John Hardy, Head of FX Strategy at Saxo Bank, takes a look the plunging USDJPY, as investors flee Japanese stocks and the BoJ's failure to contain yen raises doubts on stimulus efficacy. [divide] USDJPY punched down through 116.00 in early US hours yesterday as US equities followed up the ugly European session with heavy selling in…
Read moreIt is a tough time to be holding petro-currencies. It seems that the Fed's FOMC meeting move of a 25 basis point rate hike - the first such rise since 2006 - has traders focused on continued US Dollar strength. That means weakness in US Dollar denominated products such as Crude Oil, which witnessed a…
Read moreWell, they finally did it. In one of the most anticipated rate changes in recent memory - although the first in an upward direction since 2006 - the US Fed (or more precisely, the FOMC) announced a 25 basis point rate hike in its target funds rate. The Fed's new target range will go from 0-0.25%…
Read moreSaxo Bank Head of FX Strategy John Hardy takes a look at what is arguably one of the ECB's worst communications failures.
Read moreThe current bout of extreme market volatility won't last forever. The question in many traders' minds is - once this is over, where are we headed? Not too many analysts are willing to stick out their necks in this environment and look beyond the storm. However LeapRate is pleased to share with our readers the…
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