Crude oil has been on a short term bull run from the lows at around 39.30 but let´s not forget that we are still inside a mid-long term bear market structure (blue channel) that price is testing at the moment. 42.78 is a previous high volume area where sellers are going to be placed and … “Short term rally on crude might be over”
Month: August 2016
New Zealand Dollar Attempts to Reverse Losses
The New Zealand dollar was moving lower at the start of the current trading session, but currently it has reversed its movement, trimming losses against some rivals (like the US dollar) and erasing them completely against others (like the Japanese yen). It is not surprising to see the kiwi weak, considering that traders are pricing in an interest rate cut from the Reserve Bank of New Zealand later this … “New Zealand Dollar Attempts to Reverse Losses”
Australian Dollar Undeterred by News from China
The trade balance report released from China was not particularly good. Yet this did not prevent the Australian dollar from rising, even though China is Australia’s biggest trading partner, thus news from the Asian country usually has a big influence on the Australian currency. China’s trade surplus swelled from $311 billion to $343 billion in July, exceeding analysts’ predictions by a wide margin. While the indicator … “Australian Dollar Undeterred by News from China”
Why We Remain Bullish on EUR and JPY? – Morgan Stanley
The US dollar has strengthened after the excellent jobs report. But can it continue? The team at Morgan Stanley has their doubts: Here is their view, courtesy of eFXnews: Markets are now questioning the effectiveness of monetary easing (rate cuts or QE) to be able to weaken currencies. In particular, JPY and EUR come to … “Why We Remain Bullish on EUR and JPY? – Morgan Stanley”
GBP: Underwhelming Response To Overwhelming Stimulus; What’s Next? –
The BOE offered a massive stimulus package, but the pound did not collapse. What’s next? Here is the view from CIBC: Here is their view, courtesy of eFXnews: A rate cut was expected, and some other measures were previously hinted at, but the £60bn in government bond purchases, £10bn in corporate bond buying and new Term … “GBP: Underwhelming Response To Overwhelming Stimulus; What’s Next? –”
The High Price Brokers Pay for Regulation
Once upon a time, there was a playground in which children played together without adult supervision. The playground was called the “financial trading market”. The kids played in two teams, the team of the traders and the team of the brokers. The kids from the two teams didn’t always get along, but if one hit … “The High Price Brokers Pay for Regulation”
The High Price Brokers Pay for Regulation
Once upon a time, there was a playground in which children played together without adult supervision. The playground was called the “financial trading market”. The kids played in two teams, the team of the traders and the team of the brokers. The kids from the two teams didn’t always get along, but if one hit … “The High Price Brokers Pay for Regulation”
Pound Suffers Weekly Losses as BoE Implements QE
The Great Britain pound dropped during the past trading week as the Bank of England moved forward with monetary stimulus, introducing substantial easing measures in hopes to help Britain’s economy to weather the impact of the Brexit. The BoE made a move during the week, announcing stimulating measures. This was not unexpected by markets. What was unexpected is the amount of stimulus introduced by the central bank (a 25 basis point cut in Bank Rate to 0.25%; … “Pound Suffers Weekly Losses as BoE Implements QE”
GBP/USD to fall off 1.30?
The BOE laid down its massive hand and walloped the pound. Is there room for more falls? Here are opinions from Citi and BNP Paribas: GBP/USD En-Route To Break Below 1.30 After BoE Clears High Bar – BNPP The Bank of England Monetary Policy Committee (BoE MPC) voted 9-0 to cut the base rate from 0.50% … “GBP/USD to fall off 1.30?”
Canadian Dollar Plunges as Employment Falls & Trade Deficit Grows
The Canadian dollar tumbled today after Canada’s employment fell unexpectedly and the trade balance deficit showed a surprise increase to a record high. Canadian employers reduced the number of available jobs by 31,200 in July. Forecasters were totally wrong with their promises of an increase by about 10,200. The unemployment rate rose from 6.8% to 6.9%, within expectations. Adding to the woes of the Canadian currency, Canada’s trade balance logged a record trade deficit of $3.6 … “Canadian Dollar Plunges as Employment Falls & Trade Deficit Grows”