There are weeks when the landmines by which traders must navigate are seen in such abundance, where the implications for market pricing are so meaningful, that we manage risk well or we simply get schooled - this week seems to be one of these.
As we look down the calendar we see marquee catalysts everywhere – earnings, central bank meetings and tier-one economic...
Traders are looking ahead at the RBA meeting (2 May 14:30 AEST) and reviewing where the balance of risk sits, as well as the propensity for volatility. As always, the need to manage the risks when holding exposures over news is of clear importance.
From a volatility perspective, AUDUSD 1-week (options) implied volatility sits at 11.2% - the 20th percentile of the...
So much to talk about! Westy and Blake bring you the latest news and trends in macro, spicy setups and trade ideas to help you tackle markets! They're talking US earnings, the debt ceiling, various FX plays and commodities.
After a sharp gap down post earnings, Tesla has kicked firmly back onto the trader radar - this typically happens when a client favourite moves 9% and is starting to trend lower.
The investment case is absolutely fascinating, and the execution of the new strategy suggests Tesla will be the kingpin of volatility at least for the next few weeks. There is also a...
Westy is back! We have a jam-packed show for your this week on the Trade Off as Westy and Blake reunite to give you all the latest news and trends to help you tackle markets!
Having only recently traded through the most volatile (vol) environments in interest rates and bond markets since the GFC, we are now seeing far more subdued conditions in vol. Many have expressed disbelief at how the VIX index (S&P500 30-day implied volatility) is below 17% when the US is eyeing a possible recession this year, the credit crunch is yet to really...
A BIG chart for the coming week - the higher time frames need work to really get the USD bulls excited and price is still contained below the 5-day EMA. However, we've seen divergence (one of best impending reversal signals) playing out and a closing break of the bear channel puts the upside targets at horizontal resistance at 105.40 and possibly the 200-day...
Westy is still on the road, so Quasar is stepping up once more to take his spot! Blake and him are talking all things to watch in markets in the coming days. What's the USD up to? What's inflation got to do with it and what's happening in Gold and BTC?
In recent weeks we saw AUDNZD trade in a range between 1.08 and 1.067 after a big move from 1.108 highs. This consolidation formed a potential bearish rectangle pattern which is a continuation pattern formed after a big move to the downside.
We then saw the market finally breakdown to breach the range support, then came back to retest it as resistance and closed...
Westy is on the road, enjoying a well-earned break, so Quasar from The Trade Off Español is stepping up! Blake and him are talking all things to watch in markets in the coming days. Strap in for another episode of The Trade Off.
We saw JPYX go up in a rising channel and topped at 866 then reversed, which is usually a reversal sign after a sustained move to the upside.
Market then traded and broke out of the channel as well as the 851 key support, which confirmed that sellers had stepped in.
We then traded below and broke 840 and retested it as resistance.
With the weekly timeframe having...
We saw GBPAUD form a rounded bottom on the H4 timeframe, which is usually a bullish reversal sign after a sustained drop.
We then saw a series of higher highs then a break of the rounded bottom neckline at 1.793 followed by a move higher.
We then saw a pullback and consolidation in a bullish pennant, which also signals a possible continuation. Could we see a break...
Gold is in beast mode - we eye the 2022 and ATHs at $2070 and $2075 respectively and scalper aside it's hard to bet against the momentum play right now
The USD is finding few friends and the ST bear trend is a massive tailwind for gold. We've seen US yield curves looking like they will resume bull steepening and rate cuts are once again being priced into OIS and...
The NAS100 has rallied 12.5% since the 13 March low, and while starting to look overbought, momentum is clearly strong. The closing break of the bull flag and 12,893 horizontal resistance offers a technical target of 13,800. Price is bull trending and hugging the upper Bollinger Band, with pullbacks contained to the 5-day EMA. Fundamentally, if capital continues...
Time – 4 April @ 14:30 AEDT
In the March RBA meeting minutes, the RBA noted policy was now in restrictive territory and they would “reconsider” the case for a pause in the April meeting. Is there enough new information to compel this pause?
Market expectations - hike or a pause?
The market prices just 4bp of hikes for this meeting, equating to a 16% chance of...
Westy and Blake are back! Today, they're talking rates (inc the RBA!), banks, stocks (with a trade idea for the Nasdaq), forex (EUR, JPY and GBP) and gold! Tune in for another episode of The Trade Off.
Markets are still on alert for developments on the banking front, as nerves persist, while last week's central bank bonanza delivered some surprises, and opened divergences traders can take advantag of in the FX space.
