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
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...
: Goldman Sachs commodities-trading head to retire after 24 years
Goldman Sachs Group Inc. GS executive Ed Emerson plans to retire in 2024 after 24 years at the bank, according to an internal memo seen by MarketWatch. Emerson, who currently serves as head of global commodities, reportedly earned $100 million in the past three years,...
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...
Woburn Dentistry Gives Away Over $12,500 worth of Dental Treatments
Woburn-based dental office delivered free care to over 60 patients in one dayWOBURN, Mass., Dec. 13, 2023 (GLOBE NEWSWIRE) — On Friday, December 8, 2023, the team at Woburn Dentistry provided free care to over 60 underserved community members – offering everything...
EUR/USD – Fireworks Expected from the Final Fed Meeting of the Year
Fed expected to leave interest rates unchanged Forecasts and dot plot key as markets price in four rate cuts next year EURUSD hovers around 50 Fib The final Fed meeting of the year could also be the most eventful, with the central bank likely to acknowledge it’s done...
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...
TFF Pharmaceuticals Appoints Thomas B. King to Board of Directors
FORT WORTH, Texas, Dec. 13, 2023 (GLOBE NEWSWIRE) — TFF Pharmaceuticals, Inc. (NASDAQ: TFFP), a clinical-stage biopharmaceutical company focused on developing and commercializing innovative drug products based on its patented Thin Film Freezing (TFF) technology...
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....
Europe-Based George Syllantavos Joins Beam Global Board of Directors
SAN DIEGO, Dec. 13, 2023 (GLOBE NEWSWIRE) — Beam Global, (Nasdaq: BEEM, BEEMW), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced that George Syllantavos, based in Europe,...
Nasdaq 100: It’s All About Liquidity to Maintain Current Bullish Momentum
Nasdaq 100 recent bullish trend has moved in synch with a significant improvement in the net US liquidity since late October 2023. The major liquidity contributor has been a significant drawdown in the Fed’s overnight reverse repo facility that negates the adverse...
Glycidyl Methacrylate Market Size Worth USD 274.8 billion by 2031, Grow at 5.5% CAGR – Report by Transparency Market Research Inc.
New applications and formulations may be found through ongoing research and development, further expanding the glycidyl methacrylate market reach.Wilmington, Delaware, United States, Dec. 13, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. –The global...
Eurozone industrial production falls -0.7% mom in Oct, EU down -0.5% mom
Eurozone industrial production fell -0.7% mom in October, worst than expectation of -0.3% mom. Production of capital goods fell by -1.4%, intermediate goods and non-durable consumer goods both by -0.6%, while production of durable consumer goods grew by 0.2% and...
Preimplantation Genetic Testing Market Predicted to Achieve USD 1,648.6 Million Valuation by 2032, Driven by a Steady 8.1% CAGR
The advancements in genetic screening technology are continuing to improve the accuracy and efficacy of Preimplantation Genetic Testing, which makes it easier and more efficient for couples that are using assisted reproductive technology.New York, Dec. 13, 2023 (GLOBE...
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...
Automotive Headlight Coatings Aftermarket is Anticipated to Reach USD 3.6 billion, at a CAGR of 4.2% CAGR by 2031 | Transparency Market Research Inc.
Automotive headlight coating aftermarket coatings with smart features could become more common as vehicles become more connected and sophisticated.Wilmington, Delaware, United States, Dec. 13, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. –Automotive...
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
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...
Dollar in Wait-and-See Mode, Awaiting Federal Reserve’s Policy Cue
As the markets eagerly await FOMC rate decision and the release of new economic projections, Dollar is currently holding steady within a narrow range. The spotlight is particularly on the revised dot plot, as it is expected to provide crucial insights into the pace of...
AMEA Nanotechnology Photocatalysis Surface Coating Business to Reach US$ 255.2 Million by 2033 Amid Growing Concerns Over Hygienic Surfaces | Future Market Insights, Inc.
Riding high on Saudi Arabia’s nanotechnology photocatalysis coatings market, poised to reach US$ 47.0 million by 2033. Fueled by a 13.9% CAGR, healthcare and infrastructure sectors propel demand for sterile surfaces, driving this growth surge.NEWARK, Del, Dec. 13,...
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...
Former Geisinger President and CEO, Glenn D. Steele Jr., MD, PhD, Joins Amplifire as a Strategic Advisor
Amplifire welcomes Dr. Glenn Steele as a Strategic Advisor, leveraging health system expertise for future growthDr. Glenn Steele joins Amplifire’s strategic advisory board Dr. Glenn Steele joins Amplifire’s strategic advisory boardBoulder, Colorado, Dec. 12, 2023...
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...
: EIA lowers its 2024 price forecasts for WTI and Brent oil, and U.S. natural gas
The U.S. Energy Information Administration reduced its 2024 forecasts for U.S. and global benchmark oil prices, and U.S. natural gas, in a monthly report released Tuesday. The EIA said Brent crude is expected to average $82.57 a barrel in 2024, down 11.4% from the...
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...
Sichenzia Ross Ference Carmel LLP Completes 18 Transactions in Past 60 Days, Establishing Itself as One of the Most Prolific Securities Law Firms in the Country
Since announcing the business combination in October, SRFC has demonstrated its presence by representing a number of organizations on IPOs, public and private offerings, and other market activityNEW YORK, Dec. 12, 2023 (GLOBE NEWSWIRE) — Sichenzia Ross Ference Carmel...
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
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
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
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
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 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...
89bio Announces Closing of its Upsized Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares
SAN FRANCISCO, Dec. 12, 2023 (GLOBE NEWSWIRE) — 89bio, Inc. (“89bio”) (Nasdaq: ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardiometabolic diseases, today...
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....
BioXcel Therapeutics Hosting Virtual Neuroscience R&D Day Today
Company to review BXCL502 and other potential emerging pipeline candidates Dr. Jeffrey Cummings to discuss agitation relief in Alzheimer’s disease and BXCL502 as a potential treatment for chronic useDr. Sandra Comer to discuss BXCL501 as a potential treatment for...
German ZEW rises to 12.8 on increasing expectation of ECB rate cut
German ZEW Economic Sentiment rose slightly from 9.8 to 12.8 in December, above expectation of 8.8. Current Situation Index rose from -79.8 to -77.1, but missed expectation of -75.5. Eurozone ZEW Economic Sentiment rose sharply from 13.8 to 23.0, well above...
Diabetic Sock Market Size Projected to Hit USD 268.2 million 2031, Grow at 5.9% CAGR – Report by Transparency Market Research, Inc.
Sensors and technological advancements in the coming years will further boost the market demand for diabetic socks.Wilmington, Delaware, United States, Dec. 12, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. –The diabetic socks market size stood at US$ 154...
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...
Browan Communications’ Henry Huang Joins LoRa Alliance® Board of Directors to Accelerate Growth in Asia and Diversity of LoRaWAN Certified Devices
Henry Huang, CEO of Browan Communications, Inc. Henry Huang, CEO of Browan Communications, Inc. has joined the LoRa Alliance board of directors.FREMONT, Calif., Dec. 12, 2023 (GLOBE NEWSWIRE) — The LoRa Alliance®, the global association of companies backing the open...
Dollar Index in a Corrective Wave (4) Rally – Technical Resistance at 104.50
It’s an important day for the markets with the US CPI release and expectation of 3.1% down from 3.2%, so dollar and us yields can be volatile today on speculations regarding further policy rate decisions from the FED tomorrow. From an Elliott wave perspective, the DXY...
Sucden Financial Expands Risk Technology Partnership with Nasdaq to Enhance Market Coverage and Data Analytics
LONDON, Dec. 12, 2023 (GLOBE NEWSWIRE) — Sucden Financial, the multi-asset execution, clearing, and liquidity provider, and Nasdaq (Nasdaq: NDAQ) today announced that they have agreed to extend their risk technology partnership, which will further enhance Sucden...
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...
Dollar Softens Mildly ahead of US CPI, Aussie Gains as China Relaxes Some Trade Sanctions
Dollar softens slightly in today’s Asian session, as the global markets await forthcoming US consumer inflation data. Headline CPI is anticipated to show a modest deceleration to 3.2% in November, while core CPI is expected to remain stubbornly high at 4%. Fed’s...
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...
Lowey Dannenberg, P.C. is Investigating Inspired Entertainment, Inc. (NASDAQ: INSE) for Potential Violations of the Federal Securities Laws
NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) — Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE) for potential violations of the federal...
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...
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Is Mostly Flat As Traders Stay Cautious
Demand worries persist but some traders are ready to bet on a rebound. Latest posts by Crypto Editor (see all) Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Is Mostly Flat As Traders Stay Cautious - December 11, 2023 Gold, Silver, Platinum Forecasts – Gold Dives...
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...
Li-Cycle Holdings (LICY) Misled Investors About Rochester Hub, Lawsuit Claims – Hagens Berman
HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages LICY Investors Who Suffered Substantial Losses to Contact Firm’s AttorneysSAN FRANCISCO, Dec. 11, 2023 (GLOBE NEWSWIRE) — Hagens Berman urges Li-Cycle Holdings Corp. (NYSE: LICY) investors who suffered substantial...
AUD/USD: Holds in Extended Sideways Mode, Awaiting Key Economic Releases for Direction Signals
AUDUSD eases further on Monday and breaks below 200DMA which marks approximately the mid-point of 0.6525/0.6620 congestion, in which the pair is holding for the fifth straight day. Near-term action lacks clear direction signal while holding within the range, as daily...
LambdaTest and Wipro Collaborate for Innovative Gen AI Solutions
LambdaTest and Wipro forge a pioneering partnership, integrating Wipro’s Gen AI-powered QE capabilities with LambdaTest’s HyperExecute, to revolutionize software testing on the Cloud with advanced AI capabilities.San Francisco , Dec. 11, 2023 (GLOBE NEWSWIRE) —...
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...
NFWF Announces $1.1 Million in Grants to Support Bird Conservation along the Central Flyway
Awarded through the ConocoPhillips SPIRIT of Conservation Program, grants will support six projects to protect, restore and monitor declining bird populationsHOUSTON, Dec. 11, 2023 (GLOBE NEWSWIRE) — The National Fish and Wildlife Foundation (NFWF), in partnership...
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,...
Yen Pullback Persists as Sterling and Dollar Gain Ahead of Crucial Events
Yen’s near-term pullback has notably accelerated today. Some reports surfaced suggesting that the BoJ is not poised to abandon its negative rate policy anytime soon, with the earliest potential shift expected no sooner than April meeting. This stance isn’t...
Arbor Realty Trust Announces an Increase of its Share Repurchase Program to $150 Million
UNIONDALE, N.Y., Dec. 11, 2023 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (NYSE: ABR), today announced that its Board of Directors has approved an increase to the Company’s share repurchase program authorizing the Company to repurchase up to $150 million of its...
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
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
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
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
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 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...
Yen Robust on Strong Wage Growth Data, NFP to Determine Dollar’s Path
Japanese Yen continues to dominate as the strongest currency for the week, finding additional support from Japan’s unexpectedly robust wage growth data. However, its rally is currently pausing, with global financial markets redirecting their focus towards the...
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...
Yen Dominates with Strong Rally, USD/JPY Enters Bearish Trend Reversal
Yen is trading as the runaway leader in today’s market, dominating traders’ focus. This rally was initially triggered by comments from BoJ Governor Kazuo Ueda regarding the central bank’s potential strategies upon exiting negative interest rates. Buying momentum for...
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...
Yen Climbs as Markets React to BoJ Ueda’s Talk and China’s Import Contraction
Yen and Dollar strengthened notably in Asian session today, amid a backdrop of risk aversion that’s reflected in the continued downturn in Hong Kong’s stock market and softness in Japan. A key factor impacting market sentiment is the unexpected slump in China’s...
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
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...
Market Sentiment Stabilizes, Attention on BoC Decision and US ADP Job
Global market sentiment shows signs of stabilization in Asia today, marked by gains in major indices like Nikkei Hong Kong’s HSI. This shift indicates that the markets have largely absorbed the impact of Moody’s downgrade of China’s rating outlook, redirecting...
Moody’s Downgrade on China Weighs on Commodity Currencies, AUD Leads Decline
Commodity currencies, particularly Australian Dollar, are experiencing notable selling pressure today. However, it should be noted that European investor sentiment, while not explicitly full-blown risk-on, clearly lacks the typical features of risk aversion. In the...
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...
Aussie Dips Following RBA, With Loonie and Kiwi Also Impacted by Risk Aversion
Today’s Asian session saw broad decline in Australian Dollar, along with New Zealand and Canadian Dollars. This pattern suggests a shift towards risk aversion among investors, a sentiment echoed by the performance of major Asian stock indexes. Hong Kong stocks, in...
Yen Strengthens, Aussie Falls in Anticipation of Tokyo CPI and RBA
Today’s markets are characterized by a sense of caution, with most major pairs and crosses gyrating inside Friday’s range. Japanese Yen is an exception as a stronger performer, although it has not yet seen significant follow-through buying. Dollar and the Euro are...
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...
Gold and Bitcoin Lead Market Frenzy, Yen Jumps While Others Tread Cautiously
Gold and Bitcoin are leading the charge in Asian markets today, with Gold breaking to a new record high and Bitcoin surpassing the 40000 mark. This surge contrasts with the mixed performance of Asian equity markets, where indices like Japan’s Nikkei and Hong Kong’s...
Market Upturn as Inflation Cools; Stocks Climb, Euro and Dollar Falter
Financial markets were dominated by themes of cooling inflation, a slowing economy, and increasing expectations of policy easing by both ECB and Fed last week. This convergence of factors ignited a full risk-on mode among investors, propelling major US stock indexes...
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
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...
Dollar and Euro Neck-and-Neck for Weakest Performer, Awaiting ISM Manufacturing Insights
The competition between Dollar and Euro for the title of the week’s weakest performer remains intense. Current talking point is particularly on ECB, where economists are increasingly predicting an early rate cut following this week’s pivotal inflation data. Goldman...
Euro Sell-Off Intensifies Following CPI Miss, Spurring Broad-Based Dollar Rebound
Dollar is staging a broad-based rebound today, driven in part by the selloff in Euro. However, a more significant factor behind Dollar’s recovery appears to be the exhaustion of selling momentum as the month draws to a close. This rebound continues after both headline...
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...
Dollar and Euro Slide on Rate Cut Expectations, with US PCE and Eurozone CPI in Focus
Dollar and Euro are emerging as notable underperformers for the week, largely influenced by increasing market anticipation of interest rate cuts by Fed and ECB in the coming year, a sentiment that is also impacting treasury yields. In US, 10-year treasury yield, a key...
Dollar Finds Its Footing, Euro Faces Headwinds, Aussie at a Critical Point
Dollar is stabilizing after earlier selloff but remains the weakest performer for the week. Its modest recovery can be partly attributed to a bounce back against Euro, which is currently under pressure due to Germany’s lower-than-expected CPI readings. Meanwhile,...
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...
Fed’s Dovish Tone Pressures Dollar and Yields, RBNZ’s Hawkishness Lifts Kiwi
Dollar’s decline finally takes off again overnight, following dovish comments from some Fed officials. In particular, Fed Governor Christopher Waller, typically known for his hawkish views, softened his stance and expressed a level of satisfaction with the current...
Hesitant Dollar Sellers In Search of Clear Signals for Further Action
The forex markets today are characterized by a lack of decisive direction. Dollar remains generally weak, yet there seems to be a reluctance among sellers to push it further down. Market focus is now shifting to comments from several Fed officials scheduled for today...
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...
Yen Strengthens Amid Speculation of BoJ Policy Shift and Business Sector’s Currency Concerns
Yen has a notable bounce in Asian session today, fueled by a Nikkei report suggesting that BoJ is finally near to the end its negative interest rate policy. This policy shift, which could see interest rates rise as early as the first half of next year, hinges on the...
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 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
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...
Dollar’s Weak Streak Continues, Sterling and Antipodean Currencies Shine
Dollar ended as the weakest performer last week, with it poor performance aligning with broader rally in both stock and commodity markets, underpinned by growing investor sentiment favoring US economic soft-landing. Furthermore, minutes from FOMC meeting suggested a...
Canadian Dollar Rallies on Retail Sales Surprise, Kiwi and Sterling Firm
Canadian Dollar is having a notable rebound in early US session, fueled by unexpectedly robust Canadian retail sales data. This data indicated a surprising resurgence in consumer spending, defying the constraints of high interest rates and ongoing inflation. Despite...
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...
Yen Sees Mild Uptick Following Mixed CPI and PMIs, A Signal for Buyers’ Return?
Trading activity is rather subdued in Asian session today, with most major currency pairs and crosses hovering within yesterday’s range. Yen is showing a slight recovery, albeit in the context of mixed inflation and PMI data. While Japan’s core CPI remains...
Sterling and Euro Rise on PMI Data in Consolidating Markets
PMI data are the main drivers in the forex markets today, particularly lifting Sterling and, to some degree, Euro to higher positions. The bounce in Sterling is chiefly attributed to UK services sector bouncing back into expansion territory, a sign of economic...
Eurozone and UK PMIs Grab the Limelight in Thanksgiving Quietude
Global financial markets are experiencing subdued activity in Asian session today, with market participants scaling back their activity in light of Thanksgiving holiday. Major US stock indexes managed to close higher overnight, yet there’s a palpable reluctance among...
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 Extending Recovery as Consolidation Starts, Risks Still Tilted to the Downside
Dollar is extending its near term recovery in the early US session. The latest jobless claims data came in better than expected, offering some support to the greenback. However, this was somewhat offset by weaker-than-anticipated durable goods orders. Overall, the...
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
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...
Canadian Dollar Remains Weak Post-CPI, as Gold Breaches 2000 Barrier
Canadian Dollar exhibited softness in early US session, a reaction to lower-than-expected consumer inflation readings. This development, indicative of ongoing disinflation, could bolster BoC’s confidence to maintain its current policy stance in the upcoming December...
Surging Yen and Yuan in Spotlight ahead of FOMC Minutes and Canada’s CPI
Japanese Yen’s rally continued in today’s Asian session, breaking through 148 mark against Dollar. This rise raises questions about the reaction of Japanese Finance Minister Shunichi Suzuki, particularly in light of his previous comments during Yen’s decline this...
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...
Yen’s Strong Rally Reflects Broader Shifts in Global Monetary Policy Expectations
Japanese Yen’s remarkable rally has become a focal point in the currency markets today. It’s strength is extending into US session. This surge is not an isolated event but a reflection of broader shifts in global monetary policy expectations. A crucial factor...
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’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...
Dollar’s Descent to Intensify Amid Sustained Global Risk Appetite, Yen Reversal to Exacerbate Pressure
Dollar notably emerged as the weakest performer among global currencies last week. This decline was primarily driven by robust risk-on sentiment pervading global markets and noticeable dip in treasury yields, not just in the US but globally. A key factor influencing...
Yen’s Sharp Rebound Amid Global Yield Dip: Central Bank Rate Cut Bets in Focus
Japanese Yen surged sharply in European session, bolstered by significant dips in Germany’s 10-year government bond yield, which reached its lowest level since early September. Concurrently, US 10-year yield also briefly fell below 4.4% mark. This movement in the bond...
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
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...
Dollar Under Renewed Pressure Amid Signs of Cooling Job Market and Easing Price Pressures
Dollar is facing renewed selling pressure in the early US session, as fresh economic data points to a further cooling in the job market. A significant uptick in continuing jobless claims, reaching their highest level in nearly two years, suggests a softening labor...
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...
Aussie Dips Amid Mixed Employment Data and Global Market Cautiousness
Australian Dollar weakens broadly in Asian session, as Australian employment data and shifting global risk sentiment take center stage. The mixed nature of the latest Australian jobs report is causing a rethink among investors regarding RBA’s next steps. Despite...
Sterling Falters Post-UK Inflation Report, Dollar Sees Momentary Respite
Sterling emerged as the standout underperformer today, reacting notably to the latest CPI data from the UK. This data indicated a more rapid deceleration in both headline and core inflation rates than many had predicted. Such a shift in inflation dynamics is feeding...
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...
Dollar Weakness Prevails as Market Bets on Fed Rate Pivot, H1 Cut Expectations Surge
Dollar remains subdued in the aftermath of its significant selloff triggered by CPI release overnight. Market sentiment has swiftly shifted, with the majority now almost ruling out the possibility of further rate hikes by Fed. This shift indicates a growing consensus...
Market Jubilation as US CPI Signals Continuing Disinflation, Dollar Plunges
Investor sentiment is riding high in the wake of the latest US CPI report, with a notable surge in the DOW futures, climbing over 300 points, and a marked drop in 10-year yield, plunging from above 4.6% to below 4.5%. The report presented a picture of easing...
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...
US CPI to Dictate Dollar’s Path, GBP/JPY Poised Ahead of UK Employment Figure
The financial markets are intently focused on the upcoming US CPI report, a key indicator that could influence Fed’s next steps. Expectations are leaning towards further slowdown in headline inflation to 3.3%, while core inflation rate is projected to remain steady at...
Sterling and Aussie Bounce Back from Recent Lows, Euro Sees Downside Risk
There’s a noticeable lack of a unifying theme in the forex markets today, largely attributed to an empty economic calendar across European and North American regions. Both Australian Dollar and British Pound are seeing a rebound from their recent downturns,...
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...
Yen Nears Multi-Decade Low Against Dollar, Eyes on Japan’s Response
Japanese Yen continues to weaken, accelerating its decline in today’s Asian session and edging closer to a multi-decade low against Dollar. The market appears to be gaining confidence that Japan will not intervene at this stage, despite the steep and extended...
Dollar Tops Weekly Performance But Next Move Uncertain, Aussie Suffers
Dollar emerged as the best performer last week, fueled by hawkish remarks from Fed Chair Jerome Powell. The greenback’s surge raises questions: is this merely a recovery from recent losses, or the beginning of a new uptrend? While Dollar gains support, rising risk-on...
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...
Aussie’s Decline Overshadows Hawkish RBA Signal; Sterling Waits for UK GDP Amid Dollar Strength
In today’s currency markets, Australian Dollar is notably weaker across the board, a development that comes as a surprise considering the hawkish tone of the latest RBA Statement on Monetary Policy. The statement, which leaned towards the possibility of another rate...
Key EUR/USD, USD/JPY, AUD/USD (and more) FX option expiries for Friday, 10 November
EUR/USD 1.0850 (EUR813mn) 1.0700 (EUR729mn) 1.0650 (EUR588mn)USD/JPY 150.00 (USD1.3bn) 151.00 (USD1.11bn) AUD/USD 0.6430 (AUD504mn) USD/CAD 1.3800 (USD583mn) 1.3600 (USD570mn) 1.3650 (USD488mn)GBP/USD 1.2194 (GBP451mn) 1.2270 (GBP407mn) NZD/USD 0.5645 (NZD353mn)...
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...
Euro Strengthens Amid Market Quietude, Bitcoin’s Rally Poses Tailwind for Tech
Euro is showing signs of fortitude in relatively subdued market conditions today. The overnight rebounds in EUR/USD and EUR/CHF indicate that bearish traders are hesitating to drive the market, while EUR/JPY continues its upward stride. On the other hand, Dollar is...
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...
FX option expiries for Wednesday, 8 November 2023 at the 10am New York cut
USD/JPY 151.00 (USD1.84bn) 150.00 (USD1.28bn) 146.50 (USD1.05bn)EUR/USD 1.0600 (EUR1.24bn) 1.0700 (EUR1.24bn)USD/CNY 7.3000 (USD2.51bn) 7.3140 (USD1.29bn) 7.3160 (USD1.07bn)AUD/USD 0.6390 (AUD875mn) 0.6525 (AUD866mn) 0.6530 (AUD646mn)USD/CAD 1.3500 (USD520mn) 1.3475...
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 Gains as Risk Aversion Spreads, Market Seeks Clarity Amid Global Economic Concerns
As markets across the globe confront a wave of cautious sentiment, Dollar finds itself in a position of strength, capitalizing on a shift in investor mood. European trading sessions have mirrored the apprehensive tone set by Asian markets, although early signs from US...
Aussie Dips Post-RBA Hike Amid Softened Hawkish Stance and Weak Risk Appetite
Australian Dollar is taking a surprising dip today despite RBA’s anticipated decision to raise the cash rate target by 25bps. Investors have taken this opportunity to lock in profits, influenced by the central bank’s softened rhetoric on the immediate need for further...
FX option expiries for Tuesday, 7 November 2023 at the 10 am New York cut
A look at what is on the board for today USD/JPY 150.00 (USD882mn) 149.00 (USD765mn)EUR/USD 1.0650 (EUR1.83bn) 1.0500 (EUR1.2b)1.0490 (EUR875mn)USD/CNY 7.3500 (USD351mn)AUD/USD 0.6400 (AUD440mn)0.6610 (AUD354mn)GBP/USD 1.2168 (GBP430mn) 1.2300 (GBP325mn)USD/CAD 1.3615...
European Majors Show Strength after Sentix Data, Aussie Consolidates
European majors are maintaining their upward momentum against the Dollar, leveraging last week’s rally and finding additional support in the unexpectedly positive Eurozone investor confidence data. Yet, while the data provided a glimmer of positivity, the market...
FX option expiries for 6 November at the 10am New York cut
A look at what is on the board for today USD/JPY: 152.00 (USD amount 1.68bn), 150.00 (USD1bn), 150.50 (USD954mn)EUR/USD: 1.0600 (EUR793mn)USD/CNY: 7.3000 (USD1.69bn), 7.4000 (USD841mn), 7.2500 (USD747mn)AUD/USD: 0.6400 (AUD1.19bn)GBP/USD: 1.2280 (GBP533mn), 1.2375...
Forex Markets Hold Steady; Anticipation Builds for RBA Hike on Tuesday
As the new trading week opens, the forex markets present a scene of relative tranquility during the Asian session. Dollar is attempting a modest recovery from last week’s downturn, yet the impetus for a decisive rally seems absent. In contrast to the upbeat sentiment...
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...
Disappointing NFP Data Fuels Market Optimism Dollar and Yields Tumble
Markets reacted with notable positivity to the latest US. non-farm payroll report, which showed weaker-than-expected growth in jobs, a higher unemployment rate, and subdued wage inflation. Stock futures leaped as the data appeared to assuage investor concerns about...
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...
A tentative look at the FX option expiries board for the week ahead
I'll be off next week but one of the guys will fill in to cover for the FX option expiries board for each day. But just in case you want a bit more of a weekly overview, here's a tentative one. Keep in mind though that the expiries (even the ones not listed) can...
Dollar’s Weakness Persists as Fed and Investors Hope For Goldilocks NFP
Dollar continues to languish as one of the weakest performers of the week, sharing the lower rungs of performance with Yen and Swiss Franc. This dynamic comes in the wake of a robust rally in global stock markets and a pronounced pullback in treasury yields. Investors...
Sterling Shows Mixed Response to BoE; Dollar Faces Mounting Pressure
In the wake of BoE’s decision to maintain interest rates unchanged, Sterling exhibited a mixed performance, gaining against Dollar yet faltering when paired with the Euro and commodity-linked currencies. The voting pattern at the BoE leaned slightly more hawkish than...
Fed’s Aftermath Sees Stocks Ascend, Dollar and Yields Wane; Eyes on Sterling BoE Looms
Dollar experienced a pronounced dip as yields fell and stocks surged overnight, with the selling pressure continuing into Asian session. This comes even though Chair Jerome Powell left the door open for more tightening, after leaving interest rates unchanged....
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...
US 10-Year Yields Dip Following Treasury Auction Plan, Eyes on FOMC Decision
US 10-year yields is seeing a notable drop after Treasury unveiled its auction plan. In a closely monitored move, the department announced a USD 2B/month increase in 10-year bond sales. This increment was below market’s anticipated USD 3B hike. The decision appears to...
FOMC Anticipation Keeps Dollar in Check; Yen Halts Slide on Verbal Intervention
The forex markets displayed a calm demeanor during Asian session today, with traders eagerly anticipating FOMC rate decision. After experiencing a tumultuous selloff, Yen found some semblance of stability, courtesy of verbal intervention by Japan. Nonetheless, it...
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...
Yen’s Post-BoJ Selloff Intensifies; Euro Holds Strong Despite Weak Data
Yen continued to face significant pressure in early US session, remaining as the day’s weakest performer. Hopes of substantial changes from BoJ were dashed earlier as it made only a minor adjustment to the definition of yield cap. The selling sentiment intensified...
BoJ’s Language Shift Puts Yen on Defensive; Eurozone and Canadian Data Next
Japanese Yen experienced a sharp decline following BoJ’s’s (BoJ) subtle adjustment in its language regarding the yield cap. This move has failed to meet market expectations, pushing Yen back below 150 mark against Dollar. Given this backdrop, there’s potential for...
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...
Euro Gathers Steam While Improved Risk Appetite Dims Yen, Franc, and Dollar
Yen, Swiss Franc, and Dollar are weakening in early US session, with a discernible shift in European market sentiment that suggests a mild recovery. Major European stock indexes have inched upwards, and US futures market also indicates a higher opening. Despite early...
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...
Markets Quiet in Anticipation: BoJ, Fed, and BoE Coupled with Key Economic Releases
The foreign exchange markets have commenced the week on a relatively quiet note, with major currency pairs and crosses adhering closely to Friday’s trading range. Commodity currencies have shown a modest edge, while European majors appear somewhat subdued. Yen and...
Global Markets in Flux: Gold and Bitcoin Rally, Stocks Stumble, Yield and Dollar Hesitate
It was a week marked by a series of significant headlines that captured the attention of global investors. Bitcoin led the charge and surged sharply, touching 35k mark, a noteworthy move for the cryptocurrency giant. At the same time, US 10-year yield demonstrated...
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...
Quiet Asian Markets Brush Off US Stock Decline; All Eyes on US PCE Data
Markets remained relatively subdued in today’s Asian trading session with Australian Dollar and Canadian Dollar showing modest strength. The pervasive risk-off sentiment that characterized the overnight U.S. stock market selloff did not extend into Asia, as evidenced...
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...
Euro’s Soft Stance Continues Post-ECB; Strong US GDP Fails to Rouse Dollar
Euro is trading as the worst performer for the today so far, but there is no extended selloff after ECB’s decision to hold interest rates unchanged. President Christine Lagarde’s press conference reiterated that current rates should be bring inflation down to target...
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...
Dominant Dollar Awaits Crucial ECB Verdict and US GDP Insight
Dollar experienced a broad upsurge overnight, propelled by a robust rebound in benchmark treasury yields and a general mood of risk aversion. This strength continued into the Asian trading session, particularly notable in the greenback’s gains against Japanese Yen,...
Loonie Sinks Despite BoC’s Hawkish Hold, Aussie Rally Fizzles Out
Canadian Dollar encountered heavy headwinds after BoC made the anticipated decision to keep interest rates steady. The bank’s hawkish tone persisted, highlighting concerns over the sluggish pace of disinflation. However, the central bank also acknowledged emerging...
Aussie Rises on Inflation Data and Chinese Stimulus; Eyes on BoC and Gold Movements
Australian Dollar made significant gains in Asian session today following unexpectedly robust inflation figures for Q3 and September. This has caused a flurry of revised predictions from economists who now anticipate a rate hike by RBA in its next meeting in November....
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...
Euro’s Rally Halted by Disheartening PMIs; Aussie Up on RBA’s Hawkish Tone ahead of CPI
Euro’s forward drive this week faced a halt as subpar PMI readings painted a concerning picture for the Eurozone economy. The data fuels concerns that the Eurozone economy might be heading into deeper waters. At the same time, British Pound is weighed down by slowing...
Euro Rides High on Technicals, Yet Fundamental Proof Awaits
In a surprising twist, Euro experienced a significant surge overnight, powering through a short-term resistance level when matched up against Dollar. Euro in also a position to resume its long-term up trend versus Yen. he factors fuelling this surge, however, remain a...
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
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
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...
A Quiet Prelude to a Bustling Week: PMIs, BoC, ECB and US GDP Watched
Asian markets commenced the week in a muted tone, with trading activity dampened due to public holidays in New Zealand and Hong Kong. The tepid trading ambiance is expected to persist through the day, given the sparse economic calendar. However, market participants...
Geopolitical Conflicts Unravel A Week of Turmoil and its Domino Repercussions
As geopolitical tensions rise, the financial markets are inundated with heightened volatility and uncertainty. The bond market is particularly sensitive, evidenced by the 10-year Treasury yield soaring to 5% for the first time since 2007. This spike is multifaceted,...
Gaza Strife Rattles Investor Confidence; Bitcoin Surpasses 30k Mark
Global stock markets continues to face turbulence today, with Asian indices wrapping up in the negative zone, European markets showcasing bearish sentiments, and US futures indicating a subdued opening. A heightened sense of caution permeates the investment community...
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...
Geopolitical Concerns Continues to Bolster Swiss Franc; Dollar Resilient Post Fed Powell’s Commentary
Swiss Franc continues to dominate as this week’s top-performing currency, as the global financial markets are under influence of mounting geopolitical tensions. Reports suggest that Israel might be preparing for ground operations against Hamas. The country’s Defence...
US 10-yr Yield Marches Towards 5%, But Dollar Fails to Match the Tempo
The global markets today are abuzz with the rapid rise of US benchmark treasury yields. Market pundits are keeping a keen eye on 10-year yield, which, given its present momentum, is poised to touch 5% level. All eyes will also be on how traders react at this critical...
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...
Treasury Yields Surge, Country Garden Wobbles, Global Markets on Guard
Financial markets are once again immersed in a phase of risk aversion, a sentiment spurred by the notable ascent of benchmark treasury yields. US 10-year yield is confidently moving closer to the 5% mark. Even Japan’s 10-year JGB yield is hitting another decade high....
Tomorrow is historically the single-worst day for US equities of the year. Here’s why
Black Monday historical photoI would file this one under 'trivia' rather than 'tradeable' but since 1950, the single-worst day for owning stocks is October 19. The average decline over those 72 years is -0.51%, according Carson Investment Research.Why?When you look at...
Geo Tensions Lift Swiss Franc Modestly, Other Currencies Unperturbed
The tumultuous environment resulting from the Middle East tensions has prompted a noticeable upswing in Gold and Oil prices today, yet the forex markets remain relatively unaffected. Swiss Franc is currently leading the pack, its ascent likely attributed to the...
Gold and Oil Prices Rise Amidst Re-escalating Middle East Tensions
The Middle East sees a re-escalation in geopolitical tensions following a tragic strike on a Gaza hospital, leading to significant rise in both Oil and Gold prices. The effect of this development extends into Asian session. However, risk aversion is not starkly...
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....
Retail Sales Lifts Dollar Higher; Canadian Faces Headwinds After CPI
Today’s economic data releases are steering the markets, though it is uncertain how sustained their influence will be. Dollar emerges as the day’s strongest performer, buoyed by robust retail sales figures. Australian Dollar trails as the initial lift from RBA minutes...
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...
Asian Session Sees Antipodean Currency Waves, Sterling and Canadian Braced for Movement Next
The currencies from the Southern Hemisphere, Australian and New Zealand Dollars, saw notable volatility in Asian session today. Aussie is gaining traction following release of RBA minutes, highlighting a low tolerance for inflation surprises and opening the door for...
Global Markets Hesitate; AUD/NZD Might Display Some Volatility
A quiet yet tense atmosphere pervades the financial markets today, as traders’ anticipation builds, eyes keenly focused on unfolding developments in the Israel-Hamas conflicts. Such geopolitical uncertainties are casting a shadow over most major trading hubs,...
Markets Tread Carefully, Geopolitics to Overshadow Inflation and Retail Sales Data
Financial markets are holding steady yet exhibit a sense of nervous anticipation as the new week commences. The conflicts between Israel and Hamas continues to take center stage, with concerns mounting over the potential for the violence to engulf the broader region....
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...
Middle East Unrest Shakes Financial Markets; Safe Havens Gain Ground
The abrupt escalation in conflicts in the Middle East significantly influenced the global financial markets last week, causing capital influx into safe-haven assets. Amidst the military confrontations, Gold and other precious metals experienced a sharp surge in value....
Middle East Tensions Spark Safe-Haven Rush as Gold Approaches 1900
As Middle East tensions escalate again ahead of the weekend, global financial markets are exhibiting a pronounced shift towards risk aversion. The news of Israel urging all civilians in Gaza City to evacuate, in anticipation of a ground invasion following a severe...
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
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...
CPI Sparks Mild Dollar Rally, Jury’s Still Out on Sustained Momentum
Dollar is showing signs of revival in early session, in the wake of the release of CPI data, which indicated a marginally stronger headline inflation than anticipated. This uptick is further supplemented by a parallel recovery in treasury yields, lending some support...
Dollar Remains Weak Post-FOMC Minutes; Eyes on Upcoming CPI Data
Dollar continues its slide, maintaining its position as the week’s worst performer and further descending following the release of FOMC minutes. The document indicated a majority of the Committee members anticipate an additional rate hike this year, aligning with...
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...
Strong PPI and Falling Yields Leave Dollar Unfazed; Franc and Sterling Gain Momentum
Dollar is exhibiting mixed performance in today’s relatively calm trading environment. Earlier losses were swiftly counteracted, illustrating the greenback’s resilience amidst fluctuating conditions. Interestingly, the extended pullback in treasury yield has left...
Sterling Bolsters on UK Gas Price Surge; Dollar Waivers on Complex Yield Dynamics
Sterling has emerged as the predominant force in today’s currency market, a surge attributed to the dramatic escalation in UK gas prices, which have ascended to their peak since June. Concerns about potential sabotage exacerbating supply constraints are rife,...
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...
Yen Faces Pressure As Nikkei Soars, EUR/USD Eyeing Near Term Resistance
Yen is facing renewed selling pressure today as the development coincides a remarkable rebound in Nikkei and pullback in 10-year JGB yield. The notable rally in Nikkei, marking its largest single-day surge in nearly a year, is pivotal, signifying the potential of an...
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...
Yen Weakens as Momentum Fades, Japan Shifting Currency Rhetoric
Japanese Yen is trading on a softer note in Asian session as the rebound witnessed yesterday begins to lose steam. A notable comment from Japan’s Finance Minister Shunichi Suzuki raised some interest among market observers. Suzuki attributed the ongoing weakening of...
Middle East Tensions Elevate Safe Havens, But Gains in Yen and Franc Restrained
The global financial markets are responding with caution to the rising tensions in the Middle East. However, this sentiment is tempered and contained, with significant shifts and trends yet to be firmly established. European stock markets are reflecting a subdued...
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...
Week Kickstarts with Geo-Tensions, Pivots to US Inflation and UK GDP Insights
The beginning of the week is marked by heightened risk aversion and increasing geopolitical uncertainties, primarily stemming from escalating conflicts in the Middle East. The upswing in geopolitical tensions is casting a shadow, prompting a noticeable shift towards...
Genuine Confidence on the Economy or Simply a Mirage; Dollar in Search of Answers
In a week brimming with financial intricacies, the most surprising element was the remarkable bounce-back in US stocks post the release of the compelling non-farm payroll report. Conventional wisdom would suggest that such a robust report would serve to reinforce...
Greenback’s Resurgence: Stellar Job Growth Propels USD Towards Weekly Dominance
Dollar is showing impressive strength in the early US session, boosted by job growth figures that nearly doubled market predictions. While wage growth figures mildly underwhelmed, it didn’t deter traders’ enthusiasm, propelling the Dollar to potentially conclude the...
Large EUR/USD options run off after the jobs report– a look at today’s FX options
The US dollar continues to lose ground ahead of today's non-farm payrolls report. That's helped to boost EUR/USD up to 1.0558.For the 10am NY cut, there are some huge expiries today, both in the 1.0650 range and 1.0450 range.The euro options expirations aren't the...
FX option expiries for Friday, 6 October 2023, 10 am New York cut
Justin will be away today so here are the expires a little earlier than usual. EUR/USD: 1.0450 EUR2.69bn, 1.0685 EUR2.56bnUSD/JPY: 150.00 US$1.82bn, 149.00 US$825.5mn, 150.25 US$704.6mnUSD/CNY: 7.3000 US$1.57bn, 7.2000 US$804.5mnAUD/USD: 0.6400 AUD2.18bn, 0.6300...
Dollar Holds Ground Despite Pullback, Eyes NFP for Fresh Momentum
Dollar, despite retracting some of its earlier gains, remains robust, demonstrating resilience as one of the week’s frontrunners. At the same time Yen and, to a lesser extent, Swiss Franc is showing strength too, underscoring the markets’ cautious stance. Meanwhile,...
Sterling Underwhelms amid Market Consolidation; Gold Heading Lower Again
British Pound emerged as the weakest link, facing headwinds following subpar construction data. Not far behind in performance was the Canadian Dollar, which felt the pressure from the ongoing plunge in oil prices. Dollar, while still in a commanding position, appears...
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...
Yen Moves Up on Wage Hike Push by PM, Halts Well Short of Intervention Peak
Japanese Yen is registering broad gains in today’s Asian trading session, buttressed by the 10-year JGB yield which solidly remains above the 0.8% threshold. However, the yen’s advancement is notably limited, still lingering below this week’s high, which many...
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
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...
Market Mayhem: Escalating Risk Aversion Meets Yen Intervention
Dollar is finding strength amidst an atmosphere of palpable anxiety in the financial markets, stemming from a continuation of the risk-off mood from US into Asian session. This prevailing anxiety in the markets has been heightened by the pronounced drop in US stocks...
Yield Rally Propels Dollar Forward; Swiss CPI Weighs on Franc
In the spotlight today are the developments within the treasury markets. US 10-year yields have soared, reaching their highest point since 2007. This surge is largely attributed to expectations that Fed will keep high interest rates for longer, if not push them even...
Aussie Faces Headwinds Post-RBA Hold Amid Asian Market Jitters and Dollar Power
Australian Dollar is facing heavy downward pressure, emerging as the most underperforming currency this week so far. The weak under tone is maintained following RBA’s decision to hold interest rates steady. Both Aussie and Kiwi have relinquished the gains made the...
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...
Dollar Benefits from Rising Treasury Yields; Precious Metals Stumble
Dollar is experiencing a broad rise today, buoyed by an uptick in treasury yields and risk aversion sentiments. The US Congress averted potential economic turbulence by passing a stopgap funding bill over the weekend, ensuring the federal government doesn’t enter its...
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...
USD/JPY Nears 150, AUD/NZD Slides; US Data, RBA and RBNZ Eyed
USD/JPY is making notable advances today, resuming recent up trend, and edging closer to 150 psychological handle. AT the same time, Nikkei rebounds, reclaiming 32000 mark. The combined risk-on sentiment could be attributed to investors’ positive response to the...
October forex seasonals: No help for bonds but the mood tends to improve
Before we get into October, let's take a look back at how the seasonals did in September. At the end of August, I highlighted some trends in the month, including weakness in the S&P 500 and MSCI world index. Ultimately, both stuck to the seasonal script.Another...
Dollar’s Ascendancy on Market Flux Challenged by Resilient Aussie and Kiwi
As the global financial markets tread through turbulent waters marked by escalating treasury yields and declining stocks, the US Dollar emerged as a beacon of strength. A noticeable uplift in the currency was observed last week, an upward motion fuelled by the twin...
Today is almost exactly one year from the interim bottom in US equities — lessons learned
If you're a trader who only believes in seasonals then today is the day to buy stocks. There's a dip and September is finishing on a weak note. Of course it looks bad right now but that's how it always looks when sentiment is bad.As a reminder, you only need to go...
End-of-Quarter Optimism Fuels Markets Amid Eased Inflation Pressures
As the quarter nears its end, a tangible shift towards a risk-on sentiment is sweeping through the global financial markets. Supported by lower than expected inflation data from both sides of the Atlantic, investors are regaining confidence. This renewed optimism is...
Sentiment Turns at Quarter End, Eyes Set on Eurozone CPI and US PCE
The global markets experienced a noticeable shift in momentum as major US stock indexes concluded with substantial gains overnight, and treasury yields took a step back. This favorable swing persisted into Asian trading hours, marked by a remarkable rebound in Hong...
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...
Dollar Turning Into Consolidation, US Yields Outshone by Europeans
Dollar is experiencing a broad retreat today, reflecting a phase of consolidation after its notable advancements in the recent days. Market participants are seemingly recalibrating their positions, with the closure of the month in sight and in anticipation of pivotal...
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’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...
Dollar Rises Further after Durable Goods Orders, Aussie Falters on Evergrande Crisis
Dollar rally shows no signs of stopping in early US session, and the greenback it buoyed slightly by stronger than expected data on durable goods orders. Yet, looming in the background is the potential for the fourth US government shutdown in the last ten years, a...
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
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...
The S&P 500 has followed the seasonal patterns so far in 2023, so what about Q4?
We're closing out September with poor returns for equity markets. That shouldn't have been a big surprise if you follow the seasonals I posted in late August.In general, seasonals are more valuable than they're given credit for. They really shouldn't work in an...
Dollar Losing Some Momentum Amidst Government Shutdown Concerns
Dollar, although retaining its strength, is witnessing mild deceleration in upside momentum as US session starts. The spotlight now shines on any potential progress within the US Congress to prevent a partial government shutdown looming this Sunday. While the notion...
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...
Surging Treasury Yields Propel Dollar to 10-month High, EUR/USD Breaks Key Support
Dollar is being the standout performer this week, bolstered significantly by surging US treasury yields. Dollar index, which gauges the greenback against a basket of six major currencies, reached a high not seen since the previous November, breaking 106 mark....
Swiss Franc Weakens Amid Rising European Yields; Dollar’s Momentum Uncertain
Swiss Franc weakens broadly today, influenced predominantly by rally in benchmark European yields. Specifically, Germany 10-year yield breached 2.8% mark, reaching an 11-year peak. Euro managed to bounce back against the Australian and New Zealand dollars, which were...
FX option expiries for 25 September at the 10am New York cut
EUR/USD 1.0725 in the amount of EU919.5mn, 1.0540 in the amount of EU695mnUSD/JPY 149.00 in the amount of $643mn,147.00 in the amount of $1.24bn GBP/USD 1.2275 in the amount of GBP545mn, 1.2336 in the amount of GBP385mnAUD/USD 0.6485 in the amount of AUD340.6mn,0.6400...
Aussie Dips as Evergrande Concerns Resurface; More Global Inflation Data Ahead
Asian stock markets commenced the week with divergent performances. While Japan’s Nikkei showed resilience, bouncing back after enduring its most challenging week this year, Hong Kong’s stocks weren’t as fortunate. The uncertainty surrounding China Evergrande Group’s...
Dollar’s Conundrum: Bullish Factors Met with Lackluster Gains
Despite a confluence of favorable conditions that are typically Dollar bullish — a decidedly hawkish Federal Reserve, plummeting stocks, and soaring yields — the greenback’s response was unexpectedly tepid last week. While it managed to gain ground against European...
Euro and Pound Feel PMI Squeeze, While Yen’s Descent Continues
Yen languishes as the day’s worst performer, with sentiments taking a hit due to BoJ’s silence on potential policy tweaks. European majors aren’t faring much better, as subpar PMI data from both Eurozone and UK echo the sentiment that further tightening might not be...
Yen Down on Silent BoJ; DOW Stares at Key Support in Week’s Finale
In a move that left many market observers bemused, Yen declined in Asian trading session after BoJ opted for continuity, leaving its monetary policy untouched. Notably, the bank refrained from dropping any hints about potential alterations in its policy stance in the...
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...
Sterling and Franc Stumble on BoE and SNB; Yen Rises ahead BoJ
The currency markets faced significant shifts today, notably with Sterling and Swiss Franc, which are enduring considerable selloffs. Both BoE and SNB opted to maintain their current interest rates, prompting speculation that these institutions might have peaked in...
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
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
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...
Sterling Takes a Hard Hit Following CPI; FOMC Dot Plot Awaited
Sterling finds itself under tremendous selling pressure following release of lower-than-anticipated headline and core CPI readings from the UK. This development is seen as a favorable turn of events for BoE policymakers, solidifying the anticipation that the rate hike...
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...
Canadian Dollar Rides High on Inflation Data, Dollar and Euro Struggle
Canadian Dollar’s rally gathers additional momentum during early US session, buoyed by data that depicted faster re-acceleration in Canadian inflation than anticipated. It is noteworthy that the surge in headline inflation figure was chiefly influenced by escalating...
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 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...
Markets Steady as Traders Await Insights from RBA’s Meeting Minutes
In today’s rather subdued trading sessions, most of the movements in the financial markets are limited. European indexes are somewhat in red, albeit with contained losses for the time being. Meanwhile, yields in US and Europe have experienced a minor increase. In the...
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...
Gold Pressing Near Term Resistance, Central Bank Meetings and Key Data Awaited
Today’s Asian financial markets have shown signs of calmness, partly due to holiday in Japan that has likely tempered trading activities. Dollar and Euro were mildly softer, while Aussie, Kiwi, and Yen exhibited slight strength. However, the fluctuations were confined...
Rising Commodity Currencies, Mixed Dollar Fortunes, Crucial Decisions Looming on the Horizon
Commodity currencies were the biggest winners last week as the global tightening cycle draw closer to a prolonged pause. There was some optimism that China’s economy is moving past the worst with improving economic data. The change in sentiment also lift oil prices,...
Yen Hits Year Low on Yields, Euro Shows Signs of Stabilization
Japanese Yen registered notable slump today, recording a new low for the year against Dollar, a move driven largely by ascending benchmark yields in the US and European markets. Meanwhile, sentiment in risk markets appears to be on the upswing, partly propelled by...
Europeans Lag as Commodity Currencies Ride the Wave of Optimism
Australian Dollar advanced during Asian session, bolstered by stronger than anticipated data emanating from China and the injection of CNY 191B of fresh liquidity into the banking system by PBoC. The injection, which involved CNY 34B through 14-day reverse repos at a...
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...
Euro Stumbles on Dovish ECB Hike, Dollar Rides on Strong Data
In a twist of events today, Euro takes a considerable hit following ECB’s dovish rate hike which communicated a possibly peak in the tightening cycle. The downgrading of core CPI and GDP growth forecasts for the coming years – 2024 and 2025 – further aggravates the...
Markets Juggle Mixed Signals as AUD Rises and ECB Decision Looms
Australian Dollar rises broadly today, as lifted by stronger than expected headline employment data. But the details are less impressive, as the vast majority of job growth were part-time, while hours worked decline. That’s nonetheless welcome news for RBA, as the job...
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...
Dollar Indecisive after CPI, Sterling Down But Not Out after Poor GDP
Dollar attempts to rally in early US session after modestly stronger than expected US consumer inflation data. But there is no clear follow through buying. Headline CPI’s bounce back to a 14-month high was slightly above expectations. Meanwhile, core CPI’s monthly...
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...
Euro Resonates on ECB Whispers; Markets Await US and UK Key Releases
Euro experienced a bounce amidst whispers that ECB forthcoming inflation projections might support an imminent rate hike on Thursday. Nevertheless, this uptick was moderate, as the revelations originated from an anonymous source. Simultaneously, investors worldwide...
Euro and Sterling Falter Amid Dismal Data; Dollar Finds Buyers, Gold Tumbles
Euro and Sterling stumbled today as they responded to less than impressive economic indicators. Despite a slight uplift in German economic sentiment, the broader picture reflected deteriorating current situation, adding pressure on the common currency. Concurrently,...
Sterling and Euro in Focus: Markets Await UK Employment and Germany ZEW
In Asian trading session today, the forex markets remained steady with no significant movements outside of yesterday’s range among major pairs and crosses. Sterling stood slightly firmer, holding much anticipation for the forthcoming UK employment data, notably the...
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...
Euro Softens Slightly on Growth Downgrade, Yen Rally Short-Lived
Trading in the European session has been relatively muted, with the primary contributor to the quietness being a notably thin economic calendar. Euro experienced a mild dip following European Commission’s downgrade of growth projections for Eurozone for the current...
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...
Yen Rebounds on BoJ Ueda’s Hawkish Remarks; US CPI and ECB to Highlight the Week
Yen displayed impressive strength in Asian session, following hawkish remarks from BoJ Governor Kazuo Ueda over the weekend. Speculation is rife that the central bank is laying down preparations to exit negative rates early next year, with sustained wage growth being...
Dollar Index Nearing Key Resistance Zone ahead of an Important Fortnight
In a week characterized by significant currency movements, Dollar asserted its dominance, closing as the top performer and pushing the Dollar Index tantalizingly close to a pivotal medium-term resistance zone. The upcoming fortnight will be instrumental in assessing...
Canadian Dollar Rises on Robust Job Data; Dollar and Yen Lose Ground
Canadian Dollar is having a notable uplift in early US session, propelled by stronger than expected employment data that underscores a persistently robust and tight labor market scenario in the country. The revelations from the data could potentially pose hurdles in...
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...
Dollar Rally Pauses, Yuan Slides to Year’s Low in Subdued Markets
Asian market trading is subdued today, with Dollar retreating as its recent rally began to lose steam. Notably, overnight remarks from Fed officials didn’t provide any fresh cues, reinforcing expectations of a pause in rate hike this month. However, the door remains...
Sterling in Distress Following BoE Survey, Euro and Franc also Soften
Sterling is under pronounced pressure in forex markets, trailing as the day’s worst performer. This wave of selloff initiated yesterday following BoE Governor Andrew Bailey’s articulation to the parliament, hinting that UK is “much nearer” to hitting the terminal...
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...
Mild Risk-Off Sentiment, Dollar Dominates With Some Hesitation
Asian markets showcased a mild risk-off tone today, in the wake of lower closes in US markets overnight. However, the forex arena remains comparatively tranquil with major currency pairs and crosses largely confined within the previous day’s trading range. Lingering...
Dollar Strengthens on Strong ISM Services; Canadian Dollar Steady After BoC Hold
Dollar is enjoying another rally, further solidifying its position as the strongest currency for the week so far, following an upbeat ISM Services report that well exceeded market expectations. The data affirms services sector’s dominant role in driving US economy....
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...
Dollar Rally Looks at ISM Services for Fresh Catalyst, Canadian Awaits BoC Hold
Forex markets have found a moment of stability in today’s Asian trading session, with Dollar taking a breather as it looks for fresh catalysts to continue this week’s rally. All eyes are now on the upcoming ISM Services data, which could prove pivotal for Dollar’s...
Dollar’s Dominant Rally Highlights Resilient US Economy as Global Growth Wanes
Dollar is making a powerful rally today, breaking through near-term resistance levels against all its major counterparts. This surge is anchored by recent economic data, which paints a picture of a US economy that is cooling but not cracking. This robustness stands in...
Dollar Stays Resilient after Volatile Week, Euro Falters as Worst Performer
In a week marked by high volatility, Dollar proved resilient, closing within its established range against other major currencies after intra-week selloff. This performance quells, at least for now, fears of bearish reversal for the greenback. Indeed, sentiment has...
Yen and Dollar Weaken as China’s Property Sector News Lifts Sentiment
Japanese Yen and Dollar are experiencing broad declines today, as rebound in Chinese and Hong Kong stocks that buoyed overall market sentiment. The mood lifted on news that Country Garden, a troubled Chinese property giant, has secured an extension for a critical debt...
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...
RBA Rate Hold and Subpar China PMI Services Weigh Down Aussie Dollar
Australian Dollar finds itself on shaky ground today, trading lower due to lackluster investor sentiment, and stays soft after RBA’s decision to keep interest rates unchanged, a move that was widely anticipated. New Zealand Dollar is tracking its Australian...
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
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
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 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 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
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 Stabilizes Amid Lull in Asia; Eurozone CPI and US PCE in Focus
Markets took a breather in today’s Asian trading session after Dollar experienced a significant selloff overnight. For now, the greenback seems to have found some footing, as market participants shift their focus to the release of high-impact data—Eurozone’s CPI flash...
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
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’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
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
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...
Euro Underperforms Amid Weak German Consumer Sentiment; Gold Gains Momentum
Euro is trading lower across the board today, additionally dragged down by weaker-than-expected consumer sentiment data out of Germany. This latest indicator has added fuel to concerns that Eurozone’s largest economy may become a drag on the broader region,...
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
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....
Stocks Surge on China’s Investor “Friendly” Measures; Markets Brace for Important Data This Week
Asian equities witnessed an upswing today, buoyed by China’s announcement of several initiatives aimed at enticing investors back into the market. Among these measures, the decision to trim the stamp duty on stock transactions and a more gradual roll-out of initial...
Dollar Stands Tall, Euro and Sterling Down on Recession Worries
Dollar clinched the title of the week’s best performing currency, even though there was just muted impact from Fed Chair Jerome Powell’s remarks at Jackson Hole. While Powell’s renewed commitment to combating inflation prompted traders to elevate their expectations...
Market Treads Cautiously Ahead of Powell and Lagarde’s Speeches
As the financial world gears up for the much-anticipated remarks from Fed Chair Jerome Powell and ECB President Christine Lagarde, market participants are treading with caution. Dollar has started to retreat, shedding some of its recent impressive gains....
Dollar Soars Amidst Market Jitters; Fed Powell and ECB Lagarde Remarks to Shape Market Outlook
A shift in market sentiment rattled investors as the optimism spurred by Nvidia was short-lived. DOW experienced its most severe daily slump since March overnight, while S&P 500 and NASDAQ posted their largest one-day drops since early August. This change in...
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 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...
Forex Markets Await Jackson Hole Cues; Dollar’s Position Remains Uncertain
The foreign exchange are mostly stable today, with major currency pairs and crosses staying confined within the boundaries set yesterday. Both Sterling and Euro have had a lackluster week, emerging as the weakest performers. US Dollar, while subdued, still fares...
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...
Sterling Advances on Strong GDP Data; Swiss Franc Awaits Crucial Breakout
British Pound is showing notable strength in early European session today, buoyed by more robust than anticipated monthly and quarterly GDP figures. While the quarterly GDP has not yet bounced back to its pre-pandemic stature, the positive numbers come as a boon to...
PMI Woes Shoot Euro and Sterling Down; Yen and Dollar Seize the Opportunity
Sterling and Euro faced a sharp drop today after alarming PMI readings unveiled an unanticipated rapid decline in the service sectors of both the UK and Eurozone. The days of service-driven economic growth seem to be in the rearview mirror, with signs indicating...
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 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
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,...
Dollar’s Commanding Surge Amid China’s Property and Financial Tremors
Dollar surges broadly today, breaking through near term support against Euro, 145 handle against Yen, as well as near high of the year against Chinese Yuan. Worries over China’s property, as well as finance sector are weighing heavily down on sentiment. But Swiss...
Dollar Rally Wavers, Sentiment Steady as China Rate Cut Offsets Discouraging Data
Dollar’s spirited rally attempt faced a swift halt as major US stock indices recorded gains, positively influencing broader market sentiment. Following that, Asian markets are poised, with China’s unexpected rate cut effectively counterbalancing the dampening effects...
Sterling Jumps on Record Wages Growth, Gold Approaches Key Support
European major currencies are making a notable stride today, with Sterling at the forefront. The Pound ascent is attributed to the historic high recorded in UK regular wage growth. This surge adds further weight to BoE dilemma, pushing it to seriously consider...
Sterling a Touch Higher after UK CPI, Dollar Stays Resilient
In the wake of UK CPI data, Sterling slightly higher, but lacks clear buying momentum. As BoE had anticipated, headline inflation demonstrated pronounced deceleration. Concurrently, the evident surge in services inflation dovetails seamlessly with the week’s...
Dollar Gears Up as Eyes Turn to FOMC Minutes; Sterling Staying Firm
In early US trading sessions, Dollar is showing signs of regaining momentum as market participants eagerly anticipate the release of FOMC minutes from July 25-26 meeting, where a 25bps hike was delivered. Recent comments from Fed officials suggest an increasing...
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
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...
Australian Dollar Dives After Poor Employment Data and Risk Off Sentiment
Australian Dollar faced a discernible decline during today’s Asian trading session, continuing its broad-based selloff throughout the week. The catalyst behind Aussie’s downturn can be traced back to the underwhelming employment figures released from Australia....
Dollar Retreats, Sterling Continues Dominance, Bitcoin Down
Dollar relinquished its early gains, entering US session as the day’s softest currency. Even as US benchmark 10-year yields skyrocketed to touch 4.3% mark, they found themselves lagging behind their German and UK counterparts. On the flip side, Australian Dollar is...
Dollar Struggling to Gain Momentum Despite Global Market Shakeup
In the face of mounting tumult across stocks, bonds, and the crypto realm, the currency market projects an island of relative calm. Despite the extended rout in equities and treasuries and the dramatic tumble in Bitcoin, the forex market has responded with comparative...
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...
A Stormy Week With Selloff in Bonds, Stocks, Bitcoin and China
Last week, the financial world navigated a storm of uncertainty and volatility. From skyrocketing treasury yields to the extended declines in equities, from the downward spiral of Chinese stock market to the tumultuous Yuan exchange rate, and not forgetting the...
Markets Treading Cautiously, as PMIs and Jackson Hole Awaited
As a fresh week unfolds, global markets seem to tread cautiously, keeping a close watch on the recent undertakings in Asian economies. PBoC’s modest rate cut decision has catalyzed a minor pullback in stocks across China and Hong Kong. In contrast, Japan’s Nikkei...
Yen Faces Pressure Again Amid Rising Benchmark Yields in Europe and US
Japanese Yen is feeling the heat once again, buckling under the surge in major European and US benchmark yields. Notably, yield on Japan’s 10-year JGB did jump, closing 0.655 today. However, this level has acted as a formidable ceiling for a while, even in the wake of...
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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...