MonsunAsia

MonsunAsia

===== MARKET OUTLOOK ===== EURO - 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. USD - Strong Bullish 1️⃣ Fed vice chief Randal Quarles signals the FED’s central bank plans to open talks on easing the U.S. bond -buying program 2️⃣ New jobless claims in...

MonsunAsia Updated 

NZD - Strong Bullish 1️⃣ The RBNZ delivered a ‘Hawkish’ tone at today’s meeting by projecting that New Zealand interest rates will rise by 0.25% to 0.5% in September 2022. JPY - Strong Bearish 1️⃣ Stock markets turned positive amid optimistic data from the US. ===== Technical ===== We are buying the NZDJPY at support + above SMA50 on M15 chart. This is...

MonsunAsia Updated 

AUD - BULLISH 1️⃣ Risk sentiment was boosted following the US Federal Reserve's comments that helped ease concerns over early post-pandemic inflation. JPY - BEARISH 1️⃣ Positive risk sentiment weighing on the JPY. ===== Technical ===== We are buying the AUDJPY on RBS + above SMA50 on the M15 chart. This is short-term trading. ===== Risk to this...

MonsunAsia Updated 

EUR - BULLISH 1️⃣ The rapid pace of COVID-19 vaccination and the ongoing reopening efforts continued to support solid economic recovery hopes. 2️⃣ Upbeat PMI data released on Friday suggested the Eurozone expanded all at record rates in May, following the relaxation of coronavirus-induced restrictions. 3️⃣ German business morale in May hit its strongest level...

MonsunAsia Updated 

NZD - BULLISH 1️⃣ The improving market sentiment is helping the kiwi find demand. USD - BEARISH 1️⃣ Renewed bets the Federal Reserve will not tight monetary policy anytime soon. Recent comments from several Fed officials helped to calm investors' worries over a jump in inflation and the need to pull back support. ===== Technical ===== We are looking to buy the...

MonsunAsia Updated 

USD - BEARISH 1️⃣ Renewed bets the Federal Reserve will not tight monetary policy anytime soon. Recent comments from several Fed officials helped to calm investors' worries over a jump in inflation and the need to pull back support. CAD - BULLISH 1️⃣ Rising crude oil prices on the back of heightened hopes for a steady recovery in global energy demand continue to...

MonsunAsia Updated 

AUD - BULLISH 1️⃣ The Australian economy was transitioning from recovery to expansion earlier and with more momentum than previously anticipated, minutes of RBA's May monetary policy meeting showed. 2️⃣ Surging commodity prices provided a bid to the Aussie. JPY - BEARISH 1️⃣ Rallied stock markets could undermine the JPY. ===== Technical ===== We are looking to...

MonsunAsia Updated 

EUR - BULLISH 1️⃣ Optimism about a strong economic recovery as economies continue their reopening efforts and COVID-19 vaccinations pick up pace in the European Union. USD - BEARISH 1️⃣ USD pressured as market participants weighed weak nonfarm payroll data last week against rising local inflation expectations. ===== Technical ===== We are buying the EURUSD on...

MonsunAsia Updated 

CAD - BULLISH 1️⃣ The Bank of Canada (BoC) held its interest rate unchanged at 0.25% during the April meeting, as widely expected, however, the bank said it will adjust weekly net purchases of Government of Canada bonds to a target of CAD 3 billion from CAD 4 billion, effective the week of April 26. 2️⃣ Oil prices rose on Monday after a major cyberattack forced...

MonsunAsia Updated 

EUR - BEARISH 1️⃣ Eurozone economy is recovering but most of the region still in lockdown. NZD - BULLISH 1️⃣ Supported by a weaker US dollar and a better employment report for Q1 in New Zealand continues to provide support to the NZD. 2️⃣ April's housing data revealed that the government's steps to curb the housing bubble have yet to have the desired impact, the...

MonsunAsia Updated 

NZD - BULLISH 1️⃣ Supported by a weaker US dollar and a better employment report for Q1 in New Zealand continues to provide support to the NZD. 2️⃣ April's housing data revealed that the government's steps to curb the housing bubble have yet to have the desired impact , the latter is set to be closely scrutinized. CHF - BEARISH 1️⃣ Risk-on tone weighing on the...

MonsunAsia Updated 

===== MARKET OUTLOOK ===== NZD - BULLISH 1️⃣ Supported by a weaker US dollar and a better employment report for Q1 in New Zealand continues to provide support to the NZD. 2️⃣ April's housing data revealed that the government's steps to curb the housing bubble have yet to have the desired impact, the latter is set to be closely scrutinized. CHF - BEARISH 1️⃣...

MonsunAsia Updated 

===== MARKET OUTLOOK ===== CAD - BULLISH 1️⃣ Faster vaccine roll-out in Canada may keep fueling hopes of a faster exit from current restrictions and offsetting the negative impact of deteriorating data flow. 2️⃣ Oil prices jump as much of vital pipeline remains shut down following cyberattack. 3️⃣ Bank of Canada was the only central bank to tighten in...

MonsunAsia Updated 

NZD - BULLISH 1️⃣ The unemployment rate in New Zealand dropped to 4.7% in the first quarter of 2021, down from 4.9% the previous quarter and lower than the market's expectation of 4.9%. 2️⃣ Positive risk sentiment supported the antipodeans. USD - BEARISH 1️⃣ Federal Reserve Chair Jerome Powell has argued the labor market is still far short of where it needs to be...

MonsunAsia Updated 

AUD - BULLISH 1️⃣ The underlying bullish sentiment in the financial markets acted as a tailwind for the perceived riskier Aussie. JPY - BEARISH 1️⃣ Risk-on tone weighing on the safe-havens JPY. ===== Technical ===== We are looking to buy the AUDJPY at support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the...

MonsunAsia Updated 

NZD - BULLISH 1️⃣ The unemployment rate in New Zealand dropped to 4.7% in the first quarter of 2021, down from 4.9% the previous quarter and lower than the market's expectation of 4.9%. 2️⃣ Positive risk sentiment supported the antipodeans. JPY - BEARISH 1️⃣ Risk-on tone weighing on the safe-havens JPY. ===== Technical ===== We are buying the NZDJPY on the...

MonsunAsia

===== MARKET OUTLOOK ===== EUR - BEARISH 1️⃣ Last week, GDP figures showed the Eurozone entered a double-dip recession in the first quarter, with Germany, Italy and Spain falling back into contraction territory and France returning to growth. 2️⃣ Most of euro area still in lockdown. 3️⃣ Downward revisions to EZ PMIs GBP - BULLISH 1️⃣ Bank of England expected to...

MonsunAsia Updated 

CAD - BULLISH 1️⃣ The Bank of Canada (BoC) held its interest rate unchanged at 0.25% during the April meeting, as widely expected, however, the bank said it will adjust weekly net purchases of Government of Canada bonds to a target of CAD 3 billion from CAD 4 billion, effective the week of April 26. 2️⃣ Rallied oil prices underpinned the CAD. CHF - BEARISH 1️⃣...