#insightsboard#

USD/JPY stays on the front foot, up for fourth consecutive day. Covid vaccine-linked optimism fades on fresh virus-led activity restrictions in Europe. Geopolitical tensions, fears of early Fed rate hike add strength to the bullish bias. Omicron, China and inflation are the key catalysts to watch fo

The US and Canadian markets are closed today for Labor Day hence ıt will be a quiet start to a week that is busy with central bank decisions and a lot of Fed speakers. It will give one more day to ruminate over the August jobs report and whether the very disappointing 235k increase in August or the

In the early phase of QE, financial markets perceive central bank forward guidance on asset purchases and on policy rates to be closely linked. This generates a mutual reinforcement of both instruments. At a later stage, there may be mounting concern that the signalling works in the other direction

Last week’s Non-Farm Payrolls and Unemployment Rate were much better than expected sending the USD stronger. Pay attention that price action stopped at key levels and we will look at these tomorrow. We spotted a Falling Wedge on USDJPY last week and the Non-Farm Payrolls broke this and price action

Gold made a small breakout yesterday, but it is supported prior to the NFP. We might see a move up before the NFP. The main even the Nonfarm Payrolls will determine the move in gold. However, we might expect a small move to the upside prior to the news. After the NFP, we could see the following scen

It’s NFP Friday, and the market mood is not too bad when we think that the major news in the wire point that the rapidly spreading delta variant is about to threaten the economic recovery sooner rather than later. There are event cancellations, companies pushing back their plans to bring employees b

The ECB will announce its latest policy decision on Thursday with a press conference from President Lagarde. There are no expectations of any change in interest rates. The commentary will, however, be watched very closely, especially with the central bank announcing its revised inflation target earl

- Overview of market sentiment & headlines in play at the EU open (00:00). - Look at the S&P 500, Nasdaq 100, GBPUSD, WTI crude charts (1:29). - What to expect from the ECB meeting today (6:42). - Powell enjoyed broad support for renomination at the White House (10:48). - US-China trade boom

Well….it’s always interesting when stocks are moving one way and currencies the other. Clearly the bond market has been a lot more distressed about second half global growth prospects, with the latest jump in coronavirus cases also adding to the strain.

Short term Elliott Wave suggests the decline from May 20, 2021 high is unfolding as a diagonal. Down from May 20 high, wave 1 ended at 31107.46 and rally in wave 2 ended at 41341.57. The crypto currency declined again in wave 3 towards 28600 and bounce in wave 4 is proposed complete at 36687.78. Int

- A look at major cross-asset moves in the last month (00:00). - Are OPEC in crisis or will a compromise be found? (10:05). - UK PM Johnson plans to end social distancing as planned (15:32). - RBA expects record low rates until 2024(16:29). - Pfizer vaccine is less effective against the Delta varian

- Overview of market sentiment at the EU open (00:00). - UK CPI data comes in higher than expected (3:13). - Technical look at gold and WTI crude futures (4:29). - UK lockdown extension to be heard in Parliament today (7:22). - China orders State firms to curb overseas commodities exposure (9:09). -

Yen, Swiss Franc Slump; Aussie, Kiwi Up, Asians Dip Summary: The benchmark US 10-year Treasury yield soared 5 basis points to 1.50% ahead of this week’s (early Thursday Sydney) Federal Reserve monetary policy announcement. The Dollar, however, closed mixed against its rivals even as US bond yields r

We look back over the Canadian Dollar ideas then focus on USDCHF and EURUSD as we head towards US Non-farm payroll figures.

US jobs data could confirm substantial progress, the Fed thinks that valuations are overstretched, and investors are waiting for Elon Musk on Saturday Night Live to send the Doge to the moon.