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Calendar event / 2 hours agopreviousforecastactualMed November Sales
Squawk / 3 hours agoA negative EURUSD outlook, but GBPUSD is indecisive (with a downside bias)
A restoration of a US$ Dollar strength from late November and into early December against many of the Major currencies.
This has been driven by progress of US tax reform legislation and a broader “risk on” outlook on markets in to year-end.
For EURUSD, we see a broader range environment, defined by 1.1553 and 1.2089, but with the asymmetrical bias to the downside.
GBPUSD is also in a wider, non-trend range, seen as 1.3026 and 1,3658. Despite recent gains into Brexit negotiations and progress, more recent price action switches the immediate bias back to the downside.
Squawk / 3 hours agoUSDJPY 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
Squawk / 4 hours agoStrap Yourself In As Bitcoin Futures Arrive by Stephen Pope
Bitcoin futures launch creates excitement as they surge past $18,000
There are many powerful voices for and against the concept
It marks the most dramatic financial leap into the dark since the 2008 crisis
Questions are being raised if the contract will soar high, or crash and burn?
See the full article and analysis here:
Article / 11 hours ago
Morning Report APAC: Asia unfazed by impending hikeBitcoin may have gone live and the US may be looking for a rate hike in a few days, but its seems it has all been priced in in Asia. Markets this morning were mixed, if not subduedRead the article
Squawk / Friday at 21:47 GMTUS 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)
Article / Friday at 15:22 GMT
Bank of Canada's governor baits the mouse trapA slew of major central bank policy meetings will dominate FX trading beginning on Wednesday of next week, although the bar is set very low for fresh, market-moving insight from them.Read the article
Video / Friday at 8:44 GMT
From the Floor: GBP in cautious rally after Brexit breakthrough#SaxoStratsA breakthrough in Brexit negotiations has spurred a rally in sterling, but only a timid one, as the market realises that the next stage of the talks may be even more difficult. Meanwhile, US equities are looking to today's NFP data for another lift and commodities have hit a really bad patch.
Article / Friday at 1:57 GMT
Morning Report APAC: Wall St lifts Asian stocks, US dollar ralliesInvestor sentiment is upbeat across much of Asia today, with benchmark indices heading higher in Tokyo, Hong Kong, Sydney and Shanghai. However South Korea's Kospi Composite has slipped into the red. And the USD has rallied against most other major currencies.Read the article
Article / Friday at 0:52 GMT
Today's Trade: ASX jumps above 6000The rise in oil prices overnight has given energy-related shares a nice start for the day on the ASX, but the banks, too are enjoying a lift, bringing the ASX total above 6000Read the article