FX monthly trade
Gold eyes record highs as traditional headwinds mysteriously subside
It’s hard not to like gold in an environment of heightened geopolitical tension, soaring government budget deficits and elevated mining costs.
USD/JPY stalls near 150, can EUR/JPY or GBP/JPY breakout?
USD/JPY has been a particularly tricky pair to trade with its small daily ranges beneath a big resistance level. But with key economic data from the US, a Powell speech and next week's BOJ meeting in the pipeline, it can't stay trapped there for ever. Besides, forex trading can be like a fine wine, as a currency needs to be paired wisely to heighten its trading potential. And that has placed EUR/JPY and GBP/JPY into focus for potential setups.
AUD/USD, EUR/AUD: Elevated China pessimism becomes Aussie dollar bullish
AUD/USD has been given every opportunity to continue spiraling lower recently and hasn’t. Perhaps there's a message in that?
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EUR/USD suffers its worst weekly run in 26 years ahead of FOMC
EUR/USD fell for 9th week by Friday's close, its worst weekly run since 1997. Yet whilst that could mean it is 'owed' a bounce, history suggests such bearish runs are later accompanied by further losses, as macro themes can trump technicals during such times. And that places this week's FOMC meeting into focus, where we discuss the likelihood that it might be more dovish than markets currently are pricing in.
AUD/USD finds itself at a technical juncture ahead of Jackson Hole
The Jackson Hole symposium, an annual economic policy conference sponsored by the Federal Reserve Bank of Kansas City, has arrived. And Jerome Powell's speech will be the highlight. We look at what impact it could have on AUD/USD.
GBP/USD outlook: US inflation and BOE meeting to drive the pound
US inflation and Thursday's BOE meeting are key events for GBP/USD traders to keep an eye on, ahead of the UK's data dump on Friday.
EUR/USD outlook: Euro nears YTD high after US CPI and FOMC minutes
The US dollar was the weakest major on Wednesday, allowing EUR/USD to close in on its YTD high. But can it break such a milestone upon its first retest?
What to do when there is carnage on the currency floor?
With volatility and headline risk remaining high, we take a look at some of the key drivers and how to approach the currency market under such conditions.
The Aussie dollar gets stunned as unemployment hits an 8-month high
December’s employment report raised a few eyebrows, as it was the first in a while to miss expectations and prompted us to question whether cracks were appearing in the economy. January’s report suggests there are.
Traders hedge the Nasdaq’s rally during a typically volatile month
We noted that futures traders are increasingly net-short the Nasdaq, and that February has been the most volatile months for the index over the past five years.
Is the USD/JPY bearish move becoming ‘long’ in the tooth?
Shorting USD/JPY is not a new idea, and as the pair has erased around half of its 21-month rally, we see the potential for a bounce over the coming weeks.
EURUSD set to pop as headwinds ease
Last week the ECB hiked rates by 75bp, taking the deposit rate to 0.75%.
How to position for further gains in the AUDUSD
The AUDUSD screamed 3% higher last week to close at a nine-week high after U.S inflation surprised to the downside, boosting equities and risk-sensitive currency pairs, including the AUDUSD.
Dovish BoJ to see USDJPY gain to 141
A sea of green across regional equity markets to start the new week as better than expected U.S corporate earnings and economic data released on Friday eased concerns over economic slowdown risks.
How the EURUSD last week put in place a tradable low
The main job for traders this week will be to continue to digest the implications of last week’s historic moves by key central banks.
How to capture the next leg higher in USDJPY
Last week USDJPY locked in an almost 3% gain, closing back above 130 for the first time since early May.
China's slowdown intensifies. We buy the dip in USDCNY
At the recent FOMC meeting, Chair Powell signalled that follow up 50bp rate hikes were likely at the June and July meetings. This means we are now just four weeks away from the Fed’s next 50 bp hike and two weeks away from the start of QT.
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Futures traders load up on AUD longs (despite falling prices)
With prices falling whilst futures traders increase their bullish exposure to the Australian dollar, we’re keen to see if it can hold above 0.73 and form a countertrend bounce.
AUSDUSD suppressed but for how much longer?
The Russian invasion of Ukraine has sent shockwaves through global commodity markets. However, it's not only been metals and energy markets where extreme stress has been evident.
How to position for building EURUSD downside risks
In late January, the inflation rate in the Euro Area rose to 5.1% y/Y, higher than the 4.4% expected and much higher than the ECB’s most recent staff forecasts of 3.2%.
Why the recovery in the AUDUSD can continue
It's been a volatile start to 2022 for the AUDUSD, beating a hasty retreat after popping briefly above .7300c early last week following November's bumper retail sales data.
Why the AUDUSD has bottomed and how to trade the next leg higher
This week we return to the FX space for our Weekly Trade Idea to focus on the AUDUSD. The AUDUSD was the subject of our last FX Trade idea in mid-November, which narrowly missed our sell zone before falling 400 pips!!!
Why the bounce in the AUDUSD is viewed as a shorting opportunity
Last week the highest U.S. inflation rate in 30 years and an underwhelming Australian labour force report conspired to send the AUDUSD to a low of .7276c, 3 ½ percent below its .7555 high from just 3 weeks ago.