FX Monthly Trade
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.
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.
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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.
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