Archived IMT (2010.02.09)
It is not at all far-fetched for markets to drag down the euro and Eurozone sovereign bonds due to non-EUR specific dynamics; such as prolonged tightening from China (tomorrows retail sales, CPI & loan figures), hawkish remarks from Chairman Bernanke on Wednesday and/or disappointing US retail sales (attributed to bad weather). Markets typically exacerbate the risk framework from dynamics that are unrelated to the target market. CADJPY consolidation remains in 83.00-83.90s, providing ample room for traders to play the range. Strong CAN jobs figures may not permit excessive CAD shorts below 83.70 unless significant event-risk emerges. GBPUSD attempts regaining yesterdays failed resistance of $1.5670 but fresh shorts seen at those levels ahead of Wednesdays BoE inflation report & King testimony.
The Coronavirus Positioning
by Adam Button | Feb 25, 2020 16:02
Virus Sends Stocks to 4th Worst Day in Past 9 yrs
by Adam Button | Feb 24, 2020 18:25
Gold Eyes 1680 ahead of G20
by Ashraf Laidi | Feb 21, 2020 18:08
3 Charts for GBP Traders
by Ashraf Laidi | Feb 21, 2020 13:18
Is Yen-Centric Risk Back?
by Adam Button | Feb 20, 2020 17:34