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Week Ahead: OPEC+, RBA, BOC, and China CPI

Although this may be a light week for economic data, there are plenty of events taking place that could cause the markets to be volatile.

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December 2, 2022 10:16 PM
"Newspaper snippet of jobs board"

Non-farm Payrolls stronger than expected. Does that change the Fed’s plan?

Chances are that Powell and gang stick to the plan and only hike 50bps. However, that’s not to say that they can’t increase rates later if they deem it necessary.

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December 2, 2022 05:04 PM
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Forex Friday: USD/JPY, EUR/USD, GOLD and YIELDS

In this week’s edition, we discuss the dollar, gold, yen and euro, and look forward to the week ahead.

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European Open: Currency markets pause for NFP, Equities pull back

Today’s NFP report is the main event for traders, and the consensus forecasts is for headline job growth to soften to 200k (261k previously), and the unemployment rate remain at 3.7%.

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December 2, 2022 06:35 AM
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US Core PCE lower in September; USD continues lower

If Core PCE continues to fall over the coming months, the Fed may end up hiking rates less than it expects, or even cutting rates before the end of next year.

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December 1, 2022 06:11 PM
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GBP/USD retraces 50pc of decline…

…time for a reality check?

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December 1, 2022 06:00 PM
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November 30, 2022 10:01 PM
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USD/CAD holds between key levels ahead of Powell speech

Which direction will the Loonie break?

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November 30, 2022 06:22 PM
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OPEC+ preview: Will OPEC+ cut production again?

According to recent “sources”, OPEC+ is likely to leave production unchanged when it meets virtually on December 4th.

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November 30, 2022 05:05 PM
"Newspaper snippet of jobs board"

NFP preview: Is the jobs market FINALLY slowing?

Based on the limited figures we have access to, there’s some evidence that the labor market has deteriorated over the last month...

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November 30, 2022 02:58 PM

Canadian Q3 GDP surprises to upside but the Canadian Dollar moves lower

USD/CAD made a large move higher today, though it doesn’t seem like it was based on fundamentals.

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November 29, 2022 05:04 PM
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Technical Tuesday: S&P 500, Dollar Index, GBP/USD and Gold

In this week’s edition, we are getting technical on the Dollar Index, S&P 500, GBP/USD and gold

Finger pointing on market chart data

Technical Tuesday: S&P 500, Dollar Index, GBP/USD and Gold

In this week’s edition, we are getting technical on the Dollar Index, S&P 500, GBP/USD and gold

European Open: Double top forms on EUR/USD

The US dollar has found some stability following hawkish comments from Fed members, which has seen a double top pattern form on EUR/USD’s daily chart.

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November 29, 2022 05:29 AM
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GBP/USD: What’s with all that?

If GBP/USD can move lower due to the Fed being more aggressive than the BOE, is the reverse true as well?

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November 28, 2022 09:32 PM
Bank notes of different currencies

Currency Pair of the Week: USD/CNH

With Fed Chairman Powell speaking, US Core PCE and Non-Farm Payrolls, along with the increase In Covid cases and unrest in China, USD/CNH could be volatile this week.

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November 28, 2022 06:00 PM
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Dollar rebounds on China, faces busy week

Are we about to see a more profound dollar recovery?

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November 28, 2022 05:56 PM

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Research

EUR/JPY eyes breakout

…But in which direction?

Yen, Euros and dollar currency bills and notes

FOMC Minutes show Fed hiking rates at a slower pace

Based on today’s FOMC Minutes it appears that the Fed wants to hike rates at a slower pace in December than it did in November.

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November 23, 2022 09:41 PM
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Riksbank set to tighten. But will it be by 75bps or 100bps?

The Riksbank meets on Thursday and the decision to raise by 75bps or 100bps could have implications for the next direction in EUR/SEK.

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November 22, 2022 05:00 PM
Research

China worries dominate agenda

USD/CNH has more than made up the losses we saw Friday

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November 21, 2022 02:40 PM
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Commitment of traders report (COT): Traders flipped to net-short USD

Whilst traders remain net-long the US dollar, around $7 billion of net-long exposure was unwound last week alone.

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November 21, 2022 03:41 AM

Canadian inflation remains elevated. However, USD/CAD unfazed

Inflation in Canada is still high despite the Bank of Canada “only” hiking 50bps at its last meeting, rather than the 75bps that the markets expected

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November 19, 2022 04:12 PM