EURUSD: 1.2504 EurUsd has spent most of the session in a choppy 50 point range and is finishing the day at the …More>>
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MOST RECENT ARTICLES
FX market volumes continue to be hit by major structural changes across the market. The big interbank players have basically ceased to take on any proprietary risk, leading to a big drop in volumes, and in many cases they have changed their market-making activities also. Most of the banks are acting now like pure broking […]
Open Orders EURJPY – Price has come really close to my stop loss, although I still remain protected by a layer of offers up t 137.70. I will hold the position to see what happens. If stop hit, it would represent a tiny loss, so that is within early plan. EURCHF – The level of […]
Many Fed officials said job gains might bring rate rise sooner FOMC agreed balance sheet should be cut gradually, predictably Some FOMC participants more uncomfortable with forward guidance Job market noticeably closer to normal and FOMC members differed on remaining slack More hawkish than the market expected…USD/JPY approaching fresh intraday highs The post Highlights from […]
The MPC voted 7-2. Weale and McCafferty voted for a 25 bps rate hike, but that was ahead of the weak data we’ve seen out of the UK recently. Cable rallied to 1.6680 on the news, however, this seemed more like some short covering by fast money as the pair looks bit oversold in the short-term. […]
CIBC The big focus had been the RBA Governor Glenn Stevens’ Semi-Annual Testimony to the House of Representatives economics committee. The market is bearish Aussie, eager beavers with their fingers on the “sell” button. When he said the risk that Aussie will fall materially is underestimated – Aud fell from 0.9305 to 0.9285 in a […]
The Governor invited the Committee to vote on the propositions that: Bank Rate should be maintained at 0.5%; The Bank of England should maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion. Regarding Bank Rate, seven members of the Committee (the Governor, Ben Broadbent, Jon Cunliffe, Nemat […]
Wed 20th Aug The USD index had been consolidating in a Bull Flag pattern around the key 81.50 resistance level for much of the last three weeks. It has finally made a bullish break up and out of this pattern and is also now trading well above the 81.50 level. USDX 4 hr chart: The index had […]
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