The headliner for the April seasonals package was that risk trades had room to continue to run. That didn’t turn out to be the case at all but some of the seasonal trades still worked. For instance, our first pick was AUD/JPY longs. That pair made some good headway in April and still finished the
Month: April 2022
There are a couple of large ones to take note of for today, namely for EUR/USD around 1.0725-50 and AUD/USD at 0.7220. That said, given recent dollar strength and the technical predicaments, the expiries above may not hold too much pull in my view. Looking at the ones for EUR/USD, price action is more or
Just a couple to take note of for the day, that being large ones for EUR/USD at 1.0900-05 and USD/CAD at 1.2500. I highlighted the significance of the former earlier here, after the euro got a bit of a boost to push above 1.0900 following more hawkish remarks by ECB vice president Luis de Guindos.
There are a couple of big ones to take note of for the day, namely for EUR/USD at 1.0800 and USD/CAD at 1.2590-00. The former will add to some resistance at the figure level after the break lower in EUR/USD, with key near-term levels adding an extra layer of defense for sellers at 1.0824-50. But
There isn’t anything too notable on the board for today, though there are decent-sized expiries for USD/CAD around 1.2550-60. That said, I don’t see that as being too much of a draw though the 200-hour moving average does sit at 1.2561 and is limiting gains for the time being. With the lack of interest ahead
EUR/USD is holding up 0.3% on the day, trading around 1.0910 at the moment. While the dollar is holding slightly firmer across the board, the euro is getting some respite from the results of the first round of the French election yesterday. Macron has a decent lead but the runoff on 24 April may be
There’s a decent-sized one for USD/JPY at 124.00 but it’s not exactly one that may be of too much significance. That said, the technical level in itself has proven to be a bit of an impediment to any upside price action recently so the expiries may add another layer to that. I mean price action
Just a couple to take note of for today, that is for EUR/USD at 1.0900 and 1.0935-45. That could provide some attraction in terms of price action for the pair, though sellers are firmly in near-term control and considering that the bond market rout is still continuing, that may still underpin the dollar as it