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Markets Friday’s Jackson Hole speech by Fed chair Powell seems to have given the nod for a final holiday week stretching until the September 2nd Labour Day Holiday. US yields rebound 1.9 bps (2-yr) to 4.2 bps (30-yr), strengthening our bottoming out case after they failed to set a new bottom in the wake of […]

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29/04/2024

USD/JPY: Pulls Back from New Multi-Decade Top on Suspected Intervention

USDJPY cracked psychological 160 barrier and hit new multi-decade high early Monday, with subsequent sharp pullback to 155.00 zone on suspected intervention. Fresh weakness cracked pivotal 155 support area (Friday’s low / 10DMA / Fibo 38.2% of 146.448/160.19) but so far without sustained break lower, with close above this levels to mark a healthy correction […]
13/09/2024

USDCAD Flirts With 200-Day SMA Again

USDCAD remains below 1.3600 MACD and RSI indicate upside recovery USDCAD is moving back and forth of the 200-day simple moving average, which is standing marginally beneath the 1.3600 round number. Earlier in the week, the market successfully travelled towards the 1.3620 bar, adding optimism for more bullish actions. The technical oscillators are confirming an […]
14/05/2024

UK Labour Market Data Mixed

Markets Fed vice-chair Jefferson came with an important message to his colleagues. The current diversity of viewpoints among policymakers lends to stimulating debates and ultimately better policy. But… there’s a but… in such a situation, more communication could increase rather than reduce uncertainty about Fed policy. “The potential for misinterpretation is especially acute when many […]