News
The RBA surprised markets on the meeting today delivering a hawkish 50 bp rate hike. Consensus forecast was a 25 bp move, swap markets priced in a bit more aggressive move of 40 bp. The RBA decided to take decisive action against inflation, which accelerated to 5.1% YoY according to the latest data, while consumption […]
CADJPY Heading HigherAs with my EURJPY long, the recent CADJPY breakout idea has now hit its target at 105.33 following the breakout above 102.17. JPY weakness has been a prevailing market theme over recent weeks and both CAD and EUR have been well positioned to take advantage of this dynamic. With the BOC hiking rates […]
Treasury Moves to Block U.S. Investors From Buying Russian Debt The U.S. Treasury moved to block U.S. investors from making purchases of Russian debt in secondary markets, an apparent expansion from existing policy that only prohibited purchases of newly issued Russian government debt … Jun. 7, 2022 at 9:46 a.m. ET by Alexander Saeedy Stocks […]
Stock Futures Slip Amid Retail Worries U.S. stock futures edged down after a profit warning from Target cast a pall over the retail sector and the Reserve Bank of Australia spooked investors with a bigger-than-expected interest-rate increase. Jun. 7, 2022 at 7:43 a.m. ET by Anna Hirtenstein Netflix, Blackrock CEOs Among Those Newly Sanctioned by […]
Stock Futures Slip Ahead of Economic Data U.S. stock futures edged down ahead of economic data and after the Reserve Bank of Australia spooked investors with a bigger-than-expected interest-rate increase. Jun. 7, 2022 at 5:46 a.m. ET by Anna Hirtenstein Companies Keep Libor on the Books Despite Push to New Benchmark Companies are hanging onto […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY has fixed above the bullish channel’s upside border. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 132.05 and then resume moving upwards to reach 134.45. Another signal in favour of […]