Sam_Eder

Sam_Eder

Asian equity markets track declines in the US, earnings and trade concerns on the radar. Japanese equities underperform amid continued uncertainty related to Korea/Japan relations; Earnings-related concerns weigh on Canon Inc and AGC Netflix declines over 11% following earning/guidance We like continued downside today following this risk-off sentiment....

Sam_Eder

The New Zealand Dollar managed to find its way back to the topside last week, with the primary driver of flow coming from Wednesday's Fed Chair Powell testimony. In contrast to this, the RBNZ seems less dovish at the moment, with recent PMI data supportive. We like EURNZD shorts on pullbacks.

Sam_Eder

Stocks received a boost from the more positive headlines relating to Huawei (which was on the US Black list). This led to a big push in the equities markets, which is continuing still. The trend is up and pullbacks are favoured after the dovish FOMC.

Sam_Eder

GBP has been suffering from renewed No-Deal Brexit speculation. The Grieve amendment was rejected and the no-deal option is still on the table. PM Johnson emerged in a TV debate with his opponent, Hunt, shortly after the vote. A no-deal Brexit would be “vanishingly inexpensive” to the British economy, said Johnson, if mishandled. “The crucial thing is to...

Sam_Eder

U.S. oil futures hit their highest in over a month as a potential hurricane threatened crude output in the Gulf of Mexico and as an incident involving a British tanker in the Middle East highlighted ongoing tensions there. Along with a lower USD, we like the odds of further upside today.

Sam_Eder

The Loonie is the strongest currency out there at the moment and is ignoring the decline in Crude Oil. Firming inflation and a decent BoC business survey will encourage the BoC next week to reiterate an optimistic tone. On the flip side, BOE's Carney was quite dovish yesterday, and that's why we like further GBPCAD downside. Sell a tad at market even, but...

Sam_Eder

UK PMI came out worst since 2013! NZD remains a strong candidate so we like the odds of playing a pullback to short GBPNZD towards 8800.

Sam_Eder

Crude Oil received a boost after Russia & Saudi Arabia agreed to extend production cuts. We like the odds of further upside. Buy at market/close to the Short-Term support zone and look for 61.00 and then 62.00.

Sam_Eder

We got some decent news over the weekend: US/China trade truce, constructive surprise Trump meeting with Kim Jong Un, a Russian/Saudi OPEC+ agreement on extending cuts. The markets are currently digesting this risk-on sentiment with CHF and Jpy sold, NZD, CAD and USD bought, and equities strong. We like Dax longs this week especially after the strong gap...

Sam_Eder

Technical Setup forming on BSVUSD with a continuation breakout towards recent highs.

Sam_Eder

RBA Gov Lowe came out and said that it is "not unrealistic" to expect a further cut to the RBA's cash rate. We like playing AUD weakness against recent CAD strength, after a splendid CPI beat yesterday. Prefer pullbacks to get aboard, towards the short-term resistance because the main target is close.

Sam_Eder

Stocks received a boost from the more positive wave of headlines relating to a US-China trade deal. This led to a big push in the equities markets, before things settled down. Ranges are likely to hold before tonight's FOMC decision. The trend is up and continuation breaks are favoured if we get the dovish FOMC that everyone expects. Trade AFTER the event -...

Sam_Eder

Yesterday we said most traders were waiting for Draghi at Sintra. Here is waht we were waiting for! Euro fell after Draghi says "rate cuts" are part of the policy measures going forward. Continuation break in play!

Sam_Eder

Slow morning in FX. Most traders are waiting for Draghi at Sintra or the FOMC on Wednesday. Euro fell back after the bullish ECB meeting and now momentum is negative. Is the market is ready to embrace a U-turn and explore the opposite direction? Only Draghi or Powell will provide the answer. Play continuation breaks, likely on any Sintra news today.

Sam_Eder

There has been a lot more buzz around adoption as the price of Bitcoin surges, with many mainstream names coming out in support of blockchain integration. Demand for web 3.0 applications is on the rise. As usual, the technical aspects are more influential than the fundamentals for BSV. The upwards momentum has started again and we like the odds of buying a...

Sam_Eder

Gold continues to be well supported on dips with solid demand from medium and longer-term accounts. These players are more concerned about exhausted monetary policy, extended global equities, political uncertainty, systemic risk and trade war threats. Breakout in play!

Sam_Eder

Risk appetite is once again sour after Trump tweeted and a Washington Post interview fuelled concerns over political pressure on the Fed and trade woes anew. The US President first tweeted that the US is put at a ‘big disadvantage’ as US rates are kept too high while others are devaluing their currencies, explicitly mentioning the EUR and CNY. Separately,...

Sam_Eder

The Jpy crosses have benefitted from the weekend news of an agreement between the US and Mexico, and on reassurances from the Chinese government that it will continue to provide stimulus. We like using the risk-on sentiment to buy CadJpy given the strength seen in the Loonie since last week's employment numbers. Buy on dips towards 81.80 or on a break of the...