MarketPendulum

Towards the balanced approach in FX trading. Forex trader's notes.

[Speed⭐️ @ishowspeedsui]

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[Michael Saylor @saylor]

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[MarketPendulum @FXPendulum]

DXY sold off as the yields spent most of the day in negative territory. The yield curve also moved to its flattest level since 2007, reflecting the market's doubt on whether inflation will rise.

[MarketPendulum @FXPendulum]

We could expect Yen weakness as the Japan's trade balance shrinks significantly in the month of October as import growth rises and export growth slows.

[MarketPendulum @FXPendulum]

Most important US news this week - Wednesday's FOMC minutes - should be hawkish as the Federal Reserve prepares to raise interest rates next month.

[Lloyd Blankfein @lloydblankfein]

Here in UK, lots of hand-wringing from CEOs over #Brexit. Better sense of the tough and risky road ahead. Reluctant to say, but many wish for a confirming vote on a decision so monumental and irreversible. So much at stake, why not make sure consensus still there?

[MarketPendulum @FXPendulum]

Tax cuts are negative for the dollar. The Fed will have to print more money. The government will be financed by inflation instead of taxation. The deficit will grow.

[MarketPendulum @FXPendulum]

Long term, a hawkish Fed and dovish ECB means EUR/USD should be trading lower.

[MarketPendulum @FXPendulum]

Italian elections in early 2018, suggest only a 'one-off' EUR/USD upside, ING argues.

[MarketPendulum @FXPendulum]

The lower for longer QE is anchoring the scale of Bund sell-off

[MarketPendulum @FXPendulum]

ING looks for a knee-jerk reaction in EUR/USD higher, potentially testing the 1.20 level.

[MarketPendulum @FXPendulum]

ING expects a ‘lower for longer’ QE tapering, reducing the monthly QE purchases to €25bn and extending them until the end of 2018.

[MarketPendulum @FXPendulum]

ING FX Strategy Research discusses EUR/USD outlook going into the ECB meeting on Thursday.

[MarketPendulum @FXPendulum]

@I_Am_ICT EURGBP

[MarketPendulum @FXPendulum]

Economists had been looking for slower growth but the sharp rise in the Empire State survey suggests otherwise.

[MarketPendulum @FXPendulum]

U.S. data is improving. Jobless claims dropped to its lowest level in 4 decades, hinting of a strong non-farm payrolls report next month.

[MarketPendulum @FXPendulum]

He follows the same mantra of slow rate hikes as Yellen which is positive for the equity market.

[MarketPendulum @FXPendulum]

Fed President Powell is the leading candidate for Fed Chair according to the betting markets

[MarketPendulum @FXPendulum]

Never in history have there been so many potentially adverse political, geopolitical, economic and market outcomes.

[MarketPendulum @FXPendulum]

The conflict between the Catalan and Spanish governments is a serious threat to the Euro.