AUD/JPY is often viewed as the best risk barometer for FX and the key metric to gauge broader risk sentiment. With risky assets enjoying the bump from a cautious and more balanced Fed Chair speech last week, this currency pair …
Overnight, we get the release of the Aussie Q2 GDP print. With today’s net exports disappointing and a worse result than the first quarter, analysts have been downgrading their growth forecasts from the prior consensus estimate of 0.5%. Snap lockdowns …
After major risk events, it always pays to step back and look at longer timeframe charts to see how meaningful price action is and where prices could head over the long-term. Using timeframe analysis also then potentially shows us more …
The waiting is nearly over as we get Fed Chair Powell’s keynote Jackson Hole speech later today, scheduled for 15.00BST. Much has been written and discussed as it is a conference that has history for major policy shifts. The change …
The majors are more or less confined to recent ranges with broad measures of FX volatility muted. The risk rally is pausing today as the expectation that Chair Powell adopts a more cautious tone tomorrow due to the Delta variant …
NZD/CHF now mid-range We highlighted the crossover of the 50-day and 200-day SMA a few weeks ago which signalled lower prices were coming. NZD/CHF had just pushed through the topside of the long held descending channel, but this proved to …
Risk on is still holding up which means oil is enjoying a second day of gains after yesterday’s 5.5% jump, the biggest one-day move in five months. With Goldman Sachs continuing to call for $80 Brent crude by year end, …
While safe haven currencies were the top performers last week, EUR held up next best as investors sought some stability. But the move is not on the back of any positive reassessment of the Eurozone economy and may not be …
We finish a turbulent few days with a look at GBP pairs after the UK data dump this week. Sterling has suffered and is now on a 1.7% decline amid widespread losses versus the greenback. In fact, yesterday’s daily loss …
A sea of red in equity markets has given a risk-off bid to safe haven assets. While high beta currencies continue to sink, dollar strength is in full effect even if some were disappointed by the less hawkish-than-hoped FOMC minutes …
