With a bearish structure on the weekly chart and potential H&S top on the daily, we’re looking for an eventual breakdown.
That USD/JPY has held support despite a flurry of negative news over the weekend could be a sign of strength over the near-term. Yet with price action suggesting it topped out late December, the pair could break to… Read More
With USD/CHF on the cusp of a bearish engulfing month, we take a look at the pattern’s forward returns alongside the Swiss franc’s seasonality.
Like him or loathe him, Boris Johnson is on track for the biggest election win since Margaret Thatcher, which is some feat given how polarised the Brexit debate has always been.
In the final meeting of the year, RBA decided to keep rates on hold 0.75%, whilst keeping the door open for further cuts.
USD/CHF is approaching parity, a level which is clearly on the radar for market participants. Despite several failed attempts, USD/CHF has not closed above parity since May 2019. We could quibble over the fact that it opened above 1.0000… Read More
BOC’s Senior Deputy Governor Carolyn Wilkins delivered which appears to be laying the groundwork for a potential cut. Whilst she tips her hat to an economy which is “relatively well overall”, she pointed to regional differences and reiterated concerns… Read More
RBNZ held and refrained talking their currency down, seeing the Kiwi dollar spike higher across the board.
Whilst RBNZ are expected to cut rates again tomorrow, it remains unclear how dovish the statement may be, given the mixture of weak economic data of late alongside a lower currency and improved US-China trade sentiment.
The table could be turning for risk, with several JPY crosses looking like they’re finally topping out and due their inevitable corrections.