While there’s much talk of low volatility in FX and stock markets with measures of price movement (Implied Volatility) back below pre-Covid levels, two CHF pairs are moving today. EUR/CHF breaking down EUR/CHF has been stuck in two sideways ranges …
While there is some concern over a possible postponement of the UK’s scheduled June 21 full reopening day, the market doesn’t appear to be that fussed with sterling pretty flat versus the euro today. Politicians are giving themselves as much …
The NFP headline print disappointed those hoping last month’s number was an anomaly with revisions to April’s figure meagre as well. The net 559k jobs added missed expectations of 665k and the whisper number of 790k. In total, there are …
USD/JPY pointing higher Most research tells us that USD/JPY is the most volatile major immediately after the non-farm payrolls report. This volatility lasts the most up to four hours after the release with a negative surprise triggering a bigger market …
CAD/JPY bullish consolidation As commodities resume their strong uptrend while US stocks which have a decent correlation to the CAD linger at their highs, CAD/JPY has also paused at its peak. After busting higher above the mid-May resistance at 90.74 …
We wrote last week about the monthly OPEC+ meeting today as the cartel will decide on whether to hike output again. With the global recovery widely expected to gather more pace through the summer, the US Memorial holiday traditionally kicks …
There’s not a lot expected from the RBA meeting overnight as the bank keep its policy measures unchanged. Frist quarter GDP figures get released on Wednesday but we’ve haven’t received much data since the last policy meeting at the start …
Next Tuesday’s OPEC+ meeting is a big one for oil watchers as the cartel should decide if they are going to stick to their commitment of increasing output in June by 700million barrels per day and then by an additional …
With just two exceptions, we have to go back to 1975 to find a quieter month for USD/JPY. US yields have been quiet and rangebound, which have historically been a driver of this pair and there’s been low volatility across …
The RBNZ meeting overnight provided us with a hawkish surprise, as we hinted at yesterday. New forecasts show a rate hike is being signalled in the second half of next year, though Governor Orr stressed these are highly conditional on …
