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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.

Research

The SNB could surprise (again) with a larger than expected hike

The SNB (Swiss National Bank) are expected to hike interest rates tomorrow, which would send their rate above zero for the first time since 2011.

Currency prices

Is USD/CAD ready to pull back?

With significant resistance above, the chance of stronger than expected inflation data, and the possibility of a “less hawkish than expected” Fed, it Is possible that the pair will move lower.

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September 19, 2022 03:15 PM

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USD/CNH closed above 7.000 for first time in 26-months

Despite attempts to stabilise the yuan, USD/CNH has reached 7.000 as policies between the Fed and PBOC continue to widen.

Research

Gold wrap: Spot gold breaks key level (yet gold futures hesitate)

Spot gold prices crashed through the 2021 low and the backdrop assumes it could move lower still. Yet over the near-term we’ll watch gold futures for directional clues.

Kuroda is likely rolling his eyes as USD/JPY taps 145

Another strong inflation report for the US prompted a sharp reversal across global markets overnight - in favour of the US dollar and yields, but to the detriment of commodities and indices.

Research

2 Trades to watch for today’s US inflation report: EUR, Gold

Today's US inflation report is a key event this week for traders, who are placing bets that it will soften ahead of the report to send equities higher and the US dollar lower.

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European Open: GBP/JPY taps 166 ahead of UK data dump

The yen was the weakest currency overnight during a mild risk-on session, allowing GBP/JPY to tap 166 ahead of today’s UK data dump at 07:00 BST.

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September 12, 2022 12:32 AM
Research

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.

Research

USD/JPY taps 144, Oil breaks lower, BOC in focus

It’s been a relatively lively session for traders overnight which saw USD/JPY steam ahead above 144 and WTI hit a new cycle low. Next up we have the BOC meeting.

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September 7, 2022 02:10 AM
Japanese Flag

USD/JPY at 24-year highs: More to come?

The stark central bank policy divergence between the Fed and BOJ is an easy story for traders to grasp onto...

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September 6, 2022 10:48 AM
Close-up of market chart

How to use the golden cross and death cross indicators in trading

The golden cross and death cross are two chart patterns that use simple moving averages to indicate when the price of an asset is entering a bull or bear market. Learn how to spot both when using technical analysis.

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August 31, 2022 01:45 PM
Research

China’s PMI’s continue to underperform, USD/CNH bulls eye 7.00

The National Bureau of Statistics of China (NBS) released PMI data for China, and is another data set which underperforms relative to expectations.

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August 30, 2022 10:21 PM
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Crude oil: WTI reversing yesterday’s surge, OPEC+ on tap next week

With most producers already operating at or above capacity and growing signs that the global economy may be slowing, some reduction of supply is looking increasingly likely in the coming months...

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August 30, 2022 10:42 AM
Research

Gold wrap: Can the US dollar give gold bugs a break?

With the US dollar index stalling below key resistance and a market-based measure of inflation expectations rising, we’re on the lookout for a countertrend rally on gold.

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August 29, 2022 10:40 PM
Research

Gold wrap: Can the US dollar give gold bugs a break?

With the US dollar index stalling below key resistance and a market-based measure of inflation expectations rising, we’re on the lookout for a countertrend rally on gold.

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August 29, 2022 10:40 PM
Research

2 Trades to watch after Jackson Hole: EUR/USD, USD/JPY

The US dollar was the clear winner following Jerome Powell's Jackson Hole speech, and Wall Street the clear loser - with rates unlikely to come down any time soon.

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Research

European Open: US inflation and Powell’s Jackson Hole Speech in focus

Jerome Powell will be hoping that inflation data, released just 90 minutes before his Jackson Hole speech, softens as expected.

Research

Parity (1.0000) acts like a magnet on EUR/USD ahead of EU and US data

The gravitational pull of parity remains in play ahead of key data sets this week on EUR/USD, where a clear divergence of data could see it break one way of the other.

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August 25, 2022 01:57 AM
Research

Higher oil and bond yields could benefit CAD/JPY

A combination of favourable yield differentials, higher oil prices and a bullish consolidation on CAD/JPY suggest it could break to new highs in due course.

Downward trend

Index in focus: Nasdaq 100 summer recovery at risk

Our traders are expecting a bounce in the index on balance - Will they be correct in their bias?

Research

US PMI’s disappoint ahead of key inflation data and Jackson Hole

Whilst US PMI data disappointed, it’s not as though the economic deterioration we’re witnessing didn’t come without plenty of warning. And the upshot all this is that it's deflationary.

EUR/USD saw its first daily close below parity since late 2002

Whilst EUR/USD flirted with the parity level in July, the anti-dollar saw a clear daily close beneath this key level yesterday for the first time in nearly 20-years.