AUD/USD risk reversals retrace bearish bias

AUD/USD risk reversals hit the two-week high. Currently, AUD/USD one-month 25 delta risk reversals stand at -0.90 (AUD 0.90 puts) - the highest level since Feb. 5. The recent low was -1.20 (AUD 1.2 puts). The improvement indicates the premium claimed by AUD puts has dropped somewhat over th ...

USD/JPY – stuck in a 40-pip range

Stuck in 106.00-106.40 range.  Risk reversals retrace JPY call bias.  USD/JPY has been restricted to a narrow range of 106.00-106.40 since Friday's late NY trading and the risk reversals indicate the range could be breached on the higher side.  As of writing, the spot i ...

EU’s Verhofstadt: UK-EU trade deal will not be agreed before Brexit day

The UK’s Telegraph reports the weekend’s comments from the European (EU) Parliament’s Chief Brexit coordinator Guy Verhofstadt on the EU-UK trade deal. Key Headlines: The UK's Brexit trade deal with the EU will not be finalized before exit day. Instead, there will be a ...

China threatens retaliation if US imposes steel, aluminum tariffs

China state-run news agency Xinhua report quotes Wang Hejun, a senior official at China's Commerce Minister, as saying that China will take necessary steps to defend its rights if the United States' final decision (on tariffs) hurts Chinese interests.  Bloomberg reported o ...

NZD/USD retakes 0.74 handle

Broad-based USD weakness pushes Kiwi above 0.74.  Fears of trade war may hurt risk assets.  Kiwi found bids at 0.7376 in early Asia and rose to a session high of 0.7407, boosting the odds of a move higher to 0.7500 levels this week. Analysts at Westpac believe, "the persisten ...

AUD/USD stretching upwards to fight off Friday’s selloff, testing 0.7935

AUD/USD bumping up to start the week. RBA Meeting Minutes drop on Tuesday. AUD/USD is taking advantage of quiet market conditions with Chinese institutions shut tight for Chinese New Year's celebrations, and the pair is up almost thirty pips to start the week and testing into 0.7935 i ...

Asian Shares Higher With Greater China Markets Shut, Nikkei 225 Up Over 1%

Investing.com - Asian shares gained on Monday in holiday-thinned trade with Greater China markets shut and the US markets slated to mark President's Day. The Nikkei 225 rose 1.22%. Japan reported trade data for January with a deficit of ¥943 billion, narrower than the ¥1.0 trillion seen ...

Crude oil capturing more ground in Asia trading, WTI eyes 62.50

Oil stretching to continue bullish correction. US output remains high, but oil has shaken this off. Crude oil prices are resuming the previous fledgling upwards trend, lifting in Asia markets with WTI nearing 62.40 and Brent trading at 65.35 as of writing. Despite the recent selloff i ...

EUR/USD: headed back to recent highs on 1.25 handle?

EUR/USD pulling back into line? EUR/USD well supported technically. With the US markets closed for Presidents Day today, and China out, it is a slow start to the week and prices are likely to be contained within Friday's ranges while the dollar was able to recover some lost ground to clos ...

BOJ to delay taper due to stronger Yen – Bloomberg survey

Bank of Japan 's (BOJ) powerful stimulus will likely continue under Kuroda and the yen’s recent rise could make policy normalization even more remote, shows a Bloomberg survey of 26 economists following Abe’s nomination of Kuroda and new deputies Masayoshi Amamiya and Masazum ...

USD/CAD trades heavy as oil clocks two-week high

CAD on the rise, tracking uptick in oil. USD on the back foot across the board. Having created a bullish outside day candle on Friday, the prospects further gains in USD/CAD looked good, however, the uptick in oil prices seems to have played a spoilsport. As of writing, the USD/CAD is tradin ...

EUR/AUD seeking Friday’s low on thin markets

EUR/AUD set to continue moving sideways. ECB Non-Monetary Policy Meeting on Wednesday. EUR/AUD is indecisive to start off the week, testing the week's open price and Friday's low of 1.5676. With China's institutions shuttered for the first half of the week to celebrate Chines ...

Economic activity in eurozone to remain well above trend in 2018 – Nomura

Analysts at Nomura explained that they expect economic activity in the eurozone to remain well above trend in 2018 and well above consensus.  Key Quotes: "Core inflation should grind higher in the coming months as output gaps close and wage pressures firm." "We believe the EC ...