MonsunAsia

MonsunAsia Updated 

USD - Weak Bullish 1️⃣ The US Empire State Manufacturing Index jumped to 30.9 against market expectations of 22.1. 2️⃣ Better-than-expected U.S. retail sales data provided support to the U.S. dollar and boosted investor optimism about the Fed’s earlier policy tightening. CAD - Strong Bearish 1️⃣ The fall in crude oil prices pushed the CAD to decline...

MonsunAsia Updated 

GBP - Strong Bearish 1️⃣ The Bank of England kept its interest rates unchanged in its November meeting, compared to market expectations for a 15 basis point rise. 2️⃣ According to an RTE report on Thursday, the European Union considers the United Kingdom’s objectives on the Northern Ireland Protocol unattainable due to significant differences compared to the...

MonsunAsia Updated 

EURO - Weak Bullish 1️⃣ Sentix Investor Confidence showed an increase of 1.4 to 18.3 in November, compared to market expectations of 15.5. 2️⃣ ZEW Economic Sentiment for the Eurozone rose to 25.9 in November, from 21.0 in the previous month. CHF - Strong Bearish 1️⃣ Investors are seen to be cautious when the value of EUR/CHF is under SNB...

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AUD - Weak Bearish 1️⃣ The RBA maintained interest rates at 0.10% and continued its asset purchase program of AUD 4 billion a week. 2️⃣ Australian jobs data is expected to weaken in October due to a fall in the manufacturing and services PMI. 3️⃣ The debt crisis of Chinese real estate companies resurfaced after Kaisa Group Holdings Ltd. and its Hong Kong-listed...

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GBP - Strong Bearish 1️⃣ The Bank of England kept its interest rates unchanged in its November meeting, compared to market expectations for a 15 basis point hike. 2️⃣ Brexit concerns resurfaced when there was a threat that UK Brexit negotiator David Frost might trigger Article 16 (Northern Ireland Protocol). 3️⃣ UK GDP is expected to shrink in the third quarter...

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GBP - Strong Bearish 1️⃣ The Bank of England kept its interest rates unchanged in its November meeting, compared to market expectations for a 15 basis point hike. 2️⃣ Brexit concerns resurfaced when there was a threat that UK Brexit negotiator David Frost might trigger Article 16 (Northern Ireland Protocol). 3️⃣ UK GDP is expected to shrink in the third quarter...

MonsunAsia Updated 

AUD - Strong Bearish 1️⃣ Negative market sentiment generally weighs on high-beta currencies such as AUD, NZD, and CAD. 2️⃣ AUD is also under pressure amid falling commodity prices such as iron ore, copper, and steel. 3️⃣ Australia’s annual inflation rate fell to 3.0% in the third quarter from 3.8% in the previous period. JPY - Strong Bullish 1️⃣ The decline in...

MonsunAsia Updated 

AUD - Strong Bullish 1️⃣ The risk-on market environment supports the AUD. 2️⃣ Rising iron ore prices in China have also been one of the main catalysts in AUD strength. 3️⃣ Investors also welcomed the resumption of U.S.-China talks, after U.S. Treasury Secretary Janet Yellen and Chinese Vice Prime Minister Liu He discussed macroeconomic and financial developments...

MonsunAsia Updated 

NZD - Weak Bullish 1️⃣ The market expects that the RBNZ will raise its interest rate by 50 basis points at its November meeting after inflation figures for the 3rd quarter came in stronger than market and previous expectations. 2️⃣ The risk-on tone in the market supports the strength of the NZD. CHF - Strong Bearish 1️⃣ A positive market environment causes...

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GBP - Strong Bullish 1️⃣ BoE Governor Andrew Bailey said that the central bank needs to act not as quickly as possible amid increased risks to medium-term inflation expectations. 2️⃣ Investors are now predicting that the BOE will raise interest rates by 25 basis points in the next meeting with a probability of 62%. USD - Weak Bearish 1️⃣ The U.S. dollar lost...

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EURO - Weak Bearish 1️⃣ Lack of raw material supply in the European Zone could cause disruption to economic recovery. 2️⃣ Germany’s IFO Business Climate declined to 97.7 in October, the lowest level since April 2021, lower than market expectations of 97.9. 3️⃣ The ECB is expected to maintain its dovish stance in its October meeting, but investors will be...

MonsunAsia Updated 

GBP - Strong Bearish 1️⃣ The annual inflation rate in the UK dropped to 3.1% in September from 3.2% in the previous month, and lower than market forecasts. The decline in inflation could stop the BOE from raising interest rates this November. 2️⃣ The UK recorded a total of 38,740 cases of COVID-19 infection on Monday. 3️⃣ The Pound is pressed amid new discussions...

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Reason, entry, and exit as mentioned during the live session.

MonsunAsia Updated 

USD - Weak Bearish 1️⃣ Rising global market sentiment that prompted investors to exit safe-haven currencies such as the USD despite 10-year Treasury yields being at a 4-month high. CAD - Weak Bullish 1️⃣ CAD remains supported by an increase in WTI crude oil prices. 2️⃣ The economy in Canada added as many as 157K jobs in September, easily beating market...

MonsunAsia Updated 

CAD - Weak Bullish 1️⃣ CAD remains supported by an increase in WTI crude oil prices. 2️⃣ The economy in Canada added as many as 157K jobs in September, easily beating market expectations for 65K growth. Meanwhile, the unemployment rate fell to 6.9% from 7.1% in the previous month, in line with market forecasts. 3️⃣ The inflation rate for September is projected to...

MonsunAsia Updated 

AUD - Strong Bullish 1️⃣ The RBA noted that the Australian economy is expected to do better in the fourth quarter, adding that the country will be in pre-Delta in the second half of 2022. 2️⃣ Positive market sentiment can support the strength of high-beta currencies such as AUD, NZD & CAD. CHF - Weak Bearish 1️⃣ The price value on EUR/CHF is currently under SNB...

MonsunAsia Updated 

GBP - Strong Bullish 1️⃣ BOE official Michael Saunders says investors are entitled to place expectations on faster borrowing costs, while Governor Andrew Bailey warns that inflationary pressures are very worrying unless policymakers take action. 2️⃣ According to a Sky News report on Tuesday, UK Prime Minister Boris Johnson revealed as much as GBP 9.7 billion of...

MonsunAsia Updated 

🇺🇸 USD - Weak Bullish 1️⃣ Rebound in yields after a firmer than expected Retail Sales supported rate hike bets. 🇪🇺 EURO - Strong Bearish 1️⃣ The EUR remained under pressure following weak economic data in the region. 2️⃣ European Central Bank (ECB) Governing Council member and French Bank chief Francois Villeroy de Galhau said he was confident inflation would...