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Tag: EUR/USD Technical Analysis

Next week’s spotlight falls on the USD and the RMB complex.

Well, that was dramatic, but some significant levels on equity markets held on a closing basis, while the DXY rallied into the close. But in the end, it was all about cleaning the slate while living to fight another day. Next week spotlight falls on the USD and the RMB complex, and following the likely […]

Asia market update

Oil update After hitting a massive speedbump over the past 48 hours or so, Oil investors are dipping their toes back into the no less certain waters as risk has tentatively stabilised. But prices remain very firm even after DOE reported a larger-than-expected build suggesting a bit of discount in the numbers as refinery maintenance […]

Asia Market Update :Worst case scenarios abound

Local traders remain the huge sellers of risk but are now pricing in worst case scenarios  *Japan Securities Clearing Corporation (JSCC): Emergency margin call triggered for Index Futures trading *South Korea closely monitoring markets Oil Update Brent crude continues moving sharply lower on today triggered by the deeper sell-off on global equities on concerns rising […]

Noisy Markets

Noisy Markets The headline noise has been deafening and showing few signs of abating. In Asia focus will be squarely on equity sentiment even more with the Yuan under pressure as US/China tensions are set to escalate this week. US Secretary of State Michael Pompeo cited “fundamental disagreement” with China’s foreign minister after meetings, while […]

A tempest in a cappuccino cup or mama mia, here we go again?

A tempest in a cappuccino cup or mama mia, here we go again? The Italian headlines didn’t precisely toggle  the “risk on”  sentiment switch The markets realize anything can happen in the next six weeks notwithstanding the fact 2 % is still a monster of a deficit and two years is an eternity when it […]

USD is still very data-dependent , so it will be tricky to trade

For any follow-up, I’m contactable  on Reuters Messenger, via the BBG terminal or my mobile numbers USD is still very data-dependent, so it will be tricky to trade US Rates  The markets are pricing in a higher probability of the terminal rate over 3.5%, signalling a convincingly hawkish view from last week FOMC. Chair Powell’s […]

Headline overload

US Markets Another case of headline overload overnight. US markets closed lower overnight due to some factors including, trade war phase 2, more political turmoil ahead of US midterm after reports surface ahead Attorney General Rod Rosenstein was resigning from his post and of course equity investors taking bets off the table ahead of any […]

Super Thursday, indeed

Super Thursday, indeed Super Thursday for some but a Topsy-Turvy one for others. Of course, much of that had to do with what side of the US dollar coin you were on. Hope springs eternal for emerging markets anytime the US dollar weakens and yesterday was no exception. As indeed the stars aligned for emerging […]

Gold shines as the dollar fades

– Gold prices on Thursday held steady near a more than one-week high hit in the previous session, with hopes for a new round of U.S.-China trade talks weighing on the dollar. Gold prices have fallen nearly 12 percent since a peak in April amid intensifying global trade tensions and under pressure from rising U.S. […]

Wall of worry builds around the US tech sector 

Wall of worry builds around the tech sector  US equity markets continue to absorb Facebook’s swoon which is weighing down FAANG’s ahead of Apple earnings announcement on Tuesday. Indeed the markets heavyweight champions are having a rough day, but US markets pruned much of their losses as bank stocks and surging oil prices boosted producers. […]