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Week Ahead: More CB intervention? Plus, RBA, RBNZ, OPEC+, and NFP

Markets will be waiting on pin and needles this week to see which central bank may be the next to intervene.

Market chart

US Core PCE follows EU CPI higher

Markets are pricing in a 75bps rate hike for both central banks. However, the meetings not until the end of October and there is still a lot of data which can change rate hike expectations

Currency exchange rate board of multiple currencies

Forex Friday: It is all about the pound

In this week’s edition, we discuss the pound’s extreme volatility amid the BoE’s intervention and government’s questionable policy response to soaring cost of living crisis in the UK.

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Currency exchange rate board of multiple currencies

European Open: EUR/USD stalls at resistance ahead of US inflation

EUR/USD has rallied as part of a 3-wave countertrend move, but with key inflation from the US on tap we’re watching prices around a key resistance cluster.

Currency exchange rate board of multiple currencies

EUR/USD stalls at resistance ahead of US inflation

EUR/USD has rallied as part of a 3-wave countertrend move, but with key inflation from the US on tap we’re watching prices around a key resistance cluster.

China flag

China ready to intervene in USD/CNH; Tells banks to prepare

After the BOJ and the BOE intervened in the markets, traders are asking “Who’s next?”.

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September 29, 2022 12:01 PM
Bank notes of different currencies

EUR/USD climbs on German CPI and BoE lead

The EUR/USD has today followed the GBP/USD higher.

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September 29, 2022 11:51 AM

Two trades to watch: DAX, USD/CAD

DAX falls as mood sours ahead of German inflation data. USD/CAD rises ahead of US, Cad GDP data.

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September 29, 2022 03:21 AM
Research

European Open: Futures point higher, FTSE prints reversal at support

The FTSE 100 has produced a bullish hammer at the support level of a multi-month range, and futures point to a positive open for the index.

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September 29, 2022 12:44 AM

NZ business sentiment is less dire, RBNZ hint at rate cycle high

Business sentiment is not as pessimistic as it recently was, and RBNZ governor Orr described the central bank’s tightening cycle as ‘very mature’.

Graphic of trading data chart

Gilts gone wild!

The yield on the 30-year Gilt has moved from a high on the day of 5.092% down to a low of 3.869%.

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September 28, 2022 03:53 PM
Gold nuggets

Gold shines as yields plunge on BoE intervention

BoE will temporarily carry out purchases of long-dated UK government bonds at an “urgent pace,” and on “whatever scale” necessary to restore orderly market conditions.

Close-up of Union Jack flag

BOE folds and intervenes in bond markets; GBP/JPY in 410 pip range

With the BOE and the BOJ intervening over the last week, GBP/JPY has been extremely volatile, trading in a range from 164.44 down to 148.79 over that same timeframe.

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September 28, 2022 10:58 AM

GBP/USD: BoE intervention unlikely to help pound

BoE is attempting to soothe investor nerves after they were spooked by last week’s mini budget.

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September 28, 2022 07:00 AM
Research

The yuan hits a 14-year low and sends USD/CNH above 7.2000

Another day, another big level gives way for global markets. And that has seen the yuan weaken to 7.2 against the US dollar, a level not seen since 2008.

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September 28, 2022 12:56 AM
Close-up of Union Jack flag

Shorting the pound: how to short sell the British pound

Shorting the pound is a strategy that makes profit if the price of the British pound falls. To short the pound, you want to enter the trade as close to resistance level as possible. Find out more about short selling the pound.

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September 27, 2022 02:00 PM
Chart showing uptrend

US Housing Prices drop for 3rd consecutive month

Perhaps watching USD/JPY could give a clue as to where mortgage rates may be headed next!

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September 27, 2022 12:12 PM

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Congress building

US open: Stocks rise snapping a 5-day losing run

Stocks rise as he market mood improves for now. USD eases lower.

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September 27, 2022 08:59 AM
Finger pointing on market chart data

Technical Tuesday: Nasdaq, WTI, GOLD and USD/CNH

In this week’s edition, we are getting technical on the Nasdaq, WTI, gold and USD/CNH.

Gold trading

Two trades to watch: Gold, GBP/USD

Gold rises with Fed speakers & US data in focus. GBP/USD bounces from record low.

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September 27, 2022 03:19 AM
Bank notes of different currencies

ECB members working the wires today to try and prop up Euro

The ECB must have been excited when it saw its currency rising vs the Pound

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September 26, 2022 03:58 PM

Currency pair of the week: GBP/USD

Will the new budget from PM Liz Truss “break the economy” or will it help everyday citizens as she says it will?

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September 26, 2022 12:39 PM
Forex trading

EUR/USD due for a corrective bounce?

Prospects of some coordinated central bank action and the lack of fresh news may encourage short-side profit-taking...

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September 26, 2022 11:41 AM