The US dollar climbed broadly as traders buckle up for a big day but the source of buying might not be what you think. The dollar was the top performer while the kiwi continued to lag. The day ahead is jam-packed with top-tier indicators. In today's edition of the Premium Insights
, we publish a new justification for the existing EURJPY trades with two new charts as they net +150 pips gain. Both EURAUD trades are netting +500 pips gain, while last week's PRE-RBNZ AUDNZD trade netted +190 pips.1 of 2 GBPUSD long was stopped out. Full access to trades & charts is in the Premium Insights
The market will be transfixed on the news and releases in the day ahead but below the surface a little-talked-about trade might be poised to have a bigger impact.
Chinese shares have surged 6% in the past week and some related products have seen massive volume spikes. Rumors of market liberalizations are fuelling the gains but we wonder where the money is coming from.