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  • Intraday Market Thought: How High for the Yen?

    by Ashraf Laidi | Feb 14, 2018 15:58
    How High for the Yen? Chart In order to determine what part of the decline in USDJPY was driven by yen....Full Analysis on how far it can go.
  • Intraday Market Thought: Cohn out, USD Tumbles, Futures Shaken

    by Adam Button | Mar 6, 2018 23:32
    Cohn out, USD Tumbles, Futures Shaken Chart Equity index futures are down sharply (S&P minis -33 pts or -1...2%) after the announced resignation of White House top economic advisor Gary....Cohn's sharp disagreement with Trump's trade war approach is widely....A new Premium trade has been issued earlier today...There are 10 Premium trades in progress; 8 in the green, 1 flat and 1 at a loss...The twists and turns of tariff talk gave the loonie some relief on Tuesday...Trump tied them to a new NAFTA deal and, at the same time, Congress and....USD/CAD touched just above 1...3000 before sinking down to 1...2875...The drop erases Monday's gain and leave some uncertainty about a break....That's likely to be resolved with the Bank of Canada rate decision on....The OIS market is pricing in a 13% chance of a hike but even that number is....The latest round of economic data in Canada sharply deteriorated and that'....The previous BOC statement included the line "recent data have been strong&....Guidance, however, is likely to remain largely intact so the risks to the....That said, the BOC certainly has a flair for the dramatic and officials will....The bigger current question for the loonie is about the uncertainty between....It's unclear if the White House will give Mexico and Canada a waiver while....If not, that would provoke a kneejerk lower in CAD and MXN...One indicator that can't be overlooked on Wednesday is trade data....We've written recently about the rising US trade deficit and....The US trade deficit is expected at $55 billion per month in January.
  • Intraday Market Thought: Video ECB Review, NFP Preview

    by Ashraf Laidi | Mar 8, 2018 19:13
    Video ECB Review, NFP Preview Chart What to make of EURUSD's moves and what to watch out for in Friday's US....My full video for GKFX.
  • Intraday Market Thought: Trade Time-bomb: The 4 Key Events

    by Ashraf Laidi | Mar 16, 2018 18:24
    Trade Time-bomb: The 4 Key Events Chart The Fed is next week...But here's a look at 4 key upcoming events concerning Trump's imposition....Full analysis.
  • Intraday Market Thought: Finding the Bank of Canada Bias

    by Adam Button | Apr 18, 2018 10:17
    Finding the Bank of Canada Bias Chart Today's Bank of Canada decision on interest rates (10:00 Eastern, 15:00....The loonie was the top performer Tuesday in anticipation of a hawkish move while....The latest video for Premium subscribers below highlights this week's trade....The loonie has been the hottest currency this month as NAFTA negotiations....The latest Canadian inflation and jobs numbers were good but other data has....In addition, the BOC is inclined to play it safe on NAFTA until the smoke clears...That leaves the market pricing in about an 18% chance of a hike, which is....In his most-recent comments a month ago, Poloz said the BOC was obliged to....That indicates he wants to wait and see before making any decisions...Yet, the timetable may have been moved up by last week's BOC business....It showed far more firms expecting price hikes in the year ahead along with a....Assuming rates are left unchanged, the first thing to look for is the central....This will shape up market's pricing for the June meeting...That's when the market is evenly split in the hike/no hike camps...So the BOC is left with the decision to wait and see if its upbeat predictions....Sound familiar? That's the predicament that virtually every major....At the moment, most are in the 'hike now' camp but economic data this..
  • Intraday Market Thought: Carney Cuts Cable

    by Ashraf Laidi | Apr 20, 2018 14:18
    Carney Cuts Cable  Chart The British pound sustains its biggest weekly decline in over four months after....Is the BoE the latest central bank to panic over the rapid appreciation in its..
  • Intraday Market Thought: 3% Pulls Dollar Higher

    by Adam Button | Apr 24, 2018 0:51
    3% Pulls Dollar Higher Chart Bonds remained the dominant driver on Monday as US 10-year yields close in on....The US dollar led the way while the yen lagged...Australian CPI is due up next...Below is the video for Premium subscribers clarifying Ashraf's take....إلى أين قمم الدولار ؟ (فيديو للمشتركين)....The US 10-year on-the-run note rose as high as 2...9957% on Monday in a 2 basis point rise...It's a fresh high this year but all the focus is on 3%, which may spark some....It's an arbitrary number but the underlying theme is a Fed that's....Another level to watch is 3...22% in 30-year bonds...That level was the top in 2016, 2017 and earlier this year...The dollar was helped along by several economic releases...The Markit services PMI was at 54...4 vs 54...1...The manufacturing PMI was at 56...5 vs 55...2 expected and existing home sales rose to 5...60m vs 5...55m expected...Cable fell back below 1...40 in the fifth day of sharp declines on a BOE re-think...Adding to the woes is Theresa May's sudden inability to get legislation....nbsp;....Looking ahead, the focus will shift to the Australian dollar with Q1 CPI data....It's a critical report that's expected to show inflation rise by 0...5% in the quarter, a slight deceleration from 0...6% in Q1...That's in contrast to the trimmed mean, which is forecast to accelerate to....5% from 0...4% q/q.
  • Intraday Market Thought: Ashraf at Old Trafford Saturday

    by Ashraf Laidi | May 11, 2018 10:30
    Ashraf at Old Trafford Saturday Chart Don't forget tomorrow's once in a lifetime opportunity to attend Ashraf&....nbsp; Full details.
  • Intraday Market Thought: Retail Sales Questions ahead of Powell

    by Adam Button | Jul 16, 2018 23:02
    Retail Sales Questions ahead of Powell Chart Some key metrics on US retail sales were soft Monday but revisions helped to....The Swiss franc was the top performer while the Australian dollar lagged...New Zealand CPI is up next...A new Premium trade in CHF has been issued ahead of tomorrow's....The Premium video on today's new trade and existing trades is found below...US retail sales matched the +0...5% consensus expectation in June but with May's revision to +1...3% from +0...8%, the overall tone of the report was stronger...The effect was less-pronounced once volatile categories like autos, gas and....Can the true health of the US consumer be assessed via volatile items? And will....Cable climbed as high as 1...3295 before backing off to 1...3230...Part of GBP weakness was due to uncertainty about May's government....She remains in an extremely precarious, almost impossible position and it would....It's also not entirely clear what would be the reaction if she were forced....Initially there would be turmoil and GBP selling but others might see it as a....Ultimately, it's tough to see any future where both Brexit sides call a....The big move in financial markets in the past week has been oil and that....Key levels from the recent run-up have been broken and the 61...8% retracement of the June-July rally is now hanging by a thread...Interestingly, USD/CAD finished lower despite the drop in oil price...If crude continues to fall, that surely won't last...Looking ahead, New Zealand CPI is due up at 2245 GMT and expected up a modest 1...6% y/y...Later, sterling will be back in focus with jobs data at 0830 GMT.
  • Intraday Market Thought: Trump Weighs in on GDP Figures

    by Adam Button | Jul 24, 2018 15:13
    Trump Weighs in on GDP Figures  Chart All currencies are up against the US dollar except for the Swiss franc...G20 leaders refrained from any drama over the weekend but highlighted growing....2 days before the ECB press conference and 3 days before the advanced Q2 GDP....Trump weighs in ahead of GDP Data....Aside from Trump's threatening comments towards his Iranian counterpart....8%, compared to consensus estimates of 4...2% and Q1's 2...1%....While this should add a new dimension to the expectations parameters, FX traders....20 resistance on USDX and 1...1550 support in EURUSD...The weekend featured the G20 meeting in Argentina and it featured the usual....They called for better communication, in part to enhance confidence...That's undoubtedly a swipe at the White House but it's not the kind of....His ministers, however, were making some peace...At the G20, Canadian and Mexican finance ministers had optimistic comments on....Cable continues to be in focus after racing higher Friday from a 10-month low...Over the weekend, the EU rejected the UK's financial services plan...New UK Brexit negotiator Raab also said the UK wouldn't pay the divorce bill....CFTC Commitments of Traders....Speculative net futures trader positions as of the close on Tuesday...Net short denoted by - long by....EUR +21K vs +24K prior...GBP -38K vs -40K prior...JPY -59K vs -40K prior...CAD -47K vs -53K prior...CHF -42K vs -40K prior...AUD -41K vs -41K prior...NZD -25K vs -27K prior....After a few weeks of big moves, the action was a bit more subdued except for....Shorts piled in as USD/JPY appeared to break out but Trump ensued all the new....Also consider rumours that the BoJ will terminate or rethink its QE policy as..