April 16, 2014
Well that’s at least how I see it. News reports have just encouraged bids on CHF, JPY and XAU….. so it’s hard on intra-day positions to ignore the situation. http://www.reuters.com/article/2014/04/15/us-ukraine-crisis-idUSBREA3A1B520140415 Given that the market knows all, bear in mind that yesterday’s price moves reflected 11 deaths and some strong words form the key players and… View Article
April 16, 2014
Good morning, Overnight saw cheaper milk for your cornflakes in NZ (if only it worked like that!) but that did not do the Kiwi any good, especially in the face of the Aussie forgetting gold and copper worries with (marginally) positive data out of China….. although the Westpac data was not encouraging but also not… View Article
April 15, 2014
More strong data. Consensus looked for a headline and core CPI reading of +0.1% MoM and both measures beat by one-tenth to 0.2%. This is USD positive.
April 15, 2014
EURUSD – pretty much range trading during the Asian and European sessions. It is pushing a bit lower and it looked like it broke through 1.38 opening up the price to go down to 1.37500 but is now trading right around that price. We have a negative outlook towards euro and a positive one towards… View Article
April 15, 2014
At first view the move down overnight showed apparent Yen strength against the Antipodean pair, but the Yen is looking like it can’t capitalise on these moves. The Nikkei as I write is back above 1400 and the neckline, despite an earlier dip this morning and Gold is leading the risk-on….. although enthusiasm to follow… View Article
April 15, 2014
EURJPY approaching recent lows on the around the 140.00 area. These lows coincide with a good support trendline on the daily chart which has held a few times. Key area that the market needs to break through to see some proper downside is 139.70 and with the downward pressure on the EUR overnight, if this… View Article
April 15, 2014
“Ukraine’s central bank unexpectedly raised its benchmark interest rate for the first time in eight months in an attempt to support the weakening currency and curb inflation as the country’s political crisis deepened. Kiev’s central bank raised the benchmark discount rate from 6.5% to 9.5% and the overnight loan rate from 7.5% to 14.5% on… View Article
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