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MARKET NEWS 21 July 2014 CFTC: USD longs slightly down According to the latest CFTC report, released on July 18, large traders and speculators slightly decreased their US dollar bullish bets on the week ended July 15. The overall USD long position declined from $10.34 billion on July 8 to...

MARKET NEWS Key option levels (July 21) Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of...

MARKET NEWS July 21: Asian session Trading wasn’t very active in Asia as it’s a bank holiday in Japan and amid concerns that geopolitical tensions could flare up at any time. USD/JPY slid to 101.19. EUR/USD rose to $1.3548. GBP/USD edged up and is trading just below $0.7100. AUD/USD...

MARKET NEWS Key option levels (July 18) Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of...

MARKET NEWS July 18: Asian session EUR/JPY touched the lowest level since February at 136.70 as investors sought haven assets after a Malaysia Airlines plane was shot down over Ukraine and amid escalating tension in the Gaza Strip. USD/JPY rose from the lows in the 101.10 area to 101.40...

MARKET NEWS 17 July 2014 Central banks buy Treasuries Analysts at Wells Fargo Securities point out that US Treasuries are becoming more popular among foreign reserve fund managers in comparison with what was in 2013. In the past 4 months, the net purchases of Treasuries by central banks have...

MARKET NEWS 17 July 2014 Bank of Canada and impact on CAD USD/CAD spiked up to 1.0794 yesterday before easing down to 1.0730 today. The Bank of Canada kept the overnight rate unchanged at 1.0%. The BOC Governor Stephen Poloz refrained from commenting on strength of the national currency as he...

MARKET NEWS 17 July 2014 US expands sanctions against Russia US administration announced new, tougher sanctions against Russia on Wednesday, stressing that Russia was responsible for the continuing support of separatists battling government forces in Ukraine. New measures target major Russian...

MARKET NEWS Key option levels (July 17) Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of...

MARKET NEWS July 17: Asian session USD/JPY slid to 101.45. Yen strengthened as demand for it as a safe haven increased after the US imposed extra sanctions on Russia over Ukraine. In general US dollar was near the 4-week high as economists said US data will show housing starts and a measure...

MARKET NEWS 16 July 2014 What to expect from Yellen? BNPP: "Our economics team does not expect today’s message to differ notably from what was communicated in the statement, press conference and FOMC minutes (of June 18). While jobs data has beaten expectations, GDP components have been...

MARKET NEWS 16 July 2014 UK: mixed employment data UK unemployment lowered from 6.6% to 6.5%, while claimant count contracted by 36K (forecast: -27K). However, the figures are not so positive as it may seem: average earnings index growth slowed from 0.8% to 0.3% (forecast: 0.5%). markets are...

MARKET NEWS July 16: Asian session Asian stocks held stubbornly steady on Wednesday after China reported economic growth that was just ahead of market expectations, enough to prompt a sigh of relief from investors, but little else. China’s GDP added 7.5% in Q2 on the annual basis vs. 7.4%...

MARKET NEWS July 15: American Session Tatiana Norkina, analyst at FBS Mixed economic data are preventing the U.S. dollar index from growing today. Nevertheless, there is a possibility of a break through the 80.30 resistnace, under which the index has been consolidating for the past three...

MARKET NEWS 15 July 2014 Yellen: ahead of the testimony The Fed’s Chair Janet Yellen will testify to the Congress today and tomorrow at 14:00 GMT. The discussion will probably be about the period low interest rates, inflation outlook and the possibility of a guideline to the central bank’s...

MARKET NEWS 15 July 2014 Negative news from the euro area EUR/USD slid below $1.3090 as German ZEW economic sentiment came below expectations, at 27.1 vs. the forecast of 28.9 and the previous reading of 29.8. The index for the entire euro area has also missed forecasts coming at 61.8 vs. 62.3...

MARKET NEWS 15 July 2014 GBP supported by the stong CPI British pound strengthened in the European session as the UK inflation data came mostly better than expected. June CPI came out much better than expected at +0.2% m/m and +1.9% y/y vs. -0.1% m/m and +1.6% y/y. GBP/USD came under bearish...

MARKET NEWS 15 July 2014 Westpac: the meaning of RBA minutes Analysts at Westpac have made the following conclusions from the Reserve Bank of Australia’s meeting minutes released today: - There’s no evidence that the RBA is seriously considering rate cuts. - The RBA seems comfortable with...

MARKET NEWS 15 July 2014 Kuroda: tax hike doesn't threaten the economy The Bank of Japan policy meeting brought no surprises to the markets as the expansion of the monetary base was left unchanged at 60-70 trillion yen. Following the policy announcement, the BOJ Governor Haruhiko Kuroda said...

MARKET NEWS 15 July 2014 Bloomberg poll: what will ECB do? Bloomberg has surveyed 28 economists of the leading banks asking about their expectations of the European Central Bank’s policy. These forecasts provide a glimpse into how the market feels. 1. Rate cuts - ECB will make no...