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The dollar looks to finally broke through key levels this week and all there's left is for Powell not to muck it all up later today.EUR/USD breaks below 1.0800 and 100-day moving average of 1.0806USD/JPY breaks above 138.00 and resistance region of 137.77-91 to highs...

The thinking here is to swap the yuan for dollars in the forwards market to manage the fall in the domestic currency itself. This is done via mopping up dollar liquidity from the swap market, thus reducing readiness of dollar sales against the yuan. This is part of...

Now, that pricing has moved up to roughly 32% odds especially after the more hawkish headlines from yesterday. A look at the Fed funds futures curve also shows that traders have pared back their expectations on rate cuts. Previously, they saw three rate cuts by...

There are a couple of interesting themes developing this week across markets and they're not really in sync. For one, the dollar is breaking out alongside higher yields but at the same time, we are seeing stocks rally courtesy of a breakout in tech.It's not your...

Once again, it was a day where the dollar rose despite equities rallying late as higher bond yields continue to underpin the currency. And it was definitely helped out by headlines like these:That resulted in another further shift in Fed rates pricing, with traders...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Japanese inflation data was the focus for the day. April CPI came in higher than March in another acceleration. The Bank of Japan insist inflation is expected to fall from around October. Note the ‘transitory’ inflation argument has not worked out well at all for...

Barclays on Japan’s “digital deficit,” i.e. payments to overseas technology companies like Netflix and Amazon. Analysts say its become large relative to trade and travel in the country’s current-account balance and its continued expansion will pressure the yenreached...

Bloomberg (gated) with the info that China's Ministry of Finance proposes moving its stakes in 3 firms managing bad debts:China Cinda Asset Management Co., China Great Wall Asset Management Co. and China Orient Asset Management Coto Central Huijin Investment. The...