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Tag: GBP/USD technical analysis

When the going gets tough, the tough get going

When the going gets tough, the tough get going U.S. stocks are trading off their intraday highs late in the NY session weighed down by financials profit-taking ahead of the deluge of bank earnings reports on Friday, robust US economic data had temporarily overshadowed fears over global trade disputes. That was until a late NY […]

Big Trouble in Big China ?

Big Trouble in Big China? A very typical July 4th with a whole lot of nothing going on due to the US holiday and prices virtually stopped dead in their track once NY took over the trading books from London. But this sense of calm belies the nervous undercurrent of unease as traders continue to […]

Not out of the weeds yet

Not out of the weeds yet After yet another Monday morning equity meltdown in Asia and an equally poor showing across global equity markets. President Trump’s lieutenants Mnuchin & Navarro issued an unequivocal denial the  US is considering investment restriction on China.  US equity markets have subsequently bounced off session lows were the S&P was […]

Risk barometer in the red (OANDA Podcast)

Stephen Innes, Head of Trading in the Asia Pacific, OANDA, Singapore Stephen analyzes how Recep Tayyip Erdogan’s triumph in the Turkish presidential elections could affect the lira, and how OPEC’s latest production deal could impact the ringgit. BFM Radio Kuala Lumpur

World Cup effect weighing on volumes

World Cup effect weighing on volumes Volumes are running low confirming the World Cup effect, but the lack of any substantial data has also contributed to the downturn in volume. Equity Market Risk off sentiment continues to dog equity markets as heightened trade tension between China and the US have investors yet again bracing for […]

Back to the drawing board 

Back to the drawing board  Despite a hawkish  Fed hike last night the USD failed to rally. Without reading too much into the usual FOMC exercise in verbal gymnastics. The USD dollar couldn’t find a grip above near-term resistance after  US 10 year Treasuries could not break above 3 % when Chair  Powell reminded markets […]

It’s showtime !

Enough with the speculation and all the teasers, it’s showtime!chil Not surprisingly it was a quiet session overnight despite the abundance of commentary and conjecture for today’s Trump-Kim Summit. FX interbank tapes indicated a staggering -45 % drop in electronic volumes as traders thought best to sit on their hands ahead of this week’s significant […]

US equity markets defy gravity.

US equity markets defy gravity. Equity Markets US equity markets continue to defy gravity and extending the recent winning streak to four straight sessions. It was all about the financials as a series of coordinated hawkish comments from ECB members,  that the end of QE will be top of the to-do list with some suggesting […]

Dangerous Brinkmanship

Dangerous Brinkmanship Another in the expanding history list of topsy-turvy Thursdays’ when it comes to risk as the President Gave, and the President Hath Taken Away only to leave the door open again when it comes to North Korea discussions. The increasing headline chatter around the North Korea summit finally culminated with President Trump cancelling […]