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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, experience level, and risk tolerance. You could lose some or all of your initial investment; do

What’s on tap today It’s Martin Luther King Day in the US and trading conditions will be thinner as a consequence. Still, there has been a shift in recent trends as the new week gets going, with stocks looking more vulnerable and the US dollar back on the bid. [embedded content] For bank trade ideas,

Industrial Production 7.3% y/y   Industrial Production YTD 2.3% y/y … so for 2020 the facrory sector grows despite all the chalenges. Fixed Assets (excluding rural) YTD 2.9% y/y Retail Sales 4.6% y/y Retail Sales YTD -3.9% y/y and a difficult 2020 indeed for the consumer, reflected in shrinking retail sales for the 12tmhs.  The unemployment

EUR/JPY trade idea Analysts at MUFG reccomend selling EUR/JPY in the week ahead with a target of 123.00 and a stop at 127.30. “We are recommending a short EUR/JPY trade idea to take advantage of the euro’s downward momentum in the near-term,” they write. “We still see scope for the EUR sell off to extend

Media reports on moves from the European Union to lay out plans to limit its reliance on the USD Citing a draft policy paper from the European Commission that will be adopted on January 19. The paper points to the EU’s vulnerability to US sanctions and to financial risks. Measures proposed include tighter controls on

CFTC commitments of traders: EUR longs move back up to December highs Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Weekly forex futures positioning data from the CFTC EUR long 156K vs 143K long last week. Long increased by 13K GBP long 13K vs 4K long last week. Longs

Forex news for North American trade on January 15, 2020: Markets: Gold down $21 to $1826 US 10-year yields down 4 bps to 1.09% WTI crude down $1.43 to $52.14 S&P 500 down 27 points to 3768 USD leads, NZD lags There was a decided risk off tone in markets and that meant a bid

New York area manufacturing survey Prior was +4.9 New orders +6.6 vs +3.4 prior Prices paid +45.5 vs +37.1 prior Six month conditions +31.9 vs +36.3 prior Employment +11.2 vs +14.2 prior Full report If you’re a pessimist, you can start to see the makings of a crest in this report and a continued build-up

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, experience level, and risk tolerance. You could lose some or all of your initial investment; do

A mixed and tepid start to the session Eurostoxx +0.1% Germany DAX +0.2% France CAC 40 flat UK FTSE -0.1% Spain IBEX -0.2% The market is basically feeling a little stuck at the moment, as we await more Fedspeak later in the day before getting to Biden’s fiscal package unveiling. Looking at US futures, S&P

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, experience level, and risk tolerance. You could lose some or all of your initial investment; do

What’s the state of play on Wednesday There’s been a lot of indecision with respect to the direction in markets this week, and things have come to a bit of a halt. The big question is whether or not this halt is just a consolidation in favor of a continuation of the prevailing trends of

News out of the rating agency overnight ICYMI Fitch Ratings has affirmed New Zealand’s Long-Term Foreign-Currency (FC) Issuer Default Rating (IDR) at ‘AA’ with a Positive Outlook.  Fitch has also affirmed the Long-Term Local-Currency (LC) IDR at ‘AA+’ with a Stable Outlook. Cite, amongst other factors: New Zealand’s ratings are underpinned by very high governance

Forex news from the European trading session – 12 January 2021 Headlines: Markets: GBP leads, USD lags on the day European equities lower; E-minis up 0.3% US 10-year yields up 2.4 bps to 1.17% Gold up 0.9% to $1,861.10 WTI up 1.6% to $53.10 Bitcoin up 3.2% to $35,044 It was a rather quiet session

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, experience level, and risk tolerance. You could lose some or all of your initial investment; do

Forex news from the European trading session – 11 January 2021 Headlines: Markets: USD leads, NZD lags on the day European equities lower; E-minis down 0.5% US 10-year yields down 0.7 bps to 1.108% Gold down 0.3% to $1,842.82 WTI down 0.6% to $51.92 Bitcoin down 8.5% to $34,808 The dollar is moving from strength

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, experience level, and risk tolerance. You could lose some or all of your initial investment; do

If there’s a bull case, this is it The US dollar held a steady bid from Wed-Fri after the Democrats won the Senate and it was the top performing currency after the result became clear. Could that mark the bottom for the nine-month bear market in the dollar? Or at least a sustained bounce? The