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  • Calendar event / Friday at 8:00 GMT

    EU Eurozone Flash PMI

    High PMI, Mfg
    Med PMI, Composite
    Med PMI, Services
  • Trade view / Friday at 6:12 GMT
    Day trade

    EURJPY rally signalled as corrective

    partner and technical analyst / 3 c analysis
    United Kingdom
    Another bounce yesterday is signalled to be temporary. Sell at 113.90, a 78% recovery to the losses since Wednesday's high or at 112.60, Thursday's Marabuzo line. The stop on the sell rally is at 114.41, and the sell through support at 113.10. Targets are 112.08, this week's low and 111.25.
    Read the Trade View
    Steve Lucas Steve Lucas
    113.90 is the fibbo not sure what 113.60 is but im using 113.90 cheers
    AlexF AlexF
    Short GBPUSD was the trade of the day
    Steve Lucas Steve Lucas
    sure was - my partner alan collins covers stg - think he used eurgbp which was close 2nd
  • 5d
    AlexF AlexF
    In at short 113.36
    Bullionaire Bullionaire
    Me too.
    Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
    Despite not "getting going" yet I still like this trade and the recent failures at 113.50-60 prove we've got the stop in the right place.. Well done...
  • 5d
    AlexF AlexF
    Working so far took short at 113.36
  • Squawk / 21 September 2016 at 4:54 GMT
    Head of FX Strategy / Saxo Bank
    Bank of Japan reaction: Market read is dovish – though reaction relatively modest given anticipation. The BoJ can do as much QE as it wants and if fiscal steps in with very large programme, there is not necessarily any limit to their purchases – open ended, though that also means they can buy fewer bonds if that is what is needed.

    From BoJ

    No rate cut (many were expecting more focus on negative rates and some even a rate cut)
    New policy focus on shape of yield curve – current level of JGB 10-year deemed appropriate- new “fixed rate” bond buying operations for up to 10 year bonds
    No set amount for expansion of monetary base
    BUT monetary base to expand until CPI consistently in excess of 2%

    (News had emerged overnight, btw, that BoJ had already tapered its long bond purchases earlier this year)
    Read the Squawk
  • Calendar event / 20 September 2016 at 23:50 GMT
    Med Exports, Y/Y%
    Med Imports, Y/Y%
    Med Trade Balance (JPY)
    Med Exports To China, Y/Y%
    Med Exports To Asia, Y/Y%
    Med Exports To US, Y/Y%
    Med Exports To Europe, Y/Y%
  • Squawk / 20 September 2016 at 21:09 GMT
    United Kingdom
    Wednesday Sep21 #FX sentiment:
    #EURAUD ▼
    #EURUSD ▼
    #NZDJPY ▼
    #EURJPY ▼
    Read the Squawk