Author: Justin Low

Price is continuing to sit just under the 1.1400 handle

EUR/USD D1 25-06
ForexLive
It's been a relatively quiet session for the pair so far with price action inching towards the lower side on the day under the 1.1400 handle. That said, the trading range remains narrow with price largely seen between 1.1385-00 in the past few hours.

For buyers, they are still searching for a firm break above the 1.1400 handle with minor resistance also seen around 1.1420. The bias and momentum continue to sit in their favour but markets may very well be in a wait-and-see mode ahead of the Trump-Xi meeting that will take place later on in the week.

Of note, there are also expiries resting at 1.1400 (€563 million) today, 1.1370-90 (€3.4 billion) tomorrow, and again at 1.1400 (€1.5 billion) on Thursday. If you factor that in alongside month-end and quarter-end flows, it could perhaps provide some draw in anchoring price action over the next few days amid market indecision.

That said, unless price starts to threaten a fall back below the 200-day MA (blue line) @ 1.1348 then buyers are still in control of the pair and technically look poised for a continued break higher from here.

View More

Tue 25 Jun 2019 07:43:15 GMT

German yields hits new record low as bond rally continues

10-year bund yields fall to a record low of -0.33% ForexLive No reprieve for yield-seekers in Europe as the bond rally continues to gather pace amid softer risk tone in markets today. 10-year bund yields just hit a record low of -0.33% as the free fall looks set to continue unless we hear of more optimistic signs from US-China trade talks later on in the week.

View More

German yields hits new record low as bond rally continues


//az705044.vo.msecnd.net/20190625/6-25-2019-3-37-06-pm.png Justin Low
Tue 25 Jun 2019 07:43:15 GMT
Author: Justin Low
Category: News
0


10-year bund yields fall to a record low of -0.33% ForexLive No reprieve for yield-seekers in Europe as the bond rally continues to gather pace amid softer risk tone in markets today. 10-year bund yields just hit a record low of -0.33% as the free fall looks set to continue unless we hear of more optimistic signs from US-China trade talks later on in the week.

Asset 24 View More
Bitcoin cracks $10K and $11K, and backs off. What now?
Asset 41
Tue 25 Jun 2019 07:34:08 GMT

China reiterates that trade teams are working on Trump-Xi meeting

Comments by China's foreign ministry - Says nothing to add on phone call between Lighthizer and Liu He ForexLive The sentiment from the Chinese camp seems to be more of "let's see what happens when Xi meets with Trump". They're not getting ahead of themselves and managing market expectations as such. Here's what you can potentially expect when the two leaders meet up over the weekend:

View More

China reiterates that trade teams are working on Trump-Xi meeting


//az705044.vo.msecnd.net/20190315/us-china-trade.png Justin Low
Tue 25 Jun 2019 07:34:08 GMT
Author: Justin Low
Category: News
0
Comments by China's foreign ministry - Says nothing to add on phone call between Lighthizer and Liu He ForexLive The sentiment from the Chinese camp seems to be more of "let's see what happens when Xi meets with Trump". They're not getting ahead of themselves and managing market expectations as such. Here's what you can potentially expect when the two leaders meet up over the weekend:

Asset 24 View More
Tue 25 Jun 2019 07:30:16 GMT

USD/JPY vulnerable to downside as trade talks outcome priced in - Barclays

A note from the firm's securities arm in Japan ForexLive The firm argues that having seen USD/JPY slip below the 107.00 handle earlier, the next target could be around 106.60 while also not ruling out a potential fall towards 106.00 and the flash crash low just below 105.00.

View More

USD/JPY vulnerable to downside as trade talks outcome priced in - Barclays


Justin Low
Tue 25 Jun 2019 07:30:16 GMT
Author: Justin Low
Category: News
0
A note from the firm's securities arm in Japan ForexLive The firm argues that having seen USD/JPY slip below the 107.00 handle earlier, the next target could be around 106.60 while also not ruling out a potential fall towards 106.00 and the flash crash low just below 105.00.

Asset 24 View More
Tue 25 Jun 2019 07:22:01 GMT

Trade ideas thread - European session 25 June 2019

Daily thread to exchange ideas and to share your thoughts The former is buoyed by a more risk-off mood amid trade/geopolitical concerns while the latter is boosted on cross flows ahead of the RBNZ meeting decision tomorrow. The pound also crept a little higher in the past hour but the move remains rather modest so far.

View More

Trade ideas thread - European session 25 June 2019


//az705044.vo.msecnd.net/20190625/6-25-2019-3-17-32-pm.png Justin Low
Tue 25 Jun 2019 07:22:01 GMT
Author: Justin Low
Category: News
0
Daily thread to exchange ideas and to share your thoughts The former is buoyed by a more risk-off mood amid trade/geopolitical concerns while the latter is boosted on cross flows ahead of the RBNZ meeting decision tomorrow. The pound also crept a little higher in the past hour but the move remains rather modest so far.

Asset 24 View More
Tue 25 Jun 2019 07:07:04 GMT

Iran says that US policy towards Tehran displays Trump administration's 'despair'

Comments by Iranian president, Hassan Rouhani - Calls the White House 'mentally retarded' - Says Iran is practicing strategic patience but has no fear - Says that the US is lying about wanting a dialogue and new sanctions prove that ForexLive

View More

Iran says that US policy towards Tehran displays Trump administration's 'despair'


//az705044.vo.msecnd.net/20190621/us-iran.png Justin Low
Tue 25 Jun 2019 07:07:04 GMT
Author: Justin Low
Category: News
0
Comments by Iranian president, Hassan Rouhani - Calls the White House 'mentally retarded' - Says Iran is practicing strategic patience but has no fear - Says that the US is lying about wanting a dialogue and new sanctions prove that ForexLive

Asset 24 View More
Tue 25 Jun 2019 06:45:11 GMT

France June business confidence 106 vs 106 expected

Latest data released by INSEE - 25 June 2019 - 106 - Manufacturing confidence 102 vs 104 expected - Prior 104 ForexLive Business confidence holds steady for the month but there is a slight dip in manufacturing confidence, though that is reflective of sentiment surround the manufacturing sector in the euro area these days. Of note, services sector confidence rose to 107 from 106 in May and that's the highest reading since April 2018.

View More

France June business confidence 106 vs 106 expected


//az705044.vo.msecnd.net/20190625/6-25-2019-2-57-28-pm.png Justin Low
Tue 25 Jun 2019 06:45:11 GMT
Author: Justin Low
Category: News
0
Latest data released by INSEE - 25 June 2019 - 106 - Manufacturing confidence 102 vs 104 expected - Prior 104 ForexLive Business confidence holds steady for the month but there is a slight dip in manufacturing confidence, though that is reflective of sentiment surround the manufacturing sector in the euro area these days. Of note, services sector confidence rose to 107 from 106 in May and that's the highest reading since April 2018.

Asset 24 View More
Tue 25 Jun 2019 06:38:42 GMT

USD/JPY may extend drop to 104.00 by year-end - Mizuho

The firm says that the yen may extend gains as demand for haven assets rise A move towards 104.00 will see USD/JPY fall below the January flash crash low of 104.87 and would definitely bode ill for the BOJ in trying to maintain their goal towards hitting the ever-elusive 2% inflation target.

View More

USD/JPY may extend drop to 104.00 by year-end - Mizuho


//az705044.vo.msecnd.net/20190625/6-25-2019-2-37-35-pm.png Justin Low
Tue 25 Jun 2019 06:38:42 GMT
Author: Justin Low
Category: News
0
The firm says that the yen may extend gains as demand for haven assets rise A move towards 104.00 will see USD/JPY fall below the January flash crash low of 104.87 and would definitely bode ill for the BOJ in trying to maintain their goal towards hitting the ever-elusive 2% inflation target.

Asset 24 View More
Tue 25 Jun 2019 06:32:56 GMT

US' Bolton: All Iran has to do is 'walk through that open door' to enter negotiations

Comments by US national security adviser, John Bolton ForexLive

View More

US' Bolton: All Iran has to do is 'walk through that open door' to enter negotiations


Justin Low
Tue 25 Jun 2019 06:32:56 GMT
Author: Justin Low
Category: News
0
Comments by US national security adviser, John Bolton ForexLive

Asset 24 View More
Tue 25 Jun 2019 06:20:28 GMT

Reminder: Fed chair Powell due to speak later today

It's not just about trade and geopolitical headlines today gave the green light for a July rate cut ForexLive Powell is scheduled to speak at the Council on Foreign Relations in New York at 1700 GMT on the topic of 'Economic outlook and monetary policy'. There will also be a Q&A session with the moderator and the audience to take place after his speech.

View More

Reminder: Fed chair Powell due to speak later today


//az705044.vo.msecnd.net/20190307/powell-dj.png Justin Low
Tue 25 Jun 2019 06:20:28 GMT
Author: Justin Low
Category: News
0
It's not just about trade and geopolitical headlines today gave the green light for a July rate cut ForexLive Powell is scheduled to speak at the Council on Foreign Relations in New York at 1700 GMT on the topic of 'Economic outlook and monetary policy'. There will also be a Q&A session with the moderator and the audience to take place after his speech.

Asset 24 View More
Tue 25 Jun 2019 06:08:48 GMT

Eurostoxx futures -0.3% in early European trading

The softer risk tones reverberate to Europe in early trades - German DAX futures -0.3% - French CAC 40 futures -0.4% - UK FTSE futures -0.2% ForexLive This is reflective of the mood seen in US equity futures, which are down by about 0.2% as we begin the session. The overall risk tone in markets right now is one that is siding with a more risk-off approach as bond yields are also marked lower on the day.

View More

Eurostoxx futures -0.3% in early European trading


Justin Low
Tue 25 Jun 2019 06:08:48 GMT
Author: Justin Low
Category: News
0
The softer risk tones reverberate to Europe in early trades - German DAX futures -0.3% - French CAC 40 futures -0.4% - UK FTSE futures -0.2% ForexLive This is reflective of the mood seen in US equity futures, which are down by about 0.2% as we begin the session. The overall risk tone in markets right now is one that is siding with a more risk-off approach as bond yields are also marked lower on the day.

Asset 24 View More
Tue 25 Jun 2019 06:05:27 GMT

Nikkei 225 closes lower by 0.43% at 21,193.81

Tokyo's main index continues to rest below its 100-day moving average ForexLive Call it profit taking or cautious sentiment but what is clear is that markets are in a bit of a risk-off mood as we begin the European morning. USD/JPY sits lower as a result with the pair having touched a low of 106.78 earlier before sitting near 107.00 now.

View More

Nikkei 225 closes lower by 0.43% at 21,193.81


//az705044.vo.msecnd.net/20190625/0-6-25-2019-2-00-45-pm.png Justin Low
Tue 25 Jun 2019 06:05:27 GMT
Author: Justin Low
Category: News
0
Tokyo's main index continues to rest below its 100-day moving average ForexLive Call it profit taking or cautious sentiment but what is clear is that markets are in a bit of a risk-off mood as we begin the European morning. USD/JPY sits lower as a result with the pair having touched a low of 106.78 earlier before sitting near 107.00 now.

Asset 24 View More
Tue 25 Jun 2019 05:56:45 GMT

Yen holds firm ahead of European markets open

But it is the kiwi who is in charge to start the morning ForexLive The kiwi is leading gains despite more risk-off sentiment in markets at the moment, with cross flows helping to promote strength in the currency to start the day. Of note, AUD/NZD is contesting a break below the 100-day moving average and that's triggering additional selling in the pair (kiwi bids) since Asian trading.

View More

Yen holds firm ahead of European markets open


//az705044.vo.msecnd.net/20190625/6-25-2019-1-48-32-pm.png Justin Low
Tue 25 Jun 2019 05:56:45 GMT
Author: Justin Low
Category: News
0
But it is the kiwi who is in charge to start the morning ForexLive The kiwi is leading gains despite more risk-off sentiment in markets at the moment, with cross flows helping to promote strength in the currency to start the day. Of note, AUD/NZD is contesting a break below the 100-day moving average and that's triggering additional selling in the pair (kiwi bids) since Asian trading.

Asset 24 View More
Tue 25 Jun 2019 05:53:46 GMT

Federal Reserve:  Price cut for July nearly priced in at 100%

Via Bloomberg.  Yesterday was the last post on our trading mistake series while I was away in Dubai. Here is a link to all of the five lessons:   

View More

Federal Reserve:  Price cut for July nearly priced in at 100%


//az705044.vo.msecnd.net/20190624/spacex-101795-unsplash.jpg Giles Coghlan
Tue 25 Jun 2019 05:53:46 GMT
Category: News
0
Via Bloomberg.  Yesterday was the last post on our trading mistake series while I was away in Dubai. Here is a link to all of the five lessons:   

Asset 24 View More
Tue 25 Jun 2019 05:27:54 GMT

What's priced in for the RBNZ decision tomorrow?

Markets are not expecting a rate cut by the New Zealand central bank ForexLive But can the RBNZ afford such a move? Despite more risk-off sentiment in markets today, the kiwi is among the better performers alongside the yen amid cross flows against the aussie. Part of the market chatter today is that the flows are coming as the RBNZ is seen holding rates steady tomorrow and the OIS market pricing only reflects a ~20% probability of the RBNZ cutting the OCR.

View More

What's priced in for the RBNZ decision tomorrow?


//az705044.vo.msecnd.net/20190625/6-25-2019-1-15-32-pm.png Justin Low
Tue 25 Jun 2019 05:27:54 GMT
Author: Justin Low
Category: News
0
Markets are not expecting a rate cut by the New Zealand central bank ForexLive But can the RBNZ afford such a move? Despite more risk-off sentiment in markets today, the kiwi is among the better performers alongside the yen amid cross flows against the aussie. Part of the market chatter today is that the flows are coming as the RBNZ is seen holding rates steady tomorrow and the OIS market pricing only reflects a ~20% probability of the RBNZ cutting the OCR.

Asset 24 View More
Tue 25 Jun 2019 04:53:06 GMT

Who's got it right? Currencies or stocks?

The currency and equities markets are sending two different signals CFTC data ForexLive But it is interesting to note a bit of a divergence in what we're seeing currently in markets. Looking at the data last week:

View More

Who's got it right? Currencies or stocks?


//az705044.vo.msecnd.net/20190625/6-25-2019-1-01-39-pm.png Justin Low
Tue 25 Jun 2019 04:53:06 GMT
Author: Justin Low
Category: News
0
The currency and equities markets are sending two different signals CFTC data ForexLive But it is interesting to note a bit of a divergence in what we're seeing currently in markets. Looking at the data last week:

Asset 24 View More
Tue 25 Jun 2019 04:43:33 GMT

Economic data coming up in the European session

Another light calendar day in the European morning today Other major currencies continue to sit tight in their respective ranges as the main focus remains on the dollar still amid US-China trade talks still to come this week.

View More

Economic data coming up in the European session


//az705044.vo.msecnd.net/20190625/6-25-2019-1-00-40-pm.png Justin Low
Tue 25 Jun 2019 04:43:33 GMT
Author: Justin Low
Category: News
0
Another light calendar day in the European morning today Other major currencies continue to sit tight in their respective ranges as the main focus remains on the dollar still amid US-China trade talks still to come this week.

Asset 24 View More
Tue 25 Jun 2019 04:25:39 GMT

USD/JPY slips under 107.00 as geopolitical tensions add to yen gains

US-Iran headlines are contributing to the softer risk mood As such, the pair is continuing to make fresh lows since the January flash crash and there isn't too much support that buyers can cling on to from hereon. The 76.4 retracement level @ 106.65 is the next key level to watch with light bids seen around 106.50 but it's going to be all about geopolitical and trade tensions this week.

View More

USD/JPY slips under 107.00 as geopolitical tensions add to yen gains


//az705044.vo.msecnd.net/20190625/6-25-2019-1-00-57-pm.png Justin Low
Tue 25 Jun 2019 04:25:39 GMT
Author: Justin Low
Category: Technical Analysis
0
US-Iran headlines are contributing to the softer risk mood As such, the pair is continuing to make fresh lows since the January flash crash and there isn't too much support that buyers can cling on to from hereon. The 76.4 retracement level @ 106.65 is the next key level to watch with light bids seen around 106.50 but it's going to be all about geopolitical and trade tensions this week.

Asset 24 View More
Tue 25 Jun 2019 04:14:45 GMT

Iran says that new sanctions mean diplomatic path is closed 'forever'

Comments by Iran's foreign ministry ForexLive The headline is also helping to give USD/JPY a further nudge lower, with the pair falling just under the 107.00 handle now.

View More

Iran says that new sanctions mean diplomatic path is closed 'forever'


//az705044.vo.msecnd.net/20190621/us-iran.png Justin Low
Tue 25 Jun 2019 04:14:45 GMT
Author: Justin Low
Category: News
0
Comments by Iran's foreign ministry ForexLive The headline is also helping to give USD/JPY a further nudge lower, with the pair falling just under the 107.00 handle now.

Asset 24 View More
Tue 25 Jun 2019 03:57:18 GMT

Gold also a beneficiary of Iran tensions (and a break of the 6 year high of course)

Oh and a weak US dollar. And lower rates globally. What have I left out? Central bank buyers? Yep, that too. Gold above 1435USD. Its been on the up since breaking out of its multi year range last week. 

View More

Gold also a beneficiary of Iran tensions (and a break of the 6 year high of course)


https://az705044.vo.msecnd.net/20190625/gold-chart-wrap-25-june-2019.png Eamonn Sheridan
Tue 25 Jun 2019 03:57:18 GMT
Category: News
0
Oh and a weak US dollar. And lower rates globally. What have I left out? Central bank buyers? Yep, that too. Gold above 1435USD. Its been on the up since breaking out of its multi year range last week. 

Asset 24 View More
Tue 25 Jun 2019 03:50:23 GMT

ForexLive Asia FX news wrap: Yen higher

Forex news for Asia trading Tuesday 25 June 2019 USD/JPY dropped during Tokyo morning trade, down towards 107.00 (not quite there as i update ...whoops there it goes!) and its lowest since early January this year. Yen crosses slid alongside.

View More

ForexLive Asia FX news wrap: Yen higher


https://az705044.vo.msecnd.net/20190625/eur-wrap-25-june-2019.png Eamonn Sheridan
Tue 25 Jun 2019 03:50:23 GMT
Category: News
0
Forex news for Asia trading Tuesday 25 June 2019 USD/JPY dropped during Tokyo morning trade, down towards 107.00 (not quite there as i update ...whoops there it goes!) and its lowest since early January this year. Yen crosses slid alongside.

Asset 24 View More
Tue 25 Jun 2019 03:45:48 GMT

Iran's foreign minister says latest US sanctions means 'closing channel of diplomacy for ever'

Iran's Foreign Minister tweeting that out. I guess that's just what the kids are doing now, right? Anyway, forever is a long time. With any luck there will be some thawing in relations between the two countries. hard to see it though, I'll admit. Tension s will continue to be a support for oil. And yen. its knocking on the 107 door as I post

View More

Iran's foreign minister says latest US sanctions means 'closing channel of diplomacy for ever'


https://az705044.vo.msecnd.net/20190625/usdyen-iran.png Eamonn Sheridan
Tue 25 Jun 2019 03:45:48 GMT
Category: News
0
Iran's Foreign Minister tweeting that out. I guess that's just what the kids are doing now, right? Anyway, forever is a long time. With any luck there will be some thawing in relations between the two countries. hard to see it though, I'll admit. Tension s will continue to be a support for oil. And yen. its knocking on the 107 door as I post

Asset 24 View More
Tue 25 Jun 2019 03:25:44 GMT

More on Boris Johnson saying he is serious about 'no-deal' Brexit threat

A bit more detail on what the front runner for becoming new UK PM is thinking on Brexit.  I had the headlines earlier: BJ wanting a no deal is hardly news, he's been banging on about it in his Telegraph column ever since he got the boot as Foreign Minister (although he says he resigned).

View More

More on Boris Johnson saying he is serious about 'no-deal' Brexit threat


https://az705044.vo.msecnd.net/20160222/boris-firing-gun.jpg Eamonn Sheridan
Tue 25 Jun 2019 03:25:44 GMT
Category: News
0
A bit more detail on what the front runner for becoming new UK PM is thinking on Brexit.  I had the headlines earlier: BJ wanting a no deal is hardly news, he's been banging on about it in his Telegraph column ever since he got the boot as Foreign Minister (although he says he resigned).

Asset 24 View More
Tue 25 Jun 2019 03:05:59 GMT

USD/JPY is hitting lows not seen since early in January

USD/JPY has barely held above 107.00 in Tokyo during morning trade 9its just gone noon there now). Heading into the G20 meeting Thursday and Friday Japanese authorities will not be too concerned about yen strength, it might fend off some 'manipulation' accusations from the US.

View More

USD/JPY is hitting lows not seen since early in January


https://az705044.vo.msecnd.net/20190625/usdyen-chart-25-june-2019-g20.png Eamonn Sheridan
Tue 25 Jun 2019 03:05:59 GMT
Category: News
0
USD/JPY has barely held above 107.00 in Tokyo during morning trade 9its just gone noon there now). Heading into the G20 meeting Thursday and Friday Japanese authorities will not be too concerned about yen strength, it might fend off some 'manipulation' accusations from the US.

Asset 24 View More
Tue 25 Jun 2019 02:48:11 GMT

Xinhua confirm US and China trade talks to resume

Official China media (state run media) Xinhua confirming the news from earlier. The gist: - trade negotiators for China and the United States have agreed to resume discussions to resolve their trade dispute ---

View More

Xinhua confirm US and China trade talks to resume


https://az705044.vo.msecnd.net/20190324/mnuchin-liu-lighthizer.png Eamonn Sheridan
Tue 25 Jun 2019 02:48:11 GMT
Category: News
0
Official China media (state run media) Xinhua confirming the news from earlier. The gist: - trade negotiators for China and the United States have agreed to resume discussions to resolve their trade dispute ---

Asset 24 View More

More Headlines


By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose