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What’s the market mood? Sentiment analysis is simply understanding the current mood of the market.   The market, like a person, is subject to different moods. Correctly reading the market’s mood is crucial in making profit. Now, if you misread a person’s mood you may end up accidentally feeling the effect of a person’s bad

Japan inflation target is 2% y/y. Not even close (this has been the case for many years) National CPI 0.2% y/y expected 0.2%, prior was 0.3% National CPI -0.4% y/y excluding Fresh Food expected -0.4%, prior was 0.0% National CPI excluding Food, Energy -0.1% y/y expected -0.1%, prior was 0.4%   more to come  For bank trade

Look out below, GBP sinks on BoE decision Other markets FTSE -0.42% Dax -0.72% Gold -0.59% US oil +0.05% The session started with USD strength dominating the price action post FOMC. Whereas not overly bullish, the Fed was not as bearish as the market was hoping for and there were no updates on any QE

Official economic growth announcements are most often viewed as old news and don’t tend to shift FX around too much unless they are well away from expectations. Today’s Q2 GDP from NZ was a little better than the median consensus estimate: NZD/USD is little changed, down a few tics:

16 September 2020 Other markets FTSE -0.20% Euro Stoxx -0.06% Dax -0.03% CAC -0.02% Gold +0.49% US oil +2.12%  The session started with a positive risk sentiment that saw the USD weaker across the major currencies. That accelerated around mid-morning and risk appetite was positive and US futures were positive on the session alongside European

Just goes to show, when you lose Kim Kardashian you are in big trouble Dow Jones with the report on FTC preparations: Federal Trade Commission preparing a possible antitrust lawsuit against Facebook could file by the end of the year (oh, and ICYMI on Kim: )For bank trade ideas, check out eFX Plus

September 15 Other markets FTSE +1.04% Euro Stoxx +0.55% Dax+ 0.34 % Bitcoin +1.82% Gold +0.66% US oil +1.58 % GBP and NZD firm against the USD The session started positively tilted towards risk after better than expected data out from Chinese industrial production and retail sales. This saw a nice pop higher in AUDUSD

New Zealand is on track for its election, date is Saturday 17 October 2020. A snippet from Citi on the kiwi $ heading into the date. Analysts at the bank remain bearish into the election citing  renewed dovishness suggested by the RBNZ widening current account deficit On NZD/USD:  We believe there will be a break of

It’s all in your head It is easy to see why trading psychology is an area that is often overlooked by traders, especially when they are starting out. However, seasoned traders, who have spent years in the markets, understand that the traders who are going to keep going for the long haul are those who

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

What’s the election trade? Bank of America Global Research maintains a bullish bias on the USD, expecting a broad rally to unfold into the November elections. “We expect a USD rally to unfold into the November election and have recommended long exposure against the more cyclical, higher beta parts of the G10 FX spectrum vulnerable to

You’ll recall last week that clinical trials of the  COVID-19 vaccine candidate from Oxford / AstraZeneca were paused: News now that AstraZeneca said it received notification from the UK’s Medicines Health Regulatory Authority that it was safe to resume clinical trials.  While trials can now resume in the UK, elsewhere remains unclear; says AstraZeneca in a

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

Forex news for North American trading on September 11, 2020: Markets: S&P 500 up 2 points to 3340 US 10-yaer yields down 1 bps to 0.67% Gold down $4 to $1941 WTI crude oil up 2 cents to $37.31 AUD leads, GBP lags The CPI report was largely driven by a jump in used car

Bloomberg reports, citing a statement by the Chinese foreign ministry China is said to have notified the US of measures against its diplomats in the mainland and in Hong Kong, with the retaliatory move coming in relation to US’ own limits on Chinese diplomats at the start of the month here.

BusinessNZ manufacturing PMI reflecting the renewed restrictions imposed in New Zealand for the month, especially the harsher ones in the major centre of Auckaland.  BusinessNZ’s executive director for manufacturing Catherine Beard: “After two months of playing catch-up, the level 3 lockdown placed on New Zealand’s largest population and economic region meant the sector would experience

Further progression of the bill in parliament is to be held next week Just take note of this as we look towards the agenda next week, but the meeting between the UK and EU today will set the tone for everything. European Commission vice president of interinstitutional relations, Maroš Šefčovič, will be meeting with UK Cabinet

Further strains in US-China relations.  Via Sky overnight: Six Chinese citizens have either left Australia after being questioned by intelligence agencies or been denied re-entry into the nation after allegedly engaging in espionage or foreign interference. AUD not bothered, sitting on its high (compared with overnight trade) … US equity futures on Globex gaining on