Currency

AUD Remain Bid Ahead Of CPI | AUD/USD, AUD/ZD, EUR/AUD If Australian CPI can simply hit target tomorrow, we could see a higher AUD in the current trading environment. CPI is expected to rise tomorrow to 1.7% YoY according to a Reuters poll, up from 1.6% in Q2. However, the RBA’s preferred gauge is the […]

DXY and EUR/USD Retreat From Key Levels Ahead Of Fed Traders have become less bullish on the USD recently. As of last Tuesday, traders had reduced net-long exposure on DXY to a 6-week low. Bullish exposure fell -6.2k contracts (its largest bullish reduction since March) and the move was fuelled by closure of longs and increase […]

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 […]