Submitted Dec 15, 2019|From globalprime.com.au

The main takeaway of last week's eventful trading activity, as we head into the final adjustment of portfolios before the year-end, is the settling of a new reality. Granted, in spite of all the wax and wane, we are weeks away from welcoming a new ...

Submitted Dec 12, 2019|From globalprime.com.au|1 comment

The Sterling has been catapulted, with the bulk of the move occurring in the blink of an eye, in response to the UK election exit poll showing that the Conservative party is set to win with a big majority of 368 seats as the votes continue to be ...

Submitted Dec 11, 2019|From globalprime.com.au

While it may come as a surprise for some that the USD keeps selling off on the back of a strong US NFP last Friday, coupled with a neutral FOMC, if one accounts for the technicals bearish outlook and forex seasonals, it makes the follow through in ...

Submitted Dec 10, 2019|From globalprime.com.au

The European currencies were the main winners on Tuesday, with the Swissy leading the pack from the early hours of trading in Asia, only to be followed by a perky Euro as the German data continues to show some very early signs of green shoots in the ...

Submitted Dec 9, 2019|From globalprime.com.au|1 comment

The currency market is in a holding pattern ahead of the abounding barrage of risk events late this week, which will start with the FOMC on Wednesday, the ECB policy meeting and UK general election on Thursday, ahead of the decision on Chinese ...

Submitted Dec 8, 2019|From globalprime.com.au

Have we seen a meaningful bottom in the US Dollar? As the chart below reflects, the currency was by far the biggest loser during the course of last week even if the US NFP blew it out of the park by showing a huge positive divergence against the ...

Submitted Dec 5, 2019|From globalprime.com.au|5 comments

Akin to the dominant flows in November, the first week of December is in many respects tantamount to what we saw last month, with the Sterling and the New Zealand Dollar the best performing currencies as a fundamental shift, driven by expectation of ...

Submitted Dec 4, 2019|From globalprime.com.au|1 comment

Funding currencies, most notoriously the Swissy and Yen, fell out of bed, accompanied by overall weakness in the US Dollar and Euro. The risk landscape experienced, once again, a 180 degree turnaround after a Bloomberg report hinted at the Phase One ...

Submitted Dec 3, 2019|From globalprime.com.au|2 comments

There has been a shift in G8 FX flows as Trump triggered a major sell-off in both stocks and bond yields, with the impact of these fluctuations this time reverberating into the currency market, as the Yen and Swissy were bought up as the market ...

Submitted Dec 2, 2019|From globalprime.com.au|1 comment

The NZD was the stellar performer right from the get go as the technical bullish momentum converged with the positive fundamental developments. The signal of more fiscal stimulus in NZ tames down the prospects of the RBNZ cutting rates further for ...

Submitted Dec 1, 2019|From globalprime.com.au|9 comments

The month of November can now be stared from the rare mirror. It was a month that saw the New Zealand, the Pound and the US Dollar as the indisputable outperformers, with the latter displaying a steady bid tone since half way through the month, ...

Submitted Nov 28, 2019|From globalprime.com.au|6 comments

The renewed momentum in the Pound, boosted by the UK Gov MRP poll, has stood out this week amidst a sea of tranquility elsewhere. Perturbing this low vol G8 FX environment (exc GBP), even if quite ephemerally, was the signing of the Hong Kong Human ...

Submitted Nov 26, 2019|From globalprime.com.au

The volatility in Forex remains quite compressed, with the positive soundbites in the US-China trade talks, not really providing the stimulus necessary to see a stronger commitment of capital into the currency market. It appears as though equities ...