- Antipodeans with high beta are supported as China’s market rebounded. Domestic stimulus with lower taxes and liquidity injections attract funds into China’s market.
- Inflation rate in Canada fell to the lowest since October 2017.
- Dovish tone from Bank of Canada meeting.
- Dropped in IVEY PMI.
- Unemployment rate still in...
- Cautious statement from Bank of England and Brexit talks will be tougher in the next stage.
- Strong labor market sentiment in Australia. Also, Reserve Bank of Australia's December meeting showed policymakers expressed greater confidence about the economic outlook.
- IM SHORT AT FIBO RETRACEMENT 61.8% ON M15 CHART....
(Fundamental & sentiment)
Buy Aud :
Strong jobs data in Asian session today.
Cautious tone from Janet Yellen and no change in dot plot forecast for 2018. Also, core inflation drop from 0.2% to 0.1%.
Im long at breakout level on H1 chart. Resistance become support level.
Long USD ahead CPI data this week. Treasury yields rise on tax plan optimism, fading political uncertainty. Trump administration is now another step closer to an actual tax bill. Also, healthy labor market.
Expect risk appetite sentiment in London session amid positive equities market.
Technically, im long at lower bollinger band and fibo retracement 61.8% in...
- Stronger Eurozone PMIs and an uptick in the German IFO index. The latest comments from ECB officials were also relatively positive with Bundesbank President Weidmann saying the central bank’s growth outlook could be raised given strong data. He also expressed his skepticism over the need for QE.
- Eurozone CPI came in 1.5%, missed...
- FOMC minutes reflected growing doubts from most policymakers on inflation, dampening rate hike hopes for next year. Also, unclear decision about tax reform.
- Expect Yen got a bid due to uncertainties in US tax reform and OPEC decision this week.
- Im short at 61.8% fibo retracement M15 chart and support become...
(FUNDAMENTAL & SENTIMENT)
- RBA Governor Lowe stated that if the economy continues to improve as expected, it is more likely that the next move in interest rates will be up, rather than down.
- Spending is soft, dairy prices are falling and manufacturing and service sector activity slowed from the previous month.
-Im long at...
Fundamentally, im long GBP because there will be progress on Brexit talks this week. Prime Minister May is expected to officially increase Britain’s divorce payment. Also, UK Brexit Minister David Davis said that reaching a deal with the EU is the most likely and best outcome.
On CAD side, im short CAD due to weaker CPI data last week which could dampen BOC...
-Short NZD. Dropped in Business NZ PMI and PPI data. Expect risk off market today due to political uncertainties. Also, this week retail sales expected to weaker due to weaker credit card spending.
-Long JPY. Low yield currency will have demand in risk off sentiment.
- Im short on upper bollinger band on M15 chart.
The euro is down sharply, extending Wednesday’s slide and further losses could continue. There’s political risk in Germany as the German coalition struggling during their four-party talks.
Sterling is up thanks to stronger than expected retail sales
technically, im short at mid bollinger band on M15 chart.
- Risk off market expected today due to uncertainties in US tax reform and weaker oil prices will affect commodities currency.
- Risk off market due to US tax plans doubts and weaker oil prices due to IEA downgrading oil demand for 2017 and 2018
- Japan’s GDP price index y/y up by 0.1% as expected versus 0.4% decline in Q2...
- Hawkish statement from ECB member last week and European Commission upgraded its GDP and inflation forecast.
- Political concerns are undermining Euro as Catalan issue and Merkel's losing out on votes in Germany.
- Weaker average earning will impact on inflation data this week then will dampen the FED’s path for hike interest...
Short NZD ahead of RBNZ meeting tomorrow. Although labor market conditions improved and consumer prices ticked higher in the third quarter, retail sales, consumer confidence, business confidence, housing, manufacturing and service sector activity deteriorated since their last monetary policy meeting. When they last met, the RBNZ expressed concern about inflation...
(FUNDAMENTAL AND SENTIMENT)
- NFP data was a disappointment. Only increased by 261K, missing expectations for a 313K increase.
- Wage growth was a disappointment since it was 0.0% for October after rising by 0.5% previously.
- Weaker average earning will impact on inflation for US economy then will dampen the FED’s path for hike interest rate on...
Fundamental, ECB said if the outlook becomes less favourable, or if financial conditions become inconsistent with further progress towards a sustained adjustment in the path of inflation, the Governing Council stands ready to increase the APP in terms of size and/or duration. Draghi also said that the ECB opted to keep its easing bias because “of the fact that we...
Fundamentally, The BoC was widely expected to keep rates steady but some market participants were hoping for optimism. Instead they said they need to be “cautious with future rate increases.” While the BoC raised its 2017 and 2018 forecasts substantially and said less monetary stimulus will likely be required over time, investors zeroed in on their concerns about...
On a fundamental basis, the New Zealand dollar has recently fallen victim to election uncertainty, lower dairy prices and U.S. dollar strength. These issues will continue to plague the currency after the final votes are counted. The National Party led by Bill English lost 2 seats while the opposition Labour Party led by Jacinda Arden won 1. Both parties need to...
Im short Euro because some ECB officials expressed their cautious attitude towards monetary policy. ECB Sept meeting minutes released yesterday showed that the monetary policy should be highly accommodative under all scenarios. On JPY side, im expect some demand to low yield currency ahead of US employment data today.
Technically, im short at SBR...