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  • Squawk / 3 hours ago
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDJPY and USDCAD aiming higher

    A renewal of a positive US$ Dollar tone into early December against most G10 currencies, with US tax reform legislation moving forward and with a general “risk on” trading environment resuming.
    The US Dollar rallied into the November US Employment data release at the start of December (on the 8th) and stayed resilient through the posting of this data.
    For both USDCAD and USDJPY this sets the bias for further upside challenges to resistance into mid-December and through the holiday season into year-end.
    USDCAD aims above the key peaks at 1.2909/15/17 towards 1.3347 and 1.3550.
    USDJPY targets the key 114.73 peak, possibly for 115.50/63 and maybe 118.65, the late 2016 cycle peak.

    See the full analysis with video here: https://www.forexfraud.com/forex-articles/usdjpy-and-usdcad-aiming-higher.html
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  • Squawk / Friday at 22:48 GMT
    -
    United Kingdom
    W50 weekly #FX technical sentiment:
    #AUDNZD ▲
    #CADJPY ▼
    #NZDJPY ▼
    #AUDCAD ▲ (CONTRARIAN)
    #MOFuturesFX
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  • Squawk / Friday at 22:32 GMT
    -
    United Kingdom
    W49 #FX daily update:
    #CAD 0.89 %▲
    #NZD 0.59 %▲
    #USD 0.59 %▲
    #AUD -0.17 %▲
    #JPY -0.34 %▼
    #CHF -0.34 %▲
    #EUR -0.57 %▲
    #GBP -0.65 %▼
    #MOFuturesFX
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  • Squawk / Friday at 21:47 GMT
    Managing Director / Technical Research Limited
    New Zealand
    US financial markets crawled into the close on Friday, with stocks, bond yields and USD all up modestly.

    The 2 year v 10 year bond spread, a measure of yield curve shape, is back up to 59 bp from 50 bp earlier in the week. That’s helping USD,

    USD may get another boost after the Fed’s meeting winds up on Wednesday https://www.tradingfloor.com/posts/fed-could-play-a-wild-card-and-spark-usd-rally-next-week-9090824

    The Bitcoin bonanza continues although the price had slipped back to $15000 by mid-afternoon.

    It may be speculative but at least there’s no negative carry – as there is in 16 global bond markets (see chart).

    Who owns all those Bitcoins? It seems the Winklevoss twins of The Social Network move fame have a haul worth about $1.7 billion.

    And by the look of it, someone else is in the money (see photo)
    Read the Squawk
    2d
    Treve Treve
    Great end of Week coverage Max. love the Pic!!!
    2d
    Patto Patto
    Re Bitcoin: Don't tell me what to buy; tell me when to buy it !
  • 2d
    alki alki
    „ The FX mice take the bait, the bar snaps down, and mouse-guts splatter over the trade blotter.” :-)))))) A very „graphic” metaphor, Mike!
    2d
    Michael O'Neill Michael O'Neill
    I'm glad you were amused. :) If you were short at 1.2660, you would have felt like the mouse.
  • Calendar event / Friday at 13:30 GMT

    US U.S. Employment Report

    forecast
    actual
    High Non-Farm Payrolls
    +195K
    +228K
    High Unemployment Rate
    4.1%
    4.1%
    High Avg Hourly Earnings (USD)
    26.55
    High Avg Hourly Earnings-Net Chg (USD)
    +0.05
    High Avg Hourly Earnings, M/M%
    +0.3%
    +0.19%
    High Participation Rate
    62.7%
    Med Private Payroll
    +221K
    Med Overall Workweek
    34.5
    Med Overall Workweek Net Chg
    +0.1
    Med Government Payrolls
    +7K
    Med Avg Hourly Earnings, Y/Y%
    +2.5%
  • Calendar event / Friday at 13:15 GMT

    CA Housing Starts

    forecast
    actual
    Med Annual Rate
    252184
    Med Housing Starts, M/M%
    +13.2%
  • 3d
    John Shaw John  Shaw
    Just how is this btc bubble gunna end exactly??
    Could bring the whole house crashing in its so big now.