CurrencyKey Pairs the Hawk Eyeing This Week & Trade Ideas 19 Feb 2021
GLOBALTrump becoming irrelevant but lasting damage - still the powerhouse
EURLong @2046 (2/18) TP 2290. Give some time but shld get there
CADWatch oil for clues on this one
NZD Pass the milk. Skip here and look at aussie
USDRetail sales looked good - but favour euro this week
WTIGet over $61 and might have a little ride north. Its cold in Texas
ChinaSee below

RSS China Watch

  • PBOC Cut RRR; More Easing is Expected to Boost Recovery December 6, 2021
    The PBOC announced to cut the reserve requirement ratio (RRR) by -50 bps, effective December 15. Yet, the reduction will not apply to financial institutions with existing RRR of 5%. Releasing about RMB 2 trillion in long-term liquidity, the amount is not significant but sent a signal that more stimulus would follow to boost the […]
  • November PMIs Reveals China’s Fragile Economic Outlook December 3, 2021
    Both official and Caixin’s PMI reports suggest that China’s economic recovery remains fragile. Slipping into the contractionary territory, Caixin’s manufacturing PMI dropped -0.7 point to 49.9 in November. The official manufacturing PMI, however, climbed +0.9 point to 50.1 during the month, reclaiming expansion for the first time in 3 months. Both reports suggested stronger output […]
  • China’s Economic Outlook Remains Dismal Despite Some Recovery in October November 15, 2021
    The latest of data for October revealed fragility of China’s economic recovery. Although growth of both industrial production and retail sales beat consensus, the momentum appears weak. Property developments would continued to be hampered by government’s erratic change in policy and debt problems in the sector, hurting overall fixed asset investment in the months ahead. […]

RSS Special Reports

  • CFTC Commitments of Traders – JPY’s Net Short Trimmed Sharply on Safe Haven Demand December 4, 2021
    As suggested in the CFTC Commitments of Traders report in the week ended November 30, NET LENGTH of USD index futures added +104 contracts to 35 879. Bets on both sides fell further. Concerning European currencies, NET SHORT of EUR futures gained +6 788 contracts to 23 240 while that of GBP futures increased +4 […]
  • CFTC Commitments of Traders – Risk Currencies All Got Dumped November 29, 2021
    As suggested in the CFTC Commitments of Traders report in the week ended November 23, NET LENGTH of USD index futures added +867 contracts to 35 775. Bets on both sides dropped slightly. Concerning European currencies, NET SHORT of EUR futures jumped 12 626 contracts to 18 452 while that of GBP futures increased +2 […]
  • Market Priced in Faster Rate Hike after Powell’s Nomination for Second Term November 23, 2021
    Hawks were thrilled with Biden’s nomination of Jerome Powell for the second term, thinking that his chairmanship would lead to more rate hikes in the coming year, than that of Lael Brainard, initially viewed as the leading candidate of the Fed Chair in the next term. She is now nominated as the vice chairman. US […]

RSS Action Forex Fundamental Analysis

  • Eco Data 12/8/21 December 8, 2021
    The post Eco Data 12/8/21 appeared first on Action Forex.
  • December Flashlight for the FOMC Blackout Period December 7, 2021
    Summary The FOMC’s final meeting of 2021, to conclude on December 15, will leave plenty to talk about at this year’s holiday parties. The highest inflation in a generation shows few if any signs of slowing in the near term. Along with the rapidly tightening labor market, the persistence of inflation pressures has committee members […]
    Wells Fargo Securities
  • WTI Oil Outlook: Oil Prices Extend Recovery on Fading Omicron Fears, Iran December 7, 2021
    WTI oil rallies for the second straight day and accelerates well above the psychological $70 level, in extension of Monday’s 4% advance. Receding fears about the Omicron variant on rising hopes that virus will not set the global economy back revived the risk appetite. Stall of Iran nuclear talks signals delays in the return of […]
    Windsor Brokers Ltd
  • WTI Futures Recover Lost Ground; Buyers Gain Confidence December 7, 2021
    WTI oil futures are piloting higher past the 50-period simple moving average (SMA) and the Ichimoku cloud. The recent strong rally, which began on December 3 off the 65.59 level, is extending the upside reversal from a 14-week low of 62.42 with the rising Ichimoku lines indicating that bullish forces are potent. The SMAs continue […]

Real Time Economic Calendar provided by