Week Ahead

• October 4, 2019

Currency Point: Oxymorons

• September 20, 2019

‘A hawkish cut’, ‘dovish upgrades’ and ‘potential non-movement’ – the oxymorons are strong in policy speak currently. Over the past week four G10 currency central banks have moved rates, three cut, one hiked.Which leads us to review the outlooks for certain currencies and assess our overall playbook.In the world of FX all reviews should start with

Currency Point: DXY me this

• September 6, 2019

In the increasingly risky FX landscape single pair/cross risk may no longer be the best option to trade due to gapping and being stopped out. We only have to look back at the month of August to see this kind of risk playing out. EUR, GBP, AUD, NZD and the Scandinavian currencies all took a

Currency Point – Currency Point The Peg

• August 9, 2019

FX has been rocked by the ramp-up in action of the US-China trade war. The fact the PBoC is now willing to use the RMB as a mechanism to counter-tariffs is a new dimension for markets. It also shows that the FX market has now become a ‘battle ground’ and thus risk and commodity currencies

Currency Point – XAU hit by USD

• August 2, 2019

Everyone is talking about the ‘hawkish cut’ and the reweighting taking place in FX. The strength of the USD should not be underestimated, it has seen GBP, AUD, EUR and NZD get pounded to multi-year lows. It was even more painful when you factor in Powell’s testimony; his bumbling and inability to clarify the Board’s

Currency Point – Adding to our positions, knocking a pair out

• July 19, 2019

Our USD thesis is very much holding true. In fact, the fait accompli around the cut to the Federal Funds Rate has been strengthened further by several events of the past week. These been:– New York President John Williams confirming that its ‘better to take preventative measures’– Vice Chair Richard Clarida followed this comment in an

Currency Point – USD, fait accompli?

• July 12, 2019

The USD, from a market perspective anyway, is facing in a very dovish set up; and that’s despite last week’s strong non-farm payrolls (NFP). The NFPs certain throw out a red herring, its strength saw pairs whipsawing away from trend and did in fact knock out a previous trade idea in USD/JPY by hitting our

Currency Point – In Safety We Trust

• July 5, 2019

Disclaimer: This material contains information from external sources and is intended for education and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Derivatives can be risky; losses can exceed your initial payment. FP Markets recommends that you seek independent advice.