- FX option expiries for 19 January 10am New York cutby Justin Low on January 19, 2022 at 9:42 am
There isn’t anything significant to take note of for today. However, there will be a couple layered for EUR/USD that are rolling off tomorrow at 1.1300 to 1.1360, so keep that in mind in case it plays into price action. For more information on how to use this data, you may refer to this pos
- History, High Inflation and Why Economists in the US Failed to Predict Itby ForexLive on January 19, 2022 at 9:29 am
Inflation is a very hot topic at the moment, and everyone is wondering if it will reach levels comparable to 1970’s. This is the first in a long time when well developed countries experience inflation, as they’ve rather been used to fight deflation in their economies. Last year, many economist
- Dip buyers start to stand their groundby Justin Low on January 19, 2022 at 9:20 am
S&P 500 futures -0.1%Nasdaq futures flatDow futures -0.1%Here we go. Just when you thought equities look doomed, dip buyers are showing up in a big way. Nasdaq futures were testing its 200-day moving average but is off that now, though the cash market will have some work to do later.I don’t see any
- 3 Forex Pairs to Trade Right Nowby ForexLive on January 19, 2022 at 9:20 am
The year started only a couple of weeks ago, but we already have a lot of fascinating movements in various trading instruments. To help you in trading, we choose several forex pairs that may surprise you and plunge greatly in a short period. GBP/JPY Japanese Yen is a haven asset, that’s no d
- Bitcoin as Crypto Safe Haven Nowby FxPro FXPro on January 19, 2022 at 9:11 am
Crypto market capitalisation slipped another 1.4% to $1.97trn. Attempts to rebound with a return above the round level faced further pressure in the morning. Notably, this time, altcoins are falling ahead of the curve. Bitcoin lost 0.8% overnight, and its share of total market capitalisation
- Gold Price Outlook: XAU/USD Range Trading Setup as US Yields Riseby Richard Snow on January 19, 2022 at 9:09 am
Gold’s allure looks to be changing as real rates start to pick up. Yields across the board rise to levels not seen since lockdown.
- IEA: A steady rise in oil supply could see a significant surplus materialize in Q1 2022on January 19, 2022 at 9:04 am
In its monthly oil market report published Wednesday, the International Energy Agency (IEA) that a steady rise in oil supply could see a significant s
- IEA says oil market headed for surplus with omicron impact rather mutedby Justin Low on January 19, 2022 at 9:03 am
Despite omicron wave, oil demand rose in Q4 2021 by 1.1 mil bpd to 99 mil bpdBut supply will soon overtake demand as some producers set to pump at or above all-time highsSteady rise in supply could see significant surplus in Q1 2022 and going forwardUS, Canada, Brazil set to pump at all-time highs f
- European Monetary Union Current Account n.s.a: €25.9B (October) vs previous €26.9Bon January 19, 2022 at 9:01 am
European Monetary Union Current Account n.s.a: €25.9B (October) vs previous €26.9B
- European Monetary Union Current Account s.a: €23.6B (October) vs €18.7Bon January 19, 2022 at 9:00 am
European Monetary Union Current Account s.a: €23.6B (October) vs €18.7B
- European Monetary Union Current Account n.s.a: €26B (October) vs previous €26.9Bon January 19, 2022 at 9:00 am
European Monetary Union Current Account n.s.a: €26B (October) vs previous €26.9B
- Eurozone November current account balance €23.6 billion vs €18.1 billion priorby Justin Low on January 19, 2022 at 8:59 am
Prior €18.1 billion The details show that surpluses were recorded for services (€23 billion) and goods (€16 billion). These were partly offset by a deficit for secondary income (€15 billion), while primary income was balanced.
- AUD/USD remains stuck in range below 0.7200, focus shifts to Australian jobson January 19, 2022 at 8:57 am
AUD/USD is moving back and forth in a familiar range just below 0.7200, lacking a clear directional bias, as investors remain divided amid a retreat i
- US Dollar Index meets some resistance near 95.80 ahead of dataon January 19, 2022 at 8:53 am
The greenback, when measured by the US Dollar Index (DXY), seems to have met some initial barrier around the 95.80 region on Wednesday. US Dollar Inde
- USD/JPY points to test stubborn resistance at 115.30 – OCBCon January 19, 2022 at 8:36 am
USD/JPY stands on slippery grounds. However, economists at OCBC Bank believe that the pair’s picture has brightened and spots a tough resistance at th
- 10-year Treasury yields extend climb, touches 1.90% for the first time in two yearsby Justin Low on January 19, 2022 at 8:35 am
Yields, yields, yields. That has been the story this week and arguably the big story so far in the opening weeks of 2022. 10-year Treasury yields are finding another leg higher today, jumping to a high of 1.90% – the highest in two years – as we see yields return back to pre-pandemic levels. The
- Natural Gas Futures: Further gains not ruled outon January 19, 2022 at 8:33 am
Open interest in natural gas futures markets increased for the second session in a row on Tuesday, this time by around 3K contracts according to advan
- AUD/USD: Loss of 0.7200 support implies more downside near-term – OCBCon January 19, 2022 at 8:31 am
AUD/USD has lost its support level at 0.7200. Economists at OCBC believe that this move opens the door to see more downside towards 0.7100. Upside mom
- EUR/USD: Next stop on the downside aligns at 1.1280/70 – OCBCon January 19, 2022 at 8:27 am
EUR/USD fell sharply on Tuesday and lost more than 0.70%. Economists at OCBC expect the world’s most popular currency pair to test the 1.1280/70 suppo
- AUD/USD to stabilise around 0.72 in the coming months – INGon January 19, 2022 at 8:21 am
The Australian dollar failed to cash in on USD weakness and commodity currency momentum at the start of the year. Economists at ING expect the AUD/USD
- EUR/NOK: Encouraging signs to see a fall to 9.90 – Credit Suisseon January 19, 2022 at 8:18 am
Economists at Credit Suisse preview this week’s Norges Bank rate decision. They retain a 9.90 EUR/NOK target. Inflationary risks remain the main drive
- USD/CAD: A rate hike by the BoC might not lead to lasting loonie strength – Credit Suisseon January 19, 2022 at 8:14 am
Economists at Credit Suisse preview next week’s Bank of Canada (BoC) rate decision, where risks of a hike have increased. However, they still stick to
- European equities slump at the openby Justin Low on January 19, 2022 at 8:10 am
Eurostoxx -0.5%Germany DAX -0.9%France CAC 40 -0.3%UK FTSE -0.4%Spain IBEX flatEquities are still largely under pressure, with tech stocks leading the downside charge. Bond yields are continuing to push higher in Europe and the US so that is weighing on the mood further as we get things going on the
- NZD/USD to stay below the 0.70 mark for the rest of the first quarter – INGon January 19, 2022 at 8:08 am
Economists at ING believe that economic data from New Zealand is not going to help the kiwi to recover. Subsequently, they expect the NZD/USD pair to
- AUD/USD to drop towards the 0.71 level by end-March – Westpacon January 19, 2022 at 8:03 am
AUD/USD fell below 0.7200 and seems to be having a tough time staging a convincing rebound. In the opinion of economists at Westpac, the pair is at ri
- South Africa Consumer Price Index (MoM) registered at 0.6% above expectations (0.4%) in Decemberon January 19, 2022 at 8:00 am
South Africa Consumer Price Index (MoM) registered at 0.6% above expectations (0.4%) in December
- South Africa Consumer Price Index (YoY) came in at 5.9%, above forecasts (5.7%) in Decemberon January 19, 2022 at 8:00 am
South Africa Consumer Price Index (YoY) came in at 5.9%, above forecasts (5.7%) in December
- EUR/USD: Sellers to retain control with a drop below 1.1320on January 19, 2022 at 7:57 am
EUR/USD has staged a modest recovery early Wednesday following Tuesday’s sharp decline but the pair could find it difficult to continue to edge higher
- NZD/USD to creep back to 0.71 on a three-month view – Rabobankon January 19, 2022 at 7:55 am
In the final two months of last year, the USD was the best performing G10 currency, with the NZD trailing towards the bottom of the pack on this horiz
- Canadian CPI Preview: Forecasts from five major banks, on a thread to stay below 5%on January 19, 2022 at 7:48 am
Statistics Canada will release December Consumer Price Index (CPI) data on Wednesday, January 19 at 13:30 and as we get closer to the release time, he
- EUR/GBP to continue working its way towards the 0.8270/80 zone – INGon January 19, 2022 at 7:45 am
Inflation figures from the UK seem to be helping the British pound stay resilient against its rivals. Economists at ING expect the EUR/GBP pair to con
- S&P 500 Index to remain under pressure as yields re-price higher – Credit Suisseon January 19, 2022 at 7:40 am
The rise in yields reinforces the existing bearish “reversal week” in the S&P 500. Analysts at Credit Suisse continue to look for further weakness to
- UK Inflation Soars in December, GBP/USD Underpinned by Strong UK Data Releasesby Nick Cawley on January 19, 2022 at 7:39 am
Price pressures in the UK continue unabated adding further pressure on the Bank of England to hike rates again at the February meeting.
- China drafting rules to ease property developers’ use of escrow funds – reportby Justin Low on January 19, 2022 at 7:38 am
The report says that Beijing is aiming to roll out new rules to make it easier for property developers to access pre-sale funds held in escrow accounts, in a bid to ease cash constraints in the embattled sector.The new rules would help developers to better meet debt obligations by letting them use f
- USD/JPY: Scope for a substantial rise to 120.00 – INGon January 19, 2022 at 7:33 am
USD/JPY has been trading up to 116.00. Economists at ING believe that the pair could surge as high as 120.00. BoJ will be the last to embrace a strong
- WTI eases to $85 as Iraq-Turkey oil pipeline flow to resume soonon January 19, 2022 at 7:28 am
The Iraq-Turkey oil pipeline is reportedly said to restart soon, Bloomberg reported, citing a Turkish official. The official said the pipeline flow wi
- German 10-year bund yields climb back above 0% for the first time since May 2019by Justin Low on January 19, 2022 at 7:14 am
This comes amid broader sentiment of rising yields, largely led by the surge higher in Treasury yields to start the year. In turn, this has also seen money markets start to price in a quicker rate hike move by the ECB. As things stand, a 10 bps rate hike is priced in for September 2022 right now.
- Forex Today: Safe-haven flows dominate markets mid-weekon January 19, 2022 at 7:09 am
Here is what you need to know on Wednesday, January 19: Wall Street’s main indexes suffered heavy losses and the 10-year US Treasury bond yield climbe
- Eurostoxx futures -0.6% in early European tradingby Justin Low on January 19, 2022 at 7:07 am
German DAX futures -0.6%UK FTSE futures -0.5%Spanish IBEX futures -0.3%This mirrors the softness in US futures, whereby higher yields are continuing to weigh on stock market sentiment in general. Tech stocks are ones still hit the hardest, with Nasdaq futures down 0.7%. Meanwhile, S&P 500 futures ar
- Gold Price Forecast: XAU/USD to suffer additional declines on a break below $1,806on January 19, 2022 at 7:04 am
Gold price is attempting a tepid bounce so far this Wednesday. But the rebound in the yellow metal appears shallow. FXStreet’s Dhwani Mehta notes that
- Germany Consumer Price Index (YoY) in line with expectations (5.3%) in Decemberon January 19, 2022 at 7:03 am
Germany Consumer Price Index (YoY) in line with expectations (5.3%) in December
- Germany December final CPI +5.3% vs +5.3% y/y prelimby Justin Low on January 19, 2022 at 7:02 am
HICP +5.7% vs +5.7% y/y prelimNo change to initial estimates as this continues to reaffirm high inflation pressures in the German economy, which is not likely to let up as we head towards the new year.
- Germany Harmonized Index of Consumer Prices (YoY) in line with expectations (5.7%) in Decemberon January 19, 2022 at 7:02 am
Germany Harmonized Index of Consumer Prices (YoY) in line with expectations (5.7%) in December
- United Kingdom Core Consumer Price Index (YoY) came in at 4.2%, above forecasts (3.9%) in Decemberon January 19, 2022 at 7:01 am
United Kingdom Core Consumer Price Index (YoY) came in at 4.2%, above forecasts (3.9%) in December
- Breaking: GBP/USD rises towards 1.3650 as UK annualized CPI beats estimates with 5.4% in Decon January 19, 2022 at 7:01 am
UK CPI rises by 5.4% YoY in December vs. +5.2% expected. more to come ….
- Russia, Ukraine Crisis Ignored by Financial Markets?by Dimitri Zabelin on January 19, 2022 at 7:00 am
Tensions between the US and Russia are escalating over the latter’s increased military presence on the Ukrainian border. Are markets underpricing the risk?
- UK December CPI +5.4% vs +5.2% y/y expectedby Justin Low on January 19, 2022 at 6:58 am
Prior +5.1% Core CPI +4.2% vs +3.9% y/y expected Prior +4.0% That’s the highest reading since March 1992 as UK inflation pressures continue to soar. The BOE will be meeting next on 3 February and given the circumstances, surely we will see a hike to the bank rate.The pound is keeping
- ECB’s Villeroy: French economic growth is good but there is too much inflationby Justin Low on January 19, 2022 at 6:46 am
Token remarks there by Villeroy. He is at least acknowledging that inflation pressures are more persistent and that it is less than desirable at the moment. However, don’t expect the ECB to do too much considering that they also still need to step up bond purchases after March.
- Iraq-Turkey oil pipeline set to restart soonby Justin Low on January 19, 2022 at 6:43 am
This relates to the earlier headline here:Oil – Iraq-Turkey oil pipeline explosion and fireOil prices have pared some of the gains from earlier on the back of the headline here but WTI is still holding above $86 currently.
- Trade ideas thread – European session 19 January 2022by Justin Low on January 19, 2022 at 6:30 am
The yen is leading gains in the major currencies space with the dollar sitting a touch softer for the most part. It’s an interesting start to the day but given the mood in equities, I fear we might see a more risk-off tilt later in the session.Higher bond yields is still the name of the game this we
- German, UK inflation on the agenda today in Europeby Justin Low on January 19, 2022 at 6:14 am
Higher yields is the key theme in trading this week and there’s little to stop 10-year Treasury yields in its path towards the November and December 2019 highs around 1.97% and more easily said the 2.00% mark.While that is the big thing that is happening, the implications for broader markets are per
- US Dollar Charges Higher as Treasury Yields Surge and Crude Oil Soars. Where to Next?by Daniel McCarthy on January 19, 2022 at 6:00 am
The US Dollar has rallied back after last week’s sell-off as debt yields lift on rate hikes coming. Will it be enough to make a new high for USD index (DXY)?
- Tokyo set to post record daily COVID-19 cases above 7,000 todayby Justin Low on January 19, 2022 at 5:53 am
Given the latest developments in Japan, it isn’t so much a surprise as the omicron emergence looks set to surpass previous waves. Expect the government to announce quasi-state of emergency measures for Tokyo and its neighbouring prefectures some time later today.Here’s a look at the virus situation
- Nikkei falls by 3% as stocks continue to be pressured lowerby Justin Low on January 19, 2022 at 5:47 am
Meanwhile, China’s CSI 300 index is also down 1% on the day currently. This comes as we are seeing some notable downside pressure on US futures as well with tech stocks once again bearing the brunt. Nasdaq futures are down 1% and that follows the drop yesterday, which saw the cash index close bel
- Oil stays buoyed on breakout but equities might have something to sayby Justin Low on January 19, 2022 at 5:40 am
Oil continues to sizzle on the week with both WTI crude and Brent crude posting respective breakouts to the topside: Technically, a strong weekly close above the resistance levels noted will allow for buyers to establish the next leg higher – perhaps even looking to $100 at some point. Howe
- Equities in a rough spot heading into European tradingby Justin Low on January 19, 2022 at 5:25 am
S&P 500 futures -0.7% Nasdaq futures -1.0% Dow futures -0.5% The more dour mood is also weighing on European futures, which are set to open with modest declines later in the session. The prospect of higher yields continue to weigh, with 2-year Treasury yields up at 1.06% and 10-year T
- BOJ: Impact of weaker yen in boosting exports has been falling in recent yearsby Justin Low on January 19, 2022 at 5:07 am
But effect of a weaker yen in improving Japan’s income balance has been increasing recentlyImpact of weaker yen on consumer prices has also been increasing in recent yearsA weaker yen as a whole brings benefits to the Japanese economyIt is important to look not just at FX levels but the pace of the
- NZD/USD inching higher after the higher interest rate forecastby Eamonn Sheridan on January 19, 2022 at 4:41 am
The post is here: ANZ forecast RBNZ cash rate to peak at 3% (prior forecast 2%)That is a chunky revision indeed, check out the link for ANZ’s reasoning. NZD/USD gained on the publishing of the note from analysts at the bank, and its moved slowly up a little more since:
- Cryptocurrency ATMs are being shut down in Singaporeaby Eamonn Sheridan on January 19, 2022 at 4:19 am
Singapore had 5 of the machines, where tokens such as BTC and ETH could be bought with fiat currency. The MAS guidelines that have led to the shuttering of the machines said the ATMS could encourage people to trade impulsively. (Those amongst us who have never traded impulsively can nod sagely, the
- Crude Oil Prices Surge to 7-Year High on Tight Demand, Iraq Pipeline Blastby Margaret Yang, CFA on January 19, 2022 at 4:00 am
WTI crude oil prices extended higher to $87 bbl, a level not seen since October 2014. A key oil pipeline from Iraq to Turkey was hit by an explosion, adding pressure to an already tight market.
- Gold Prices Down on Yield Surge but Russia-Ukraine Tensions has Bulls Ready to Fireby Thomas Westwater on January 19, 2022 at 3:00 am
Gold prices are slightly lower in APAC trading after overnight losses. Still, XAU is holding up relatively well against a big surge in Treasury yields as a military conflict between Russia and Ukra…
- Dow Jones Falls as Goldman Sachs Earnings Disappoints, Nikkei 225 May Follow Lowerby Margaret Yang, CFA on January 19, 2022 at 1:00 am
Wall Street stocks tumbled as Goldman Sachs earnings disappointed, Treasury yields climbed. Crude oil prices surged to a seven-year high. Asia-Pacific markets may trade lower.
- AUD/USD Battles US Dollar After Westpac Consumer Confidence Disappointsby Thomas Westwater on January 19, 2022 at 12:00 am
The Australian Dollar fell overnight as rising Fed rate hike bets boosted Treasury yields and the Greenback. Australia’s consumer confidence fell in January on Omicron fears.
- NZD/USD Rate on Track to Threaten January Open Range Againby David Song on January 18, 2022 at 11:00 pm
NZD/USD appears to be on track to test the monthly low (0.6733) as it extends the series of lower highs and lows from last week.
- S&P 500 Stuck Between Key Moving Averages as Traders Eye Earnings, January Fed Meetingby Brendan Fagan on January 18, 2022 at 11:00 pm
The S&P 500 remains under pressure as jitters begin to creep into markets ahead of corporate earnings, key central bank meetings.
- Trading Earnings Season: 3 Steps for Using Earnings Reportsby Peter Hanks, Ben Lobel on January 18, 2022 at 10:30 pm
Read on for our 3 steps to follow when using earnings reports for trading.
- Nasdaq 100 Plunges into Free Fall as US Yields Reprice Higher, Earnings in Focusby Diego Colman on January 18, 2022 at 9:30 pm
U.S. stocks fall across the board on Tuesday as Treasury yields continue to rise on expectations the Federal Reserve will forcefully remove policy accommodation to counter red-hot inflation.
- USD/JPY Recovery to Persist as Bullish Price Series Remains Intactby David Song on January 18, 2022 at 8:30 pm
USD/JPY may stage a larger rebound over the coming days if it manages to retain the series of higher highs and lows from the monthly low (113.48).
- 10 Trading Mistakes to Avoid in Forex Tradingby Warren Venketas on January 18, 2022 at 8:00 pm
Human error in the FX market is common and can lead to common trading mistakes. See the top 10.
- Hawkish vs Dovish: How Monetary Policy Affects FX Tradingby David Bradfield on January 18, 2022 at 6:30 pm
Hawkish and dovish policies affect FX rates through a mechanism referred to as ‘forward guidance’.
- Bank Earnings: GS and SCHW Earnings Missby Kaithleen Pesantez on January 18, 2022 at 6:01 pm
Earnings season continues to gear up in the US with this morning bringing reports from Goldman Sachs and Charles Schwab.
- Top 8 Forex Trading Strategies and their Pros and Consby Warren Venketas on January 18, 2022 at 5:00 pm
Compare the pros and cons of different forex strategies, from day trading to position trading.
- Euro Technical Analysis: EUR/USD Resistance, EUR/JPY Supportby James Stanley on January 18, 2022 at 4:00 pm
EUR/USD broke out to two-month-highs last week but found sellers in a key zone of resistance. EUR/JPY is bouncing from a key support level at the 130.00 handle.
- How to Read a Candlestick Chartby David Bradfield on January 18, 2022 at 3:30 pm
Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.
- New Variant Greets New Year: Top Trade Q1 2022by Christopher Vecchio, CFA on January 18, 2022 at 2:00 pm
As the calendar turns to 2022, the slate is wiped clean of the buoyant enthusiasm that carried risk markets higher through the second half of 2020 and all of 2021. Aggressive fiscal stimulus is now…