Andrew Timothy Robinson, Saxo Bank
Trading commentary: Saxo Bank
Andrew Timothy Robinson, FX-specialist, Market Strategist, Saxo Bank
8 April 2013
USDJPY and EURJPY have pushed to new highs after last week’s Big Move from Kuroda-san. The weak JPY is not a straightforward carry trade as there are huge risks from BoJ policy.
4 April 2013
The BoJ more than delivered in one of the most anticipated central bank meetings in market history with larger than expected asset purchase and un-anticipated measures. USDJPY ripped higher in response.
3 April 2013
For those living under a rock, we have a trio of important central bank meetings on tap for Thursday, starting with the most anticipated BoJ meeting in modern history and then less pivotal, if still interesting ECB and BoE meetings.
2 April 2013
The EURUSD rally ran out of steam this morning near key 200-day moving average resistance. Meanwhile, USDJPY posted new local lows to kick off the new financial year in Japan ahead of Thursday’s BoJ and ECB meetings.
28 March 2013
JPY crosses face an interesting test right here at the end of the Japanese financial year as US and European markets are close while Japan releases a blitz of economic data tonight and Tankan survey Monday.
27 March 2013
EURUSD traded at new four-month lows this morning, even as an official statement tries to take back Dijsselbloem’s ill-advised comments on Cyprus from Monday
26 March 2013
We’re going into the end of month and end of quarter, as well as the end of the Japanese financial year – all ahead of an extended Easter holiday weekend for Europe and a critical Bank of Japan meeting next week.
25 March 2013
The market kneejerk reaction to the Cyprus solution may already be behind us, and if not, is not likely to hold much longer as a number of ugly precedents have been set that are likely to weigh on the Euro from here.
22 March 2013
A headline driven evening, but the bottom line is that we are still waiting for something concrete out of Cyprus.
21 March 2013
Weak French and German flash PMI’s for March hit the Euro. Meanwhile, Cyprus scrambles for creative solutions to its predicament as the EU position is unlikely to budge.
20 March 2013
A circus of event risks with the Cyprus stand-off dominating while we have the major distraction of the UK budget and the potential game changer in the form of the US FOMC meeting late today.
19 March 2013
Cyprus situation remains unresolved and wears on market’s confidence in the EU with every passing hour.
18 March 2013
Markets are trying to close the gap after one of the largest gap opening over a weekend in modern memory. But residual uncertainty is likely to remain.
15 March 2013
EURUSD reversed back higher yesterday – but what is the quality of the reversal when we’re near the 1.3000 “magnet”?
14 March 2013
AUD rushes higher after crazy-strong payrolls overnight – but don’t expect a repeat next month. EURCHF may be set for further gains in this environment despite today’s relatively quiet SNB.