What's Next for The Dollar
The post-Yellen US dollar selling stalled late Wednesday. We look at what's coming next. The New Zealand dollar was the top performer for the second day while USD and GBP lagged. Australian job...
View ArticleUSD Recovers Ahead of NFP, Tankan Next
The US dollar was battered in European trading but finally found some support ahead of non-farm payrolls. The Swiss franc was the top performer while the yen lagged. The critical Q1 Tankan survey is...
View ArticleJapan Readies the Pumps, Leaks Galore
It's not a later April Fool's joke, but the Japanese government is preparing another round of stimulus, according to a weekend report. Early-week trading is light as the market digests two major leaks....
View ArticleYen: Conventional vs Unusual
As the yen resumes its rally, many FX experts appear bemused by the yen's insistence to rally despite reported heavy foreign-bound investing by Japanese institutional players, persistent retreat in the...
View ArticleOn the Equities JPY Divergence
Tumbling yen crosses (soaring yen), falling US yields and rising US stocks -- The 12-month chart below illustrates this is not the way things are supposed to go. All 3 markets (USDJPY, US 10 year and...
View ArticleJapan Jawbone Put to the Test
Japan continued to touch on the intervention code on the weekend but yen strength late on Friday and growing yen speculative longs show a market without fear. Moves at the market open have been...
View ArticleBoC Bottleneck
USD/CAD closed at the lowest level since October and is threatening a 9 month low ahead of a BOC decision that will have a bigger impact than it seems. On Monday, the pound was the top performer while...
View ArticleOil and CAD Breakout
Signs of an oil output freeze pushed oil and the Canadian dollar to multi-month highs on Tuesday. The Australian dollar was the top performer while the yen lagged. Japanese PPI is due up next. In the...
View ArticleUSD Bulls Awake, Aussie Jobs next
The US dollar was hit with another wave of weak news and data on Wednesday and yet it was the top performing currency. The Swiss franc and euro were laggards and Canadian dollar reversed after the BOC....
View ArticleFed Flustered, China in the Crosshairs
The US dollar was hit with another wave of weak news and data on Wednesday and yet it was the top performing currency. The Swiss franc and euro were laggards and Canadian dollar reversed after the BOC....
View ArticleNo Deal in Doha
Hopes for an oil production freeze agreement in Doha ended in tatters Sunday with leaders walking away empty handed. The breakdown sets up a dramatic start to the week and USD/CAD is already trading up...
View ArticleSaudi Squeeze, RBA Minutes Next
A strike in Kuwait delayed the reckoning in oil and other markets on Monday. The pound was the top performer while the US dollar lagged. The Australian dollar touched a 9-month high ahead of the RBA...
View ArticleDollar Extends Slide, Oil Strike Ends
A second day of US dollar selling and commodity strength will face a test after the oil strike in Kuwait came to an end. The kiwi was the top performer Tuesday while the yen lagged as US stocks touched...
View ArticleDollar Rebounds, ECB Next
The US dollar regained a footing on Wednesday and touched a two-week high versus the yen. The Canadian dollar led the way while Swiss franc lagged. With little on the calendar in Asia-Pacific trading,...
View ArticleDollar Rebounds, ECB NextCentral Bank Support To Fade
Mario Draghi asked for patience in a signal that the latest round of easing might be done. Markets continued the trend of punishing volatility as the euro jumped and then dropped. Japanese...
View ArticleAnti-Brexit Trade Boosts GBP
Brexit betting odds are falling and Obama added to the chorus of politicians warning of disaster on the weekend. Liquidity is still thin but cable is up strongly to start the week. Weekly CFTC data...
View ArticleWhy the BOJ could Wait
A hint on Bank of Japan thinking added more intrigue to this week's full slate of central bank decisions. Markets were contained on the day as the yen rebounded and was the top performer; a slide in...
View ArticleDurables Add Doubt, Aussie CPI Next
Another soft US durable goods orders report may leave the Fed with second thoughts about a hawkish bias. The pound was the top performer while the dollar was generally softer and the Japanese yen...
View ArticleFed and RBNZ Dovish, BOJ Next
The dominant dovish theme in global central banks reasserted itself once again after the Fed steered completely clear of anything like a hawkish bias. The New Zealand dollar higher in early...
View ArticleThe Lessons From the Carnage
The BOJ and RBNZ yesterday were a shining example of just how much dovishness the market demands from central bankers. The yen rocketed higher after the BOJ and the kiwi was the next best performer...
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