Category: Analysis
Another Look At The U.S. Treasury Yield Curve
In early September, we discussed how the yield curve briefly turned negative. The yield curve we referenced was the difference between the U.S. 10-year yield and the U.S. 2-year yield. Why was this such a big deal? Because on the last 7 occasions, it…
Canada’s Prime Minister Climbs Currencies
The Canadian loonie reached its three-month high of 1.3082 per dollar when their election closed yesterday. Justin Trudeau started his second term as the Canadian Prime Minister with the minority Liberal government. Loonie is still the best performing major currency this year….
G-10 Currencies: USD/JPY Falling As Risk Sentiment Sours
Currency Markets The Pound With the GBP shrouded by a veil of uncertainty, Volumes have been very light in Asia Maybe a case of selling the facts after the latest achievements; snap election uncertainty in the mix; the good news is in…
FX: Sterling’s Near-Term Technicals
Once again the major fx markets are relatively subdued today as we wait and see if there is going to be a Brexit vote by Parliament in the UK today. If the vote passes today, the most likely overcome for…
Elections Lift Canadian Loonie
The Canadian loonie lifted when the country’s election results tilted to Justin Trudeau’s favor. The two-time Prime Minister won with a minority government on his second term. Elections normally mean uncertainty over each party’s proposed economic policies, but this year was different…
Trudeau Survives, USD/CAD Bears Still in Control
Daily USD/CAD It’s (still) the economy, stupid. In Monday night’s federal election, Prime Minister Justin Trudeau fought off a stout challenge from Conservative candidate Andrew Scheer to win his second term, with the generally strong Canadian economy playing a heavy role…
AUD/USD: Reversal
AUD/USD Bearish: Currently we are at 0.6855 in the start of a reversal (USDX flipping). We are looking to short the to the 0.382 Fibonacci at 137.38/ATR target at 0.6822 and then on to the square up at 0.6790. WATCH THE…
Pound Wobbles Ahead Of Brexit Vote
The pound is sliding towards $1.29 as investors look to the Parliamentary debate and vote on Boris Johnson’s Brexit bill. Bojo’s Brexit deal will be put before the House of Commons for a vote. This is not the meaningful vote that John…
Where Next For Leading Currencies?
Once again it’s time to check out the four primary currencies on the daily timeframes for the Japanese yen, the US dollar, the single currency and the British pound. And if we begin with the yen, the bearish sentiment signaled last week has…