After months of negotiations, the United States, Canada, and Mexico finally reached an agreement on NAFTA. The agreement materialized on the eve of the October 1st deadline.
Monday, 1 October 2018
USD/JPY Climbs to 11-Month Highs as Weekly Short Positions Swell 32%
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.
Canadian Dollar Price Outlook: Trading the USD/CAD Breakdown
Canadian Dollar is on the offensive with USD/CAD breaking below 2018 up-trend support early in the week. These are the targets & invalidation levels that matter from here.
USD Strengthened Despite ISM Manufacturing Miss
One of the more market-moving economic releases crossed the wires Monday, slightly below expectations. Still, the US Dollar pressed higher as some trade fears were soothed.
Strategy Webinar: US Dollar Trade Setups into the Monthly / 4Q Open
Webinar highlighting featured setups we’re tracking into the start of the month. Here are the updated targets & invalidation levels that matter on the USD Majors.
USD/JPY: November High on Radar as Bullish Momentum Gathers Pace
USD/JPY stands at risk of making a run at the November 2017-high (114.74) as the bullish momentum appears to be gathering pace.
CAD Soars on New NAFTA Deal, GBP Leaps on Brexit Report - US Market Open
CAD strengthened to a 4-month high vs. USD after the US/Canada reach NAFTA deal. GBP bid on fresh Brexit reports. However, Tory Conference presents risk.
UK Week Ahead: Conservative Conference and Brexit Updates | Webinar
The annual Conservative Party Conference will throw more light on the UK’s Brexit policy, and the EU will be watching with great interest.
Weekly CoT Update for USD/JPY, Crude Oil & Other Major Contracts
There was a bit of a shuffle in the JPY contract; crude oil longs have been right, but could that soon change with long-term resistance ahead?
USD Buying on Fed Balance Sheet Unwind Amid 2nd Largest Net Negative Liquidity Impact
USD to potentially receive a bid in short term as the Fed’s balance sheet unwind leads to $19bln negative impact on USD liquidity.
Bullish CADJPY - Solid Technical Support ** Raising Target **
Solid technical and fundamental support for bullish CADJPY set-up
GBPUSD Could Drop on Tory Party Conference, PMI firms
UK Manufacturing PMI saw a surprise boost in September, putting an end to 3-months of slowing growth. However, focus is on the Tory party conference with PM May to speak on Wednesday.
EURUSD Sell-Off Continues on Italian Budget Concerns, USD Strength
EURUSD remains under selling pressure and is looking to make a fresh two-week low as US dollar strength and Italian budget woes continue to drive the move.
Sunday, 30 September 2018
Yen May Fall More on NAFTA Deal as Franc Gains on EU, UK Politics
The Japanese Yen may continue to fall as markets celebrate a breakthrough NAFTA renegotiation deal but political jitters in the EU and the UK may boost the Swiss Franc.
Asian Stocks Mixed As US, Canada Reach NAFTA Deal, CAD Gains
Asia Pacific stocks were mostly higher on news that the US and Canada had reached an eleventh hour deal on overhauling NAFTA although much work still remains to do
Crude Oil Prices Aims at 2018 High, Gold at Risk After NAFTA Deal
Crude oil prices may rise while gold prices decline as financial markets cheer after the US, Mexico and Canada agree on a renegotiatedNAFTA trade deal.
Philippine Peso May Gain on CPI as USD Eyes Jobs data, Brexit News
Philippine Peso prices may rise if local CPI increase, pressuring the BSP to hike interest rates again. Indonesian Rupiah awaits the US Dollar’s response to jobs data and Brexit news.
Australian Dollar Looks To RBA As TD Inflation Stays Docile
The Australian Dollar didn’t move far on news that a private sector inflation gauge remains subdued which comes just a day before the Reserve Bank of Australia sets monetary policy
USD/JPY Ignores 3Q Tankan Data, Eyes Stocks and Possible NAFTA Deal
USD/JPY barely reacted to the release of third quarter Tankan industry and capital expenditure measures. Equities’ reaction to a possible US-Canada NAFTA deal will have more to offer.
USD/CNH Pares Gains After PMI, US-China Tariffs in Focus
The offshore Chinese Yuan gained against the US Dollar after mostly in-line September PMI data crossed the wires. Trade wars may offer a reversal through volatility soon.
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