riki143 Posted August 11, 2014 Share Posted August 11, 2014 MARKET NEWS 11 August 2014 CFTC: USD longs increase again According to the latest CFTC report, released on Aug. 8, large traders and speculators sharply raised their bullish bets in favor of the US dollar for a third straight week and to the highest total contracts level since March. Net bets on USD growth versus its major peers increased by 116K contracts to 129K contracts in the week ended Aug. 5. Net euro short position is the largest since Aug. 2012 (-128K contracts). Source: CFTC More: http://fxbazooka.com/en/news/show/1579 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 11, 2014 Share Posted August 11, 2014 MARKET NEWS Key option levels (Aug. 11) Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT). Here are the key options expiring today: EUR/USD: $1.3350 (large), $1.3370, $1.3400 (large), $1.3435 (large), $1.3450, $1.3500, $1.3535 (large); USD/JPY: 101.50/60, 101.75/85 (large), 101.90/102.00 (large) 102.50 (large); AUD/USD: $0.9250 (large), $0.9300/10, $0.9325, $0.9350; USD/CAD: 1.0920 (large), 1.0970 (large); EUR/CHF: 1.2165; EUR/GBP: 0.8000, 0.8075. More: http://fxbazooka.com/en/news/show/1580 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 13, 2014 Share Posted August 13, 2014 MARKET NEWS Aug. 12: Asian session Asian shares rose amid optimism that geopolitical risks are receding. The MSCI Asia Pacific Index added 0.4% after surging 1.2% yesterday, the most since June 19. Israeli and Palestinian negotiators staked out positions for a long-term agreement on the Gaza Strip. Ria Novosti said Russia is ready to mediate between Ukraine and separatist rebels, quoting Russian Security Council head Nikolai Patrushev. Ukrainian President Petro Poroshenko said yesterday there would be an international humanitarian mission to the city of Luhansk under the auspices of the Red Cross, involving the US, the European Union and Russia. In the Middle East, President Barack Obama gave full US support for Iraq’s president to form a new government hours after embattled Prime Minister Nouri al-Maliki rejected stepping aside for a successor. USD/JPY edged up to 102.35. EUR/USD is trading in the $1.3370 area, a bit above yesterday’s low. GBP/USD slid to $1.6756, the lowest level since the beginning on June. AUD/USD consolidates in a narrow $0.9240/70 range. Australia released a bunch of upbeat data in the session: NAB business confidence came out at 11 vs. prior 8, while HPI rose by 1.8% vs. expected 1.1%. NZD/USD was the biggest loser of the session, falling to $0.8410.Kiwi now holds just a bit above the May low. Gold price consolidates around $1307.40. More: http://fxbazooka.com/en/news/show/1582 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 13, 2014 Share Posted August 13, 2014 MARKET NEWS Key option levels (Aug. 12) Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT). Here are the key options expiring today: EUR/USD: 1.3340/50 (large), 1.3400, 1.3425; GBP/USD: 1.6900 (large); USD/JPY: 101.25, 102.00/05 (large), 102.15 (large), 102.25 (large); AUD/USD: 0.9240, 0.9300, 0.9370/75 (large); USD/CAD: 1.0930/35, 1.0950 1.0975 (large), 1.1000 (large); EUR/JPY: 136.20 (large), 136.50 (large); EUR/GBP: 0.7940, 0.7965, 0.8050. More: http://fxbazooka.com/en/news/show/1583 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 13, 2014 Share Posted August 13, 2014 MARKET NEWS 12 August 2014 Danske Bank: Ukraine in focus Geopolitical tensions appear to be easing a little bit, but the international problems will stay in focus anyway, analysts at Danske Bank say. “In Ukraine, the risk of an imminent Russian intervention appears to have eased after Russia yesterday announced that major military exercises along the Ukrainian border have ended. However, so far there are no signs that the Ukrainian government will stop its offensive in eastern Ukraine and it remains a major uncertainty how Russia will respond to the outlook for a possible Ukrainian victory”. Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 13, 2014 Share Posted August 13, 2014 MARKET NEWS 12 August 2014 Derivative traders more pessimistic on AUD Data from Bloomberg shows that derivatives traders turned the most pessimistic on Australian dollar since March. Futures positions on AUD saw last week the biggest bearish shift since January, according to the CFTC (Commodity Futures Trading Commission). Large speculators cut net wagers betting on Aussie gains by 6K to 33K in the week ended Aug. 5. The premium on options to sell the Aussie against the US dollar in 3 months over those giving the right to buy rose to 1.64 percentage points on Aug. 8, the most since March 26. Calculations based on overnight cash-rate futures show that the market is pricing in about 30% chance that the Reserve Bank of Australia will reduce the 2.5% benchmark rate by year-end compares with a 14% probability seen on Aug. 6. The median forecasts of the analysts surveyed by Bloomberg shows, however, that the majority of experts predict no change this year and an increase to 2.75% in the second quarter of 2015. So, the economists’ forecasts differ from what the market is pricing right now. More: http://fxbazooka.com/en/news/show/1585 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 13, 2014 Share Posted August 13, 2014 MARKET NEWS 12 August 2014 Fed's Fisher: recovery disappoints The US and global economic recovery has been "disappointing" so far and may signal a permanent downshift in global economic potential, US Federal Reserve Vice Chair Stanley Fischer said on Monday. According to Fischer, a slowing of US productivity, declining labor force participation and other factors may have hurt the United States' ability to generate economic growth. The same thing may be happening in Europe and in major emerging economies like China, he said, forcing central bankers to review their understanding of inflation, employment and growth in general. Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 13, 2014 Share Posted August 13, 2014 MARKET NEWS Aug. 12: American session Tatiana Norkina, FBS analyst American dollar was rising to new maximums of this year today, to 81.74, largely due to the weakening of European currencies, after the release of negative statistics for the euro area. It was followed by a correction to 81.60. Immediately on reaching new levels. However, the positive dynamics continues and, at the opening session of the US it’s more than 0.15%. Stock trading opened quite calm. DJIA index adds about 0.02% and the S & P500 - 0.05%. Closer to 22-00 UT, data on last month budget execution for the United States is expected. Strengthening of the dollar in the foreign exchange market is different. For example, EUR / USD pair fell again to 1.3335 support area but then grew to around 1.3360. Currency pair USD / CHF tested the 0.9100 figure and then collapsed in the support area of 0.9080. GBP / USD pair is trying to find a bottom and begin corrective recovery. Indeed, the proximity of 1.6730 support can give reason to a reduction in short positions of players. Bulls did not punch resistance 102.40 : day consolidation ended just below depreciation of the currency pair to 102.10 support. More: http://fxbazooka.com/en/news/show/1588 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 13, 2014 Share Posted August 13, 2014 MARKET NEWS Aug. 13: Asian session Asian stocks swung between gains and losses as investors weighed earnings reports. Chinese shares fell after the nation’s measure of new local-currency loans came at 385.2B yuan vs. 780B expected. Appetite for riskier assets has also been undermined by violence in the Middle East. Investors were also wary of the developments in Ukraine as a convoy of 280 Russian trucks carrying humanitarian aid headed for eastern Ukraine, where government forces are closing in on pro-Russian rebels. USD/JPY edged up to 102.30. Yen wasn’t affected much by the release of Japan’s GDP which shrank by 1.7% q/q in Q2. EUR/USD is trading in the $1.3360 area after spiking down to $1.3335 yesterday. GBP/USD is trading just above $1.6800. AUD/USD strengthened to $0.9280, supported by the better-than-expected NAB business confidence figure (11 vs. prior 8). Housing price index increased by 1.8%. NZD/USD consolidates slightly above the Tuesday’s 2-month low of $0.8407. Gold price dipped to $1306.8. More: http://fxbazooka.com/en/news/show/1589 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 13, 2014 Share Posted August 13, 2014 MARKET NEWS Key option levels (Aug. 13) Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT). Here are the key options expiring today: EUR/USD: $1.3325/35, $1.3340, $1.3350 (large), $1.3400/10 (large); GBP/USD: $1.6850, $1.6915 (large); USD/JPY: 102.05, 102.10, 102.15, 102.25/30, 102.50; AUD/USD: $0.9175, $0.9225, $0.9300, $0.9350, $0.9375 (large); USD/CAD: 1.0970/75; NZD/USD: $0.8450; EUR/GBP: 0.7950. More: http://fxbazooka.com/en/news/show/1590 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 13, 2014 Share Posted August 13, 2014 MARKET NEWS 13 August 2014 US retail sales: preview Analysts at Credit Agricole expect lower readings than consensus: +0.3% and +0.1% for core retail sales. The specialists think that although chain store sales have probably increased last month, the auto and gas station sales will contribute negatively to overall retail sales: “Following two strong sales months, total light vehicle unit-sales in July fell 2.5% to a 16.5 million-unit rate. Retail gasoline prices dropped 2.2%, negatively impacting gas station receipts”. More: http://fxbazooka.com/en/news/show/1591 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 13, 2014 Share Posted August 13, 2014 MARKET NEWS 13 August 2014 Credit Agricole: comments on UK wage growth Despite the overall positive trend in UK economy, the weakness in wages growth has remained puzzling, analysts at Credit Agricole say. "Two possible explanations have been advanced: higher slack in the labour market than previously thought, or alternatively temporary stickiness in wages growth due to the past period of prolonged stagnation. The various surveys tend to give credit to the latter, including the services PMI this week". Analysts still believe in an early rate hike by the BoE - supposedly, in Q1 2015. They expect the Inflation report to contain improved forecasts on the economy and inflation. pushing the regulator to hike rates. More: http://fxbazooka.com/en/news/show/1593 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 13, 2014 Share Posted August 13, 2014 MARKET NEWS 13 August 2014 The BoE cut 2014 wage growth forecast The Bank of England sounded more dovish than expected, cutting wage growth forecasts and giving no timing on rate hikes. GBP/USD slipped to a fresh 2-month low of $1.6720 on the news. Forecasts: 2014 wage growth forecast revised down from +2.5% to +1.25% unemployment rate seen at 5.4% in two years "market" sees first rate rise in Q1 2015 reaching 2% by Q4 2016 the 2% inflation target remains unchanged Marc Carney: MPC does not have a particular threshold for wage growth to trigger a rate hike expensive GBP hurts British exports slow and small rate hikes will mitigate risk that higher borrowing costs trigger slowdown pick up in productovity slack will take longer than previously expected slowdown on the housing market is due to new FCA mortgage rules and will be short-lived More: http://fxbazooka.com/en/news/show/1592 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 14, 2014 Share Posted August 14, 2014 MARKET NEWS Aug. 14: Asian session FXBAZOOKA.com - Asian stocks rose as a slowdown in the US retail sales fueled bets the Fed won’t raise interest rates earlier than expected. The expectations of lower rates in the US for a longer period of time make traders more optimistic. USD/JPY rose to 102.65. Yen fell for a fourth day as demand for safe havens declined. EUR/USD slid to $1.3355 after spiking to $1.3415 yesterday. According to the data released today, France’s economic growth stagnated in Q2, while German GDP contracted more than expected – by 0.2%.Euro zone’s GDP is due at 09:00 GMT. GBP/USD tested $1.6669 on the downside after sliding by more than 120 pips yesterday. Commodity currencies retraced a bit higher from the last week’s lows as risk sentiment improved a little. NZD/USD retraced to $0.8460 after a push $0.8490, but stays in the positive zone. New Zealand Business Manufacturing Index came a bit below the forecast (53.0 vs. 53.4 expected), while retail sales surprised to the upside (1.2% vs. 1.0% expected). AUD/USD trades under slight bearish pressure around $0.9295. More: http://fxbazooka.com/en/news/show/1596 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 14, 2014 Share Posted August 14, 2014 MARKET NEWS Key option levels (Aug. 14) Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT). Here are the key options expiring today:EUR/USD: $1.3350/60 (large), $1.3400 (large); GBP/USD: $1.6635, $1.6850; USD/JPY: 101.45/50 (large), 101.65/75 (large), 101.95 (large), 102.00 (large), 102.05; AUD/USD: $0.9275 (large), $0.9320, $0.9333; USD/CAD: 1.0880 (large), 1.0920/25 (large), 1.0990 (large); NZD/USD: $0.8550; EUR/CHF: 1.2150 (large); EUR/GBP: 0.8045. More: http://fxbazooka.com/en/news/show/1597 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 14, 2014 Share Posted August 14, 2014 MARKET NEWS 14 August 2014 Danske Bank: USD demand presists USD remains very attractive despite softer than expected US retail sales yesterday, analysts at Danske Bank say. They point that portfolio flows continue to be supportive for the USD both into the equity and US Treasury markets. Meanwhile, strategists are sceptic about the European and British currencies. EUR will likely remain under pressure following today’s euro-zone Q2 preliminary GDP, while GBP should correct lower after the yesterday's BOE disappointment. US Dollar index is now on its highest level since October 2013. Chart: Bloomberg More: http://fxbazooka.com/en/news/show/1600 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 14, 2014 Share Posted August 14, 2014 MARKET NEWS 14 August 2014 Euro area's economy stagnates FXBAZOOKA.com - The euro area’s recovery halted in Q2, underlining the vulnerability of the region to weak inflation and the deepening crisis in Ukraine. This may increase pressure on the European Central Bank to expand stimulus. German GDP contracted by 0.2% after gaining 0.8% in the first 3 months of the year, while French economic growth stagnated and Italy’s unexpectedly fell into recession. Bloomberg reports that the decline in German economy was largely due to a warm winter that shifted production to earlier months. Still, the outlook is now clouded by the impact of international sanctions against Russia over its support of separatists in Ukraine. As for France, the failure of its economy to grow for a second straight quarter made the government abandon its 2014 deficit targets. French authorities now believe that the nation’s full-year growth will account for 0.5% instead of 1%, while the deficit in 2014 will exceed the 4% limit of GDP agreed less than 4 months ago with the European Commission. Finance Minister Michel Sapin blamed European policy for the lack of expansion in Europe’s second-biggest economy. More: http://fxbazooka.com/en/news/show/1601 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 15, 2014 Share Posted August 15, 2014 MARKET NEWS Aug. 15: Asian session FXBAZOOKA.com - Asian shares pulled higher on Friday, on track for a winning week, while the euro remained close to nine-month lows after downbeat data. USD/JPY rose to 102.50, but is below yesterday’s high at 102.65. EUR/USD is little changed in the $1.3365 area. French and German banks are closed for the bank holidays. GBP/USD is trading in the $1.6690 area after it found support at the 200-day MA yesterday. Pound is waiting for the UK GDP release (second estimate). AUD/USD strengthened to $0.9325 – this is the yesterday’s high. NZD/USD recovered to $0.8480 following a dip to $0.8465. Gold price sits at $1312.10. More: http://fxbazooka.com/en/news/show/1603 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 15, 2014 Share Posted August 15, 2014 MARKET NEWS Key option levels (Aug. 15) FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT). Here are the key options expiring today: EUR/USD: 1.3400 (large) 1.3425 (large); GBP/USD: 1.6740 (large); USD/JPY: 101.80/85, 102.00, 102.25, 102.50, 103.00; AUD/USD: $0.9275, $0.9315/25, $0.9375; USD/CAD: 1.0850, 1.0875 (large), 1.0915/25 (large), 1.0950 (large); NZD/USD: 0.8450; EUR/GBP: 0.7940 0.8000 0.8100. More: http://fxbazooka.com/en/news/show/1604 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 15, 2014 Share Posted August 15, 2014 MARKET NEWS 15 August 2014 BOJ: 2015 rate hike under question The economic conditions in Japan keep on worsening. According to the unnamed Bank of Japan officials, the central bank may cut economic forecasts for the fiscal year 2014 as exports fail to support the economy, weakened by the sales tax hike in April. Economic growth for the 12 months through March 2015 will be below 1% forecasted earlier. Another related piece of news: Japan finance minister Aso said early Friday they will closely watch economic data from Q3 before deciding whether to hike rates in Octover 2015. More: http://fxbazooka.com/en/news/show/1605 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 18, 2014 Share Posted August 18, 2014 MARKET NEWS Aug. 18: Asian session Asian stocks after last week’s gains stalled as another bout of tensions in the Ukrainian conflict sapped investor confidence. US dollar weakened versus its counterparts ahead of data forecast to show inflation slowed and before central bankers meet at an annual conference in Jackson Hole. USD/JPY is trading at the 200-day MA in the 102.30 area. EUR/USD is just under $1.3400. GBP/USD opened with more than a 30-pip gap up at $1.6730. Pound rose on the comments from Bank of England’s Governor Carney who said that he would not wait for real wages to turn positive before raising interest rates. Commodity currencies trade sideways on Monday. AUD/USD consolidates around the Friday high of $0.9320. Australia new motor vehicle sales fell by 1.3% versus prior 2.2% growth. NZD/USD trades in a narrow $0.8470/8500 range. Gold sits at the 200-week MA ($1301.70). More: http://fxbazooka.com/en/news/show/1608 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 18, 2014 Share Posted August 18, 2014 MARKET NEWS Key option levels (Aug. 18) Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT). Here are the key options expiring today: USD/JPY: 101.75/80, 102.15, 102.65, 102.80 (large), 103.00; USD/CAD: 1.0925/30 (large); AUD/USD: 0.9310; EUR/CHF: 1.2000 (large), 1.2150; EUR/GBP: 0.7965, 0.8000 (large), 0.8010 (large). More: http://fxbazooka.com/en/news/show/1610 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 19, 2014 Share Posted August 19, 2014 MARKET NEWS 18 August 2014 CFTC: net USD longs declined FX BAZOOKA - According to the latest CFTC report, released om Aug. 15, large speculators reduced their net USD longs from $29.41 billion on Aug. 5 to $27.00 billion on Aug. 12. This was the first decline in positions value after 3 weeks of growth. The calculation considers the US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc. However, the amount of USD contracts rose last week from 129K contracts to 144K contracts. The total US dollar contracts calculation takes into account more currencies: the euro, British pound, Japanese yen, Swiss franc, Canadian dollar, Australian dollar, New Zealand dollar and the Mexican peso. EUR net short positions rebounded last week from the most bearish level since Aug. 2012, but still remain heavily bearish. Source: CFTC More: http://www.fxbazooka.com/en/news/show/1611 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 19, 2014 Share Posted August 19, 2014 MARKET NEWS Aug. 18: American Session Tatiana Norkina, analyst at FBS The US dollar index has kept hold above the 81.40 support today. Bullish sentiment is noticable at the American session opening, which stimulated the index to add more than 0.15%. Stock markets are also on the rise: DJIA has opened with a gap-up and is currently in the green zone - +0.80%, while S&P500 is adding over 0.65%. Important macroeconomic indicators are not expected today. Currency markets are also witnessing strengthening of the dollar positions against other major currencies. Thus, EUR/USD has bounced down from the 1.3400 figure and is now in the area of Friday's lows - 1.3360. The USD/CHF currency pair has risen to 0.9060. GBP/USD has failed to overcome the 1.6730 resistance and is decreasing into the 1.6720 area. In the meantime, bulls are restoring the USD/JPY rate to the 102.60 mark - bullish sentiments is obvious to remain. More: http://www.fxbazooka.com/en/news/show/1612 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 20, 2014 Share Posted August 20, 2014 MARKET NEWS Aug. 19: Asian session US dollar held gains against major peers as signs of economic recovery supported the case for the Fed to raise interest rates. Asian stocks rose after confidence in the US housing industry climbed to the highest level in 7 months and tensions eased over global political conflicts. USD/JPY edged up to 102.65. AUD/USD rose to $0.9340. Australian dollar gained after the nation’s central bank reiterated a period of rates stability is prudent. NZD/USD slid from $0.8475 testing $0.8424. New Zealand’s currency fell for a third day after a producer-price index declined by 0.5% in Q2. EUR/USD slid to the $1.3350 area. GBP/USD is trading on the downside, but managed to stay above $1.6700. More: http://fxbazooka.com/en/news/show/1613 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.