The North American session is beginning with the USD relatively steady. The EURUSD, GBPUSD, USDCHF, USDCAD, and NZDUSD are all within 0.10% of the closing levels from yesterday. The biggest mover is the USDJPY with a change of 0.21%.US CPI will be released at the...
What happens to the bonds?
There are no guaranteed trades in investing. Even “secure” strategies such as Straddles/Strangles, which involve buying a call and a put option on the same stock, can result in losses.The same is true for events. For example, many expected Treasury yields to fall once...
ForexLive European FX news wrap: Dollar momentum stalls ahead of US CPI report
Headlines:Markets:EUR leads, JPY lags on the dayEuropean equities mixed; S&P 500 futures down 0.2%US 10-year yields down 2.3 bps to 4.409%Gold up 0.5% to $2,611.43WTI crude up 0.3% to $68.31Bitcoin down 0.7% to $87,702It was a quiet session as the post-election...
US MBA mortgage applications w.e. 8 November +0.5% vs -10.8% prior
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,...
Dollar keeps steadier ahead of US CPI report
The picture in the major currencies space is not much changed at all from over five hours ago here. There have been some light extension of the ranges but overall, it's more or less where we left off at the end of Asia trading. The dollar continues to stay more poised...
USDCAD Technical Analysis – We are challenging the 2-year high
Fundamental OverviewThe puzzling weakness in the US Dollar following Trump’s victory looks more and more like it was just a “sell the fact” reaction. The greenback is now back in the driving seat, and we might have also seen some pre-positioning in the past couple of...
BOE’s Mann: I describe myself as an ‘activist’ rather than a ‘gradualist’ on rates
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,...
Japan government reportedly mulls continuing electricity, gas price subsidies next year
For some context, these subsidies did come to an end in May but were reinstated in August through to October to cope with the warmer weather. Subsequently, they were continued until this year-end but the funds had to be drawn from reserves in the budget for the fiscal...
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USDCHF Technical Analysis – A look at the chart ahead of the US CPI
Fundamental OverviewThe puzzling weakness in the US Dollar following Trump’s victory looks more and more like it was just a “sell the fact” reaction. The greenback is now back in the driving seat, and we might have also seen some pre-positioning in the past couple of...
BOE’s Mann: Inflation has definitely not been vanquished
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,...
ECB’s Nagel: Core inflation rate is still quite high
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,...
EURUSD Technical Analysis – The price is at a key level ahead of the US CPI
Fundamental OverviewThe puzzling weakness in the US Dollar following Trump’s victory looks more and more like it was just a “sell the fact” reaction. The greenback is now back in the driving seat, and we might have also seen some pre-positioning in the past couple of...
German economy ministry says US election result presents renewed uncertainty
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,...
Gold Technical Analysis – It’s a make it or break it moment for gold
Fundamental OverviewGold is now down almost 6% from the US election day. That shouldn’t be surprising as the last time we got a red sweep gold dropped by more than 16%.The reason is that a red sweep brings a more expansionary fiscal policy and should be not only...
European equities hold slightly lower to start the day
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ECB’s Villeroy says to expect more rate cuts
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,...
It’s a bare economic calendar for the session ahead
European trading will be a bit of a snoozer as such with a lack of headlines. But perhaps we might get some interesting market moves to talk about in the run up to the US CPI report. USD/JPY is now inching just above 155.00 for the first time since end July while...
FX lightly changed for now ahead of European trading
The dollar continues to sit in a good spot this week, holding gains ahead of the main event later today. It's all about the US CPI report and markets are likely to remain more tentative up until then. As for the bigger picture, the post-election sentiment continues to...
US inflation in focus for the day ahead
Broader markets are still largely clinging on to the post-election sentiment this week. However, today will add something different to the mix as we will have the US CPI report in focus. While inflation numbers haven't been too important in recent months, it is one...