The yen has suffered massively over the last few days, especially against commodity-related currencies. The sell-off in US Treasuries has seen bond yields surge north, although they have dropped back more recently. With “team transitory” close to raising the white …
We wrote at the end of last month about “King Dollar” and the numerous reasons, both fundamental and technical, as to why we should see more upside. The breakout in bond yields due to rising prices and the energy crisis …
EUR/CHF into 1.07 support zone We’ve written before about the SNB potential “line in the sand” for EUR/CHF at 1.07 and we are hovering just above it at present. This appears to be the level where the central bank has …
It’s bumper employment data day today across the pond as we get NFP as well as the Canada employment numbers. One report could quite easily cancel the other out when trading USD/CAD but expect volatility in the event of data …
GBP/USD retraces back to support/resistance zone Sterling has made a decent comeback after the steep selloff last week. Two sharp days of selling saw the pair break down through the August low at 1.3602 and then the July low at …
EUR/USD sinks to new multi-month lows and oversold territory The world’s most popular currency pair made a new 2021 low today and hit its lowest level since July last year at 1.1529. Having consolidated around 1.17 recently, the last two …
The RBNZ is set to be the second major central bank to hike rates in this pandemic-recovery cycle. The market is pricing in over an 80% chance of a 25bp rate rise at its meeting overnight. The surprise hold in …
We shouldn’t expect any fireworks from the RBA at their overnight meeting, after they effectively froze their policy measures until February next year at the last rendezvous. The cash rate remains at 0.10% and the bank confirmed the reduction in …
The loonie has held up relatively well this week primarily due to stronger oil prices. After dipping yesterday, WTI has picked up again today as traders look to recent highs at $76.65 ahead of the July top at $76.95. Much …
Although some commentators are warning that the big moves in the dollar this week have been driven by quarter-end institutional and corporate flows, there are plenty of reasons why “king dollar” headlines have reappeared. The Fed’s hawkish turn last week …
