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Implied volatility spikes, BOJ gets active ahead of FOMC
Rising yields ahead of the FOMC meeting has seen the BOJ announce bond purchases, and implied volatility has risen notably for the next 24-hours.
USD/JPY knocked from its perch as Kuroda jawbones the yen
Yen pairs were given a jolt ahead of the European open after BOJ Governor Kuroda made a few comments on currency movements.
The PBOC cut lending rate, EUR/CHF set for new lows?
The PBOC lifted China’s equity markets and commodity FX pairs with another round of easing, aimed at supporting their flailing property market.
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Two trades to watch: USD/JPY, FTSE
USD/JPY slips after BoJ minutes & ahead of US consumer confidence. FTSE rises with earnings, oil in focus.
Has gold finally found a floor?
We warned of potential support in yesterday’s gold wrap report, and price action since appears promising that a swing low is in the making – at least over the near-term.
European Open: UK data dump, BOC meeting and US inflation on tap
UK data kicks off at 07:00 BST, with final CPI reads for Europe, a BOC interest rate decision and the all-important US inflation report.
European Open: New high for USD/JPY, EUR/GBP rolls over
Fears of a recession in Europe weighed heavily on the euro last week, which saw the most bearish week for EUR/GBP since the pandemic.
European Open: Keep an eye on Germany's Regional CPI’s
The first (of several) regional inflation reports for Germany came in soft this morning, and that could be a lead for Germany’s broad CPI released at lunch today.
EUR/USD pulls back ahead of PMI’s, futures lower
PMI data makes up the baulk of economic data for Europe and the US, which kicks off with German data at 08:15 BST.
EUR/USD eyes break of 1.06, potential bull flag on gold
The dollar is on track to break a 6-week winning streak, and the euro and gold may present a couple of opportunities around that theme.
Reality check for risk as China data misses
Data from China clearly pointed the wrong way and knocked sentiment, but news that Shanghai is aiming to reopen threw in a degree of support.
The euro perks up ahead of German ZEW report
Whilst EUR/USD remains within a 150-pip range, momentum has turned higher form the midway point and hints at a run for 1.0600.
USD/JPY eyes a near 20-year high ahead of US inflation
USD/JPY's epic rally has stalled just beneath the 2015 high, a break above which would see the pair trade at its highest level since June 2002.
USD/CAD in focus for Canadian employment
USD/CAD has put in a strong rally these past two days, yet stalled at a key zone of resistance ahead of Canada's employment report set for today.
Commodity currencies track futures markets lower
Those who ignored the multiple warnings from Fed officials seem to have taken notice of the highly hawkish FOMC minutes, with markets tracking Wall Street lower overnight.
Several Central Bankers scheduled, USD/JPY in focus
Over the next few hours we have members of ECB, BOE and the Fed speaking. Separately, USD/JPY is hinting that a swing low could be approaching.
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The pound perks up ahead of inflation data
UK inflation is expected to rise to 6% y/y today, and if we’re to see a strong inflation data set overall it could revive hopes of a less cautious BOE regarding future hikes.
The rouble shows early signs of stabilising
The significance of OPEC’s meeting has diminished somewhat with Russia stealing headlines, and four key members intending to stick to raising output by 400k bpd.
Two trades to watch: FTSE, USD/CAD
FTSE rises after PBOC cuts rates. USD/CAD falls, but is a reversal on the cards?
European Open: GBP’s rally stalls at a technical juncture
The strong rally on GBP/USD has paused for breath at two key levels of resistance, leaving us to question whether it’s time to retrace of simply break higher from here.
European Open: Equities bounce on Omicron fatigue
There’s only so much misery traders can take, and that appears to be 3-day given how futures markets and Asian indices are all higher overnight.
Brexit a year later: What's the UK economic outlook and how can you capitalize in 2022?
Supply chain bottlenecks, labour shortages, surging inflation and slowing growth -the UK economy has a lot to contend with as it heads into 2022. Here we look these factors in more depth and what they mean for the pound and the FTSE.