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MOST RECENT ARTICLES
The British pound came under heavy pressure today – following the decision by UK PM May to cancel tomorrow’s Brexit vote. It was clear that May would have lost the vote. The uncertainty is bad for the pound, and pressure is likely to increase in the near-term. The charts suggest that a clear break below […]
Cable has been the main attraction on Monday following the postponement on the Brexit vote. It has headed sharply lower and it would seem that there is plenty more downside potential against both the US$ and on the crosses. I would trade from the short side, but the volatility means picking levels very carefully as […]
From the FXWW Chatroom – Strategy: BofAML’s FX Strategist Kamal Sharma likes to sell USDJPY this week, on broad equity market volatility and current tightening of financial conditions in the US. We have seen increased USD weakness in overnight Asia session, with markets continuing to reprice Fed hiking path (17 bps for Dec 2018, 16bps […]
TOKYO (MNI) – The following are the median economist forecasts for the Bank of Japan’s quarterly Tankan business sentiment survey for December due out on Friday, Dec. 14. Data Median Forecast Previous Survey —————————————————— Large Mfg DI 18 19 Large Non-Mfg DI 22 22 Small Mfg DI 13 14 Small Non-Mfg DI 9 10 Capex […]
The U.S. dollar, which is widely considered a safe-haven asset, fell on Monday in Asia even after tension with China escalated amid continuing concerns surrounding Chinese technology giant Huawei Technology. The U.S. dollar index that tracks the greenback against a basket of other currencies was down 0.7% at 95.845 by 1:45 AM ET (06:45 GMT). […]
Welcome to the last official “DRIVE THRU” blog of 2018. I will do a few teasers based upon what is coming in 2019 between now and the next official “DRIVE THRU” on the 12thJanuary 2019, plus I will provide a quick year end performance summary towards the end of the month as I close down […]
Doubts about the Trump/Xi agreement alongside growth fears (due to the inversion of the US yield curve) drove markets last week and China data released over the weekend isn’t any help. Look out below on equities this week as well, since China’s economy is slowing and demand is falling rapidly. If there is a negative […]
From the FXWW Chatroom – NZD opens this morning on the Friday lows and just below the 200 day.ma, but that move has again been benign relative to the Aussie dollar and global equity moves. The Aussie dollar continues to be the more correlated proxy to global growth, equities, China and general risk-off. AUDNZD selling […]
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