Submitted Jun 11, 2020|From insights.globalprime.com

The hectic action in US equities in a move that was already building up in Europe and Asia has led to a quick transition into an environment that is back to ‘risk off’ dominating proceedings. In hindsight, it definitely felt like the rubber hand was ...

Submitted Jun 10, 2020|From insights.globalprime.com

On the back of the FOMC, and as the dust settles in financial markets, the Japanese Yen and the Swiss Franc continue to outperform for a third day in a row amid the lingering bearish outlook for the US Dollar as Powell sticks to the status quo in ...

Submitted Jun 9, 2020|From insights.globalprime.com

A setback in the risk tone proliferated across the currency space ahead of the FOMC policy decision this Wednesday, with a notable disconnect in terms of the percentage movements observed between the performance of equities and risk-on currencies. ...

Submitted Jun 8, 2020|From insights.globalprime.com

There is no respite in the USD weakening trend, now a very mature one, as the currency still loses value across the board, resulting in new lows in the prop index I personally monitor that aggregates the flows. This downside action in the US Dollar ...

Submitted Jun 7, 2020|From insights.globalprime.com|3 comments

The way the week starts with the USD and JPY on the backfoot lays the ground to see follow through continuation of the ‘risk on’ dynamics prevalent for a number of weeks. It’s not rocket science that these conditions are a dream come true for trend ...

Submitted Jun 2, 2020|From insights.globalprime.com|1 comment

If not enough evidence had been emerging as of late over the unequivocally strong ‘risk on’ environment promoting the appreciation of commodity-linked currencies, the market once again schooled any stubborn contrarians through another impressive run ...

Submitted Jun 1, 2020|From insights.globalprime.com

The one-way street in the AUD follows the soft response by Trump to China’s approval of a new Hong Kong security law, trapping wrong-sided shorts in the process? However, the lenient retaliation may not detract China from ending the US-China phase-1 ...

Submitted May 31, 2020|From insights.globalprime.com|1 comment

Despite equities kicked off the first few hours in June with a soft note in what I suspect could be a more cautious approach on the back of the riots spreading across dozens of cities in the US, in the grand scheme of things, that's just a blip in a ...

Submitted May 29, 2020|From insights.globalprime.com|2 comments

The overall dominance of ‘risk on’ dynamics in financial markets continues to be better expressed through the trading of currencies, where the US Dollar and the Japanese Yen remain on the back-foot, as opposed to the more lethargic yet predominately ...

Submitted May 27, 2020|From insights.globalprime.com

The last 24h of trading were characterized by springy movements as the waxing and waning in order flow made it a challenge to stick with one particular intraday direction. Remember, we are right in the middle of that tricky window where month-end ...

Submitted May 26, 2020|From insights.globalprime.com

It’s been all about wearing the ‘risk on’ hat and go with the flow as the market appears unfazed by geopolitical rhetoric picking up between the US and China to instead focus on the re-opening of economies. So, where do we stand? We are in the midst ...

Submitted May 25, 2020|From insights.globalprime.com

It’s been a complete snooze-fest in financial markets with tight contractions in currencies the predominant dynamics in observance of the Memorial day and other domestic festivities around the globe. In the grand scheme of things, equities keep ...

Submitted May 21, 2020|From insights.globalprime.com

The underlying risk appetite won’t go away that easy. Even if a setback in risk dynamics hit the market, it is still far from posing a serious technical threat in the daily bullish trends in those markets most sensitive to risk flows, namely the S&P ...

Submitted May 20, 2020|From insights.globalprime.com

The buoyancy in risk appetite continues to be the name of the game. This is well expressed through an Aussie breaking higher against the US Dollar or Japanese Yen with further congruence found via the S&P 500 recording its highest close since March ...

Submitted May 20, 2020|From insights.globalprime.com|1 comment

The groovy mood dominating the equity space failed to extend on Tuesday as the S&P 500 continues to struggle taking out a key decision point in the form of the upper bound of its daily range just short of 3,000.00. The jury is therefore still out ...

Submitted May 19, 2020|From insights.globalprime.com|1 comment

The combination of vaccine hopes as Moderna published promising results of its phase 1 trial, progress made to fund the rebuilding of the economic fabric in Europe, as well as the predisposition of Fed’s Powell to deploy more momentary ammunition ...

Submitted May 17, 2020|From insights.globalprime.com|3 comments

As I crack open and dissect the latest market flows, I must say that my attention this time immediately goes to two markets that are finally coming to life such as the Pound or Gold, both trending nicely after recent breakouts of structures on the ...

Submitted May 12, 2020|From insights.globalprime.com

An important update today. As I weigh in the preponderance of evidence through equities, bonds, currencies, it looks as though we might be nearing an inflection point in risk dynamics if my analysis of structures and momentum is anything to go by. ...