Submitted Jun 4, 2021|From monetamarkets.com

The NFP headline print disappointed those hoping last month’s number was an anomaly with revisions to April’s figure meagre as well. The net 559k jobs added missed expectations of 665k and the whisper number of 790k. In total, there are still more ...

Submitted Jun 3, 2021|From monetamarkets.com

Most research tells us that USD/JPY is the most volatile major immediately after the non-farm payrolls report. This volatility lasts the most up to four hours after the release with a negative surprise triggering a bigger market reaction than a ...

Submitted Jun 2, 2021|From monetamarkets.com

As commodities resume their strong uptrend while US stocks which have a decent correlation to the CAD linger at their highs, CAD/JPY has also paused at its peak. After busting higher above the mid-May resistance at 90.74 last week, prices have ...

Submitted May 28, 2021|From monetamarkets.com

Next Tuesday’s OPEC+ meeting is a big one for oil watchers as the cartel should decide if they are going to stick to their commitment of increasing output in June by 700million barrels per day and then by an additional 840mn bbl/day the following ...

Submitted May 27, 2021|From monetamarkets.com|6 comments

With just two exceptions, we have to go back to 1975 to find a quieter month for USD/JPY. US yields have been quiet and rangebound, which have historically been a driver of this pair and there’s been low volatility across the FX complex relative to ...

Submitted May 25, 2021|From monetamarkets.com|2 comments

The kiwi has been in a subdued mood this month, indeed for several months, as the global reflation story plays out. Booming commodity prices have fallen back more recently and this seems to have affected NZD more than the other commodity-dollar ...

Submitted May 19, 2021|From monetamarkets.com

The aussie has been a laggard amongst the other commod-$ currencies (CAD,NZD)recently with central bank divergence playing a key roll after the RBA confirmed once more it is in no hurry to withdraw stimulus. This is in stark contrast to the Bank of ...

Submitted May 18, 2021|From monetamarkets.com

This week’s UK data dump has kicked off with the latest jobs report showing another drop in unemployment to 4.8% in the three months to March. In spite of the latest lockdown, things are looking rosier now in the jobs market with a spike in ...

Submitted May 17, 2021|From monetamarkets.com

USD/CHF has been in something of a textbook downward channel since topping out on April Fool’s day at 0.9472. This peak has retraced from the down trendline from the high in May 2019 and we’ve seen a series of lower highs and lower lows in play in a ...

Submitted May 13, 2021|From monetamarkets.com

AUD/JPY is one indicator many traders can use to identify market risk sentiment as it is a classic macro risk barometer. It incorporates two of the market’s favourite “risk on” and “risk off” currencies – AUD which correlates strongly with ...

Submitted May 12, 2021|From monetamarkets.com|1 comment

USD/CAD is heading for its fourth straight monthly decline and sixth consecutive weekly loss. The monthly USD/CAD timeframe shows we have now reached a major level on the long-term chart at 1.2061 which is the September 2017 low. The pair peaked in ...

Submitted May 11, 2021|From monetamarkets.com

Sterling broke the Socttish election shackles yesterday with cable pushing to new highs and EUR/GBP moving to the lower end of its recent trading range. Political risk had been holding back GBP in recent weeks with apparent no.10 flat redecoration ...

Submitted May 5, 2021|From monetamarkets.com|2 comments

Will the Bank of England join the Bank of Canada in reducing its purchases of bonds, known as tapering? There is a range of opinions on the MPC meeting tomorrow on whether to taper now or later in the summer which means there are good two-way risks ...

Submitted Apr 30, 2021|From monetamarkets.com|1 comment

Next week sees the RBA meet on May 4 followed by the Statement on Monetary Policy released on May 7. Recently, the meetings linked to the Statements have seen policy changes but this time around, all policy measures are expected to remain unchanged. ...

Submitted Apr 29, 2021|From monetamarkets.com

Eurozone economic confidence soared earlier today rising to its highest since September 2018. Thanks to the improved vaccine rollout, there was strength across the board and significantly, the services sector is now also in expansion mode. This ...

Submitted Apr 26, 2021|From monetamarkets.com

USD bears started the week in fine fettle pushing the greenback to near two-month lows. But risk has backed off slightly and yields on US bonds have picked up, so the dollar has caught a bid. EUR/USD traded with a 1.21 handle early in the session ...

Submitted Apr 23, 2021|From monetamarkets.com

We look at three of the most compelling trade set-ups, as seen by a veteran ex-City trader: USD/JPY bearish trend is strong The Bank of Japan meet next week but no changes are expected after they tweaked some of their policy tools last time around. ...

Submitted Apr 22, 2021|From monetamarkets.com

US equity futures are very modestly better bid today after regaining their footing after two days of losses caused a stir in markets. “Buy the dip” is certainly the mantra as rising infection cases are well-known while earnings continue to surprise ...