Submitted Jun 4, 2019|From globalprime.com.au|4 comments

With stocks and bond yields in a funk as of late, Fed's Chair Powell speech managed to strike the right tone for the market to buy back risk as the case for lower rates builds up unless Trump walks back his threats and reverts the tariffs situation ...

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

If there was any doubt that we are fully entrenched in a broad-based dovish outlook for Central Banks around the globe as trade disputes intensify and inflation is nowhere to be found, the official commencement of the RBA easing cycle is yet further ...

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

This guide aims to act as a starting point of reference for traders and investors looking to gain exposure in such a wildly volatile and risky yet equally rewarding crypto marketplace. Even if the adoption of crypto-based technologies seems to be ...

Submitted May 28, 2019|From globalprime.com.au

Safe-haven bids into the allure of the Japanese Yen and fixed income markets are the name of the game as the markets gradually come to the realization that the global economy is about to enter a period of subpar growth as the US and China drag on ...

Submitted May 28, 2019|From globalprime.com.au

The market is set to come back to life after the respective holidays in the UK and the US. Currency movements have been quite subdued, with the Sterling and to a lesser extent the Euro, finding minimal extra stimulus on the back of the fragmented ...

Submitted May 27, 2019|From globalprime.com.au

The story making the headlines in the currency market is the follow-through weakness in the US Dollar, exacerbated by yet another round of poor US economic data, this time the goods orders series was the culprit behind the sell-off last Friday. ...

Submitted May 23, 2019|From globalprime.com.au|1 comment

The USD suffered a V-shaped turnaround, in other words, in a matter of hours its outlook went from steady bullish to now head into Friday with clear fragility to further losses. The culprit, after correlating price action to fundamental news, has ...

Submitted May 22, 2019|From globalprime.com.au|2 comments

As the market goes through a moderate round of deleveraging, the Japanese Yen, recently disjointed from RORO dynamics amid an overstretched cheap valuation, finally put on a decent recovery, one that I had personally been endorsing judging by the ...

Submitted May 20, 2019|From globalprime.com.au

We had an uninspiring day of price action in the forex arena on Monday, with most of the US-China trade-led vol concentrated in the equity market. It is precisely in stocks where we are seeing the first technical cracks again as the risk profile ...

Submitted May 19, 2019|From globalprime.com.au|1 comment

There is a clear winner as the week gets underway, and that's the Aussie, boosted by the friendly outcome of the Australian national election, where the incumbent coalition government won with what appears to be a parliamentary majority. On the ...

Submitted May 17, 2019|From globalprime.com.au|2 comments

It cannot be argued that risk continues on the mend. Equities found fresh buyers, bonds sold, the VIX came down to 15.00, but still, a key question must be asked. Is the market growing excessively complacent to the risks stemming from the new highs ...

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

Risk sentiment was buoyed by reports that the US government is likely to delay auto tariffs to the EU and Japan up to 6 months. The Japanese Yen was the currency most punished by the news just as equities in the US turned around and never looked ...

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

Tuesday's turnaround in risk dynamics should not send the false signal to think we are anywhere near from being out of the woods. The crosscurrents in equities, fixed income credit and currencies, specifically the performance of the USD, JPY, CNH ...

Submitted May 13, 2019|From globalprime.com.au

As China bites back retaliating by imposing tariffs on US goods effective by June 1st, the markets are coming to grips that such actions, even if not tit-for-tat, it means that we are in the midst of discounting a prolonged rhetoric war period ...

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

Last Friday's inconclusive US-China trade talks kept the markets guessing, what's next? However, that was not an impediment for a relief rally in risk assets to transpire, even if as I elaborate in today's report, the sustainability of this movement ...

Submitted May 8, 2019|From globalprime.com.au|5 comments

In the world of finance, a strategic plan of engagement dependable on anticipation of scenarios helps you to become more responsive, in other words, you know what type of movements could be expected vs reactive, which is more about acting without ...

Submitted Apr 28, 2019|From globalprime.com.au|1 comment

Granted, the thematic of USD strength does not look like it's going to go away anytime soon if one judges by the weekly closes achieved in the DXY and EUR/USD. It was such a pity that the bullish close outside a well -defined 6.70-75 range could not ...

Submitted Apr 25, 2019|From globalprime.com.au|16 comments

The exuberant mood to buy the US Dollar post-Easter just keeps on going, reflected by the topside resolution in the DXY, where a close above the 97.60-70 key daily resistance has finally transpired. If we can find acceptance above this level on a ...

Submitted Apr 23, 2019|From globalprime.com.au|1 comment

The USD is on a tear, rising against all its G10 FX peers, while the Japanese Yen, surprisingly, follows the former in locksteps, disregarding the new record high on the S&P 500 (on a closing basis). Another currency that is defying Intermarket ...