thunderpips

thunderpips

NZD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the RBNZ At their Oct meeting, the RBNZ delivered on expectations to raise the OCR to 0.50%. As the hike was already fully priced, the lack of new hawkish tones we saw a textbook buy-the-rumour-sell-the-fact reaction in the NZD pushing lower. There was additional focus on the RBNZ expecting...

thunderpips

Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for buy.

thunderpips

NZD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the RBNZ At their Oct meeting, the RBNZ delivered on expectations to raise the OCR to 0.50%. As the hike was already fully priced, the lack of new hawkish tones we saw a textbook buy-the-rumour-sell-the-fact reaction in the NZD pushing lower. There was additional focus on the RBNZ expecting...

thunderpips

GBP FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BOE The Sep policy meeting from the BoE saw money markets rushing to price in a much faster and more aggressive policy path than previously expected. Even though this of course falls in line with our bullish bias for the Pound, we do think the market is a bit too aggressive too quick right...

thunderpips

NZD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the RBNZ At their Oct meeting, the RBNZ delivered on expectations to raise the OCR to 0.50%. As the hike was already fully priced, the lack of new hawkish tones we saw a textbook buy-the-rumour-sell-the-fact reaction in the NZD pushing lower. There was additional focus on the RBNZ expecting...

thunderpips

GBP FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BOE The Sep policy meeting from the BoE saw money markets rushing to price in a much faster and more aggressive policy path than previously expected. Even though this of course falls in line with our bullish bias for the Pound, we do think the market is a bit too aggressive too quick right...

thunderpips

USD FUNDAMENTAL BIAS: WEAK BULLISH 1. The Monetary Policy outlook for the FED More hawkish than expected sums up the Sep meeting. The FOMC gave the go ahead for a November tapering announcement as long as the economy develops as expected with their criteria for substantial further progress close to being met. The biggest hawkish tilt was the announcement about...

thunderpips

CAD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BoC At their September meeting the BoC delivered on market expectations by not providing any new information. The bank acknowledged the recent hit to growth has been bigger than expected, but also explained that they deem the hit to be temporary and still expect solid growth this year. They...

thunderpips

Safe-Havens / High Beta – Risk sensitive currencies slipped on Thursday, and the safe-havens were supported by concerns over rising inflation and less loose central bank policy. Oanda noted that “we’re seeing a little bit of a risk-off today and I think that’s being driven by concerns we’re getting closer to that Fed tapering announcement. Earnings season has...

thunderpips

Hi there. Pirce is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.

thunderpips

Hi there. Pirce is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.

thunderpips

USD – The dollar dipped on Wednesday as risk sentiment improved and as investors focused on rising commodity prices and when global central banks are likely to begin hiking interest rates to fend off persistently high inflation. GBP – Sterling traded near a one-month high on Wednesday after traders said a dip in September inflation was unlikely to stop the...

thunderpips

USD – The dollar dipped on Tuesday as the rapid rise in US Treasury yields paused, and other currencies were boosted by expectations of sooner-than previously interest rate hikes. However, Scotiabank argues weakness in USD was also due to technical factors: “The movement in rates hardly explains the extent of the USD drops. Rather, it seems USD long liquidation...

thunderpips

USD – The dollar gained slightly on Monday as Treasury yields rose on expectations the Federal Reserve will need to hike interest rates sooner than previously expected to quell rising price pressures. GBP – Sterling steadied near a 20-month high versus the euro on Monday after BoE Governor Bailey said that the central bank would have to act on the risk of...

thunderpips

HI there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for buy.

thunderpips

USD FUNDAMENTAL BIAS: WEAK BULLISH 1. The Monetary Policy outlook for the FED More hawkish than expected sums up the Sep meeting. The FOMC gave the go ahead for a November tapering announcement as long as the economy develops as expected with their criteria for substantial further progress close to being met. The biggest hawkish tilt was the announcement about...

thunderpips

NZD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the RBNZ At their October meeting, the RBNZ delivered on market expectations and raised the OCR by 25-basis points to an OCR of 0.50%. As the 25- basis point hike was already fully priced in, the fact that the bank did not provide any new additional information saw a textbook...

thunderpips

NZD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the RBNZ At their October meeting, the RBNZ delivered on market expectations and raised the OCR by 25-basis points to an OCR of 0.50%. As the 25- basis point hike was already fully priced in, the fact that the bank did not provide any new additional information saw a textbook...