Currency

The dollar remains under pressure and could well go on to print new lows. Yet over the near-term, could be due a bounce. By Friday’s close, it was the worst 12-day trading period for the US dollar index (DXY) since August 2018. And whilst it remains within a bullish channel, the magnitude of its decline […]

After the UK made it public to exit from the EURO bloc, the market cap for Bitcoin and Gold has increased almost by $133 billion and $1 trillion. Is this the Brexit aftermath? As it is, the end may be near for Brexit. In the recent declaration an accord is reached between the British government […]

GBPUSD Price Analysis – October 20 The GBPUSD had closed on Friday above its opening price after recovering from early selling pressure and trending higher for the 4th day consecutively in a row. After failing to reverse from its highs, the FX pair is unstable and due to weekend UK parliament vote on Brexit, with […]

The British parliament’s first weekend sitting in 37 years saw the Letwin amendment triggered, yet reports that the government may have the votes to secure a deal saw GBP evade weekend gaps. This weekend the British Parliament held its first weekend sitting in 37 years to debate Boris Johnson’s Brexit deal. Cobbled together at the […]

Weekly COT Report: Yen Traders Flip To Net-Short As of Tuesday 15th October: Traders increased net-long exposure on USD by $2.1 billion to $20.4 billion, their most bullish stance in 17 weeks (up $2.1 billion to $23.3 billion against G10) Large speculators flipped to net short on the Japanese yen The largest weekly change among FX […]

Whilst Bojo prepares for his showdown with parliament over the weekend, we look at implied volatility levels for Brexit-related markets No sooner had newswires frantically announced that a Brexit deal had been agreed, the DUP reiterated their views haven’t changed, meaning it’s unlikely to get through parliament his weekend, resulting jolts across GBP pairs and […]

We’d like to refer to an older article from June, where we outlined a bearish case for USD/CAD against the bullish trend. Using a change of market positioning and a bearish divergence with MACD, we argued a break of the bullish trendline was favoured and that it could be carving out a topping pattern. Indeed, […]

US Stirs Tensions With China With Pro-Democracy Bill | CNH, E-Mini, AUD The US House of Representatives passed a human rights bill which effectively provides support to pro-democracy protesters in Hong Kong. The bill includes an annual review over whether Hong Kong is sufficiently autonomous from Beijing. Moreover, the bill will allow the US to […]

RBA Discussed Keeping Cuts For A Rainy Day | AUD/EUR, AUD/NZD As my colleague Joe Perry mentioned, it could be a busy week for AUD given the slew of data from China alongside AU employment data on Thursday. RBA just released the minutes from their October meeting, although the underlying message remains consistent; expect rates to remain […]

Weekly COT Report: Sterling Traders The Least Bearish In 3-Months As of Tuesday 8th October: Traders increased net-long exposure for a 4th consecutive week by $0.8 billion. The Euro saw the largest weekly change among FX majors, seeing net-short exposure increase by 9.4k contracts. Large speculators were their least bearish on the British pound in 3 […]