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  • Article / 22 minutes ago

    Today's Trade: China rate cut to help buyer mood

    Trading Desk / Saxo Capital Markets
    Over the weekend China’s central bank surprised the market with a rate cut, shaving a quarter of a percentage point off benchmark lending and deposit rates. Its Manufacturing PMI also came in at 49.9 versus 49.7 forecast. Locally, markets are expecting early gains, while AUDUSD will remain choppy until tomorrow's Reserve Bank decision on rates.
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  • Article / 51 minutes ago

    NPC is a godsend for diehard China bulls … and bears

    Managing Director / Asia-analytica Research
    The much-hyped annual meeting of the Chinese legislature is essentially political theatre – with tightly scripted policy pronouncements that this year are all but certain to reaffirm continued state backing for reform, rebalancing and restructuring. But the typically cryptic language of policy will allow both bulls and bears to each make a different case.
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  • Squawk / Yesterday at 17:37 GMT
    individual Trader
    U.S Stocks ended the month of February with some impressive gains with not much in the last week as markets ended roughly where they started and the U.K's FTSE 100 failing to record a close above the previous week's high though making another record high since Dec. 1999 earlier in the week. Most importantly the German Dax, EuroStoxx50 and Nikkei225 made significant gains all closing the week with new highs after the other with speculators buying whats high than following the 'buy low sell high' cliché. March technically looks Positive to me with a few significant Bullish breaks in the FTSE 100 and strong SPRTS in other Stock Baskets, the sky is the limit.
    #Bullish USDJPY as stocks keep positive and DXY poised to make fresh highs
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  • Squawk / Saturday at 21:49 GMT
    Senior Analyst /
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (March 2 - 6, 2015)

    Dominant bias: Bearish
    This market, which was in an equilibrium phase for a few weeks, experienced further weakness last Thursday. Price dropped by 180 pips, closing below the resistance line at 1.1200. While price might saunter into the territory below the resistance line at 1.1100, it may not be able to go down further from there. The outlook for the EUR is bullish for this week, and therefore, price may rally by 100 – 200 pips any day in the week.

    Dominant bias: Bullish
    One would expect that USDCHF would go northward seriously, just as EURUSD went southward seriously. However, the bullish movement on USDCHF has been limited, for bears are making effort to drag the pair lower. Should price fail to go above the resistance level at 0.9550, it may experience some bearish correction which may take the price lower towards the support levels at 0.9500 and 0.9450.

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  • Squawk / Friday at 18:04 GMT
    Foreign Hedging - "Another notable trend has been greater FX hedging of EURdenominated investments. Given that FX hedges are typically done over-the-counter, we gauge this dynamic by examining the ETF market. Since the ECB implemented a negative deposit rate, implicitly using EUR as the transmission
    mechanism for monetary policy, foreign investors have
    significantly increased FX-hedged equity investments relative
    to unhedged ones (see Exhibit 6). As long as front-end rates
    trade in the red, foreign investors essentially are paid to
    remove FX risk from their European investments. And
    knowing that the central bank welcomes a significantly weaker
    currency to boost competitiveness and increase imported
    inflation, we expect this hedging to continue." in THE EURO IMITATION GAME by Morgan Stanley (FX Pulse - )
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    donal wislow donal wislow
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