Category: Liquidity

March 30, 2023

The Japanese Yen slid lower overnight with the US Dollar gaining against most currencies, but it was more pronounced against the Yen. USD/JPY made a high of 132.89 going into the New York close, which was just shy of last […]

March 28, 2023

Risk markets are flat to marginally higher in quiet trade Tuesday as traders try and look past the recent banking turbulence. The First Citizen partial takeover of SVB over the weekend and the seemingly unlimited amounts of US dollar liquidity […]

March 13, 2023

The Australian dollar garnered support this Monday morning after continued concern over the Silicon Valley Bank (SIVB) collapse despite US policy makers (Federal Reserve, US Treasury and the Federal Deposit Insurance Corporation) issuing statements in attempts to quell worries in […]

March 13, 2023

The collapse of SVB (Silicon Valley Bank) has sent jitters through global markets, supporting safe-haven gold. After the financial institution came under scrutiny last week, fears over client’s access to deposits exacerbated concerns. While the collapse marks the largest bank […]

March 10, 2023

The euro gathered some support this Friday morning with a marginally weaker USD and better than expected German CPI data (see economic calendar below). Although actual numbers printed in line with forecasts, the 8.7% figure highlights the elevated and stubborn […]

March 9, 2023

The Australian dollar is attempting a pullback this Thursday after Tuesday’s 2.2% fall against the U.S. dollar. The morning kicked off with some poor economic data (see calendar below) out of Australia by way of building permits and private house […]

March 8, 2023

Gold prices consolidated in the early part of the European session following yesterday’s selloff as $1800 psychological level comes back into focus. Gold is looking to extend its losing streak to a third straight day as a batch of US […]

March 8, 2023

The US dollar looks set to gain further against some of its peers on relative outperformance of the US economy and monetary policy edge. In his semi-annual testimony to lawmakers, US Federal Reserve Chair Jerome Powell stepped up hawkishness, saying […]

March 7, 2023

EUR/USD jumped higher to start this week ahead of Federal Reserve Chair Jerome Powell’s testimony to Senate Banking Committee in Washington on Tuesday and Wednesday. Additional event risk may also lie in the Euro wide GDP figures that will be […]

March 6, 2023

The Australian dollar gave up some of its gains this Monday morning after China’s National People’s Congress (NPC) delivered a more conservative outlook for 2023 GDP. Forecasts now point to 5% as opposed to the anticipated 5.5-6% range which may […]

March 6, 2023

Bitcoin and Ethereum prices have stabilized after Friday’s plunge that occurred on rising fears over crypto-based bank, Silvergate. After announcing a 40% reduction in its workforce, the firm announced a “risk-based” decision to discontinue its Exchange Network. As Coinbase, Galaxy […]

February 28, 2023

The Canadian dollar has been at the mercy of USD dictatorship of recent as the markets continue its hawkish repricing of interest rate guidance for the Federal Reserve. Peak rates for 2023 have now pushed up above 5.4% while money […]

February 27, 2023

The British pound has not really moved much overnight in the Asian session largely due to the follow through from Friday’s US core PCE price index that showed elevated inflation pressures via the Fed’s preferred measure. Terminal rates for 2023 […]

February 24, 2023

Gold prices declined yesterday printing a fresh low around the $1817 mark in the US session. Overnight buying pushed the precious metal back toward the $1825 handle with the European open facilitating further declines (trading at $1820 at the time […]

February 22, 2023

The British Pound is trading on either side of 1.2100 against the US dollar, buoyed by better-than-expected data this week. While the US dollar is also strong, supported by rising US Treasury yields, Sterling is making gains against its counterpart […]

February 21, 2023

Bitcoin prices have surged over 50% since the start of the year and approximately 6.5% this month. With a 39.93% rally in January allowing BTC to breach $20,000, the speculative asset has continued to climb, rising to another big level […]

February 21, 2023

Short-term downward momentum in the Japanese yen remains intact ahead of Friday’s US core PCE price index data. Recent strong US data have triggered a dramatic repricing higher in Fed rate expectations and the market will be watching for cues […]

February 20, 2023

The US Dollar has started the week slightly firmer as the markets contemplate a Federal Reserve turning more hawkish at their Federal Open Market Committee (FOMC) meeting in late March. The possibility got legs after Cleveland Fed President Loretta Mester […]

February 17, 2023

Gold prices were little changed by the end of Thursday’s trading session, but the yellow metal extend its recent losing streak during Friday’s Asia-Pacific trading session. The anti-fiat yellow metal is now on course to sink over 2 percent this […]

February 15, 2023

After a choppy session, EUR/USD ended largely flat after US CPI data provided little cues on the future path of Fed policy, reasserting the broader consolidation backdrop in EUR/USD. While consumer prices rose 6.4% on-year in January, the smallest rise […]