MonsunAsia

MonsunAsia Updated 

NZD - Strong Bearish 1️⃣ The risk-off tone has hit high-beta currencies like the NZD. 2️⃣ Investors remain worried about China Evergrande Group’s unresolved debt crisis. JPY - Weak Bullish 1️⃣ A gloomy market environment could benefit the JPY. ===== Technical ===== We are selling the NZDJPY after it failed to break the resistance. ===== Risk to this...

MonsunAsia Updated 

USD - Weak Bullish 1️⃣ The Fed insists that the economy has made progress toward inflation and employment targets, and if this progress continues as expected, a reduction in asset purchases may be needed. 2️⃣ 9 out of 18 policymakers have voted for an interest rate hike as early as 2022, compared to 7 votes in June. 3️⃣ The Fed also hinted that an interest rate...

MonsunAsia Updated 

EURO - Weak Bearish 1️⃣ Both Manufacturing and Services PMIs in the Eurozone declined in September. 2️⃣ Political uncertainty in Germany could affect the value of the EUR. NZD - Weak Bullish 1️⃣ Sentiment improved after the Fed issued a hawkish tone at the FOMC meeting. 2️⃣ New Zealand’s GDP grew by 2.8% in the second quarter of 2021. 3️⃣ New Zealand’s annual...

MonsunAsia Updated 

EURO - Weak Bearish 1️⃣ Both Manufacturing and Services PMIs in the Eurozone declined in September. 2️⃣ Political uncertainty in Germany could affect the value of the EUR. AUD - Weak Bullish 1️⃣ The Prime Minister of New South Wales Australia, Gladys Berejiklian says that the reopening of the economy in the region could be implemented as early as 11 October, and...

MonsunAsia Updated 

AUD - Weak Bearish 1️⃣ RBA minutes indicate that the central bank will keep interest rates at least until 2024. 2️⃣ The RBA expects that there will be an economic contraction in the third quarter, and board members agree that the period of recovery in economic activity will be heavily dependent on the removal of sanctions. 3️⃣ Iron ore prices declined due to...

MonsunAsia Updated 

AUD - Strong Bearish 1️⃣ RBA minutes indicate that the central bank will keep interest rates at least until 2024. 2️⃣ The RBA expects that there will be an economic contraction in the third quarter, and board members agree that the period of recovery in economic activity will be heavily dependent on the removal of sanctions. 3️⃣ Iron ore prices declined due to...

MonsunAsia Updated 

AUD - Strong Bearish 1️⃣ RBA minutes indicate that the central bank will keep interest rates at least until 2024. 2️⃣ The RBA expects that there will be an economic contraction in the third quarter, and board members agree that the period of recovery in economic activity will be heavily dependent on the removal of sanctions. 3️⃣ Iron ore prices declined due to...

MonsunAsia

USD - Weak Bullish 1️⃣ Investors were cautious ahead of the FOMC meeting, triggering a massive sell-off on the stock market. CAD - Weak Bearish 1️⃣ The decline in crude oil prices is burdening CAD. 2️⃣ Canadian retail sales are projected to decline in July due to a sharp decline in wholesale sales. ===== Technical ===== We are looking to buy the USDCAD above...

MonsunAsia

AUD - Strong Bearish 1️⃣ RBA minutes indicate that the central bank will keep interest rates at least until 2024. 2️⃣ The RBA expects that there will be an economic contraction in the third quarter, and board members agree that the period of recovery in economic activity will be heavily dependent on the removal of sanctions. 3️⃣ Iron ore prices declined due to...

MonsunAsia Updated 

AUD - Strong Bearish 1️⃣ Risk-off sentiment in the market led to sales in high-beta currencies such as the AUD. 2️⃣ The RBA voiced concern over economic growth in the 3rd quarter as a result of the COVID-19 outbreak in Australia. 3️⃣ Governor Lowe says that that the RBA will not raise its interest rates at least until 2024. 4️⃣ The AUD was also weighed down by...

MonsunAsia

EURO - Weak Bullish 1️⃣ Major economic data in Eurozone printed higher than previously. 2️⃣ Eurozone industrial production rebound in July. AUD - Strong Bearish 1️⃣ Risk-off sentiment in the market led to sales in high-beta currencies such as the AUD. 2️⃣ The RBA voiced concern over economic growth in the 3rd quarter as a result of the COVID-19 outbreak in...

MonsunAsia

NZD - Weak Bearish 1️⃣ A negative market environment can depress high-beta currencies such as the NZD. 2️⃣ The NZD was also weighed down by weak economic data from China on Wednesday. CAD - Weak Bullish 1️⃣ Rising crude oil prices can support the strength of CAD. 2️⃣ The annual inflation rate in Canada accelerated to 4.1% in August of 2021 from 3.7% in July and...

MonsunAsia Updated 

NZD - Weak Bearish 1️⃣ A negative market environment can depress high-beta currencies such as the NZD. 2️⃣ The NZD was also weighed down by weak economic data from China on Wednesday. USD - Strong Bullish 1️⃣ Risk-off sentiment in the market benefits safe-haven currencies. 2️⃣ Investors remain concerned about the global economic slowdown amid the spread of the...

MonsunAsia Updated 

🇬🇧 GBP - Strong Bullish 1️⃣ Bailey says that the BOE is likely to have to raise its interest rates to combat inflationary pressures over the next 2 to 3 years, even though the economic recovery in the UK is slowing. 2️⃣ Policymaker Michael Saunders reiterated that the central bank will need to raise interest rates next year if growth continues and inflation rates...

MonsunAsia Updated 

NZD - Weak Bearish 1️⃣ A negative market environment can depress high-beta currencies such as the NZD. USD - Strong Bullish 1️⃣ Risk-off sentiment in the market benefits safe-haven currencies. 2️⃣ The rising in U.S. Treasury yields supports the strength of the U.S. dollar. 3️⃣ President of the Federal Reserve branch of St. Louis, James Bullard proposed to cut the...

MonsunAsia Updated 

AUD - Strong Bearish 1️⃣ Risk-off sentiment in the market led to sales in high-beta currencies such as the AUD. 2️⃣ The RBA voiced concern over economic growth in the 3rd quarter as a result of the COVID-19 outbreak in Australia. JPY - Weak Bullish 1️⃣ Investor concerns about the spread of coronavirus sparked demand for safe-haven...

MonsunAsia Updated 

GBP - Strong Bearish 1️⃣ Former Democratic Union Party (DUP) leader Arlene Foster has raised concerns of irreparable damage due to the deadlock over the Northern Ireland (NI) protocol. 2️⃣ British Prime Minister Boris Johnson on Tuesday announced an increase in National Insurance contributions in the form of health and social care collections by 1.25%, which will...

MonsunAsia Updated 

NZD - Strong Bullish 1️⃣ Positive sentiment in the market supports the strength of high-beta currencies such as the NZD. 2️⃣ New Zealand retail sales rose 3.3% in the second quarter, following a 2.5% increase in the previous period. 3️⃣ New Zealand Prime Minister Jacinda Ardern says that COVID-19 lockdowns outside Auckland territory will be relaxed to level 2...