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US Election – When Will We Get a Winner?
USD on a Downtrend – Is It Risk-On Again?
US Election Fever – Where Will the Dollar Go?
How the US election final results will fall is still a mystery, and FX trading is reflecting this risk.
AUD’s Uptrend – Will the RBA be in the Way?
The release of the Reserve Bank of Australia’s (RBA) September minutes was a clear declaration that it’s ‘out of ammo’ when it comes to monetary policy.
8-Week Mark, a New Trade Challenge Begins
Even in the COVID world, historical patterns still emerge, and one of the biggest patterns of the past is the ‘8-week mark’ leading up to a US Presidential election. FX, equities and to some extent commodities have been trading on the re-opening global economy (as they should) and have exploded.
Waiting for Jay
Aussie Doing It Again
Flags Become Too Much, as the Economics Catch Bugs
Trading Currencies: Red Flags and Falling Knifes
Trading Currencies: New Outbreaks
Trading Currencies: USD and XAU
Gold (XAU/USD) continues to shift to new yearly highs, at above US$1,800oz there is little sign of it breaking back below the US$1,652oz support level that would have seen a bearish signal, and every chance it will test the resistance band at US$1,830oz.
Trading Currencies: Risk Wants to ‘Win’
Markets are showing us that they just want to ‘buy risk’ and anything that supports this thesis is brought up with glee. This is despite the risk of a second wave becoming ever more prevalent and the growing risk of a harder lockdown being put in place.
Trading Currencies: Second Wave Right to DXY
Texas, Florida, some smaller mid-west U.S. states and now parts of China are starting to see larger daily increases of virus case. The second wave is now a real possibility.
Trading Currencies: Riding the Wave Momentum
The momentum in the AUD/USD has now become something different altogether and something we want to flesh out further as there are signs that the wave AUD is riding could be sustained for the rest of 2020.
Trading Currencies: The Thrust for Hope Drives a Dive into Risk
News that the US biomedical firm Moderna has created an immune-system response to fend off Covid-19 from its experimental vaccine was met with ‘absolute glee’ by the markets and FX.
Trading Currencies: The USD and the ‘Second Wave’
What is concerning for FX and equities is the US’ reopening ‘style’ and speed. It appears to be early and without regulations, which lead to the US’ Head of Infectious Diseases, Dr. Anthony Fauci, warning a Senate at his testimony that easing restrictions too early could: ‘trigger an outbreak …
Trading Currencies: Position Reviews at the ‘Bottom’
Trading Currencies: G10’s Unlikely ‘Star Performer’
The AUD’s performance over the past 3 weeks has been nothing short of ‘astounding’. The largest government stimulus in history coupled with the most accommodative central bank policy setting in history have basically ‘backstopped’ the AUD’s rapid decline seen in late-March when AUD/USD hit $0.58 and AUD/NZD was basically at parity.
Getting Sucked Into the Oil Vortex…Or Not?
The movements in oil, specifically WTI, is the most mesmerising scenario to have materialised in the COVID-19 era; like deer in the headlights mesmerising.
Trading Currencies: Taking Stock of FX Levers in the COVID-19 World
In a trading environment where direction and momentum are being dictated by volatility, it is still imperative to evaluate other FX inputs.
Trading Markets: How to Trade with Volatility
We continue to see question after question from traders about how to trade with volatility. It is no surprise that we are getting these questions as the VIX index remains at unprecedented levels.Here are a few stats around the current volatility in the S&P 500.
Trading Markets: Understanding the Landscape to Understand Trade
US markets have just logged their worst first quarter on record, while the ASX and Europe have seen theirs in the first three months in over 30 years and since 2002 respectively.