We're Back On!
We’re Back On!: Just some light Monday morning reading to ease you back into your trading week. After Friday night’s NFP carnage, the majors have this morning opened with slight gaps down that they are...
View ArticleUnnamed Sources and Oversupply
Unnamed Sources and Oversupply: Following on from the huge NFP beat last Friday, this week’s US calendar is relatively quiet. With only Unemployment Claims and Retail Sales to come, it doesn’t look...
View ArticleMaChinese Inflation; Aussie & Kiwi
Chinese Inflation; Aussie & Kiwi: “CNY CPI y/y (1.3% v 1.5% expected and 1.6% previously)” With inflation being a major indicator of demand and activity in an economy, yesterday’s miss out of China...
View ArticleChinese Inflation; Aussie & Kiwi
Chinese Inflation; Aussie & Kiwi: “CNY CPI y/y (1.3% v 1.5% expected and 1.6% previously)” With inflation being a major indicator of demand and activity in an economy, yesterday’s miss out of China...
View ArticleJe suis Paris
I see quotes in articles around the internet being written this morning saying analysts and markets are almost de-sensitised to the sorts of attacks that we saw in Paris over the weekend. While a sad...
View ArticleLife Goes On
“Markets are slowly becoming more and more immune to these types of events.” 132 innocent people murdered at dinner, a show and the football, and markets don’t even bat an eye lid. The world we live...
View ArticleFed Inflation Target Achievable and The Aussie Outperforms
Fed Inflation Target Achievable: After having declined for the previous 2 months, the US Consumer Price Index rose 0.2% in October. The 0.2% increase implies that factors such as a strong USD and lower...
View ArticleFOMC Minutes Morning
Key Points: This morning’s FOMC Meeting Minutes from October show that most members were comfortable not raising rates in October but that December is very much in play. I’ve extracted a few of the key...
View ArticleSqueeze Story
Yesterday’s FOMC Minutes, today’s Fed speeches from Fischer/Lockhart and the USD price action in relation to how much of the hike has been priced in, are all coming together to shout December. Data out...
View ArticleLooking Through the Vault to a Holiday Shortened Week
Looking Through the Vault to a Holiday Shortened Week: Welcome to a holiday shortened week, with data releases loaded between Monday and Wednesday before the US leave their desks for Thanksgiving on...
View ArticleFed Flop
With this morning’s scheduled Federal Reserve announcement amounting to absolutely nothing, we continue to creep forward along the winding path leading to an expected December hike. We did however get...
View ArticleRussian Fighter Jet Shot Down by Turkey; Risk Trade is No More
Russian Fighter Jet Shot Down by Turkey; Risk Trade is No More: Once upon a time, if a world super power on the brink of war had a fighter jet shot down after entering the airspace of another sovereign...
View ArticleEUR/USD and USD/CHF; Our Inversely Correlated Sisters
With huge announcements from both the Federal Reserve and the European Central Bank in the coming weeks, the normally uneventful Thanksgiving holiday period and weeks leading up to Christmas have the...
View ArticleWeek of the Acronym
Week of the Acronym; Yuan and Retail Welcome back to your trading desks after markets long weekend. The calendar will tick over to December tomorrow, meaning the erratic run into Christmas is now upon...
View ArticleBuild up to the RBA and a China Bonus
Build up to the RBA: December the 1st? Wow, somebody tell me where 2015 went?! With today also the 1st Tuesday of the month, the Reserve Bank of Australia meet today for what is expected to be a fairly...
View ArticleISM Back to Recession Territory
Data Dependant? ISM Back to Recession Territory: With Glenn Stevens and the RBA chilling out into Christmas, the big overnight storyline was the slumping US manufacturing sector. “USD ISM Manufacturing...
View ArticleECB Today; Beware of the Crowded Trade
It’s not a question of if, but rather by how much Draghi and the European Central Bank will increase its stimulus program tonight. Still fighting off the lingering effects of deflation on the...
View ArticleMario Draghi, was that Doing Whatever it Takes?
Mario Draghi and the European Central Bank rocked markets to the core overnight, with cuts and stimulus that nowhere near met market expectations. By reducing its deposit rate by only 0.1% to -0.3%...
View ArticleCAD Spurts Higher
Oil Seeps Lower: Oil prices seeped to their lowest level in over 6 years, breaking swing lows as oversupply was confirmed as not being abated any time soon. OPEC meetings ended with no resolution on...
View ArticleUnconventional Policies and the CAD
While Speaking at the Empire Club of Canada in Toronto, Bank of Canada Governor Poloz delivered the alternate idea that BOC policymakers still have the fire-power to spur growth even with interest...
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