Tag: Central Bank Watch

US Jobs Report to Guide Markets

The US dollar is higher across the board versus major pairs ahead of the U.S. non farm payrolls (NFP) on Friday. The release of private payrolls on Wednesday at 230,000 jobs in September beat the market forecast of 185,000 positions. The NFP is expected to show a gain of 190,000 jobs when it is published […]

USD in the driving seat as yields spike higher

Hawkish Powell the catalyst for higher yields Yields are on the rise on Thursday which may be weighing on stocks ahead of the US open, with the return on 10-year Treasuries at levels not seen since 2011. Another strong batch of US data on Wednesday combined with some hawkish comments from Federal Reserve Chair Jerome […]

Asia market close: focus on JGB’s and CNH

Japanese Government Bonds As the Asia session wore on, there was a greater focus on JGB moves. And while this is more about short-term noise, as I will elaborate below, it could have medium-term implications for USDJPY. With spot trading comfortably above 114, and the 10y JGB yield is around 0.15% – the highest since […]

OANDA trading Asia market update

Asia trading update Asia market continues to observe the Euro move lower, primarily from the sidelines as local trader keep ploughing all into the short AUD trade which offers both a proxy into China risk and a pragmatic play versus the widening  US interest rate differentials,  as the RBA sits in the realm of dovish […]

No stopping the US dollar runaway train at the moment

No stopping the US dollar runaway train at the moment US Markets  The US dollar is on a rampage as awe-inspiring beat on both the ADP and ISM services index combined with very supportive  Fed speak sent the US dollar soaring. Just another risk on the day for US market’s despite US bond yields surging. But […]

Asia Wrap: India or Italy the risk is yours !!

USD Asia tracked through a tight range watching the EUR move from the sidelines with China and South Korean markets out. INR the major focus USDINR moves lower trading with heavy tone on headlines that the Government is in talks with the RBI for a USD swap window. Something key to watch out for in […]

Asia Wrap : decidedly risk off

Oil After registering a four year high on the back of a slow down in U.S. drilling that compounded supply losses from Iran and Venezuela. Oil prices consolidated gains throughout most the Asia session, but with the USD looking poised to move through Asia currencies like a wrecking ball, oil prices have come off the […]

Oil’s the word

Oil’s the word  Oil markets: frenzied action Oil has sprung another gusher overnight, and in roaring fashion clocked an eye-watering 3 % surge. Brent has hit $85 while WTI has hit $75.40 – the highest levels in over four years. There haven’t been any new significant near-term catalysts per se to drive the price action. […]

CTV reports NAFTA a done deal !!!

. The Canadian Dollar  As the midnight deadline approached reports were circulating that a NAFTA2 trilateral deal with Mexico -Canada and the US was close and with CTV news confirming  a done deal, the Canadain dollar has strengthened considerably CTV News Predictably USDCAD has moved to the   1.2800 initial target level where the street was […]