MonsunAsia

MonsunAsia Updated 

🇺🇸 USD - Weak Bullish 1️⃣ Rebound in yields after a firmer than expected Retail Sales supported rate hike bets. 🇪🇺 EURO - Strong Bearish 1️⃣ The EUR remained under pressure following weak economic data in the region. 2️⃣ European Central Bank (ECB) Governing Council member and French Bank chief Francois Villeroy de Galhau said he was confident inflation would...

MonsunAsia

USD - Strong Bullish 1️⃣ The dollar index (DXY) rebounded above the 94.00 level on Monday after a rebound in US Treasury bond yields after stronger-than-expected retail sales. 2️⃣ Market sentiment is in a Risk-Off state after disappointing economic data from China. 3️⃣ Recent inflationary pressures forced the Fed to do tapering earlier. CHF - Weak Bearish 1️⃣ The...

MonsunAsia Updated 

NZD - Strong Bullish 1️⃣ The market expects that the RBNZ interest rate will reach 1.0% in April 2022, and 1.5% in October 2022. JPY - Strong Bearish 1️⃣ The rising in US Treasury yields has made investors less fond of low-yielding currencies such as the JPY. ===== Technical ===== We are buying the NZDJPY after it bounced back at support levels. ===== Risk to...

MonsunAsia Updated 

GBP - Strong Bearish 1️⃣ The GBP is under pressure amid the fisheries crisis in Northern Ireland, although the UK will reportedly share a negotiation document on the protocol with the EU Commission this week. CAD - Strong Bullish 1️⃣ The CAD commodity-linked currency continued to be supported after crude oil prices hit a 7-year high of $ 80.31. 2️⃣ In August,...

MonsunAsia Updated 

🇬🇧 GBP - Strong Bearish 1️⃣ The GBP is under pressure amid the fisheries crisis in Northern Ireland, although the UK will reportedly share a negotiation document on the protocol with the EU Commission this week. 2️⃣ Risk-off sentiment weighing on the GBP. 🇨🇦 CAD - Strong Bullish 1️⃣ The CAD commodity-linked currency continued to be supported after crude oil...

MonsunAsia Updated 

NZD - Strong Bullish 1️⃣ Market sentiment was positive after talks between Chinese Vice Prime Minister Liu He and U.S. Trade Representative Katherine Tai on Saturday, in which China said it had negotiated tariff repeal and sanctions. CHF - Weak Bearish 1️⃣ The price value on EUR/CHF is currently under SNB monitoring, which could lead to the central bank’s...

MonsunAsia Updated 

NZD - Weak Bearish 1️⃣ The expectation of an interest rate hike is already expected. Not surprising the market. USD - Strong Bullish 1️⃣ The dollar strengthened amid concerns over slower growth and continued high inflation. 2️⃣ The Fed also hinted that an interest rate hike will be achieved sooner than previously expected. 3️⃣ The US ISM Services PMI was...

MonsunAsia Updated 

USD - Strong Bullish 1️⃣ The dollar strengthened amid concerns over slower growth and continued high inflation. 2️⃣ The Fed also hinted that an interest rate hike will be achieved sooner than previously expected. 3️⃣ The US ISM Services PMI was published higher in September. 4️⃣ Private businesses in the US hired 568 thousand workers in September of 2021, the most...

MonsunAsia

GBP - Weak Bullish 1️⃣ BOE Chief Economist Huw Pill says that the current strength of inflation appears to be proving to be more durable than initially expected and the BoE plans to release asset purchase stocks in the best possible way. NZD - Weak Bearish 1️⃣ The expectation of an interest rate hike is already expected. Not surprising the...

MonsunAsia

EURO - Weak Bearish 1️⃣ In an ECB forum, ECB President Christine Lagarde noted that there are no signs of a recent widespread price hike in the economy, while promising that the ECB will be patient before undertaking policy tightening. 2️⃣ Eurozone Sentix Investor Confidence declined to 16.9 in October, from 19.6 in the previous month. 3️⃣ Eurozone retail sales in...

MonsunAsia Updated 

EURO - Weak Bearish 1️⃣ In an ECB forum, ECB President Christine Lagarde noted that there are no signs of a recent widespread price hike in the economy, while promising that the ECB will be patient before undertaking policy tightening. 2️⃣ Eurozone Sentix Investor Confidence declined to 16.9 in October, from 19.6 in the previous month. 3️⃣ Eurozone retail sales in...

MonsunAsia

CAD - Weak Bullish 1️⃣ Rising crude oil prices support the strength of CAD. 2️⃣ In August, Canada’s trade surplus increased to CAD 1.94 billion, from CAD 0.74 billion in the previous month, and surpassed the market forecast of a CAD surplus of 0.43 billion. 3️⃣ Canada’s IVEY PMI is forecast to rise in September following the easing of restrictions. JPY - Strong...

MonsunAsia

NZD - Strong Bearish 1️⃣ The expectation of an interest rate hike is already expected. Not surprising the market. 2️⃣ Coronavirus cases in New Zealand. The number of cases reported today was 39 cases compared to 34 the previous day. 3️⃣ Global market sentiment traded lower due to the uncertainty of the US debt limit. Risky market sentiment usually weighs on...

MonsunAsia Updated 

NZD - Strong Bearish 1️⃣ The expectation of an interest rate hike is already expected. Not surprising the market. 2️⃣ Coronavirus cases in New Zealand. The number of cases reported today was 39 cases compared to 34 the previous day. 3️⃣ Global market sentiment traded lower due to the uncertainty of the US debt limit. Risky market sentiment usually weighs on...

MonsunAsia Updated 

USD - Weak Bullish 1️⃣ The Fed insists that the economy has made progress toward inflation and employment targets, and if this progress continues as expected, a reduction in asset purchases may be needed. 2️⃣ 9 out of 18 policymakers have voted for an interest rate hike as early as 2022, compared to 7 votes in June. 3️⃣ The Fed also hinted that an interest rate...

MonsunAsia Updated 

CHF - Weak Bullish 1️⃣ Investors are turning to safe-haven currencies amid a negative market environment. JPY - Strong Bullish 1️⃣ Investors’ concerns about the uncertainty of the economic recovery could support the value of the JPY. Between CHF and JPY, we expect JPY is stronger. ===== Technical ===== We are selling CHFJPY after it turned to a...

MonsunAsia Updated 

AUD - Strong Bearish 1️⃣ Beijing is stepping up measures to reduce steel production due to environmental problems. 2️⃣ Preliminary readings show retail sales in Australia are down 1.7%, after a 2.7% decline in the previous month. JPY - Strong Bullish 1️⃣ Investors’ concerns about the uncertainty of the economic recovery could support the value of the...

MonsunAsia Updated 

AUD - Strong Bearish 1️⃣ Beijing is stepping up measures to reduce steel production due to environmental problems. 2️⃣ Investors remain worried about China Evergrande Group’s unresolved debt crisis. 3️⃣ Preliminary readings show retail sales in Australia are down 1.7%, after a 2.7% decline in the previous month. CHF - Strong Bullish 1️⃣ Investors are turning to...