Market Analysis

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20 Oct 2017

DOLLAR/YEN: CARRY ON OR CARRY OVER?

Whether or not  Japanese exporters took the opportunity to add a few hedges when USDJPY again touched 113.00 on Thursday, it’s undeniable that the pair then traded lower. Perhaps traders were mindful of estimates of substantial London cut expiries at the 112.50 level on Thursday, or perhaps the market was thinking about large London cut …

 

19 Oct 2017

EURJPY: OCTOBER 26, SAVE THE DATE?

Japan’s Nomura Bank feels the October 26 European Central Bank (ECB) meeting will announce “that the size of its asset purchase programme will be tapered from EUR60bn to EUR40bn over the first six months of next year and then from EUR40bn to EUR20bn for a further three months beyond that.” If Nomura is right, it…

 

17 Oct 2017

AUDUSD: Is Gold A Guide?

Writing on Monday National Australia Bank (NAB) argued that “the fall and rise of AUDUSD, from its Sep 8th YTD high of 0.8125 to Oct 6th 0.7733 low and back to 0.7880 [on Monday], owes much to related USD volatility. Yet the move down in September and early October has been more than simply a…

 

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