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The Japanese yen has posted strong gains on Friday. In the North American session, USD/JPY is trading at 102.80. On the release front, Japanese consumer inflation and consumer spending indicators...
Euro area HICP inflation was slightly higher than expected in July as it increased to 0.2% y/y from 0.1% y/y in June (consensus 0.1%) . The rise in inflation was mainly driven by food price inflation...
I’m going to show you how to trade against the crowd using the most recent 18 months of daily charts of HUI (Gold Miners), SPX S&P 500, WTIC (Crude Oil), (NYSE:XLE) (Energy) and USD (US...
The price of oil is continuing to fall. The phase of sales on the commodity market is now stretching into its eighth consecutive session and doesn’t look like stopping. The significant May...
The euro has posted small gains on Friday, continuing the upward movement we’ve seen in the past two sessions. EUR/USD is currently trading slightly above the 1.11 line. On the release front,...
Bank of Japan Governor Kuroda appears to be the central banker that the markets have the most difficulty in reading. The activist Governor provided the barest of tweaks to what is by nearly any...
EUR/NZD Today’s support: - 1.5548, 1.5513 and 1.5490 (main), where correction is possible. Break would give 1.5474, where correction also may be. Then follows 1.5463. Break of the latter would...
Tokyo Dross On Wednesday morning we said “I am unsure about what happens from the Bank of Japan in the early hours of Friday morning but I have a funny feeling, given administration comms so...
I won’t go into huge depth about the BOJ meeting, but it’s fair to say they delivered the minimum. The vote count painted the clearest picture and there was little appetite to increase the...
It’s Bank of Japan (BoJ) Day. For short-term traders very little else matters today. Yesterday, USD/JPY overnight implied options volatility was at the highest since 2008 and the second highest...
The Bank of Japan (BoJ) is increasing its purchases of ETFs but has kept the policy interest rate and bond purchase programme unchanged at -0.1% and JPY80trn, respectively. The BoJ is keeping the door...
Buy SGB1054 versus SGB1052 @ 30bp. P/L: 18bp/40bp. Carry/roll down: +1.5bp/3M. Sell SGB1052 ASW versus receive RIBAMAR17 and pay FRADEC16. -26bp and -2.5bp. P/L:-18bp and 0bp/-32bp and -10bp. Tax...
The Bank of Japan (BoJ) has disappointed the markets and the yen has strengthened. The BoJ only expanded the purchase of ETFs and doubled the size of a USD lending programme while keeping the policy...
A moderate stimulus package from the Bank of Japan overnight got the final trading day of the week off to a disappointing start, leaving traders to look towards the large number of earnings and data...
Currencies EUR/USD – rose on the backdrop of better than expected data out of the Eurozone and weaker data out of the US. It reached the resistance around the 1.1116 level before moving a bit...