The end of negative rates did not alleviate the pressure on the Yen, as #USDJPY is approaching a breakout point. Currently, talks of FX intervention are maintaining upward momentum, but pressure is intensifying as downward reactions become increasingly smaller. USDJPY has reached 150 and is now aiming for even higher levels. Read more in the article below. https://lnkd.in/dbNX-fRm #Forex #TechnicalAnalysis #MarketTrends #ForexForecast #MarketOutlook #FTD #FX
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With onshore CNY strengthening to a 6-week high versus USD following the extended Labour Day holidays, we observed a New Open Interests record with an impressive USD19.15 billion for SGX's USD/CNH futures, reflecting robust trading activity in this widely traded international RMB futures.
Numbers speak volumes with SGX USD/CNH FX Futures hitting a new record of 191,555 lots yesterday, translating to a notional value of US$19.15 billion. The post-Golden Week period in May witnessed a strengthening of the onshore Chinese Yuan (CNY), reaching a 6-week high. This sentiment was mirrored in the futures market, where this milestone was achieved alongside a substantial trading volume of 182,000 lots for the day. 📈 SGX FX continues to set the pace in global financial markets. The trading activity in our marketplace is a clear indicator of Asia’s importance in global investment portfolios. A heartfelt thank you to all our market participants for your trust and support. 🤝 #SGXFX #OneTrustedEcosystem #UC #FXFutures #RMB #USD #RiskManagement #Trading | SGX FX
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Numbers speak volumes with SGX USD/CNH FX Futures hitting a new record of 191,555 lots yesterday, translating to a notional value of US$19.15 billion. The post-Golden Week period in May witnessed a strengthening of the onshore Chinese Yuan (CNY), reaching a 6-week high. This sentiment was mirrored in the futures market, where this milestone was achieved alongside a substantial trading volume of 182,000 lots for the day. 📈 SGX FX continues to set the pace in global financial markets. The trading activity in our marketplace is a clear indicator of Asia’s importance in global investment portfolios. A heartfelt thank you to all our market participants for your trust and support. 🤝 #SGXFX #OneTrustedEcosystem #UC #FXFutures #RMB #USD #RiskManagement #Trading | SGX FX
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Will the MoF/BoJ’s #FX intervention have a lasting impact? USD/JPY has been closely correlated with the 10-year yield differential. It may have overshot the #yield spread and a pullback is possible. But a cyclical decline in USD/JPY will require narrower interest rate differentials. For more: <https://lnkd.in/gHJVw7az> Follow for more insights.
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🚀 Master Forex Trading with Multi-Time Frame (MTF) Analysis! 📊 What is MTF Analysis? MTF Analysis examines currency pairs across multiple time frames for a comprehensive market view. How to Use It: Long-Term (4H/Daily): Identify overall trends. Mid-Term (1H/4H): Confirm trends. Short-Term (15M/1H): Pinpoint entry/exit points. Benefits: 📈 Broader Market View 🔍 Trend Confirmation 🎯 Precision Entries/Exits Optimize your trading strategy and make informed decisions with MTF analysis! ➡️ Read more at https://rb.gy/p5et7u #Forex #Trading #MTFAnalysis #MarketTrends #TradeSmart
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"USD/CAD faces a key test ahead of Canadian CPI, FOMC minutes and Global PMIs" Latest post by Fawad Razaqzada @Trader_F_R - link here: https://buff.ly/48lIv3u #Markets #Analysis #Trading #USDCAD #FX #Canada #CPI #TradersSummit
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Yen Levels to Watch Should Shorts Unravel : If yen shorts continue to unravel, there are some key levels that could provide some support for USD/JPY… Yen futures open interest is now close to that seen on April 10, the day when the yen suffered a 1% drop from 151.76 to 153.24. A drop below 151 level is where speculative accounts will reduce maximum short yen positions… So far this week, the yen’s rally has coincided with a trimming of about 35K contracts (~$2.8b billion) from last Friday’s 357K record peak in near-date open interest… Year-to-date shorts in the yen are at increasingly at risk should spot fall below the key 150 psychological level and the 148.58 daily high on February 2… #yen #usdjpy #forex #fx #currencies #cftc #positions #level #shorts #trading #markets #finance #economy
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We had a great week last week. However, we've noticed a crack in correlation between FX pairs and bonds. The FX pairs (#GBPUSD and #EURUSD) reached their previous week's high (PWH), while bonds did not. Today, there's another crack in correlation as bonds hit their previous day's high (PDH). Currently, we are already in deep premium. With news at 8:30 EST, I anticipate a potential price drop and iam bearish #EU #GU. #ForexTrading #BondMarket #MarketAnalysis #FX #GBPUSD #EURUSD #TradingStrategy #FinancialMarkets #Investment #EconomicNews #MarketTrends #ShortTermTrading #FinancialAnalysis #ForexAnalysis #TradingInsights #MarketUpdate #Trump #Donaldtrump
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"Pool of implied spot liquidity available via FX futures too large to ignore." With CME Group FX futures and options volumes up over 8% this year, a record day of $314bn, and Spot+ coming soon, great to see this timely analysis by ION Markets into how CME Group FX futures are increasingly relevant to eFX traders.
CME Group FX on LinkedIn: FX Futures are increasingly relevant in eFX technology stacks
share.cmegroup.com
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"Pool of implied spot liquidity available via FX futures too large to ignore." With CME Group FX futures and options volumes up over 8% this year, a record day of $314bn, and Spot+ coming soon, great to see this timely analysis by ION Markets into how CME Group FX futures are increasingly relevant to eFX traders.
CME Group FX on LinkedIn: FX Futures are increasingly relevant in eFX technology stacks
share.cmegroup.com
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