Submitted Nov 12, 2019|From forex.com

Now the world’s most valuable precious metal, Palladium prices have continued to soar this year after surpassing gold’s value in March. Yet its bump at the highs suggests a much-needed correction is underway. High demand and low supply palladium has ...

Submitted Nov 6, 2019|From forex.com

November has been off to a much better start for USD than October ended. Add seasonality to the Mix and DXY could be in for a positive close this month. This ties in nicely with Tuesday’s analysis, which showed bearish engulfing candles tend to ...

Submitted Oct 19, 2019|From forex.com

Traders increased net-long exposure on USD by $2.1 billion to $20.4 billion, their most bullish stance in 17 weeks (up $2.1 billion to $23.3 billion against G10) • Large speculators flipped to net short on the Japanese yen • The largest weekly ...

Submitted Oct 17, 2019|From forex.com|1 comment

Whilst Bojo prepares for his showdown with parliament over the weekend, we look at implied volatility levels for Brexit-related markets. Given that there’s a wide expectation that parliament will reject the Brexit deal over the weekend, and prices ...

Submitted Sep 17, 2019|From forex.com

NZD crosses are falling in tandem which suggests broader weakness awaits. NZD/USD remains in a clear downtrend, and the retracement from the 0.6269 low appears to have had its day. The correction failed to retest the 38.2% Fibonacci level and, after ...

Submitted Aug 27, 2019|From forex.com|1 comment

Despite the nice downtrend on EUR/CHF, we urge caution amid signs of SNB's FX intervention. Focussing purely on the technicals, EUR/CHF has provided a decent bearish trend on the daily chart, having shed over -5.5% since its April high. The 20-day ...

Submitted Aug 21, 2019|From forex.com

Canada’s inflation surprised to the upside yesterday, providing CAD with a boost and further lowering expectations for a cut. At 2% it remains at their centre band of the 1-3% target and, so far, we’ve not seen the ‘inflationary dip’ outlined in ...

Submitted Jul 18, 2019|From forex.com

Dovish comments from Fed officials has put a 50bps cut in July back onto the table for markets, and markets were quick to respond. Fed’s William’s said current estimates of the US neutral interest rates are around 0.5% and, if inflation gets stuck ...

Submitted Jul 12, 2019|From forex.com|1 comment

Since breaking its bullish trendline last month, EUR/NZD has continued to develop its bearish structure. And with a lower and high in place, we suspect it could be ready for another bearish leg. We can see on the daily chart is closed firmly beneath ...

Submitted Jul 10, 2019|From forex.com

Bitcoin has broken out of compression in its usual style and closes in on the YTD highs (and potentially beyond). Since our prior analysis, Bitcoin has broken out of its triangle to the upside and confirmed an inverted head and shoulders pattern ...

Submitted Jul 7, 2019|From forex.com

Bitcoin prices are coiling within a tight range after seeing relatively high levels of volatility last week, suggesting it could be preparing for another volatile burst. We’ve paid close attention to the level of volatility on Bitcoin recently, as ...

Submitted Jul 4, 2019|From forex.com

Whilst volatility is generally expected to be lower on US Independence Day today, Bitcoin clearly has other plans after rallying 10% just after US markets closed. Let’s take a close look at this volatility. On the face of it, the daily chart appears ...

Submitted Jun 30, 2019|From forex.com

As of Tuesday 25th June: • Traders reduced net-long exposure to USD for a 4th consecutive week, shedding -$1.1 billion of long positions to $19.6k billion (23.3k billion against G10 currencies) • The Canadian dollar saw the largest weekly change, ...

Submitted Jun 27, 2019|From forex.com

Bitcoin has been grabbing the limelight once more as it breaks through key levels like a knife through butter. Bitcoin’s daily range exceeded 20%, a threshold which could be the difference between a bull or a bear market to other assets. With that ...

Submitted Jun 25, 2019|From forex.com

RBNZ held rates at record lows of 1.5%, opting not to play catch up with RBA’s 1.25%. Yet by reintroducing talk of a cut, they kept the door open easing in August. Traders had been expecting a stronger dovish tone to the statement, yet with them ...

Submitted Jun 25, 2019|From forex.com|1 comment

RBNZ hold their OCR meeting less than 24 hours away. Whilst we expect they’ll hold, we suspect they may introduce a dovish tone, given the apparent ‘race to the bottom’ seen among the Fed, ECB and RBA recently. Going into the meeting, NZD/USD ...

Submitted Jun 18, 2019|From forex.com

Reports that Trump and Xi are to meet at next week’s G20 meeting provided a welcome boost for sentiment, seeing USD/CNH fall to a 3-week low amid its most bearish session in two months. As per usual, Trump took to Twitter to announce he’s had a ...

Submitted Jun 16, 2019|From forex.com

Traders were net-long USD by $28.9 billion, down -$2.1 billion from the prior week ($32.1 billion against G10 currencies, down -$2.6 billion from the prior week). • Traders reduced bearish exposure on commodity currencies (AUD, CAD and NZD) • CHF ...

Submitted Jun 7, 2019|From forex.com|2 comments

A slight thaw in trade tensions and a minor rebound has seen the CAD strengthen, yet with several crosses pointing to CAD strength, perhaps this could have some follow-through. If a single currency is about to embark on a reversal or strong run, ...

Submitted Jun 3, 2019|From forex.com

As of Tuesday 28th May: Large speculators increased net-long exposure to USD by $0.48 billion to $31.3 billion ($35.7 billion against G10 currencies) • Traders were net-short NZD futures at their most bearish level since December 2018 • Net-short ...