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Think Markets

Think Markets
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From a humble beginning to market-leading products and services - We are one of the UK's fastest growing Global Forex, CFD and Spread Betting broker, with State of the Art technology and the advanced ThinkTrader platform.
Euro
A snapshot view of the calendar for next week and commentary on potential catalyst of data of interest. USD: GDP revisions don’t tend to be the most exciting of releases, not helped by the fact the initial release is already months behind the leading indicators which got us here. Yet as...
Trader Stocks
The bullish target to 20,400 is on the backburner whilst we decipher whether the correction will deepen below 20k. Whilst STOXX and CAC remain above key support, the latter appears to have a bullish edge further out. The Nikkei 225 struggled to break the weekly R2 before promptly reverting to...
Australia
The RBA remained positive on their economic outlook yet have heightened concerns over financial stability, making a hike from the hawkish bank unlikely in the foreseeable future. In a speech yesterday, RBA Governor Philip Lowe said he expected growth to pick up slightly over the next couple of years although...
US Dollar Japanese Yen
Increased imports from China and Australia tipped Japan's trade into surplus in May. GBPJPY and USDJPY remain supported and may provide bullish opportunities as the week progresses. Japan’s trade dippedback into deficit for the first time since Jan as imports outstipped exports for the month of May. Imports exceeded estimates...
Reserve Bank of New Zealand
We think the recently removed reference to the exchange rate could make a return in next week's statement after several weeks of solid gain from NZD. AUDNZD is forming a potential bullish flag and NZDUSD upside from here is now being questioned. Manufacturing PMI expanded to its highest level since...
Federal Reserve FOMC Stocks
We foresaw the potential that CPI data released just hours prior to the FOMC meeting had the potential to steal its thunder. As the grim set of data was released, it looked as though that were to be the case – yet the Fed stood firm. Read the full statement ...
Bank of Canada
The Bank of Canada’s hawkish commentary continues to steel the limelight from Wednesday’s FOMC meeting, sending CAD higher against its peers and sinking USDCAD to a 3.5-month low. Poloz extended the bank’s hawkish commentary this week by saying that record low rates had “largely done their work”. BoC have effectively...
Great British Pound
Data from Japan remains mixed but overall, supports tepid growth to continue. We continue to favour losses on GBPJPY around UK political turmoil ahead of Brexit negotiations, whilst Nikkei is expected to outperform ASX overt the coming weeks. Machinery orders expanded by 2.7% YoY, yet the monthly measure declined by...
Theresa May
European futures are trading lower as the FTSE 100 futures show that traders are not reacting too harshly towards the unexpected outcome of the UK general election Theresa May has suffered the worst night of her political career and now the question is; if, and, when she will resign from...
Canadian Dollar
Despite negative sentiment surrounding the Greenback, USDCAD holds onto key support. Whilst there is potential for a downside break, we continue to see the medium term as likely to favour a higher USDCAD. Ivey PMI contracted by -8.6 points in May, its fastest monthly decline since Feb 2016. The consensus...
Reserve Bank of Australia
RBA held rates as widely expected and the minor revision to the statement provide no expectations of a change until we head into 2018. We still expect the next change to be higher, but over such a time many things can change. Summary of the June Statement Cash rate unchanged...
Australia
Today’s capital expenditure, whilst mixed, was quickly overshadowed by China’s manufacturing PMI. Yet once the dust has settled there, we can focus on some of the positive and not so positive elements to today’s report. Not only was the capex data mixed, but so has the data set from AU...
New Zealand Dollar
With RBNZ back to neutral and protectionist policies less of a near-term concern, NZD has been allowing to rebound in recent weeks. Technically NZDUSD and GBPNZD are of interest over the coming sessions. New Zealand’s financial stability report (FSR) reiterated concerns over their housing market and concerns of protectionist policies,...
Mario Draghi
Markets trading lower and traders pushing the euro lower after  Draghi’s comments Ryanair has surprised investors once again but worried about hard Brexit The European futures are trading lower today as investors mainly remain in risk-off mode, unsure about the direction of the trade. Mario Draghi, the president of the European...
Bank of Japan
The rise relieves some pressure from BoJ, although policy makers are also aware there is a long way to go until a sustainable recovery, or even acceptance, of higher prices in Japan. Japan climbed further out of its deflationary spiral today, although as expected not with levels of inflation that...
Federal Reserve
We highlight three correlations which show the near-term may provide further hikes, further out it may be less pleasant. - 2yrs suggest Fed will continue to hike - 2-10yr spread is out of sync with current hike path - If Fed Funds and 2-10yr spread are to meet, a run to the...
Australian Dollar British Pound
GBPAUD has respected the bullish trendline and we see potential for a move higher over the coming session. Yet taking into account the politics behind GBP, mixed messages from spot markets and correlated markets, we think the upside may be relatively limited to the prior move. Construction work contracted by...
Australian Dollar
Overnight the weaker US Dollar helped propel commodity currencies to put them on a firm foot for this session. The broad weakness helped AUDUSD finally break outside of the bearish channel, a technical pattern which had contained it since March. As it turns out, the extended declines were all that...
US Dollar Japanese Yen
Price action on USDJPY suggests gains on the near-term, yet the corrective price action also points lower further out. Imports increased by 15.1% to beat the 14.8% expected to show a pick-up of international demand. However, as exports dropped this saw a slight reduction of their trade surplus which is...
Japanese Yen
GDP beat expectations to live up to the BoJ’s expectations of a brighter outlook, although the deflator underwhelmed. Annualised GDP expanded by 2.2% YoY vs 1.7% expected and 1.4% from prior, whilst the quarterly read expanded by 0.5%. Where the read didn’t look so hot was to see the GDP...
Gold
Major ingredients pushing the gold price higher. The dollar weakness is playing its part and the yellow metal is shining as a result of this. There are two major ingredients which mostly drive the price of gold. Namely the dollar weakness and geopolitical crisis. Today we are seeing both of...
Donald Trump
Trump is sitting on a hot seat once again while investors question impeachment The dollar weakness helping the euro to stay strong Today is a risk off trade for investors as Mr Trump is badly engulfed by political turmoil. This has pushed the demand for the safe haven and we are...
Reserve Bank of Australia
The final paragraph of today’s minutes had been tweaked slightly, suggesting confidence for employment is slightly higher than April, yet risks in the financial system remain. AUD sold off against NZD and JPY, leaving a potential short setup for AUDJPY. Sumary of RBA's May 2017 minutes (read the full release)​ ...
Oil
Traders Ignore Weak Chinese Data & North Korea's Missile Test. Oil: Don’t Get Carried Away By Rumours, We Need Deep Production Cut   Oil prices have spiked once again on the back of the news that two major parties have agreed that the current oil cut needs to remain in place...
Japanese Yen
Risk-off ensued overnight as the controversy surrounding FBI Director Comey’s firing left its mark on Wall Street. Investors flowed back into the Yen and Gold whilst sending the VIX to an intraday 5-sesion high. The initial reaction earlier this week had been subdued as investors assumed that Comey’s departure may...
Canadian Dollar
The bullish flag scenario outline in yesterday’s video is developing nicely, whilst USDJPY retinas it's bullish structure and eyes the 115 handle. The strong rejection of the $44 lows presented a v-bottom and the subsequent, choppy price action highlighted the potential for a bullish burst for energy. What we also...
Japanese Yen
We had flagged the potential for producer prices to dip yet there are additional signs this could be the beginning of a larger move lower. USDJPY continues to look bullish as it heads back above 114 for the 2nd session this week. Where producer prices missed, consumer prices tried to...
Stock Market
The close of VIX gathered a lot of attention from the media as it passed another milestone of eerily low volatility, despite being another action-packed year. Whilst at some point it is poised to break sharply higher, we note the relationship between good data and low volatility. The VIX closed...
France
It was a historic day in France as Macron claimed victory. The French equity market has become a favourite place of investment amid investors and we expect the European markets to perform well given that the political risks have dissipated. People and investors are feeling joyful because there will be...
US Dollar
Nonfarm payrolls is realeased alongside Canadian employment later today, which could make USDCAD of interest. The fall in oil prices also provided added interest as both currencies are linked to oil in one way or another. - NFP is forecast to rebound to 185k from last month’s disappointing 98k - A...

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