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Stock Market Meltdowns Have Become Frighteningly Common: Bloomberg

S&P has posted 3 days of 3% drops this year, most since 2011 S&P’s 6-day losing streak is the longest since 2016 election You could write it off as a fluke in February. When it happened again in March, people got concerned. Now stocks are tumbling a third time in 2018, and investors are starting […]

Forex Trading Opportunities for the Week Ahead 15 October 18: FXRenew

I plan my trading for the week ahead each weekend. Here are the Forex trading opportunities I will bestalking this week. Note that this is my current view, but if market conditions change my view can change too. Generally I will trade in alignment with what I have noted here, though I will wait for a […]

Asian Stocks Attempt Recovery as U.S. Futures Rise: Markets Wrap: Bloomberg

S&P 500 dropped 2.1%, Nasdaq fell 1.1%; Treasuries edge down China’s yuan in focus as U.S. Treasury currency report looms Most Asian stocks recovered Friday after the biggest sell-off in global equities since February, as U.S. stock futures extended gains and Treasury yields ticked higher. The dollar steadied and the yen gave back some of […]

Option expiries for Friday October 12 NY cut (10:00ET, 15:00 London) : FXWW

From the FXWW Chatroom – EUR/USD: $1.1520-25(E702mln), $1.1550(E1.06bln), $1.1590(E884mln), $1.1600(E317mn), $1.1710(E384mn) USD/JPY: Y113.00($485mn), Y113.60($470mn) GBP/USD: $1.3000(Gbp495mn), $1.3175(Gbp305mn) AUD/USD: $0.7100(A$359mn), $0.7150(A$438mn) USD/CAD: C$1.2800($1.04bn), C$1.2910-20($854mn), C$1.2950($418mn), C$1.2985($407mn), C$1.3000-05($1.19bn) USD/CNY: Cny6.90($553mln), Cny6.9250-93($656mln) ———————————————– Larger option pipeline: EUR/USD: Oct15 $1.1450(E2.57bn), $1.1500(E1.05bn), $1.1700-05(E1.55bn); Oct18 $1.1450(E1.06bn), $1.1550(E1.08bn); Oct19 $1.1400(E1.67bn) USD/JPY: Oct16 Y111.60-70($2.44bn); Oct17 Y111.75-90($1.73bn), Y112.95-113.00($1.26bn); Oct18 Y113.50($1.64bn); Oct19 Y114.00($1.16bn) GBP/USD: Oct15 […]

12 Oct: Trend table outlook for FX, Commodities, Indices: FXCharts

Most the action has once again been in the stock markets on Thursday, with Oil and Gold also making an appearance, and as we discussed before, the longer term charts for the US stock markets look increasingly heavy so further downside price action is favoured. The short term momentum indicators have become oversold, so and […]

Option expiries for Tuesday October 09 NY cut (10:00ET, 15:00 London) : FXWW

From the FXWW Chatroom – EUR/USD: $1.1450-55(E391mn), $1.1500(E1.58bn), $1.1580-90(E509mn), $1.1600-05(E513mn) USD/JPY: Y110.20-35($1.44bn), Y113.00($415mn), Y113.25($1.07bn), Y114.00($381mn) GBP/USD: $1.2730(Gbp930mn), $1.2900(Gbp543mn), $1.3000(Gbp325mn) EUR/GBP: Gbp0.8795-0.8800(E470mn), Gbp0.8825-30(E535mn) AUD/USD: $0.7000(A$693mn) AUD/JPY: Y76.00(A$600mn), Y80.00-05(A$430mn) USD/CAD: C$1.2950($815mn), C$1.2970-77($807mn) ———————————– Larger option pipeline: EUR/USD: Oct11 $1.1300(E987mn), $1.1400(E983mn), $1.1450-60(E1.32bn), $1.1500(E1.43bn), $1.1600(E1.55bn); Oct15 $1.1450(E1.0bn), $1.1700(E1.18bn), Oct18 $1.1450(E1.06bn); Oct19 $1.1400(E1.52bn) USD/JPY: Oct10 Y113.00-05($1.22bn); Oct16 Y111.60-70($1.84bn); Oct18 Y113.50($1.64bn) […]

MNI 5 THINGS: Japan Sep Sentiment Slips on Disasters

–Japan Sep Econ Watchers Current Index 48.6; Aug 48.7 –Japan Sep Watchers Current Index Posts 1st Drop in 2 Months –Japan Sep Watchers Outlook Index 51.3; Aug 51.4 –Japan Sep Watchers Outlook Index Posts 1st Drop in 2 Months –Japan Govt Keeps View: Moderate Econ Recovery Continuing –Japan Govt: Firms Concerned Over Rising Costs, Trade […]

Citi: TOTW…Trade Idea: Sell AUDUSD 0.7054, target 0.6875, stop 0.7150: FXWW

From the FXWW Chatroom – Follow through from the rise in US yields is likely to fuel USD appreciation: The rise in long-term yields is likely to be associated with higher volatility and pressure on emerging markets. This may see USD-positive position cutting by long-term investors. Following the recent flush-out, USD long positioning among short-term […]

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