Andrew Timothy Robinson, Saxo Bank

Trading commentary: Saxo Bank

Andrew Timothy Robinson, FX-specialist, Market Strategist, Saxo Bank

JPY weakens further, EURUSD vacillates at 1.30

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.

BoJ shocks and awes – ECB and BoE will merely whimper

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.

BoJ on tap tonight – it’s a big one. ECB and BoE up as well.

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.

Key EURUSD resistance still in place

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.

Japan data blitz tonight/Monday during Easter holiday

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.

D mulls new lows

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

Potential calendar effects for FX this week and next

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.

Cyprus celebration not likely sustainable

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.

Quick summary of the New York session

22 March 2013
A headline driven evening, but the bottom line is that we are still waiting for something concrete out of Cyprus.

Cyprus scramble continues. Ugly French, German PMI data hits Euro

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.

Cyprus stand-off, UK Budget and FOMC

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.

Cyprus drags on into FOMC and UK Budget tomorrow

19 March 2013
Cyprus situation remains unresolved and wears on market’s confidence in the EU with every passing hour.

Troika of event risks ahead with Cyprus, FOMC and UK Budget

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.

EURUSD flirt with 1.3000 continues; BoJ team now in place

15 March 2013
EURUSD reversed back higher yesterday – but what is the quality of the reversal when we’re near the 1.3000 “magnet”?

AUD pops higher on payrolls. SNB keeps relatively quiet

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.