It’s been a dark session and Asia is getting savaged in response. Equity shorts are sitting pretty though and there’s two US data points that have jumped out and that speak to the heart of Read more…
Daily Pivots: (S1) 129.79; (P) 130.04; (R1) 130.38; More… USD/JPY is still staying in range below 131.24 and intraday bias remains neutral. Also, near term outlook stays bullish with 126.91 support intact and further rally Read more…
Dollar is back in control as markets turned back into risk-off mode, just a day after the rallies triggered by Fed Chair Jerome Powell’s comments. Investors are apparently not too convinced by the ruling out Read more…
Focus will turn to US non-farm payroll report today. Markets are expecting 400k job growth in April. Unemployment rate is expected to be unchanged at 3.6%. Average hourly earnings is expected to stay strong at Read more…
Bitcoin continued to gyrate lower this week and accelerated to as low as 35565 overnight. The move came with broad based risk-off selling in the US markets. Technically, the fall is seen as continuation of Read more…
In the Statement on Monetary Policy, RBA reiterated that a further lift in interest rates is required over the period ahead. Also, the Board will continue to closely monitor the incoming information and evolving balance Read more…
The leading indicators point to slightly below-expectation reading in this month’s NFP report…see what they’re saying and possible ways to trade it! NFP insight Fed Chairman Jerome Powell succinctly summed up the state of the Read more…
Key insights from the week that was. Three key developed market central banks met this week. All raised rates and, to varying degrees, highlighted the risks pertaining to inflation. In Australia, the RBA surprised the Read more…
The lockdowns in China have led to weaker manufacturing and services data. Is this just the beginning or is there more to come? Before China left for the long holiday, Caixin released its Manufacturing PMI Read more…
On May 4, the US Federal Reserve revealed the federal funds rate for the next two months. Even though a 50 basis points hike was widely expected, the future is not so clear. Let’s figure Read more…