CurrencyKey Pairs the Hawk Eyeing This Week Bg 7/22 & Trade Ideas
GLOBALTradewars & Growth - take your pick. Will stimulus work or will Trump get his wish of ever lower rates - does this story ever change. Iran maybe?
AUDLong @6975 (11/7) TP 7050 (win) Another long taken @7072 TP 7192
EURLong @1270 (11/7) TP 1380
GBPLong @2530 (11/7) TP 2700
JPYLong$ @108 (11/7) TP 10879 KO'D
NZD Pass the milk
USDFavoring short $ - cautious on back of growth concern
WTIlong @ 5617 TP 5950 long @ 5627 TP 5730
ChinaSee below

RSS China Watch

  • China Watch – Economy Going from Bad to Worse September 16, 2019
    China’s macroeconomic indicators showed significant weakness across the board. Industrial production gained +4.4% y/y in August, easing from +4.8% in the prior month. The growth rate came in weaker than consensus of +5.2% and marks the slowest in over 17 years. The rapid slowdown was partly driven by the cutback of production ahead of October […]
  • China Watch – Tariff Exemption Further Evidenced Weakness in Underlying Economy September 12, 2019
    China announced that 16 types of US exports will be exempted from tariff. While this may be a gesture ahead of the October trade negotiation, we view this as a sign of further weakness in china’s economic outlook. Trade data surprised to the downside in August with both exports and imports coming in weaker than […]
  • China Cuts Banks’ Lending Rates as Trade War Escalates August 27, 2019
    PBOC has recently made some changes in its interest rate policy. Following the move to link the loan prime rate (LPR) to open market operations, the medium lending facility (MLF) rate, the central bank over the weekend announced the plan to set a floor for mortgage rate. The first change essentially lowers banks’ lending rates […]

RSS Special Reports

  • Moody’s and Fitch’s Downgrade Hong Kong on Concerns about Closer Link with China September 17, 2019
    On the 100th day of Hong Kong’s anti-extradition movement, Moody’s downgraded the territory’s outlook to negative from stable. Although the credit rating stayed unchanged at Aa2 (two notches above China’s A1), a negative outlook signals that a rating downgrade could come in one to two years. Less than two weeks ago, Fitch’s downgraded Hong Kong’s […]
  • CFTC Commitments of Traders – Traders Trimmed Bets on USD as Fed Expected to Cut Rate Next Week September 14, 2019
    As suggested in the CFTC Commitments of Traders report in the week ended September 10, NET LENGTH in USD Index added +296 contracts to 32 032. Speculative long positions ell -4 927 contracts and short positions also declined -5 223 contracts. Traders trimmed bets on the greenback ahead of the FOMC meeting next week. Concerning […]
  • CFTC Commitments of Traders – Greenback Lacks Direction Ahead of FOMC Meeting September 9, 2019
    As suggested in the CFTC Commitments of Traders report in the week ended September 3, NET LENGTH in USD Index added +1 839 contracts to 31 336. Speculative long positions rose +6 308 contracts and short positions also added +4 469 contracts. Greenback becomes directionless ahead of the FOMC meeting next week. Concerning European currencies, […]

RSS Action Forex Fundamental Analysis

  • EUR/USD Aim @ 1.1110 September 18, 2019
    Pivot (invalidation): 1.1040 Our preference nLong positions above 1.1040 with targets at 1.1085 & 1.1110 in extension. Alternative scenario Below 1.1040 look for further downside with 1.1020 & 1.1005 as targets. Comment Technically the RSI is above its neutrality area at 50. The post EUR/USD Aim @ 1.1110 appeared first on Action Forex.
    Swissquote Bank SA
  • The NY Fed Smoothed Tensions Again By Announcing A Similar Operation For Today September 18, 2019
    Markets Tensions on US money markets, which started building from last Friday, escalated yesterday. US repo rates spike up to 10%, forcing the NY Fed to make up to $75bn available (eventually $53bn injected) through a repo auction in which it accepts US Treasuries and other securities as collateral in exchange for cash. It was […]
    KBC Bank
  • Gold Prices Remain Flat September 18, 2019
    The precious metal continued to trade flat ahead of the Fed meeting today. The market risk sentiment was also rather mixed. But this sideways range could be breached following the outcome of today’s Fed meeting. The bias remains to the upside at the moment. Will XAU/USD Breakout Higher Gold prices are currently holding the sideways […]
  • Sterling Gains Despite No Brexit Breakthrough September 18, 2019
    The pound sterling was seen posting gains, regaining the lost bullish momentum. The gains in the currency came despite the EU officials noting that there was no major breakthrough with the UK on Brexit. This comes as UK officials laid out new plans to avoid the Irish backstop arrangement. GBP/USD on Track to Test Resistance […]

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