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Results: 951 to 960 of 1,000
Results: 951 to 960 of 1,000
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Intraday Market Thought: The Great Commodity Divide
by Adam Button | Jan 14, 2016 23:39
The global economy has been divided along emerging and developed market....Now there is a line and offers a clearer way to view what's underway in 2016...There are currently 5 trades open in the Premium Insights, 3 of which are GBP....More equity indices trades will be included next week, tactically leading....The inclination is to blame the United States, the Eurozone or China for any....Alternatively, 'emerging markets' often get the blame...The market driver at the moment is none of them, nor is it Japan...It's commodities...The four largest economies are facing various challenges and slowing growth....The divide that matters in the global economy right now is 'commodity....Any single commodity exporter is a small factor in the global economy...The largest is Brazil and its economy is just a quarter the size of China...Add in fellow exporters like Canada, Australia, Mexico, Indonesia and Saudi....Include other exporters in Africa, the Middle East and Latin America and they....The commodity crash is hitting all those countries hard along with the multitude....The sensitivity is high at the moment...The Canadian dollar was down for a record tenth consecutive day on Thursday...Even in a situation like an oil rout and a central bank that could surprise with....On Thursday sentiment staged a recovery and in a rare divergence, the Australian....The flipside of the commodity crash is that the commodity consuming countries....At the moment, the rapid change is causing dislocations but as it unfolds..
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Intraday Market Thought: Do You Believe in Yellen?
by Adam Button | Feb 11, 2016 0:11
Market reactions depend less on the hawkish/dovish inclinations of central....The yen was the top performer as USD/JPY fell to 113...10; the Canadian dollar lagged...Expect quiet trading in Asia with China and Japan both on holiday...A new Premium trade has been issued ahead of Friday's RBA testimony and....Currently sitting on 240 pip gain on the Premium trade issued Monday, which may....SMS/email will be sent to subscribers if/when closed...Stay tuned...There is no doubt that the past six months have been a damaging time for....A virtually unanimous chorus of monetary policy leaders proclaimed a brighter....It culminated in the Federal Reserve hiking rates and hinting at four more....The Fed didn't see trouble coming and its inability to identify problems....A doctor can't cure a patient if he can't diagnose the problem...Even worse if he doesn't recognize a problem at all...The first day of Yellen's two-day Congressional testimony showed a....The dollar first rallied when she was less dovish than market watchers....That's the normal reaction...But later the dollar dropped sharply as Yellen expressed a dogmatic attachment....The shift in market psychology makes sense...Fed funds futures are no longer pricing in Fed rate hikes in 2016...Before any central bank hikes, it will need to re-establish market confidence...The inability of officials to get a firm handle on the commodity crisis is what&....It's also adding currency volatility and shaking out US dollar longs...Until something changes, the trade remains the same.
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Intraday Market Thought: Euro Bull-Bear Division
by Ashraf Laidi | Feb 15, 2016 23:59
Mario Draghi had no choice but to signal the willingness for the ECB “....Draghi's dovish spin was inevitable due to two reasons: Shares of Eurozone....So Draghi had to give the equivalent of a dovish overture to the markets and....Fed Chair Yellen also took a dovish stance at last week's Congressional....nbsp;....So where does this leave us in the policy divergence paradigm of “Fed....Euro bulls/USD bears claim are backed by the notion that the single currency is....They add that FX traders have not completely priced the rising market....On the other hand, euro pessimists/USD bulls counter that further negative....And even if the Fed ends up doing nothing, further ECB action on QE and/or....Both camps make sense...This week's release of the minutes from the January 26-27 FOMC and of the....In our Premium Insights, a new EURUSD trade has been issued, backed by....To help subscribers better grasp the rationale of our conclusion, we asked....The full trade is here...nbsp;..
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Intraday Market Thought: Britain Leaves, Pound Drops, Cameron Quits
by Ashraf Laidi | Jun 24, 2016 9:34
The UK voted to exit the European Union by 52%-28% or a difference of 1,269,501....PM Cameron announced his resignation, which will likely materialize in October,....nbsp;Sterling fell 10% to its lowest level since September 1985, the FTSE....5%....S&P was the first credit agency to warn of a possible downgrade of the UK&....Gold finally broke out of its 5-year trendline resistance to hit a new 2-year....Now that the UK's trade agreements with the rest of the world under the EU....With regards to the myth that Britain could easily strike deals by World Trade....And to address that common misconceptio; Europe does not need Britain more than....45% of British exports go to the EU while only 6% of EU goods go to Britain...Guess who needs whom? ....Finally, do you think non-EU nations such as China, Korea or Brazil would....Carry on with the wrong facts at your own risk.
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Intraday Market Thought: Will the RBA Cut?
by Ashraf Laidi | Aug 1, 2016 22:06
Tonight's RBA decision (00:30 Eastern Time, 05:30 British Summer Time)....50%, whereas 80% of the 25 economists/strategists polled by Bloomberg expect....Divergences between economists and the market are not new...Aussie macro figures have been mixed as of late, but the more important CPI....There are two main reasons for an RBA rate cut: 1) Preventing excessive AUD....Thus, an RBA hold on rates would flash the green light for the AUD to rally....0% y/y from 1...3% y/y to reach its lowest level on record...nbsp; Aussie unemployment rate is near a 3-year low of 5...8% but new job creation has fallen to under 8K, below the 3-month moving....The minutes of last month's RBA meeting sounded a dovish note on....But the relative stabilisation Chinese macro data as well as eroding chances of....AUD is up 4% on a trade-weighted index from its May lows, but is only down 3%....Earlier today, I issued a tactical AUD Premium trade to hedge against an....Taking into consideration the evolving inter-market landscape, it is important....In addition to the trade and charts, trades and charts ahead of the week'..
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Intraday Market Thought: Central Banking in a Black Hole
by Adam Button | Aug 25, 2016 23:18
At some point on Friday, the 'Summer Doldrums' will come to an end as....The waiting game was in fashion Thursday as markets traded in tight ranges and....Japanese CPI is due up ahead of Jackson Hole...There are 9 Premium trades currently in progress, 2 metals, 2 indices and 5 in....In the small picture, the market moves will centre around signals from Yellen....The market is pricing in a 32% chance of a move in Sept and 57% chance in....That looks high to us but the durable goods report on Thursday added some....In it, the key non-defense ex-air orders metric rose 1...6% compared to the 0...2% consensus...In the big picture, the noose is tightening around the Fed...On Wednesday it was former Fed governor Warsh ripping into the Fed for a lack of....Thursday it was Hilsenrath shedding light on the failures of the Fed and....The criticism is seeming coming from all corners and Yellen is surely feeling....It's not necessarily hawkish pressure either but frustration at the....That's the kind of thing that would make a Fed leader shy about sending....It's also likely to make the Fed deathly afraid of making a misstep...So while Yellen's words at Jackson Hole will be important, we're....A fearful Fed is one that will freeze...At the same time, we are keenly watching the mounting criticism and how it....That doesn't have any near term consequences but it has the power to....Ultimately, that probably means more dovish policies...Nowhere is that clearer than Japan where increasingly hopeless programs are....At 2330 GMT we get another look at the results with the July CPI report...The consensus estimate is that prices fell 0...4% y/y.
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Intraday Market Thought: Growth & Politics: Inseparable?
by Adam Button | Jan 3, 2017 23:54
The line in time between hope becoming reality is a blurry one but it's....The Australian dollar was the top performer in the first real trading day....Chinese sentiment data is due later as we continue to keep a close eye on....The big market moves since the US election are undoubtedly based on some....At some point, that hope will need to be replaced by actions and results...Early returns are good...Economic data has been strong and that continued Tuesday with US Nov....9% compared to the +0...5% consensus...The ISM manufacturing index also rose to 54...7 compared to 53...6 expected in another sign of a pickup...Hope itself can be self-sustaining to a point...It encourages optimism, confidence and risk taking; three things that are the....One of the quickest ways to undo that progress is political change doesn&....That could be because Congress and the White House isn't as united as they....Bets on a dysfunctional US political system for the past 10 years have been....Today was the first day of the new Congress and the first priority in the....That's a bizarre priority and the backlash went all the way to the top as....The changes were scrapped...In a sense, that's heartening but it's also a sign that Trump and....A big risk in the next four years is that the Republican party isn't as....Or maybe – as is usually the case – the shock that hits markets....That's why we're watching China so closely...The 50 year bond was halted limit down briefly yesterday and, as Ashraf....Up next we will watch the Westpac consumer sentiment data for China at....The prior reading was 114...9.
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Intraday Market Thought: The Pre-Brexit Sag
by Ashraf Laidi | Mar 7, 2017 23:51
Cable is down in 7 of the past 8 days as we count down to the Brexit trigger...AUD was the top performer on Tuesday while NZD lagged...Japanese trade and GDP data is due later, followed by Chinese trade balance...nbsp;The Gold Premium trade has finally been filled, joining silver and four....إلى أين ارتداد الدولار؟....فيديو للمشتركين فقط)....The pound has fallen more than 300 pips in the past week as the market stares....Parliament and the House of Lords are bickering over some of the final details....That's what's keeping pound buyers sidelined but like the Yellen....The last thing pound bulls want to see is disorganization in the government but....In economic news Tuesday, the US trade balance met expectations at a deficit of....5B in January...Trading was calm despite some volatility in commodities...The five-day drop in gold since the start of March has caught our attention....Oil tried the upside again but was beaten back after a +11 million barrel....The IEA also downwardly revised its demand forecast and Saudi Arabia said it....The focus will shift back to Asia now and China's National People's....A PBOC official there said one goal is for China to steadily grow and promote....We will get some insight into trade at approximately 0200 GMT when trade....Exports are expected up 12...3% y/y and imports up 20...0%....The other numbers we will be watching are from Japan where the final Q4 GDP....5% q/q annualized, up from 1...0%....That will be released alongside January trade balance and current account....nbsp;..
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Intraday Market Thought: Crowded in the Hawk’s Nest
by Adam Button | Jun 29, 2017 11:23
Carney and Poloz dropped fresh hawkish hints to spark big moves on Wednesday....The Canadian dollar was the top performer while the US dollar lagged...US jobless claims are next and their latest 4-week moving average is at 245K,....nbsp; The Premium GBPUSD long was closed for 205 pips, more importantly what'....الدولارواقتراب السياسات النقدية (للمشتركين فقط)....Central banks are on the march...On Tuesday Draghi sent the euro soaring more than 150 pips, then it was Carney....In a presentation, Carney said continue to send confusing signals...In last week's Mansion House speech he dampened hike talk but he rekindled....A bunch of conditions and qualifiers were attached but the market only....2972 before it got jittery ahead of the big figure and peeled back to 1...2925...At the same time, the ECB was trying unwind euro gains after yesterday's....He said some factors restraining inflation were likely temporary and that....Those gains were continuing Wednesday until two separate reports citing ECB....That sent the euro 75 pips lower in a flash but in a clear sign that sentient....1190 support held comfortably...On net, the ECB and BOE signals were subtle and may speak more to the market&....That's not the case with CAD...The market was dead wrong on the Canadian dollar and Poloz...A more than 60% chance of a July hike is now priced in and the BOC isn't....Poloz spoke to CNBC Europe and said lower interest rates “have done....That was in the context of the market already pricing in a high chance of a....You have to assume that Poloz knew the odds going in and would have dialed back....USD/CAD certainly noticed and tumbled to the lowest since February...It was helped along by another 1...5% gain in oil...In total, central banks are certainly feeling better about growth despite..
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Intraday Market Thought: What Happened to the Dollar
by Adam Button | Jul 27, 2017 8:55
The FOMC statement didn't offer much on Wednesday but it was enough to send&....Several major levels broke as the dollar plunged in the aftermath...We look at what's ahead...The USDX charts below are an update from our May 19th analog USDX chart...The US dollar moves in the aftermath of the FOMC statement look like the kind of....Tweaks to the statement included saying inflation was 'below' target....With regards to the inflation tweek, it remains to be seen whether the change....nbsp;....What's more important is what it didn't say...There were none of the hawkish or optimistic notes that many market....In a binary sense, this decision was either going to be neutral or more....It didn't come and the dollar fell by more than a cent...The move got a second wind on technicals as key levels broke...EUR/USD took out its August 2015 high of 1...1714, opening up a foray into the 2014/2015 the 1...20-1...27 zone...The 1...2461 low in USD/CAD gave way and the pair touched a two-year low...AUD/USD also hit a fresh cycle high and cable is just a few pips away from doing....The CFTC positioning data has repeatedly shown a bias to dollar longs but we'....Looking ahead, data comes back into focus...On Thursday, the volatile US durable goods orders are due, followed by Friday&....The Fed may have been given an early look at GDP and that could explain the....Beyond that the major numbers will be inflation, but July CPI isn't due....nbsp;..
