Bank of America analyzes FX flows and positioning at the end of Q3, highlighting a neutral stance on the USD while investors favored long positions in AUD and maintained shorts in CAD, CHF, and SEK.Key Points:Market Positioning:At the end of Q3, the market was neutral...
Bitcoin slumps below $60,000 as the SEC takes aim again
The SEC has the cryptocurrency market in its crosshairs once again. Crypto.com received a Wells Notice from the US regulator then hit back with a lawsuit in order to defend itself. The SEC intends to sue the digital-asset exchange for allegedly operating as an...
Oil climbs $3 with eyes on the Middle East and China
Brent daily chartChinese markets improved today after Beijing's finance minister teased a Saturday briefing on potential economic measures. That's helped to boost global growth trades including oil but if you look around markets, the other things correlated to growth...
Implied odds of a Fed pause in November rise to 22% after Bostic. Euro hits two-month low
The US dollar jumped after Atlanta Fed President Raphael Bostic signalled openness to pausing in November if the data supports it.“I am totally comfortable with skipping a meeting if the data suggests that’s appropriate," he told the WSJ.With that, the implied odds of...
US treasury auctions off $22 billion of 30 year bonds at a high yield of 4.389%
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,...
US treasury to auction off $22 billion of 30 year bonds at the top of the hour
The US treasury will auction off $22 billion of 30 year bonds at the top of the hour. The 6-month averages of the major components shows:Tail 0.9 basis pointsBid to Cover 2 38XDirects (domestic buyers) 18.4%Indirect (international buyers): 65.4%Dealers: 16.2%At the...
WSJ Timiraos: Fed’s Bositc Open to pausing rate cut at the November meeting
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,...
More SNB Vice Chair Martin: No plans to use negative interest rates at the moment
More from SNB Martin: No plans to use negative interest rates at the momentThere are imaginable scenarios where we could take rates negative, but this is not a situation being considered at presentThe SNB does not have a balance sheet objective by itselfThe USDCHF...
French budget watchdog says government 2025 growth forecast is too high at 1.1%
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,...
More from the Fed’s Williams: Markets have absorbed policy shifts well
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,...
SNB’s Martin: Anticipation for inflation in Switzerland has come down quite a bit
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,...
If confused about the price action today, watch this video on the NZDUSD.
If you are confused about the price action, you are not alone. However, technicals often tell the story of the price action, and if you can think of the price action as the dilemma buyers and sellers are facing, that story becomes more clear. IN the NZDUSD, we know...
European equity close: Mostly softer
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,...
Fed’s Williams: Expects that the economy will allow the Fed to cut further
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,...
Pound falls with the UK floating a capital gains hike
GBPUSD dailyThe pound is down a third of a cent today as the US dollar broadly strengthens following a hotter CPI report. The pair is trading at 1.3038.The pound is also slightly underperforming the euro and part of that might be a new report in The Guardian that says...
EURUSD moves back below 100 day MA and buyers turn to sellers
EURUSD moves back to the downside Below the 100 day MAThe EURUSD moved lower and higher after the US data today, but the run to the upside ran out of steam near a key swing area between 1.09419 and 1.0949. The inability to get above that area started the move back to...
Fed’s Barkin: Inflation is headed in the right direction
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,...
USDCAD trend move higher continues. Pair is up near 300 pips in a week. What next?
The USDCAD has been running higher over the last week with the pair raising up near 300 pips in one week of trading. That's a big move in a short period of time as the market trends to the upside. For a fundamental view of the price action, see Adam's post here....
Fed’s Goolsbee: Inflation came in around expectations, improvement on housing
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,...
The Canadian dollar continues to get battered
It's feast or famine for the Canadian dollar. It's on a seven-day losing streak at the moment, running to 1.3750 from 1.3480 in that time. Incredibly, the seven-day losing streak is only the worst since July, when it sold for nine straight days, though the magnitude...