US Jobs Report Induces Fed to Cut Rate
Bets on Fed to cut within the year increase, sell USD/JPY?
Bets on Fed to cut within the year increase, sell USD/JPY?
With the market already pricing in a downgrade in eurozone economic projections, only a change in forward guidance could push euro lower. Short EUR/USD if Draghi were to mention a rate cut tonight.
As the market is already pricing in a rate cut today coupled with Governor Lowe’s optimism on Australia’s economy, EUR/AUD could fall further if GDP tomorrow is strong.
With current bets on rate cut rising amid a slowing US economy and stocks being unstable, short USD/JPY?
BOC could hold rates and reiterate cautiousness amid the trade war chaos and weaker oil prices. USD/CAD could close above 1.3500.
US stocks’ direction has been in tandem with USD/JPY for a long time. Short USD/JPY when stocks are too expensive now?
Aussie has been selling off in every RBA easing cycle. If history repeats itself, short AUD/USD.
Traders are looking to buy safe-haven assets while dumping risk-assets, sell AUD/JPY to double the profit?
The US decided to increase its tax rate from 10% to 25%.
With the monetary policies between RBA and RBNZ diverging, AUD/NZD could rise.