MonsunAsia

MonsunAsia Updated 

EURO - Weak Bullish 1️⃣ ECB President Lagarde told the European Parliament that the prospect of better global demand and a faster-than-forecast increase in consumer spending could support economic recovery in the European zone. 2️⃣ The present PMI outlook was better than expected in Germany, France, and the European zone. USD - Strong Bearish 1️⃣ Federal Reserve...

MonsunAsia Updated 

===== MARKET OUTLOOK ===== EURO - Bearish 1️⃣ The ECB agreed on Thursday to maintain an elevated pace of bond purchases while upwardly revised projections for the bloc's economic growth and inflation for 2021 and 2022. 2️⃣ ECB governing council member Gabriel Makhlouf said on Wednesday that it's too early to discuss the end of the European Central Bank's...

MonsunAsia

===== MARKET OUTLOOK ===== EUR - BEARISH 1️⃣ The ECB agreed on Thursday to maintain an elevated pace of bond purchases while upwardly revised projections for the bloc's economic growth and inflation for 2021 and 2022. 2️⃣ ECB governing council member Gabriel Makhlouf said on Wednesday that it's too early to discuss the end of the European Central Bank's Pandemic...

MonsunAsia Updated 

AUD - Strong Bearish 1️⃣ Investors this week are expected to be cautious ahead of the FOMC meeting and avoid putting money in high-yielding countries. 2️⃣ Recent disappointment in AU business and consumer confidence. 3️⃣ RBA minutes from the June meeting show that the board agreed it would be premature to consider ending the bond-purchasing programme and policy...

MonsunAsia Updated 

GBP - Weak Bullish 1️⃣ According to UK’s Public Health officials, the Pfizer and AstraZeneca vaccines are only 33% effective against the Delta variant after a single shot. However, the effectiveness of both vaccines improves to above 90% after two doses. 2️⃣ Focus are now will be on fresh macro updates on jobs and retail sales - both expected to be GBP...

MonsunAsia

===== MARKET OUTLOOK ===== EUR - BEARISH 1️⃣ European Central Bank President Christine Lagarde said that monetary and fiscal stimulus needed to be maintained until there were signs of a strong and sustainable economic recovery. 2️⃣ The European zone's trade balance this week is expected to weaken due to weakness in the trade balance in Germany. 3️⃣ Industrial...

MonsunAsia

===== MARKET OUTLOOK ===== EUR - BEARISH 1️⃣ European Central Bank President Christine Lagarde said that monetary and fiscal stimulus needed to be maintained until there were signs of a strong and sustainable economic recovery. 2️⃣ The European zone's trade balance this week is expected to weaken due to weakness in the trade balance in Germany. 3️⃣ Industrial...

MonsunAsia Updated 

===== MARKET OUTLOOK ===== GBP - BEARISH 1️⃣ Rising tensions between the UK and EU over the Northern Ireland protocol pressured the GBP. 2️⃣ Ongoing concerns that the opening of the UK economy could still be delayed due to the implication of the Delta variant of the coronavirus, which reported to be around 40% more transmissible. CAD - BULLISH 1️⃣ Vaccination...

MonsunAsia Updated 

GBP - Strong Bearish 1️⃣ Rising tensions between the UK and EU over the Northern Ireland protocol pressured the GBP. 2️⃣ Ongoing concerns that the opening of the UK economy could still be delayed due to the implication of the Delta variant of the coronavirus, which reported to be around 40% more transmissible. USD - Weak Bullish 1️⃣ Investors remain cautious...

MonsunAsia Updated 

GBP - Strong Bearish 1️⃣ Rising tensions between the UK and EU over the Northern Ireland protocol pressured the GBP. 2️⃣ Ongoing concerns that the opening of the UK economy could still be delayed due to the implication of the Delta variant of the coronavirus, which reported to be around 40% more transmissible. CHF - Weak Bullish 1️⃣ The strength in CHF has...

MonsunAsia Updated 

GBP - Weak Bearish 1️⃣ Rising tensions between the UK and EU over the Northern Ireland protocol pressured the GBP. 2️⃣ Ongoing concerns that the opening of the UK economy could still be delayed due to the implication of the Delta variant of the coronavirus, which reported to be around 40% more transmissible. USD - Weak Bullish 1️⃣ Treasury Secretary Janet Yellen...

MonsunAsia Updated 

EUR - Weak Bearish 1️⃣ The Euro has been pressured after a comment from the European Central Bank policymaker Panetta says that it may be too early to discuss a reduction in emergency bond purchases. JPY - Weak Bullish 1️⃣ Declining US Treasury alongside US dollar support the JPY. ===== Technical ===== We are looking to sell the EURJPY at resistance + pivot...

MonsunAsia

===== MARKET OUTLOOK ===== NZD - BEARISH 1️⃣ Lower dairy, import and export prices. The fall in prices reflected a decline in the price of dairy products. 2️⃣ Risk-off markets sentiment expected ahead of U.S jobs data. CAD - BULLISH 1️⃣ A ramp-up in global vaccination efforts and a strong economic recovery could push the Loonie higher. 2️⃣ Rising oil prices...

MonsunAsia Updated 

EUR - Strong Bearish 1️⃣ Retail sales in Germany contracted -5.5% in April 2021, down from a 7.7% jump in March and far worse than the market forecast to fall just -2.0%. JPY - Weak Bullish 1️⃣ Declining US Treasury alongside US dollar support the JPY. ===== Technical ===== We are selling the EURJPY at SBR + below SMA 50 + at the pivot point on the H1...

MonsunAsia Updated 

===== MARKET OUTLOOK ===== AUD - BULLISH 1️⃣ The RBA's economic assessment was more upbeat than in the previous post-policy meeting accompanying statement. 2️⃣ Australian figures showed the economy expanded by a healthy 1.8% in the first quarter, taking gross domestic product (GDP) back above pre-pandemic levels. JPY - BEARISH 1️⃣ Rising US Treasury yields weigh...

MonsunAsia Updated 

===== MARKET OUTLOOK ===== GBP - BEARISH 1️⃣ Fears that a COVID-19 variant, first found in India, could delay the next phase of the reopening on June 21. CAD - BULLISH 1️⃣ A ramp-up in global vaccination efforts and a strong economic recovery could push the loonie higher. 2️⃣ The Canadian central bank is expected to keep its current guidance on interest rate...

MonsunAsia Updated 

===== MARKET OUTLOOK ===== NZD - BEARISH 1️⃣ New Zealand’s export prices declined 0.8% in the first quarter of 2021, adding to the decline from a 0.4% fall in the previous period. The market expects only to fall by 0.6%. The fall in prices reflected a decline in the price of dairy products which fell 2.4% and meat which fell 1.5%. CAD - BULLISH 1️⃣ A ramp-up in...

MonsunAsia Updated 

EUR - Weak Bearish 1️⃣ A comment from European Central Bank policymaker Panetta says that it may be too early to discuss a reduction in emergency bond purchases. CAD - Strong Bullish 1️⃣ A ramp-up in global vaccination efforts and a strong economic recovery could push the loonie higher. 2️⃣ The Canadian central bank is expected to keep its current guidance on...