Inflation Limitation
Inflation Limitation: The Fed speaker merry-go-round continued overnight with comments from both Fischer and Lockhart, speaking at the Federal Reserve Bank of Atlanta’s conference. It was Fed...
View ArticleChinese Currency Wars: Its Effect on AUD/USD and the Fed
Chinese Currency Devaluation: China’s Central Bank, the People’s Bank of China (PBOC) yesterday weakened it’s currency by 1.9% to it’s lowest level in more than 2 decades. The move was swift and...
View ArticleChina and the Fed: A Reality Check
Reality Check: With the Forex markets buzzing on the uncertainty that the Chinese have entered the so called currency wars, the volatility and whipsaws have given traders an extra reason to question...
View ArticleConsumer Driven Recovery + New Lows in Oil
Consumer Driven Recovery: Last night saw US Dollar bulls make a return, with US Retail Sales data coming in largely as expected. “USD Core Retail Sales m/m (0.4% v 0.4% expected)” “USD Retail Sales m/m...
View ArticleYour DAY'S Trading Inspiration
Your DAY’S Trading Inspiration: We begin what is expected to be a range-bound week across the majors with news that Australia’s Jason Day has clinched his first major, taking out the PGA Championship...
View ArticleRBA Monetary Policy Meeting Minutes Preview
RBA Monetary Policy Meeting Minutes: While the Reserve Bank of Australia leaving rates unchanged really surprised nobody (well all but the two surveyed economists that enjoyed their time in the...
View ArticleFOMC Minutes + Possible GBP Turning Point
FOMC Minutes: With yesterday’s RBA monetary policy minutes not offering us anything new, we move onto tonight’s US inflation data and FOMC minutes. With Fed speakers indicating that inflation is still...
View ArticleFed Timing Hazy while Crude Oil Seeps Lower
Fed Timing Hazy: The FOMC July meeting minutes showed that the central bank’s policy makers were still undecided on whether the US economy has a solid enough base to begin the normalisation of interest...
View ArticleUS on the Edge + North Korean and Greek Shenanigans
US on the Edge: US stocks took a tumble overnight with both the SP500 index and the Dow falling to their lowest levels since February last year. SP500 Weekly: While still technically respecting its...
View ArticleMonday Brace for Market Violence
Monday Brace for Market Violence: With US stock indices falling off a cliff (or going through a healthy correction, depending on who you speak to), traders have real fears that more market violence is...
View ArticleRip Your Face Off
Have you heard traders talk about a rip your face off type move? Well that right there was everyone’s collective face getting ripped off. The following SP500 charts tell you all you need to know about...
View ArticlePBoC comes to the party, triggers a short lived turnaround tuesday
PBOC Comes to the Party: The People’s Bank of China has finally made their move. After the Shanghai Composite turned negative for the year, the country’s central bank responded by once again cutting...
View ArticleMarkets Turn Classic Risk-Off and a Dovish Dudley
Markets Turn Classic Risk Off: Risk-Off sentiment returned to the US Dollar overnight, causing the USDX to snap sharply higher. USDX Daily: Following the giant squeeze up in EUR/USD that we’ve seen...
View ArticleThe Data Front and Jackson Hole
The Data Front: I remember that we were panicking about something to start the week? Something about a Black Monday? Oh well never mind, looks like we’re all good now with US equity markets bouncing...
View ArticleJackson Hole Recap
The consensus out of the Jackson Hole Economic Symposium seems to be that central banks need to take a step back and view last week’s market turmoil from the bigger picture. Yes markets experienced a...
View ArticleSeptember Slipping and a Look at the DAX
RBA on Hold: As economists and traders had widely expected, the Reserve Bank of Australia yesterday left the official cash rate unchanged at 2.00%. This was the fourth consecutive meeting that Stevens...
View ArticleNotorious ADP Miss into VJ Day
Notorious: In the lead up to tomorrow’s all important NFP number, last night saw the ADP Non-Farm Employment Change come in below expectation at 190K v the 204K expected. The July revision was also to...
View ArticleSuper Mario Draghi and NFP Friday
Super Mario Draghi: With China still on holidays in observance of Victory over Japan Day, we’re expecting a quiet Asian session in the lead up to Non-Farm Payrolls later tonight. Yesterday it was...
View ArticleNFP Complicates but the RBNZ Path is Clear
NFP Complicates: Friday’s August US jobs report didn’t help clear the murky trading waters heading into the Fed’s September meeting, with a slight miss potentially complicating the decision. “USD...
View ArticleRBNZ Interest Rate Decision Preview
With ALL surveyed economists expecting the official cash rate out of New Zealand to be cut at Thursday’s meeting, we take a look at where price currently sits, compare it to what happened last time a...
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