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U.S. dollar whipsaws after labour market data release
U.S. jobs & wages report for November looks solid. Payroll figures came in better than expected while average hourly earnings slightly missed estimates. Market reaction was a bit messy but pretty much the usual stuff of taking out both sides before returning to what it was doing before the release.
Potential for a risk-on week
June's NFP report showed that the figure for May was just a fluke and that the U.S. jobs market is still strong. Having said that, its performance graduated somewhat over the past year which is in line with diminishing slack in the market.
Immediate reaction was to buy the dollar but, after few whipsaws, prices mostly settled near pre-release levels, with a slight risk-on bias. Talking about risk-on, S&P 500 futures posted a new all time high overnight, barely two weeks after Brexit.
Immediate reaction was to buy the dollar but, after few whipsaws, prices mostly settled near pre-release levels, with a slight risk-on bias. Talking about risk-on, S&P 500 futures posted a new all time high overnight, barely two weeks after Brexit.
Shoot the bulls, and then the bears
What a surprise! What an exciting day! Euro fell heavily on the ECB interest news, and then turned the gun and managed a bullish break-out! Never underestimate the whim of the market! Now Euro is clearly bullish.
Anticipating the ECB news, I was originally bullish on Euro and GBP. After having placed long positions, I then went to sleep with a good dream. I actually saw a heap of gold that I could load as much as I want! ha, dreams, dreams, I love dreams! Shortly before the ECB news, I woke up a…
Anticipating the ECB news, I was originally bullish on Euro and GBP. After having placed long positions, I then went to sleep with a good dream. I actually saw a heap of gold that I could load as much as I want! ha, dreams, dreams, I love dreams! Shortly before the ECB news, I woke up a…
EUR/USD +100 Pips Profit and EUR/JPY Missed Target
In today's blog post I'll be talking about my latest trades that I took during the FOMC Statement. Both of this trade where based on the fundamental reaction on the news. If you have read my previous analysis about the FOMC statement you would have known that when it comes to market reaction I wasn't sure how it will react. So in that regard I didn't had any position left during the FOMC and I was waiting to see how the market react before to decide how I would have trade it.
Figure 1. EUR/USD
… Waiting for ECB Decision.
Today is ECB turn to hit the front stage, after RBA, BOE and yesterday BOC interest rate decision. Every now and than ECB meets outside of Frankfurt and today's meeting will be held in Cyprus. The market consensus is that ECB isn't going to make any monetary policy changes, however ECB more likely is going to release the execution details of the QE programme.
There are already some rumors in the market that gives highs odds that: "ECB may start buying securities as part of its QE programme on …
There are already some rumors in the market that gives highs odds that: "ECB may start buying securities as part of its QE programme on …
NFP - The State of the US Labor Market
The market has been exceptionally active since beginning of the year. This higher volatility is not exclusively showing up only on the FX market as other assets classes are exhibiting the same kind of volatility. This higher volatility are having an impact on how the market interprets the economic data as they become more important and the market more sensitive to any deviation from market forecasts.
Even thought NFP is an important market mover this volatility environment makes it even more imp…
Even thought NFP is an important market mover this volatility environment makes it even more imp…
CAUGHT IN A VOLATILITY
Dear friends ,
Traders were caught unexpectedly on friday evening's market volatility.
Suddenly market had frenzied activity and stop losses got triggered on both sides in some pairs - for e.g. GBP/AUD,GBP/NZD,AUD/USD,etc.
We have experiened such situations previously but still every time it happens , we simply freeze when the market is moving in the opposite direction of our trade.The speed of the price movement makes us to hope for a reversal but most often markets reverse after hitting our s…
Traders were caught unexpectedly on friday evening's market volatility.
Suddenly market had frenzied activity and stop losses got triggered on both sides in some pairs - for e.g. GBP/AUD,GBP/NZD,AUD/USD,etc.
We have experiened such situations previously but still every time it happens , we simply freeze when the market is moving in the opposite direction of our trade.The speed of the price movement makes us to hope for a reversal but most often markets reverse after hitting our s…
EUR/USD Trade Stopped out at BE+
My short EUR/USD position that I took the day Fed announced the 10B taper decision was stopped out at +20 pips. It was very obvious that this trade was taken based on some strong fundamental reasons. As tapering means higher interest rates and on the day of the announcement the yields on the 10 years US Treasury went up to 2.89% and this means US dollar strong across the board.
I didn't entered right away after the Fed announcement but instead I was waiting for the market to calm down and to com…
I didn't entered right away after the Fed announcement but instead I was waiting for the market to calm down and to com…