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The F in Finance

London Morning Call: #JPY pares some of its weekly gains; #Commodity #currencies find some mild reprieve following an overnight #crude #oil surge

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  • Overnight: After a stellar week for the Japanese Yen we are finally seeing a mild break, with the JPY crosses paring some of its gains across the board.
  • Elsewhere, commodity-linked currencies took advantage of an overnight WTI crude rally.

The Day Before: It was all about the #Yen

  • The JPY dragged all its crosses through the mud, breaking notable levels against the USD, EUR, and AUD.
  • Elsewhere, ECB Minutes showed that some members were looking for sharper cuts, which put the Single Currency under fire.

#FX #Fundamentals: #USD #EUR #GBP #JPY #CHF #CAD #AUD #NZD | April 7th

USD: The Buck is, fundamentally, the strongest currency. However, global outlook seems to be forcing the Fed to scale back on their original plan of hiking rates 4 times this year.

More recently, dovish FOMC Minutes gave investors a fresh reason to short the Greenback.

Current Sentiment:  Neutral

Recent News: ⬇️ (Dovish FOMC Minutes)

 

EUR: The Euro is a weak currency, at the moment, with the ECB trying everything in its power to lower its exchange rate. Global turmoil, however, might keep the single currency rallying on safe-haven flows.

A recent dovish Fed has been putting terror events have put upward pressure on the Single Currency.

Current Sentiment:  Neutral

Recent News: N/A

Continue reading “#FX #Fundamentals: #USD #EUR #GBP #JPY #CHF #CAD #AUD #NZD | April 7th”

London Morning Call: #JPY continues to rally after #Dovish #FOMC minutes; #Commodity linked #currencies held on to its gains following the #oil surge

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  • Overnight: After yesterday’s dovish FOMC Minutes, where several members argued against a rate-hike in April, the Japanese Yen continued to appreciate.
  • Elsewhere, commodity linked currencies held on to its gains following the oil surge seen during the New York session.

5 Reasons Why Experiences Make You Happier Than Possessions

Ask anyone what their ultimate goal in life is and most people will tell you they want to be happy. Happiness is something we all strive to find. We believe that we will only be happy once we achieve certain things like buying the perfect house, getting married or making a load of money. For most of us money is a limited resource and what we spend our money on is what should ultimately make us happy Continue reading “5 Reasons Why Experiences Make You Happier Than Possessions”

FX Fundamentals: #USD #EUR #GBP #JPY #CHF #CAD #AUD #NZD | March 14th

USD: The Buck is, fundamentally, the strongest currency. However, the global outlook seems to be forcing the Fed to scale back on their original plan of hiking rates 4 times this year.

EUR: The Euro should be a weak currency at the moment, with the ECB trying everything in its power to lower its exchange rate. Global turmoil, however, might keep the single currency rallying on safe-haven flows.

GBP: The Pound is not as bad as it seems, at least by comparison, with the BoE members constantly stating that their next move should be a hike. Brexit, however, seems to be a point of concern, dragging the Sterling to multi-year lows. Continue reading “FX Fundamentals: #USD #EUR #GBP #JPY #CHF #CAD #AUD #NZD | March 14th”

Trading Day: Mixed data out of the #US with #NFP beating expectations while Average Hourly Earnings m/m came at -0.10%

  • Investors however, seem to be focussing on the strong job growth, with the EURUSD plunging nearly 60pips.
  • The pair quickly reversed and now broke the very round 1.10$.

Upcoming Data: #US #NFP & Average Hourly Earnings @ 1:30PM GMT. Are #Investors secretly hoping for poor data?

  • Expectations:

The Non-Farm Payrolls is expected to come higher (195K) than the previous (151K). A print above 245K would be considered high; bellow 70K would put downward pressure on the Buck.

Average Hourly Earnings are expected to shrink to 0.2% from 0.5%. A read above 0.5% would be considered high; bellow 0.0% low.

  • Analysis: It seems that most investors are secretly wishing for the numbers to go bad, as this would probably force the Fed to adopt a more dovish tone. Stronger data might bring the chaos back to the markets.

Trade Ideas: Buy #EUR/USD Ahead of #ECB, Says #CreditSuisse

Credit Suisse advises buying EUR/USD into the March 10 ECB meeting and sticks to its 3-month forecast of $1.17. It sees risks of a re-run of December, when the ECB’s 10 basis point rate cut was deemed small compared to what the market had expeceted. The “wide range” of measures being talked about recently in addition to expectations of another rate cut “shows how much hope for ECB innovation the market is running with”, it says. “The interesting thing now … is that the actions the ECB needs to take to beat expectations need to be even more spectacular than they were in December,” says Credit Suisse. (jessica.fleetham@wsj.com)

This article originally appeared at TradeQQ.

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