Submitted Aug 12, 2019|From globalprime.com.au

A classic 'risk-off' day took hold in market dynamics as manifested via the relentless appreciation in funding currencies the likes of the CHF, JPY and the EUR to a lesser extent. With the S&P 500 falling by more than 1%, accompanied by similar ...

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

In the last 24h of price changes, we've learnt that the appetite to keep a bid on funding currencies continues to be the most profitable way of expressing the fluid risk-averse environment, as the market comes to grips that the weaponization of the ...

Submitted Aug 7, 2019|From globalprime.com.au

The favorite play by the market has been to keep a sustained bid on funding-currencies (EUR, JPY, CHF) as derisking dynamics led to an unwind of carry trades. Capital that was borrowed in low yielding currencies and put to work in a high-return ...

Submitted Aug 6, 2019|From globalprime.com.au

The PBOC finally acted as the circuit breaker to ameliorate financial conditions by setting a firmer Yuan fixing and looking to conduct bond operations to soak up offshore Yuan liquidity via a series of bond issuances in Hong Kong. It did make the ...

Submitted Aug 4, 2019|From globalprime.com.au

In the last 2 trading days, as US President Trump's patience worn thin on China, which led to the announcement of further tariffs by Sept 1, the market is behaving as if both sides are moving closer to a full-blown trade crisis where the favorite ...

Submitted Aug 2, 2019|From globalprime.com.au

The indices show the performance of a particular currency vs G8 FX. An educational article about how to build your own currency meter can be found in the Global Prime's Research section. Narratives In Financial Markets * The Information is gathered ...

Submitted Jul 31, 2019|From globalprime.com.au

The FOMC has thrown cold water into the notion that the Fed will be as dovish as previously thought. Yes, the Central Bank cut its interest rate by 25bp and formalized the end of QT (Quantitative Tightening), which was merely the ‘anti-harakiri’ ...

Submitted Jul 29, 2019|From globalprime.com.au

The Sterling has been sold hard to start the week, losing over 1.5% in its index measure as the scenario of a 'no-deal' Brexit is clearly no longer taken for granted. There was always the big assumption that a soft Brexit will eventuate, but with ...

Submitted Jul 25, 2019|From globalprime.com.au

In the end, it did not matter that the ECB sent a strong dovish message that both lower rates and some form of QEII are coming in September. The lack of details about how big the ECB bazooka will be in Sept was the missing link and enough for ...

Submitted Jul 23, 2019|From globalprime.com.au|6 comments

It was all about the smart money re-grouping to push the USD higher on Tuesday, ending the day as the undisputable leader. If judging by the closing price in the USD index by the end of business in New York trading, looks like the market remains ...

Submitted Jul 22, 2019|From globalprime.com.au

I perceive the study of forex price action as the art to read all the information the market has agreed to price in at any particular point in time, which is why after witnessing the 3rd narrowest range in the EUR/USD history, the first thought that ...

Submitted Jul 22, 2019|From globalprime.com.au

Talking about Bitcoin vs Ethereum is referring to two of the most widely adopted blockchain-based technologies in the crypto space. Both projects have successfully proliferated and inspired millions by introducing distinctive characteristics in ...

Submitted Jul 21, 2019|From globalprime.com.au

The Fed has officially entered its particular blackout period and the market verdict just 9 days from the FOMC meeting is that a 25bp rate cut is likely to be the 'insurance' rate cut the Central Bank is seeking as a preventive measure. One that did ...

Submitted Jul 17, 2019|From globalprime.com.au

It was a hostile day to be a risk-seeker, even if one wouldn't need to check the screens twice judging by the impressive run in the New Zealand Dollar, recently supported by a higher dairy auction but paradoxically, with the RBNZ potentially ...

Submitted Jul 16, 2019|From globalprime.com.au

The USD attracted steady buy-side flows as yet another piece of evidence via an upbeat US retail sales seems to suggest the upcoming one or two insurance rate cuts by the Fed may be the intended tactical move rather than a rate-cutting cycle. This ...

Submitted Jul 15, 2019|From globalprime.com.au|1 comment

Day trading the forex market is a journey about feeling comfortable and enjoying the process with an undeterred amount of passion, ‘get better’ mindset, constant refinement of one's mistakes, self-control and a plethora of elements, which I hope, ...

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

If Powell had the intention to flip flop the intended easing action the Fed will embark upon this July on the heels of the strong US payrolls and the prevention of a radical escalation in the trade war via a half-hearted US-China trade truce at the ...

Submitted Jul 8, 2019|From globalprime.com.au|1 comment

Not a whole lot of price action to be inspired with on Monday, with a speech to be delivered by Fed Chair Powell as part of the opening remarks at an event hosted by the Federal Reserve Bank of Boston, potentially the aperitif of what's to come as ...

Submitted Jul 7, 2019|From globalprime.com.au|1 comment

Well, it turns out that May’s 75k US NFP reading was a mere blip as the June number blew it out of the park with an impressive 224k headlined. To put this number into perspective, it exceeded by well over 20k the most optimistic call by Bloomberg ...

Submitted Jul 3, 2019|From globalprime.com.au|1 comment

The most heavily traded currencies (EUR, USD) remain on the backseat when it comes to its overall performance as commodity-linked currencies take commanding action to exploit the vulnerabilities in both the European and American counterparts. I'd ...