FX market is not balanced before the end of the day

[Lei]

October 14th whole day end: Equities get a solid gains whole day. Commodity currencies keep strong, and JPY CHF stay at the other end. 'It's a big day for risk trades.'

 

[Lei]

October 15th mid-early session: Yen weakness is the dominant theme in the major currencies space. The only cross winds are from Yields rising and gold falling.

 

[Lei]

October 15th whole day end: The US retail sales report was a strong surprise but the market reaction was minimal. US Dollar wasn't stronger, while Yields rose all the way out the curve, esp. the front end. EUR/USD was chopping as it ranged between 1.1590 and 1.1610, tapping each edge three times and then finishing the day nearly flat.

 

[Lei]

October 18th early session: Risk aversion head up a bit, due to China GDP being lower than expected. Bonds Yields keeps rising which makes more sense.

 

[Lei]

October 18th whole day end: A quite day, with little change. Global equities mixed. EUR, USD, NZD stay strong side. GBP lag.

 

[Lei]

October 19th early session: USD weakness continuing in Asia trade; Onshore yuan posts strongest close against dollar since mid-June.

 

[Lei]

October 19th whole day end: Generally it's a decent day for risk trades. Risk currencies gains started in the P.Asia session and equities solid gains. Yields curve moves steeper, with rates rising. Gold up and down, suggests under pressure, but still solid stand above $1760.

 

[Lei]

October 20th early session: Overnight, Yuan holds the gains, US Dollar mixed, in the early morning GBP EUR drop. Equities are mixed. Commodity currency keep firm. A typical Wednesday to start.

 

[Lei]

October 20th whole day end: Another day with decent risky trades. Gold and Oil are both lifted up. US Bond Yields moves steeper, esp. far end 10Year breaks June high. FX commodity currencies gains, and USD JPY EUR lag.

 

[Lei]

October 21st early session: Dollar gains as risk leans towards being more defensive to start the session
A fistful of negative news:
- 'Mosco Covid-19 worsen';
- Supply chain bottlenecks could last for longer ;
- Biden's new spending plan had 160 members' opposition
- Morgan Stanley short EUR/USD targeting towards 1.14
- Evergrande sale of its property services unit having fallen