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Article / 3 hours agoAsian markets were higher in early trade following the positive lead set by the US last night, with the Nikkei up by more than 1%.Read the article
Trade view / Yesterday at 23:57 GMTShort term/Buy
EURUSD shows potential for chart bottom to formThere is an irregular Elliott Wave correction underway for EURUSD, and potential for an inverse head & shoulders to form. Key chart/mathematical support lies at about 1.1675. And watch for a bounce in the euro if Angela Merkel manages to string together a deal following the breakdown in her coalition talks.Read the Trade View
Article / Yesterday at 23:36 GMT
Today's Trade: S&P/ASX200 rebounds, iron ore gains to benefit minersThe S&P/ASX 200 headed higher at the start of trading, buoyed by gains on Wall St and in Europe. Miners should gain from firmer iron ore prices today. But falling oil prices are likely to weigh on energy explorers.Read the article
Article / Yesterday at 22:29 GMT
US Wrap: Mario Draghi's dovish comments undermine the euroThe US dollar finished an active session on Monday, posting gains against the other major currencies, in part because of more dovish remarks from ECB President Mario Draghi.Read the article
Squawk / Yesterday at 21:42 GMTW47 #FX daily update:
#JPY 1.09 %▼
#EUR 0.77 %▼
#CAD 0.60 %▼
#CHF 0.55 %▼
#USD -0.04 %▲
#GBP -0.38 %▲
#NZD -1.16 %▲
#AUD -1.42 %▲
Article / Yesterday at 13:07 GMT
Mid-session Europe: Euro shrugs off German coalition breakdownThe euro has rebounded from the losses it suffered overnight in response to the collapse of the four-way coalition talks in Berlin. German stocks, too, have shaken off the blues and the Dax is now trading 0.31% higher.Read the article
Article / Yesterday at 10:36 GMT
Macro Digest: Angela Merkel's three options — #SaxoStratsGerman chancellor Angela Merkel has failed to build a new government after coalition talks broke down Sunday. In Saxo Bank chief economist Steen Jakobsen's view, there are three possible outcomes...Read the article
Squawk / Yesterday at 10:12 GMTEURUSD and GBPUSD rebound risks
The more positive US Dollar seen in October has faded through mid-November, with the US$ weakening within G3 (versus the Euro and Japanese Yen), but also to an extent against the GBP.
For EURUSD, the recent rebound effort has eased the intermediate-term bearish theme, with risks growing to neutralise this bear trend with a push above 1.1880,
For GBPUSD, the market remains dominated by erratic activity since the Bank of England rate hike in early November, but currently with a positive tone to the non-trend environment.
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Squawk / Yesterday at 10:00 GMTUSDJPY risks move lower, whilst USDCAD stays positive
A weaker US Dollar into mid-November against the Euro, GB Pound, but here we look at the weakness against the Japanese Yen.
USDJPY aims lower after a Head & Shoulders topping pattern.
However, the US$ retains a positive tone within the Dollar bloc, against the AUD, NZD and CAD, leaving the risks for USDCAD higher.
USDCAD retains its bullish recovery bias, reinforced back in late October, with the rally in the wake of the Bank of Canada Meeting through a key resistance level, 1.2778.
See the full article here with video:
Article / Yesterday at 9:22 GMT
Make or break for US 10-year T-noteIs the US 10-year T-note drawing an inverted Shoulder-Head-Shoulder pattern or will we see new lows?Read the article