At the start of September, I wrote about the seasonals and warned that it was a bad month for stock markets with a note that it was the worst calendar month for the S&P 500. It...
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Oh what a week! The major FX currency pairs are ending the week mixed in the short term.
The last week was certainly a volatile one for the major currency pairs. The GBPUSD saw the biggest movement falling to the lowest level on record, and the EURUSD also reached to a new low for...
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1 Minute
Market Outlook for the Week of August 15-19
There are no important events scheduled for Monday that could significantly influence the FX market, but Tuesday we’ll have the monetary policy meeting minutes for the AUD and the inflation data for the CAD....
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FX option expiries for 11 August 10am New York cut
There isn’t much to take note of as any larger expiries are seen some distance away from current spot prices currently. The only one decently close is AUD/USD at 0.7000, though price action is...
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2 Minutes
AUD/USD down 1% on the day now after RBA rate decision
AUD/USD is down 1% on the day now to a low of 0.6950 and is threatening a further fall after the RBA rate decision earlier. The central bank delivered a 50 bps rate hike...
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China official July Manufacturing PMI falls from June, and back into contraction. Again.
Official PMIs come from the China National Bureau of Statistics and the China Federation of Logistics and Purchasing. For July: Manufacturing 49.0, its lowest in 3 months and back into contraction expected 50.3 and...
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2 Minutes
Dollar holds firmer to start the day
With the BOJ and ECB done for the week, the market focus will slowly shift towards the Fed ahead of the FOMC meeting next week. The dollar is finding itself in a modest spot...
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1 Minute
AUDUSD moves lower and cracks back below the 200 hour MA
The HONORABLE moved up to test the 38.2% of the move down from the June 16 high as the London fix was approaching. However, the price stalled ahead of that level at 0.6878 (the high reached...
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Risk appetite in a better spot to start the session
Market tones are looking calmer again as we get into European morning trade, with stock futures pulling higher to start the session. S&P 500 futures are up 17 points or 0.4% and the better...
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