I'll be off next week but one of the guys will fill in to cover for the FX option expiries board for each day. But just in case you want a bit more of a weekly overview, here's a tentative one. Keep in mind though that the expiries (even the ones not listed) can...
S&P 500 close to erasing two weeks of losses just this week
As 10-year Treasury yields basically undoes whatever happened in October, equities are finding much comfort especially in the last two days. Tech stocks have been surging but general sentiment in itself is extremely buoyed as major indices look to wrap up the week...
FX option expiries for 3 November 10am New York cut
There are quite a number to take note of on the board for today, as highlighted in bold.But the caveat for all of them is that no matter the expiry sizes, trading sentiment today will be largely driven by the bond market and that will depend on what we get from the US...
A couple of light releases to move things along in European trading today
With the US jobs report in focus, that should make for a quieter session in European morning trade today. The bond market is the key driver of broader sentiment right now but I reckon traders would rather wait on the main event than to keep running with the moves in...
Dollar little changed for now after yesterday’s tumble
The snapshot of the major currencies space is a bit of a snoozefest at the moment. The dollar fell in trading yesterday, owing to another fall in Treasury yields. 10-year yields hit a peak of 5.02% just last week but are now down to 4.66% and that has been the main...
Forexlive Asia-pacific FX news wrap 2 Nov:Forex market sleepwalks as traders await US jobs
The forex markets had a sleepwalk through the Asian Pacific session with little changes in the currency pairs. Japan was off for Culture Day which did not help price action, but it is also not unusual for the markets to stay calm ahead of a key release and instead let...
It is non-farm payrolls Friday today
The bond market is acting as the key driver for broader sentiment at the moment, as falling yields is impacting all other asset classes since after the Fed meeting on Wednesday. 10-year Treasury yields have fallen from 5% earlier this week to now 4.65% in a massive...
The USDCHF is centering itself near neutral technical levels ahead of US jobs report
As the forex market sleepwalks as traders await the US jobs report at 8:30 AM ET, the USDCHF is hanging around its neutral area defined by the 100-hour moving average of 0.90538 and 50% midpoint of the October trading range at 0.90658. That area will be the barometer...
New Zealand elect PM Luxon: Have tremendous progress informally with coalition partners
Final results from New Zealand's October 14 election show that the National Party needs support from ACT New Zealand and NZ First to form a government.The National Party led by Christopher Luxon secured 48 seats, ACT won 11 seats, resulting in a combined total of 59...
China’s Caixin Services PMI for Oct. 50.4 versus 51.2 estimate
China's services activity expanded slightly faster in October at 50.4 versus 50.2 last month but below the estimate of 51.2, Sales in the services sector grew at the softest rate in 10 months, and employment remained stagnant, while business confidence decreased.The...
Hong Kong’s Hang Seng index to open up 1% at 17,405.91
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,...
PBOC sets USD/ CNY reference rate for today at 7.1798
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 rebounds off 50% retracement support
The USDCAD is moving higher as sellers over the last few days cover some short against a support target defined by the 50% midpoint of the move up from the October low to the October high. That midpoint comes in at 1.3733. Also near the midpoint is a swing area...
Australia retail trade for Q3 0.2% versus -0.2% expected
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,...
China’s PBOC expected to set yuan midpoint at 7.3119 per dollar
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,...
Treasury Secretary Yellen defends criticism on rates and government funding
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,...
Reuters Poll: RBA to high cash rate to 4.35% on November 7
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,...
South Korea Kospi index up 0.96%
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,...
Sam Bankman-Fried’s found guilty of defrauding FTX customers
The jury in FTX Founder Sam Bankman-Fried's trial has reached a verdict. Found guilty of defrauding FTX customers by jury in New YorkFound guilty on all 7 criminal accounts he faced at trialHe was found guilty by a jury. Sentencing will be set for March 28,...
Quiet start as the final day of the week gets going
Yesteday, the NZD, CAD and AUD were the strongest of the major currencies as "risk on" flows dominated with the giddy stock markets. The USD and the CHF were the weakest as the flow of funds exited the "safe-havens". Today, so far, the price action is very limited....