News

   •    A fresh wave of global risk-aversion trade underpins JPY’s safe-haven status.   •  US bond yield inversion weighing on USD and adds to the selling pressure.    •  Traders now eye US ADP report and ISM services PMI for some fresh impetus. The USD/JPY pair came under some renewed selling pressure on Thursday and
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
Asia Pacific Market Open – Canadian Dollar, BoC, Risk Aversion, Australian Dollar, Japanese Yen Canadian Dollar plunged across the board on less hawkish BoC monetary policy announcement Risk aversion still engulfed financial markets, US ones were closed. USD edged cautiously higher Dow futures pointing lower, Asia stocks at risk. Japanese Yen could gain as AUD
Funeral services at the National Cathedral “I will keep America moving forward, always forward, for a better America, for an endless enduring dream and a thousand Points of Light. This is my mission, and I will complete it.” “We are a nation of communities… a brilliant diversity spread like stars, like a thousand points of
Trading the News: Bank of Canada (BoC) Interest Rate Decision The Bank of Canada’s (BoC) last meeting for 2018 may do little to influence the near-term outlook for USD/CAD as the central bank is widely anticipated to keep the benchmark interest rate at 1.75%. The BoC may revert back to a wait-and-see approach after delivering
Latest data released by Markit/BME – 5 December 2018 Prior 54.7 Composite PMI 52.3 vs 52.2 prelim Prior 53.4 ForexLive Preliminary readings can be found here. The services component holds steady but there is a mild improvement to the composite reading, but nothing substantial. The overall downtrend still remains for German survey sentiment and it
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 fresh wave of global risk-on trade/follow-through USD weakness prompts aggressive selling.   •  The ongoing slide in the US bond yields/yield curve inversion adds to the USD bearish pressure.   •  Mnuchin/Kudlow’s positive trade-related comments do little to provide any meaningful impetus. The USD/JPY pair remained heavily offered through the early North-American session, albeit
Analysts at Nordea Markets are sticking to their medium-term negative view on risky assets and suggests that their expectations for profit margins are too high given slower growth and rising wages. Key Quotes “Our earnings revision indicators are starting to turn negative. Positioning is overweight risky assets globally and profit-neutral equity valuation measures more elevated
Commodity-sensitive loonie outperforms rivals on oil rebound. WTI gains more than 5% on Monday. US Dollar Index steadies above 97 ahead of PMI data. The USD/CAD pair started the week with a bearish gap and extended its losses to a fresh two-week low as the loonie gathered strength on rising oil prices. As of writing,
Though the capital and forex markets generally held back from systemic trends this past month, volatility was practically overflowing through the period. The typical ‘quiet December’ assumption will be put to the test against a laundry list of critical, unresolved fundamental threats. Traders should not be complacent. Japanese Yen Forecast: USD/JPY Rate Vulnerable to Less-Hawkish