I'm going to talk about things in this post in relation to the earlier headline here. It's storytelling time and might as well since we have to wait on the ECB and major US data later today anyway.To give a bit of context, what the Chinese central bank is requesting...
Market Update – September 14 – A hotly contested day ahead!
CPI was a little hotter than expected, but not enough to alter expectations that the FOMC will skip hiking rates at its meeting next Wednesday. And the report did not change views that the door is open for a tightening in November, but it still not any more than a...
Russell 2000 Technical Analysis – We are at a key support
Yesterday, the US CPI report came basically in line with expectations as the market was already expecting higher energy prices to push up the August inflation readings. The Core measure, which is what the Fed is focused on, was in line with forecasts with the monthly...
Don’t sleep on the major US data releases today
I've been highlighting them since last week already. And if you think that after the dull reaction to the US CPI report yesterday that the data points today might not matter, I would say the opposite could end up being truer.The inflation numbers yesterday served the...
It’s a tall order for the euro to sustain any climb after the ECB today
We've talked here about how if the ECB doesn't hike today, they will have to sell a hawkish pause instead. And that itself seems like a daunting task for the central bank. But what happens if the ECB does follow through with the leak earlier this week and hike rates...
A mixed mood for equities to start European trading
Eurostoxx -0.2%Germany DAX -0.2%France CAC -0.1%UK FTSE +0.3%Spain IBEX flatItaly FTSE MIB -0.5%It is tech shares that are seen higher again, with Nasdaq futures up 0.3%. S&P 500 futures are up 0.2% while Dow futures are up 0.1%, so that is keeping the overall...
EURUSD Technical Analysis – Watch this strong resistance
US:The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting.Fed Chair Powell reaffirmed their data dependency and kept all the options on the table.The US CPI yesterday came in line with expectations, so the market’s pricing remained...
FX option expiries for 14 September 10am New York cut
There is just one to take note of, as highlighted in bold.That being for GBP/USD at 1.2475, although I wouldn't attach much significance to that level. It isn't one that has any technical bearings, with the 200-day moving average at 1.2430 still being the key downside...
Switzerland August producer and import prices -0.2% vs -0.1% m/m 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,...
S&P 500 Technical Analysis – Consolidation on a key support
Yesterday, the US CPI report came basically in line with expectations as the market was already expecting higher energy prices to push up the August inflation readings. The Core measure, which is what the Fed is focused on, was in line with forecasts with the monthly...
Match-Prime’s CEO Outlines the Company’s Ambitious Plans for the Future
The liquidity provider market is exceptionally challenging because we all offer very similar solutions. Additionally, many companies, out of concern for the highest quality of services, are operating under specific Regulators, which may be a factor that reduces the...
China says it has the conditions to keep the yuan currency stable
China central bank has various currency management methods, ample tool kitsIt's been a while now that investors are bearish on yuan currency but now that the PBOC itself is getting desperate as seen here, there might be a change in the air among citizens in the...
ECB the main event on the agenda in Europe today
After the supposed leak early in the week, it looks likely that the ECB will lean towards raising interest rates one last time before they miss the boat. That being said, the odds of a 25 bps rate hike are now at ~63% so it is not exactly too convincing but at least a...
PBOC calls on banks to hold off on immediate dollar purchases – report
The report is via Reuters, citing two sources with knowledge of the matter. It is said that the PBOC has asked some of the big banks to refrain from immediately squaring their market positions and to let it run open in order to alleviate further downside pressure on...
Not too much change in the Fed funds futures curve after the US CPI data yesterday
There has been some back and forth shifts in pricing on this over the past month, as seen here before the main event yesterday. But essentially, the aftermath just pretty much moves the Fed funds futures curve to almost exactly where we were a week ago.For now, the...
Dollar sits marginally lower ahead of European trading
For all the anticipation ahead of it, the reaction ended up being a rather tame one. And even more so in the FX market. The dollar was hardly changed at the end of the day, though is now sitting marginally lower. In terms of Fed pricing, there is a slight shift lower...
ForexLive Asia-Pacific FX news wrap: USD lost some (tiny) ground
The moves for major FX rates were in small ranges only, with a half big figure lower for USD/JPY the stand out. The pair is still in the range it established on Monday in response to the remarks reported from Bank of Japan Governor Ueda over the weekend. Data from...
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Goldman Sachs on Australian LNG strikes: chance of a lengthy spike in gas prices are low
Goldman Sachs says that while strikes at the Chevron-operated Gorgon and Wheatstone LNG facilities in Australia will raise supply risks, the probability of long outage that could fuel a lengthy spike in gas prices are low. GS reason that: "This is both because of the...
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