MonsunAsia

MonsunAsia Updated 

AUD - BULLISH 1️⃣ Traders are monitoring commodity as they rallied to some 10-year highs amid a rebound in the world’s largest economies. 2️⃣ Preliminary data showed that the seasonally adjusted estimate for total dwellings approved rose 17.4% on-month to the second-highest on record in March, far above market estimates of a 3% rise and after a downwardly revised...

MonsunAsia Updated 

AUD - BULLISH 1️⃣ The prevalent risk-on mood, further undermined the safe-haven greenback and extended some support to the perceived riskier aussie. CHF - BEARISH 1️⃣ Positive risk-tone weighing on the CHF. ===== Technical ===== - We are buying the AUDCHF at RBS on the M15 chart. This is short term trading strategy from Monsun Asia. - Risk reward ratio is...

MonsunAsia Updated 

EUR - BULLISH 1️⃣ The Euro gained ground as investors expect the blocks GDP to recover as the economies are set to reopen gradually with the vaccination campaigns gathering pace. CHF - BEARISH 1️⃣ Positive risk-tone weighing on the CHF. ===== TECHNICAL ===== - We're buying this pair at RBS on the M15 chart. This is short term trading strategy from Monsun...

MonsunAsia Updated 

===== MARKET OUTLOOK ===== AUD - BEARISH 1️⃣ For the coming week, the highlight for the AUD will be on the Reserve Bank of Australia (RBA) rate decision due Tuesday. Because of the low inflation profile, the Bank is unlikely to adopt a hawkish tone in its statement on Tuesday 2️⃣ Meanwhile, rising tensions between China and Australia are likely to remain the...

MonsunAsia Updated 

===== MARKET OUTLOOK ===== AUD - BEARISH 1️⃣ For the coming week, the highlight for the AUD will be on the Reserve Bank of Australia (RBA) rate decision due Tuesday. Because of the low inflation profile, the Bank is unlikely to adopt a hawkish tone in its statement on Tuesday 2️⃣ Meanwhile, rising tensions between China and Australia are likely to remain the...

MonsunAsia Updated 

===== MARKET OUTLOOK ===== EUR - BEARISH 1️⃣ Eurozone preliminary GDP for Q1 of 2021 show the bloc is still in recession despite a little better than expected data. The bloc entered a double-dip recession in Q1, as COVID-19 lockdowns continued to hammer the services industry. CAD - BULLISH 1️⃣ Bank of Canada leaning towards a more hawkish message such as CAD....

MonsunAsia Updated 

AUD - BEARISH 1️⃣ Worries that surging COVID-19 infections in India and Japan could derail the global economic recovery weighed on investors' sentiment. 2️⃣ The annual inflation rate in Australia rose to 1.1% in Q1 2021 from 0.9% in Q4 and compared with market consensus of 1.4%. On a quarterly basis, consumer prices went up 0.6%, the least in three quarters, below...

MonsunAsia Updated 

CAD - BULLISH 1️⃣ The Bank of Canada (BoC) held its interest rate unchanged at 0.25% during the April meeting, as widely expected, however, the bank said it will adjust weekly net purchases of Government of Canada bonds to a target of CAD 3 billion from CAD 4 billion, effective the week of April 26. 2️⃣ Canada has continued to step up its mass vaccination...

MonsunAsia Updated 

USD - BULLISH 1️⃣ Market participants remain cautious ahead of the US Federal Reserve’s FOMC policy meeting. 2️⃣ While the Fed is unlikely to announce any changes to its policy, some analysts expect the Fed to acknowledge an improving outlook on growth, while defending its policy to let inflation run hot. JPY - BEARISH 1️⃣ The JPY undermined by higher US...

MonsunAsia Updated 

EUR - WEAK BULLISH 1️⃣ Optimism about a strong economic recovery and signs of an acceleration in the vaccination pace in Europe. 2️⃣ The German government revised up its growth forecast to 3.5% this year from 3.0%. 3️⃣ A dovish twist was revealed in the post-meeting press conference when President Lagarde was asked whether scaling back the PEPP after Q2 was...

MonsunAsia Updated 

USD - BEARISH 1️⃣ Investors remain focused on the Fed decision. The Fed is expected to keep its dovish tone and reinforce it will do whatever is necessary to shore up the US economy and tapering is not expected anytime soon. CHF - BULLISH 1️⃣ CHF benefitted from broad weakness in the dollar. 2️⃣ Traders welcomed a further relaxation in Switzerland’s Covid-19...

MonsunAsia Updated 

NZD - BULLISH 1️⃣ The annual inflation rate increased to 1.547% in Q1 last week, as the RBNZ noted that inflation this year is expected to be temporary only and monetary policy stimulus will remain in place. USD - BEARISH 1️⃣ Investors remain focused on the Fed decision, however, which is widely expected to reiterate that the central bank is not looking to...

MonsunAsia Updated 

EUR - BULLISH 1️⃣ The European Central Bank left monetary policy unchanged and maintained its pledge to increase support if needed. 2️⃣ Market participants see the next reassessment of the PEPP flows being in June, and the decision on what to do with the PEPP after March 2022 likely to be taken in September. 3️⃣ Optimism about an economic recovery continued to be...

MonsunAsia Updated 

EUR - BEARISH 1️⃣ Investors remained cautious ahead of the ECB monetary policy meeting due Thursday, with no changes to rates or guidance expected. GBP - BULLISH 1️⃣ Consumer prices are seen rising in the coming months, due to an increase in regulated household energy bills, higher global oil prices and comparisons with prices a year ago when the country was...

MonsunAsia Updated 

NZD - BULLISH 1️⃣ The annual inflation rate increased to 1.5% in Q1, as RBNZ forecasts show that inflation is expected to move into the upper half of its 2-3% target band during this year and then to slow in 2022. The Bank noted that inflation this year is expected to be temporary only and monetary policy stimulus will remain in place. JPY - BEARISH 1️⃣ Rising US...

MonsunAsia Updated 

GBP - BULLISH 1️⃣ Consumer prices are seen rising in the coming months, due to an increase in regulated household energy bills, higher global oil prices and comparisons with prices a year ago when the country was under a strict COVID lockdown. 2️⃣ Britain's unemployment rate fell for a second month in a row to 4.9%. CHF - BEARISH 1️⃣ Rising US Treasury yields...

MonsunAsia Updated 

===== MARKET OUTLOOK ===== CAD- BEARISH 1️⃣ COVID-19 continues to rage across Canada with vaccinations very slow. 2️⃣ PM Trudeau said third wave has taken turn for worse. 3️⃣ Declining oil prices undermined the CAD. CHF - BULLISH 1️⃣ CHF benefitted by renewed surge in coronavirus cases and a slow pace of vaccination. The US Food and Drug Administration...

MonsunAsia Updated 

===== MARKET OUTLOOK ===== USD - BULLISH 1️⃣ A turnaround in the global risk sentiment extended some support to the safe-haven greenback. 2️⃣ Rebounding US bond yields extended some support to the USD. CAD - BEARISH 1️⃣ COVID-19 continues to rage across Canada with vaccinations very slow. 2️⃣ PM Trudeau said third wave has taken turn for worse. 3️⃣ Declining oil...