Further Signs That USD Could Be In For A Better Month

November has been off to a much better start for USD than October ended. And seasonality suggests DXY could be in for a positive close this month. This ties in nicely with Tuesday’s analysis, which showed bearish engulfing… Read More

RBA Holds, Yet Aussie Upside Remains Clouded By Resistance | AUD/USD, AUD/JPY, EUR/AUD

Weekly and Monthly Bearish Engulfing Candles Appear On DXY – But Just How Grizzly Are They?

The USD index (DXY) presented traders with a bearish engulfing candle on both the weekly and monthly chart by Friday’s close. So, will this bearish pattern live up to its grizzly name in the weeks ahead?

A fresh low on RBA's cash rate saw the Aussie tumble.

RBA Cut Rates To A Fresh Record Low

With futures markets implying an 80% chance of a cut, and around 70% of economists also on board, then it was always going to take more than a simple cut to sink AUD today with any vengeance. Yet… Read More

AU Unemployment Rises, RBA To Ease Again In October?

  Headline employment data disappointed, increasing the probability of another RBA cut in their October meeting. Unemployment rose to 5.3% (highest rate since August 2016) +34.7 jobs were added, yet the headline figure was propped up by part-time… Read More

Forward Returns Following A US10-2 Year Inversion

  A look at how markets have performed following a US 10-2 yield curve inversion. Unless you’ve been living under a rock, you may have heard a thing or two about the yield curve inverting in the news… Read More

The Fed Are Expected To Cut Today – How Has That Fared For Markets Historically?

With the Fed widely expected to cut rates later today, we take a look at market returns for FX majors, commodities and the S&P500 following such an event. Using Fed Funds data from 1971, we filtered the Fed… Read More

Fed Slams The Dollar | AUD/USD, USD/JPY

Dovish comments from Fed officials has put a 50bps cut in July back onto the table for markets, and markets were quick to respond. Fed’s William’s said current estimates of the US neutral interest rates are around 0.5% and, if… Read More

GBP/USD Breaks Its 52-Week Low: Has That Provided An Edge In The Past?

Source: Eikon, City Index To be more precise, GBP/USD has actually closed to a 25-month low. But having recently tested how the S&P500 responded to its 52-week milestone, we extend our curiosity the cable.

USD/CAD To Challenge ‘Long’ Held Views?

A slight thaw in trade tensions and a minor rebound has seen the CAD strengthen, yet with several crosses pointing to CAD strength, perhaps this could have some follow-through. If a single currency is about to embark on… Read More