Market Picture A wave of profit-taking hit the cryptocurrency market on Monday morning. It seems that the failure of cryptocurrencies to rise over the weekend caused players to pull stop orders very close to market prices, and we saw a massive exit from long positions...

China’s CPI fell to -0.5% yoy in Nov, deepening deflation

China’s CPI fell to -0.5% yoy in Nov, deepening deflation

Released over the weekend, China’s economic data revealed a concerning trend as CPI plunged further into negative territory in November, marking the country’s deepest deflationary period in three years. CPI fell to -0.5% yoy, a notable decline from -0.2% yoy in the...

Yen and Aussie Soften in the Wake of Yuan’s Decline

Yen and Aussie Soften in the Wake of Yuan’s Decline

Chinese Yuan’s significant selloff in Asian session today had a ripple effect across several major currencies, dragging down Japanese Yen, Australian Dollar, and New Zealand Dollar. This movement was largely spurred by concerning data from China indicating deepening...

FX option expiries for 11 December 10am New York cut

FX option expiries for 11 December 10am New York cut

There aren't any major expiries to take note of for the day. As such, trading sentiment will be rather sidelined amid a quieter start to the new week. All eyes are on the key risk events to follow later in the week, so there won't be much to really move the needle in...

A Week of Market Shifts, Yen Skyrockets on BoJ Speculations

A Week of Market Shifts, Yen Skyrockets on BoJ Speculations

The global financial markets last week were primarily influenced by three pivotal themes: Yen’s dramatic rise, Dollar’s strength following robust US employment data, and repercussions of Moody’s downgrading China’s rating outlook. The most striking was the Yen’s...

Dollar Rallies on Strong US Employment Data

Dollar Rallies on Strong US Employment Data

Dollar jumps in early US session, buoyed by a robust set of employment data. headline job growth exceeded expectations, narrowly missing 200k mark, while unemployment rate showed a decline. This data suggests a still-tight job market, raising concerns among some...

FX option expiries for 8 December 10am New York cut

FX option expiries for 8 December 10am New York cut

There are a couple to take note of, as highlighted in bold.And they are both for EUR/USD at the 1.0750 and 1.0800 levels. As such, that is likely to help keep price action more contained in between that range before we get to the US jobs report later today. After the...

FX option expiries for 7 December 10am New York cut

FX option expiries for 7 December 10am New York cut

There is just one to take note of for the day, as highlighted in bold.That being for AUD/USD at the 0.6545 level, which may keep price action more sticky in and around that before rolling off. That being said, the key technical level to watch will be the 200-day...

Falling Yields Drive Euro and Sterling Down

Falling Yields Drive Euro and Sterling Down

Euro and Sterling are falling broadly in European session today, a trend largely driven by notable decrease in benchmark yields in Germany and the UK. German 10-year bund yield has reached its lowest point since June. Simultaneously, UK 10-year gilt yield has dipped...

FX option expiries for 6 December 10am New York cut

FX option expiries for 6 December 10am New York cut

There is just one to take note of, as highlighted in bold.That being for EUR/USD at the 1.0800 mark, which could act as a bit of a magnet for price action considering the lack of appetite we're seeing so far today. The pair is still sitting within a 13 pips range only...

FX option expiries for 5 December 10am New York cut

FX option expiries for 5 December 10am New York cut

There are a couple to take note of for the day, as highlighted in bold.The first ones are for EUR/USD at 1.0825 and 1.0860, which could keep price action more contained during the session in and around the expiries. That being said, a more risk-off push in broader...

FX option expiries for 4 December 10am New York cut

FX option expiries for 4 December 10am New York cut

There are a couple to take note of for the day, as highlighted in bold.The first being for EUR/USD at 1.0860, though the level doesn't really hold much technical significance. Trading sentiment will still largely rely on the bond market and overall risk mood but all...

Canadian Dollar Rises on Jobs Data, Dollar Soft, Euro Worse

Canadian Dollar Rises on Jobs Data, Dollar Soft, Euro Worse

Canadian Dollar is firming slightly up in early US session, bolstered by stronger-than-expected Canadian job growth data. Despite the weakness in oil prices following disappointment over OPEC’s production cut decisions, Loonie is displaying resilience. However, in the...

FX option expiries for 1 December 10am New York cut

FX option expiries for 1 December 10am New York cut

There are a couple to take note of, as highlighted in bold.The first being for EUR/USD at the 1.0900 mark, which could act as a bit of a magnet in keeping price action more contained in the session ahead. That is if bond yields are also trading more sideways before...

FX option expiries for 30 November 10am New York cut

FX option expiries for 30 November 10am New York cut

There aren't any major expiries that should be significant in terms of impact on the day. As such, trading sentiment will rely more on the risk mood and bond market sentiment, but also with month-end flows to be taken into consideration. That will matter more on the...

FX option expiries for 29 November 10am New York cut

FX option expiries for 29 November 10am New York cut

There are some large expiries on the board today but none of which that are really sitting close to the current spot price to be of much impact I would say. In any case, trading sentiment today will largely be driven by the bond market and with Treasury yields set for...

FX option expiries for 28 November 10am New York cut

FX option expiries for 28 November 10am New York cut

There is just one to take note of, as highlighted in bold.That being for USD/JPY at 148.50 but the level doesn't really hold much technical significance. If anything else, it could limit any upside in the pair in the session ahead. But a lot about the trading mood...

Dollar Dips, Euro Struggles in Lackluster Market

Dollar Dips, Euro Struggles in Lackluster Market

As US session commences, Dollar is showing a more notable downturn following a rather uneventful day. In the background risk sentiment is steady, with investors and traders largely holding their positions in anticipation of key economic data releases. The upcoming PCE...

Yen Cautious Rebounds While Gold Rallies Above 2k

Yen Cautious Rebounds While Gold Rallies Above 2k

Yen is having a moderate rebound today, spurred by slightly stronger-than-expected corporate services price inflation data. However, this uptick in is showing only restrained momentum, especially noticeable even against a weaker Dollar. The limited rise can be...

FX option expiries for 27 November 10am New York cut

FX option expiries for 27 November 10am New York cut

There aren't any significant expiries that are close to, or might influence, spot levels on the day. As such, the more mixed and tepid trading sentiment is likely to keep up in the session ahead before US traders enter the fray. There will be bigger fish to fry in the...

FX option expiries for 24 November 10am New York cut

FX option expiries for 24 November 10am New York cut

In some ways, it is a long weekend amid the Thanksgiving holiday and there are no expiries to really capture market interest today. As such, trading sentiment will likely be more subdued but if anything else, keep an eye out on the bond market moves as noted earlier...

FX option expiries for 23 November 10am New York cut

FX option expiries for 23 November 10am New York cut

There are a couple of large ones to take note of, as highlighted in bold.The first ones being for EUR/USD at 1.0895-00 and those could help to keep price action more limited and sticky in and around the figure level. That should prevent any pullback in price from...

Dollar Stabilizes, Yen Retreats, Euro Loses Momentum

Dollar Stabilizes, Yen Retreats, Euro Loses Momentum

As Thanksgiving long weekend approaches, a noticeable tranquility has enveloped the financial markets. The aftermath of FOMC minutes, which revealed a slightly toned-down hawkish stance, has resulted in rather subdued market reactions. Major stock indices have...

FX option expiries for 22 November 10am New York cut

FX option expiries for 22 November 10am New York cut

There is just one to take note of, as highlighted in bold.That being for EUR/USD at 1.0925, which isn't one that holds any technical significance. However, the expiries could help to limit any upside price action on the day before rolling off. That being said, the...

FX option expiries for 21 November 10am New York cut

FX option expiries for 21 November 10am New York cut

There aren't any notable expiries on the day, though there are some large-ish ones for USD/JPY and AUD/USD. But I don't expect them to be of much impact whatsoever given prevailing market sentiment.If anything else, perhaps the ones for AUD/USD at 0.6525 could help to...

FX option expiries for 20 November 10am New York cut

FX option expiries for 20 November 10am New York cut

There are a few decent-sized ones on the board for today but none that should be too significant as seen above. As such, trading sentiment will largely be dictated by the flows and risk mood in the sessions ahead. For now, the dollar is on the softer side with the...

Dollar Weakens, Yen Strengthens, and Nikkei’s New Highs

Dollar Weakens, Yen Strengthens, and Nikkei’s New Highs

Dollar’s selloff intensified in today’s Asian session, underpinned by strong risk-on sentiment prevalent in the market. This move was particularly evident in USD/JPY, which saw broke through an important near-term support level around the 149 mark, signaling the...

FX option expiries for 17 November 10am New York cut

FX option expiries for 17 November 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.The first ones are for EUR/USD, layered in between 1.0800 through to 1.0875. That should keep price action more contained once again in the session ahead, likely revolving in and around the 1.0850...

Forex Markets in a Lull, Gold Extending Rally, Oil Tumbles

Forex Markets in a Lull, Gold Extending Rally, Oil Tumbles

As the trading week draws to a close, the forex markets are experiencing a period of relative calm in today’s Asian session. Key developments include Euro’s attempted resurgence against Dollar overnight, which, despite initial signs of a rally, lost its momentum and...

FX option expiries for 16 November 10am New York cut

FX option expiries for 16 November 10am New York cut

There are a couple to take note of, as highlighted in bold.The first ones being for EUR/USD at 1.0800 and 1.0850, which are likely to help keep price action more contained in between the two levels before rolling off later in the day. A quieter European morning...

FX option expiries for 15 November 10am New York cut

FX option expiries for 15 November 10am New York cut

There are a couple to take note of, as highlighted in bold.The first ones being for EUR/USD, which are at the 1.0850-75 region. That is likely to keep price action more compact perhaps, all before we get to more US data later in the day. That being said, trading...

FX option expiries for 14 November 10am New York cut

FX option expiries for 14 November 10am New York cut

There is just one to take note of, as highlighted in bold.That being for AUD/USD at the 0.6350 level, which doesn't really hold any technical significance. Price action in the pair has been rather muted this week as traders are awaiting the US CPI data. As such, the...

FX option expiries for 13 November 10am New York cut

FX option expiries for 13 November 10am New York cut

There is just one to take note of for the day, as highlighted in bold.That being for USD/JPY at the 152.00 mark, which doesn't hold much technical significance although it does coincide to near the October 2022 high of 151.94 - when the BOJ stepped in. I reckon the...

Euro Gains Ground as Dollar Hesitates, Cryptos Surge

Euro Gains Ground as Dollar Hesitates, Cryptos Surge

Today’s currency market sees Euro gaining some traction, especially against Japanese Yen, which is underperforming alongside Australian Dollar. Despite RBA’s hinting at a potential rate hike, Aussie is struggling, not only against major currencies but also against its...

Dollar’s Recovery Meets Quiet Markets, GBP/AUD in Focus

Dollar’s Recovery Meets Quiet Markets, GBP/AUD in Focus

As US session unfolds, the Dollar is showing signs of rally, buoyed by recovery in benchmark treasury yield. This modest uplift comes despite a general lack of direction owing to a sluggish risk sentiment across markets. Euro is losing momentum as its earlier recovery...

Dollar Facing Headwinds, Swiss Franc Rebounding

Dollar Facing Headwinds, Swiss Franc Rebounding

Dollar making efforts to continue this week’s rebound, but momentum appears to be lacking, except against Yen. Additionally, its ascent is being challenged by Swiss Franc, which currently stands as the day’s strongest performer, propelled by substantial buying against...

Dollar Pauses Rebound, Await More Clues from Fed Officials

Dollar Pauses Rebound, Await More Clues from Fed Officials

Dollar found itself hovering within a narrow range during Asian session, as market participants paused to reflect on recent comments from hawkish Fed members hinting at more tightening. Despite these hawkish tones, the overall risk mood found its footing after the US...

Dollar Dives on Risk Appetite Revival and Sliding Yields

Dollar Dives on Risk Appetite Revival and Sliding Yields

In a week marked by a significant shift in investor sentiment, Dollar found itself at the bottom of the currency heap. A rapid shift to a risk-on attitude was catalyzed by sharp decline in benchmark Treasury yields, fueling an aggressive uptick in stock prices. The...

FX option expiries for 3 November 10am New York cut

FX option expiries for 3 November 10am New York cut

There are quite a number to take note of on the board for today, as highlighted in bold.But the caveat for all of them is that no matter the expiry sizes, trading sentiment today will be largely driven by the bond market and that will depend on what we get from the US...

FX option expiries for 2 November 10am New York cut

FX option expiries for 2 November 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.The first ones are for EUR/USD at 1.0540 and 1.0600. Both do not hold much technical significance, so the one at 1.0540 is not likely to factor into play too much especially as the dollar keeps on...

FX option expiries for 1 November 10am New York cut

FX option expiries for 1 November 10am New York cut

There aren't any significant ones to really take note of for the day. As such, trading sentiment might be a bit more muted in European trading as we await the main events in the US. But if anything else, just be wary that we are seeing larger expiries build up above...

FX option expiries for 31 October 10am New York cut

FX option expiries for 31 October 10am New York cut

There are a couple on the day to take note of, as highlighted in bold.The first being for EUR/USD at the 1.0600 mark, which could just keep price action more sticky in and around the figure level before rolling off later in the day. The euro will be a focus point amid...

FX option expiries for 30 October 10am New York cut

FX option expiries for 30 October 10am New York cut

There are a couple to take note of, as highlighted in bold.The first being for EUR/USD at the 1.0550 mark, which does not offer too much technical significance. But it could be a magnet for price action to center around there before rolling off later in the day...

Yen Seeks Revival as Dollar Shrugs PCE Data

Yen Seeks Revival as Dollar Shrugs PCE Data

As the week draws to a close, the Japanese Yen is exhibiting signs of a tentative comeback, with USD/JPY retreating back below the significant 150 mark. Dollar’s response to the latest US personal income and outlays data was relatively subdued. Although the monthly...

FX option expiries for 27 October 10am New York cut

FX option expiries for 27 October 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.The one that stands out the most is that of USD/JPY at 150.00 with the size of over $5 billion. That's one of the largest expiries in recent memory and it comes at a rather crucial level for the...

FX option expiries for 26 October 10am New York cut

FX option expiries for 26 October 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.The first being for EUR/USD at 1.0540, although I would say the expiries may not factor into play all too much. They aren't associated with any technical significance, so it is just pretty much that...

FX option expiries for 25 October 10am New York cut

FX option expiries for 25 October 10am New York cut

There aren't any significant expiries close to the current price action to take note of for the day. As such, trading sentiment will continue to revolve around risk flows and bond market developments. It seems like we are going back to figuring out the known unknowns...

FX option expiries for 24 October 10am New York cut

FX option expiries for 24 October 10am New York cut

There are a couple to take note of for the day, as highlighted in bold.They are both for USD/JPY at the 149.50 level and the 150.00 mark. As such, the expiries should help to limit price action in between those levels so long as bond yields also keep steadier on the...

Markets Tread Cautiously: Euro Leads, Oil Retreats

Markets Tread Cautiously: Euro Leads, Oil Retreats

Euro emerged as the frontrunner in today’s forex markets, establishing itself as the strongest performer. However, the overall momentum in the currency arena seems relatively restrained. Following closely behind Euro, Canadian Dollar is occupying the spot of the...

FX option expiries for 23 October 10am New York cut

FX option expiries for 23 October 10am New York cut

There are quite a number to take note of for the day, as highlighted in bold.The first being for EUR/USD at the 1.0600 mark, where there is some short-term resistance since last Friday holding at the figure level. Barring any major changes in Treasury yields and...

FX option expiries for 20 October 10am New York cut

FX option expiries for 20 October 10am New York cut

There are a couple of large ones to take note of on the day, as highlighted in bold.The first being for EUR/USD at 1.0550, which could help to limit price action closer to its 100 and 200-hour moving averages at 1.0557-65 currently. Then, there are larger ones at...

FX option expiries for 19 October 10am New York cut

FX option expiries for 19 October 10am New York cut

There is just one to take note of for the day, as highlighted in bold. That being expiries at 150.00 for USD/JPY, which adds to a defensive layer for the pair at the figure level. Traders are still rather cautious in testing that considering interventions fears by...

FX option expiries for 18 October 10am New York cut

FX option expiries for 18 October 10am New York cut

There are a couple to take note of for EUR/USD on the day, as highlighted in bold.The main one being at 1.0500 which keeps with the expiries we have seen in the days before as well, adding to a defensive layer for the pair in case price action does trend downwards....

FX option expiries for 17 October 10am New York cut

FX option expiries for 17 October 10am New York cut

There are a couple to take note of for the day, as highlighted in bold.The first being for EUR/USD at 1.0500, which will add to the defensive layer at the figure level and likely help to keep price action above that before rolling off later in the day.Then, there is...

FX option expiries for 16 October 10am New York cut

FX option expiries for 16 October 10am New York cut

There is just one to take note of, as highlighted in bold.That being for EUR/USD at 1.0500, which helps to add as a defensive layer to the pair as seen with the bounce on Friday at the figure level. But on a day where trading sentiment is more focused on the risk mood...

Dollar and Yield Revival Amid Renewed Fed Rate Hike Fears

Dollar and Yield Revival Amid Renewed Fed Rate Hike Fears

Dollar staged a notable comeback overnight, accompanied by a sharp ascent in treasury yields and a downtick in stocks. This resurgence was catalyzed by the release of US CPI data that stoked concerns of another Fed rate hike this year. However, this speculation has...

FX option expiries for 13 October 10am New York cut

FX option expiries for 13 October 10am New York cut

There are a handful of significantly large option expiries for EUR/USD to take note of, as highlighted in bold.The key ones based on the current spot price are layered around 1.0500 to 1.0575 but those expiries are sandwiched in between some massive ones at 1.0470-75...

FX option expiries for 12 October 10am New York cut

FX option expiries for 12 October 10am New York cut

There are a couple to take note of for EUR/USD, as highlighted in bold.But they are a little distance away at 1.0550 and 1.0575 with another decently large one at 1.0600. The figure level doesn't really offer too much technical significance and in fact, so do the...

FX option expiries for 11 October 10am New York cut

FX option expiries for 11 October 10am New York cut

There aren't any major expiries to take note of for the day. As such, trading sentiment will continue to be influenced by broader market developments. And in today's (and tomorrow's) case, it will center around US economic data releases. We will get PPI data later and...

FX option expiries for 10 October 10am New York cut

FX option expiries for 10 October 10am New York cut

There aren't any significant expiries to take note of on the day. As such, trading sentiment might be a bit more muted considering that broader markets are taking in a breather after having steadied following the risk-off flows early yesterday. The lack of key...

FX option expiries for 9 October 10am New York cut

FX option expiries for 9 October 10am New York cut

There is just one to take note of for the day, as highlighted in bold.That being for EUR/USD at 1.0550, although it is not a level that bears much key technical significance. In a day like today, the overall risk mood is the more important driver as markets are...

FX option expiries for 5 October 10am New York cut

FX option expiries for 5 October 10am New York cut

There are a couple to take note of, as highlighted in bold.That being decent-sized expiries for EUR/USD at 1.0500 and USD/JPY at 149.00. However, I don't really see them as being too significant as trading sentiment is largely dictated by price action in the bond...

ADP Job Figures Weigh on Dollar, But Uptrend Still Intact

ADP Job Figures Weigh on Dollar, But Uptrend Still Intact

Dollar softens broadly today, as it seems traders are exercising caution, pivoting their focus towards forthcoming heavy-weight economic data releases from the US in the second half of the week. The greenback’s pull back also extends following much weaker than...

FX option expiries for 4 October 10am New York cut

FX option expiries for 4 October 10am New York cut

There is just one to take note of, as highlighted in bold. That being for EUR/USD at 1.0475 but even so, the level doesn't really hold much technical significance. As such, the expiries may not feature much into play but it could help sellers to keep price action more...

FX option expiries for 3 October 10am New York cut

FX option expiries for 3 October 10am New York cut

There are a couple to take note of, as highlighted in bold.The first being for EUR/USD at 1.0495 which sits near the broken barrier of 1.0500. That should help to keep any upside push more limited on the day and allow for sellers to lean on that to keep the downside...

FX option expiries for 2 October 10am New York cut

FX option expiries for 2 October 10am New York cut

There aren't any significant expiries to take note of for the day. As such, trading sentiment will likely continue to revolve around the bond market and risk sentiment for the most part. But with it being non-farm payrolls week, just be wary that there will rather...

FX option expiries for 29 September 10am New York cut

FX option expiries for 29 September 10am New York cut

There are a couple to take note of, as highlighted in bold. But for a month-end and quarter-end date, there aren't too many significant option expiries to be wary about.The first for EUR/USD is at 1.0600 and is a relatively large one, so it adds to a defensive layer...

FX option expiries for 28 September 10am New York cut

FX option expiries for 28 September 10am New York cut

There aren't any significant expiries to take note of for today. As such, trading sentiment will continue to revolve around the bond market and the spillover impact from that to FX and risk. The selling in bonds tend to hit in the US, so I'd stay guarded on any other...

Dollar Soars on Sky-High Yields, Gold Plummets

Dollar Soars on Sky-High Yields, Gold Plummets

Dollar’s strength remains unabated, particularly against its European counterparts and Yen. The greenback rose alongside 10-year yield, which soared past the 4.6% mark overnight, a level unseen in over 15 years. The surging global treasury yields are a clear indicator...

FX option expiries for 27 September 10am New York cut

FX option expiries for 27 September 10am New York cut

There are a couple of large ones to take note of, as highlighted in bold.The first being for EUR/USD near the 1.0600 mark, similar to yesterday. That should keep a lid on price action in any push higher amid an extension of the ranges for today. Sellers remain in...

Dollar Rally Continues With Tailwinds from Risk Aversion

Dollar Rally Continues With Tailwinds from Risk Aversion

Amid the backdrop of surging treasury yields, Dollar has pressed on, extending its recent rally. The mounting sentiment of risk aversion has provided additional tailwinds for the greenback, especially after the DOW experienced its sharpest decline since March. For...

FX option expiries for 26 September 10am New York cut

FX option expiries for 26 September 10am New York cut

There are a couple of notable expiries on the board for today, as highlighted in bold.The first being for EUR/USD at the 1.0600 mark, although it does not hold much technical significance. Still, sellers are likely to lean on the figure level to put up offers and the...

FX option expiries for 22 September 10am New York cut

FX option expiries for 22 September 10am New York cut

There is just one to take note of, as highlighted in bold. That being for GBP/USD at 1.2250 but the level doesn't really hold any technical significance. As such, the expiries may not factor into play all too much especially as we have UK retail sales and PMI data...

Hawkish Fed Spurs Dollar and Yield Surge, SNB and BoE Next

Hawkish Fed Spurs Dollar and Yield Surge, SNB and BoE Next

Fed’s decisively hawkish stance overnight propelled both Dollar and yields upwards, albeit dampening the stock market. Majority of FOMC members maintained projections of another interest rate hike within the year, with a tempered pace of rate cuts anticipated for the...

FX option expiries for 21 September 10am New York cut

FX option expiries for 21 September 10am New York cut

There is just one to take note of, as highlighted in bold. That being for EUR/USD at 1.0600, although it isn't exactly the most technically significant level for the pair at the moment. That title goes to the May low at 1.0635 as highlighted here.As such, the expiries...

FOMC Rate Decision Looms, Dollar Softens Slightly

FOMC Rate Decision Looms, Dollar Softens Slightly

Dollar is slightly softer today as the financial world holds its breath for FOMC rate decision. With the market strongly anticipating a hold, eyes will turn to the dot plot for insights. The pivotal question remains: Will there be hints of another rate hike slated for...

FX option expiries for 20 September 10am New York cut

FX option expiries for 20 September 10am New York cut

There aren't really any nearby significant expiries on the day, as seen above. There are some close-ish ones for GBP/USD and USD/CAD but given prevailing price action and the lack of technical significance, the expiries are not likely to have any pull in the sessions...

FX option expiries for 19 September 10am New York cut

FX option expiries for 19 September 10am New York cut

Similar to yesterday, there isn't anything significant on the expiries board for today as well. As such, trading sentiment will continue to be rather tied down as broader markets are waiting on the Fed decision tomorrow firstly before really committing to any moves on...

Asian Markets Tilt Cautious, Canada CPI Watched

Asian Markets Tilt Cautious, Canada CPI Watched

Asian markets manifested mild risk-off sentiments today, with Nikkei weighing down the broader region. As Japanese investors made their way back from an extended holiday weekend, notable sell-off in chip stocks took place. This reaction was prompted by reports that...

FX option expiries for 18 September 10am New York cut

FX option expiries for 18 September 10am New York cut

There aren't any significant expiries to take note of for the day. But there are some large ones sandwiching USD/JPY at its current price levels, seen at 147.00 and 148.35, although I doubt we will see them come into play. The market mood is rather lethargic today...

FX option expiries for 15 September 10am New York cut

FX option expiries for 15 September 10am New York cut

There aren't any significant expiries to take note of for the day. There is a large one for USD/JPY at 146.75 but that is not likely to factor into play given the price action we're seeing. As such, trading sentiment will continue to rely more on the risk mood and...

FX option expiries for 14 September 10am New York cut

FX option expiries for 14 September 10am New York cut

There is just one to take note of, as highlighted in bold.That being for GBP/USD at 1.2475, although I wouldn't attach much significance to that level. It isn't one that has any technical bearings, with the 200-day moving average at 1.2430 still being the key downside...

FX option expiries for 13 September 10am New York cut

FX option expiries for 13 September 10am New York cut

There isn't anything significant to take note of on the board for today. As such, trading sentiment is likely to stay rather muted until we get to the US CPI data later in the day. That will be the key driver for broader markets and will set the tone before we get...

FX option expiries for 12 September 10am New York cut

FX option expiries for 12 September 10am New York cut

There aren't any significant expiries to take note of for the day. As such, trading sentiment will revolve around the risk mood and bond market developments if anything else. That being said, it's a quiet one today so there might not be much in it in terms of...

FX option expiries for 11 September 10am New York cut

FX option expiries for 11 September 10am New York cut

There aren't any major expiries to take note of for the day. As such, trading sentiment will be fixated on the headlines from over the weekend - in which the most significant being BOJ governor Ueda's. That has helped the yen to surge higher today and the unwinding of...

FX option expiries for 8 September 10am New York cut

FX option expiries for 8 September 10am New York cut

There is just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.0700 mark once again. All else being equal, it should keep price action just above the figure level before rolling off later in the day - similar to yesterday. And...

FX option expiries for 7 September 10am New York cut

FX option expiries for 7 September 10am New York cut

There is just one to take note of, as highlighted in bold.That being for EUR/USD at the 1.0700 mark, which could keep price action more limited above the figure level at least in the session ahead. That said, the two key drivers of trading sentiment right now are the...

FX option expiries for 6 September 10am New York cut

FX option expiries for 6 September 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.The first being a set of expiries for EUR/USD at 1.0740-50, which could keep price action more limited closer to said levels before rolling off later in the day. As for technical upside, the 1.0800...

FX option expiries for 4 September 10am New York cut

FX option expiries for 4 September 10am New York cut

There aren't any nearby significant expiries on the board for today. As such, trading sentiment is likely to be rather muted as traders will have little to work with considering that it is a US holiday as well.For more information on how to use this data, you may...

FX option expiries for 5 September 10am New York cut

FX option expiries for 5 September 10am New York cut

There aren't any significant expiries to take note of on the day. As such, trading sentiment will rely mostly on broader market developments - in particular, the bond market I would say. US traders will return to the fray today and we are already getting a teaser with...

NFP Boosts Investor Sentiment, Pressures Dollar and Yields

NFP Boosts Investor Sentiment, Pressures Dollar and Yields

Investors react favorably to the much-anticipated US Non-Farm Payroll data, sending stock futures soaring while Treasury yields and Dollar weaken. The latest numbers point to a more relaxed labor market, yet with decent job growth, which is what Fed would love to see....

FX option expiries for 1 September 10am New York cut

FX option expiries for 1 September 10am New York cut

There are some big ones to watch out for on the day, as highlighted in bold.They are all for EUR/USD and will factor into price action in the aftermath of the US non-farm payrolls later today.The ones at 1.0800 and 1.0820-25 will be ones that could add to a defensive...

Forex Markets Awaiting US NFP Data, Bitcoin Reverses Gains

Forex Markets Awaiting US NFP Data, Bitcoin Reverses Gains

Forex markets are showing unremarkable activity in today’s Asian session, with major currency pairs and crosses largely contained within yesterday’s trading range. The mood this week has been one of indecision, with sporadic movements failing to evolve into sustained...

Euro Slips after CPI and ECB Minutes, Dollar Shrugs PCE

Euro Slips after CPI and ECB Minutes, Dollar Shrugs PCE

Euro falls broadly today together with other European majors. Some might point to the expected slowdown in Eurozone core inflation in August as a factor. But indeed headline inflation was steady from the prior month, above expectations. Comments from ECB officials...

FX option expiries for 31 August 10am New York cut

FX option expiries for 31 August 10am New York cut

There isn't any significant expiries to take note of for the day. As such, trading sentiment will rely more on the broader market mood. And in that lieu, a lot will hinge once again on US data as outlined here.For more information on how to use this data, you may...

Dollar Slumps on ADP Miss, Gold Extending Rally

Dollar Slumps on ADP Miss, Gold Extending Rally

Dollar is facing accelerated selloff following the release of disappointing ADP private employment data, which showed deceleration in both job and pay growth. Although the employment numbers were by no means dismal, the cooling job market is being perceived as a...

FX option expiries for 30 August 10am New York cut

FX option expiries for 30 August 10am New York cut

There are a couple of large ones to take note of for the day, as highlighted in bold.The first few being for EUR/USD at 1.0875 and 1.0900 but both levels don't really hold much technical significance. The charts are showing that price action has room to roam between...

Dollar Rally Faltered, With Focus Turning to ADP Jobs

Dollar Rally Faltered, With Focus Turning to ADP Jobs

Dollar’s attempted rally quickly reversed overnight, following disappointing consumer confidence data. Interestingly, equities gained on what some market participants are calling a “bad news is good news” factor. The logic here is that Fed is now less likely to raise...

USD/JPY Hits Year-High in Subdued Markets

USD/JPY Hits Year-High in Subdued Markets

In a relatively uneventful trading day, the notable standout is the rally in the USD/JPY currency pair, which has now reached its highest level this year. The bullish momentum for Dollar against Yen raises questions about whether traders are positioning themselves...

FX option expiries for 29 August 10am New York cut

FX option expiries for 29 August 10am New York cut

There is just one to take note of on the agenda today, as highlighted in bold.That being for EUR/USD at the 1.0800 mark, which continues to be a key point of interest for the pair this week. The 200-day moving average at 1.0807 adds a technical layer to the expiries...

Yen Staying Weak in Muted Trading, Chinese Yuan Softens

Yen Staying Weak in Muted Trading, Chinese Yuan Softens

Trading in the forex market today saw a tempered tone, with most major currencies trading in a tight range due to a sparse economic calendar. An early uplift in market sentiment was observed, largely attributed to China’s strategic moves aimed at boosting investor...

FX option expiries for 28 August 10am New York cut

FX option expiries for 28 August 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.The first being for EUR/USD near the 1.0800 mark and that could see price action be more drawn to the figure level as the 200-day moving average at 1.0805 is also of keen interest at the moment....

FX option expiries for 25 August 10am New York cut

FX option expiries for 25 August 10am New York cut

It's a quiet one on the expiries board, with not really any significant ones to take note of for the day.There is a large one for EUR/USD at 1.0825 which isn't too far away. However, the 1.0800 level and 200-day moving average at 1.0802 remains the more important...

Dollar Resurgence Amid Rising Treasury Yields

Dollar Resurgence Amid Rising Treasury Yields

Dollar exhibits renewed vigor in the early US trading hours, marking broad-based gains. While today’s data showcased robust initial jobless claims and a mixed bag for durable goods orders, these don’t seem to be the primary catalysts fueling the Dollar’s ascent. A...

FX option expiries for 24 August 10am New York cut

FX option expiries for 24 August 10am New York cut

There are a couple to take note of, as highlighted in bold.The first ones being for EUR/USD with large ones at 1.0800 and 1.0900-10 being the more significant ones I would say. The former sits near key technical levels as supported by price action yesterday while the...

Dollar Up on PPI Data, But Strong Enough for Breakout?

Dollar Up on PPI Data, But Strong Enough for Breakout?

Dollar is making slight gains in early US session, buoyed by slightly better-than-expected PPI data release. Adding to its strength are mild risk aversion sentiments and continued rebound in Treasury yields. If this buying momentum sustains, the greenback could well...

Dollar Holds Up, Storm Brewing in Commodity Currencies

Dollar Holds Up, Storm Brewing in Commodity Currencies

Dollar emerged notably resilient in a week of highly anticipated inflation data, clinching the top spot among currency performers. With the next FOMC meeting still more than a month away, the greenback’s trajectory now rests heavily on the prevailing market risk...

Aussie and Kiwi Feel the Heat as Asian Risks Rise

Aussie and Kiwi Feel the Heat as Asian Risks Rise

Australian and New Zealand Dollars faced broad-based pressures in today’s Asian session, as markets are gripped by risk-off mood. Hong Kong HSI is witnessing the most significant downturn, in the wake of the beleaguered Chinese property developer, Country Garden,...

Euro Under Pressure Ahead of PMIs from EZ, UK and US

Euro Under Pressure Ahead of PMIs from EZ, UK and US

Euro faces headwinds this week, emerging as one of the more subdued performers, with all eyes set on today’s Eurozone PMI data. Its trajectory, when compared to Yen and Aussie, remains uncertain, as both showed minimal response to their respective PMI releases....

FX option expiries for 23 August 10am New York cut

FX option expiries for 23 August 10am New York cut

There are a couple to take note of, as highlighted in bold.The first ones being for EUR/USD, which I would say the expiries at 1.0800 would be more of a significant factor if we do see price action roam towards that level in the session ahead. Such a play would be...

Dollar Finally Capitalizes on Intensifying Risk Aversion?

Dollar Finally Capitalizes on Intensifying Risk Aversion?

As the trading week draws to a close, Dollar appears to be finally capitalizing on heightened risk aversion, extending its recent surge. Major European stock indexes are painting a gloomy picture, while US futures points to negative opens. British Pound, once the...

Yen Selloff Slows, But Remains Vulnerable

Yen Selloff Slows, But Remains Vulnerable

Yen’s selloff experienced a mild respite during the Asian session, bolstered by a spike in 10-year JGB yield that touched its apex since 2014. However, given the widening yield disparities with both US and European counterparts, the outlook for Yen remains bearish, at...

Euro Lags in Muted Markets; Eyes on Upcoming PMI Data

Euro Lags in Muted Markets; Eyes on Upcoming PMI Data

Euro is currently the weakest major currency in very quiet markets today, with little of note from the economic calendar. Meanwhile, other European majors are soft too, with Sterling just performing slightly better than Swiss Franc. Meanwhile, the rebound in metal...

FX option expiries for 22 August 10am New York cut

FX option expiries for 22 August 10am New York cut

There is just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.0900 mark once again. That is likely to help keep price action more contained, especially as we are now hovering in between the 100-hour moving average (1.0886) and...

FX option expiries for 21 August 10am New York cut

FX option expiries for 21 August 10am New York cut

There is just one to take note of for the day, as highlighted in bold.That being for EUR/USD at the 1.0900 mark, which could help to limit any major upside push in the session ahead. There is a bit more of a lackluster mood right now, so the large expiries should also...

FX option expiries for 18 August 10am New York cut

FX option expiries for 18 August 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.The first being ones for EUR/USD at 1.0850 and 1.0900. Those are likely to keep price action more contained on the session, before rolling off later today. This comes as the downside momentum...

FX option expiries for 17 August 10am New York cut

FX option expiries for 17 August 10am New York cut

There is just one to take note of for the day, as highlighted in bold.That being for EUR/USD at 1.0880 but I don't see the expiries set as being that big of a pull factor for price action. There isn't any technical significance attached to the level and the downside...

FX option expiries for 16 August 10am New York cut

FX option expiries for 16 August 10am New York cut

There aren't any major ones to take note of for the day. As such, trading sentiment will rely more on the technicals (which are favouring the dollar) and also the broader market mood (which the bond market is still being a key influence).For more information on how to...

FX option expiries for 15 August 10am New York cut

FX option expiries for 15 August 10am New York cut

There are a couple to take note of, as highlighted in bold.The first being for EUR/USD at 1.0900, which could limit some downside pressure on the session. However, keep in mind that technically we are seeing a break under the 100-day moving average of 1.0930 and that...

FX option expiries for 14 August 10am New York cut

FX option expiries for 14 August 10am New York cut

There is just one to take note of, as highlighted in bold.That being for EUR/USD at 1.1000, which I would say might not get much traction on a day like this considering the market mood. The dollar is in a good spot and sellers are pressuring EUR/USD more towards its...

FX option expiries for 12 July 10am New York cut

FX option expiries for 12 July 10am New York cut

There aren't any significant expiries to take note of for the day. As such, trading sentiment will continue to revolve around the risk mood and the technicals for the most part. Keep in mind that we also do have headline risks to consider in the day ahead with the US...

FX option expiries for 13 July 10am New York cut

FX option expiries for 13 July 10am New York cut

There is just one to take note of for the day, as highlighted in bold.And even so, it isn't of too much impact I would say as it pertains to AUD/USD at the 0.6800 mark. The level doesn't hold any technical significance so there isn't much of a pull factor especially...

FX option expiries for 14 July 10am New York cut

FX option expiries for 14 July 10am New York cut

There aren't really any significant ones to take note of for the day. As such, trading sentiment is going to revolve mostly around the technicals and the dollar mood. It looks like markets are taking a bit of a breather from the hot and heavy action since the US CPI...

FX option expiries for 17 July 10am New York cut

FX option expiries for 17 July 10am New York cut

There aren't any significant expiries to take note of for today. As such, trading sentiment will continue to revolve around the technicals for the most part. And in the case of FX since last week, dollar sentiment will also play a big role in price action as we get...

FX option expiries for 18 July 10am New York cut

FX option expiries for 18 July 10am New York cut

There is just one to take note of for the day, as highlighted in bold.That being for AUD/USD at 0.6850, although it doesn't hold much of a pull I would argue. The level doesn't really have any technical significance but might just be a spot that could see price action...

FX option expiries for 19 July 10am New York cut

FX option expiries for 19 July 10am New York cut

There is just one to take note of for today, as highlighted in bold.That being for EUR/USD at 1.1250, which may not be too impactful in my view. The level is one that doesn't hold any technical significance but considering the price action this week, it may help to...

FX option expiries for 20 July 10am New York cut

FX option expiries for 20 July 10am New York cut

There are quite a number of large expiries to take note of for the day, as highlighted in bold.The first being for EUR/USD near the 1.1200 mark, so that will likely help to play a role in limiting any downside pull in the pair. This fits with the recent price action...

FX option expiries for 21 July 10am New York cut

FX option expiries for 21 July 10am New York cut

There is perhaps just one to take note of for the day, as highlighted in bold. That being for USD/CAD but it isn't one that should be too impactful since the expiries are split between 1.3145 ($446m) and 1.3155 ($661m). Adding to that, there isn't much technical...

FX option expiries for 24 July 10am New York cut

FX option expiries for 24 July 10am New York cut

There are a couple to take note of for the day, as highlighted in bold.However, these are levels that don't really offer much technical significance. The one for USD/JPY at 141.29 has no technical bearings whatsoever, so at best it may just act as a bit of a sticking...

FX option expiries for 25 July 10am New York cut

FX option expiries for 25 July 10am New York cut

There is just one to take note of on the day, as highlighted in bold.That being for AUD/USD at 0.6770 and it sits near the 100-hour moving average of 0.6765 currently, a level which is helping to limit gains on the day. That could play an added role in keeping price...

Fixing flows weigh on US dollar

Fixing flows weigh on US dollar

The US dollar sagged broadly into the 4 pm London fix. I suspect some month-end flows are starting to hit and we could also be seeing some flows around USD/JPY tied to worries about this week's BOJ decision.The data today was USD-positive but the dollar has been...

FX option expiries for 26 July 10am New York cut

FX option expiries for 26 July 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.They are both being for EUR/USD at 1.1025 and 1.1070-75. There might not be much technical significance to those levels but given recent price action and the fact that we have to wait on the FOMC...

FX option expiries for 27 July 10am New York cut

FX option expiries for 27 July 10am New York cut

There is one to take note of for the day, as highlighted in bold.That being an extremely large set of expiries for EUR/USD at 1.1100-05, which is likely to act as a magnet and limit any upside price action in the session ahead before we get to the ECB policy decision...

FX option expiries for 28 July 10am New York cut

FX option expiries for 28 July 10am New York cut

There is just one to take note of, as highlighted in bold.That being for EUR/USD at the 1.1000 mark. Given recent price action since yesterday, the expiries may serve as a defensive layer for sellers to keep price pinned lower in the session ahead. The euro also has...

FX option expiries for 31 July 10am New York cut

FX option expiries for 31 July 10am New York cut

There are just a couple to take note of, as highlighted in bold.The first being for EUR/USD at 1.1000, so that could keep price action a little more sticky just in and around the figure level during the session ahead. The pair is observing a narrow range so far today,...

August seasonal trade trends | Forexlive

August seasonal trade trends | Forexlive

In late-June I highlighted that seasonals for stock markets were strong for July and that's exactly what took place, including a 13-day rally in Dow Jones Industrial Average.That chapter is closing and it's time to turn the page to August so here are some seasonal...

FX option expiries for 1 August 10am New York cut

FX option expiries for 1 August 10am New York cut

There are a couple to take note of for the day, as highlighted in bold.The first being a bunch of expiries for EUR/USD in the region of 1.1030-50. The largest of them being the one at 1.1050 but put together, there is a lot of interest in and around those levels. If...

FX option expiries for 2 August 10am New York cut

FX option expiries for 2 August 10am New York cut

There aren't any significant expiries to take note of on the day. As such, trading sentiment will continue to revolve around the risk mood and more so now after the news that Fitch has cut US' credit rating from AAA to AA+. The flight to safety play will be the thing...

FX option expiries for 11 August 10am New York cut

FX option expiries for 11 August 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.They are all pertaining to EUR/USD and lie between 1.0950 to 1.1000, so that is likely to keep price action more limited during the session before rolling off later today. It's a quiet on in markets...

FX option expiries for 3 August 10am New York cut

FX option expiries for 3 August 10am New York cut

There are just a couple to take note of for today, as highlighted in bold.That being for EUR/USD around the 1.0900 to 1.0920 region and they are relatively large ones. They sit close to the 100-day moving average at 1.0915, which is a key technical level for the pair....

FX option expiries for 4 August 10am New York cut

FX option expiries for 4 August 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.The first being for USD/JPY at 142.00, a level where buyers are likely to try and make a stand in case of any downside push. The figure level does have some technical significance in reaffirming the...

FX option expiries for 7 August 10am New York cut

FX option expiries for 7 August 10am New York cut

There is just one to take note of for the day, as highlighted in bold.That being a large set of expiries for EUR/USD at 1.0940-50, which may limit price action a little to the downside during the session ahead. But the more important supportive technical level is the...

FX option expiries for 8 August 10am New York cut

FX option expiries for 8 August 10am New York cut

There aren't any major expiries nearby the current spot levels for today. As such, price action will rely more on the market mood and technicals mostly. But keep in mind that we are in peak summer in Europe, so liquidity conditions aren't the best and that means there...

FX option expiries for 9 August 10am New York cut

FX option expiries for 9 August 10am New York cut

There is just one to take note of, as highlighted in bold.That being a large set of expiries for USD/JPY at 143.00, and that is likely to keep price action in and around that level before rolling off later today. There aren't any other major drivers and with a lack of...

FX option expiries for 10 August 10am New York cut

FX option expiries for 10 August 10am New York cut

There are quite a number to take note of for the day, as highlighted in bold.The big ones being for EUR/USD near 1.0900 as well at 1.1000 and just above that. The expiries at around 1.1000-25 is likely to keep any upside in check before rolling off on the day but just...

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