AUD is arguably the premier risk currency and remains offered this week for a host of reasons. Worsening sentiment in China and Asia has contributed to a re-rating in the global growth outlook. A national lockdown, in a seemingly never-ending …
Tomorrow’s RBNZ meeting was always going to be a seminal risk event in many ways. Markets had fully priced in the first 25bp interest rate rise by a major central bank in the developed world since the start of the …
We have a plethora of UK data this week, as is always the case in the middle part of the month. Jobs, inflation, and retail sales are released from tomorrow which will all help or hinder the BoE’s recent optimistic …
A crossover occurs when a shorter time period simple moving average (ie a faster SMA) crosses a longer-period simple moving average (ie a slower SMA). This could signal that the trend is about to change soon. The most well-known crossovers …
The rejection of key levels in some of the majors points to more choppy trading in the dollar, albeit with a bullish tilt with the Fed in potential taper mode. But one of the more notable moves in these summer …
We get the release of second quarter UK GDP tomorrow. Although backward looking in nature and often deemed as “stale”, June data will give us an early indication of whether the spread of the Delta variant has held back the …
After two back-to back bumper NFP reports, it’s the turn of the other part of the Fed’s mandate – inflation – to occupy our minds next. Will the July US CPI data be cresting and show signs of easing? Or …
AUD has been driven in the last few weeks by falling iron ore prices and the spread of the Delta variant in Asia seeing a growing number of lockdown cities in China. That country is now also no longer the …
NFP to guide the Fed The first Friday of the month means the release of the all-important US non-farm payrolls report. Bloomberg consensus for the headline number now sits at 858k from 925k at the start of the week. This …
AUD/CAD downtrend moderates Since topping out in late February just below the key psychological 1.00 level, AUD/CAD fell in a bearish channel. The pair then tracked sideways in a range between 0.9260 and 0.9380, more or less, since mid-May until …
