Sam_Eder

Sam_Eder

GBPJPY is our vehicle of choice for playing (the reaction to) the UK CPI data today. We expect a decent number which may not be totally discounted by the market.

Sam_Eder

DXY remains in the broader uptrend, supported by 92.50s. However, the performance has been mixed since our last update. Ahead of FOMC, the Dollar seems poised for an upwards breakout but we do need to wait for FOMC before stepping in.

Sam_Eder

After the key resistance held, GBP has broken back below it's retracement trendline and is headed lower. However, with key Employment Data later, and the Brexit Bill vote to be held between today and tomorrow, expect the Pound to remain volatile.

Sam_Eder

Risk appetite is still sound today, after the Trump/Kim meeting ended on a positive note. History is being made. Long bias remains on Dow, key support highlighted.

Sam_Eder

Iraq's Oil Minister gave Crude a boost yesterday. With a close above 66.00, Crude looks poised for further gains.

Sam_Eder

A good example of classic Market Type transitions on the SP500. We have just broken into a new bull market type, so shorts beware!

Sam_Eder

Italian politicians are attempting to calm the markets. Today this seems to be working, and driving risk-on. Eyes on the key levels.

Sam_Eder

The markets are expecting a hawkish hold from the ECB this week. We might get a "buy the rumour/sell the fact" kind of play ahead of the meeting.

Sam_Eder

Ahead of key market moving events this week, participants are buying risk. While this may change, the current line of least resistance is up.

Sam_Eder

Cad employment is due in 10 mins, with the market expecting +15K vs -1.1K previous. Clients have been alerted to the NewsFlow trade potential.

Sam_Eder

Our thoughts on GBP ahead of next week's Brexit Bill amendment vote. Caution is advised.

Sam_Eder

AUDJPY has reached our 1st Target at 83.00 on continued risk-aversion this morning. Short-term agendas will be protecting profits, but there is no sign of exhaustion yet.

Sam_Eder

Pre-G7 jitters are starting to drag Jpy crosses and equities lower. With no sign that the deterioration is ending, the outlook for Friday is bearish on the Dax.

Sam_Eder

Markets are preparing for a tough G7 meeting since Trump has been tweeting against the US's former allies (Canada, Europe, the World...). Trump will also be leaving the G7 early (goes to show how much of a negotiator he is). Jpy crosses and equities are weak going into the Eurex Open. We suspect further losses are possible.

Sam_Eder

Ahead of the G7 meeting (which is shaping up to be confrontational) traders seem to have reduced longs on equities and there is a tad of risk aversion creeping into the market as Jpy crosses are lower as well. From a technical perspective, 7220s/previous key high have been rejected. Tomorrow we may see some counter-trend possibilities.

Sam_Eder

After another negative close, stops can be trailed to 93.00 looking for 90.00 as a first target. Keep an eye on the Italian political agenda and on risk aversion which seems to be creeping in.

Sam_Eder

Financial markets are in risk-on mode with both US and Asian equity markets advancing. This positive sentiment might be dented into the weekend by the G7 meeting (where Trump's trade policies will likely be debated), but for now, all is well.

Sam_Eder

The market is turning bullish on the Euro after some ECB members have said that next week's meeting might deliver details on the end of QE. Europe wants higher interest rates in order to block capital from fleeing the area. Next week's ECB meeting will be influential.