AUD/NZD The trade war rhetoric between the US and China had been weighing on the AUD yesterday. Furthermore, the had added fuel to the selling with . However, No-one ever quites believe Trump will instigate a massive crisis. His modus operandi is to create a crisis, get people’s attention and then get a deal done.Details
USD/CAD touches a high of 1.3309 on the day There isn’t much of a catalyst to have sparked the move that I can see, but the run here appears more technical than anything else. After clearing the 61.8 retracement level @ 1.3132 – an area which stalled the March highs, it’s been clear sailing so…Details
USDJPY rebounds as S&P fall stalls and corrects. Now both are testing targets. Key levels for traders.
S&P stalled at lower trend line. The S&P index fell in early trading, but was able to find support against a lower trend line at the 2743 area (). The low reached 2743.19 and the price bounced as shorts covered.Details
Back to 50% midpoint level The GBPUSD has worked it’s way to a NY session high and in the process is threatening to move back above the 50% retracement of the move up from the January 2017 low. That level comes in at 1.31858. The price just ticked up to 1.3186 but has backed off.Details
There is a low floor area for NZDUSD which keeps holding the sellers weight. Can it continue into the new day?
The 0.6881-837 has now stalled the fall 4 separate times The NZDUSD has developed a key floor area that keeps on providing firm footing for buyers on dips that level comes in at 0.6881-837.Details
Nasdaq and S&P close lower, and Russell index rises The big multi-nationals were the dogs today as the tit-for-tat trade war with China has investors worried for those names.Details
It might be a UK and US holiday, but no matter! A large size close by option expiry at 10am NY time today – Just the one notable: – EUR/USD at 1.1700, amount EUR 774mDetails
Five reasons to be optimistic about the future It was a rough week in global markets so it’s a good time to take a step back and look at the ultra-long term. To me, being bearish in the big picture is insanity because mankind has already solved so many problems. I talk about how all the…Details
Kicking off the calendar today for Australian info is the weekly ANZ Roy Morgan survey of consumer confidence (due at 2330GMT) – Last week was a big jump to 123.0 (from 116.5 the previous week) and back to around 2018 highs:Details
We get Reserve Bank of Australia minutes for the June meeting today, coming up at 0130GMT on Tuesday 19 June 2018 – And then we get a speech from RBA Governor Lowe the following day, Wednesday 20 June 2018 at 1330GMT I had earlier comments on these eventsDetails