USD/JPY extends decline below 112.00, what next?

The pair hit a session low of 111.76 as it takes out support levels at 112.00Sellers remain firmly in control of the pair as we get the European trading session underway. The pair is now trading at 111.80, close to the lows, but what levels should we look for next?As bias remains to the downside […]

Eurostoxx future -0.1% in early European trading

European equity futures mostly flat in early trading Germany’s DAX futures -0.2% UK’s FTSE futures open flat France’s CAC 40 futures open flat Spain’s IBEX futures open flat It’s a slow start in the futures market, as market participants are probably still deciding on the direction for the day. In Asia, there’s a bit of […]

Bitcoin’s kimchi premium is no free lunch

A 43% arbitrage trade in Bitcoin is not as easy as it looksBitcoin prices in South Korean exchanges trade at over 43% higher than those in the US. Simple thinking suggests buy Bitcoin in the US and then sell them in South Korea, no? If only it were that simple.The price gap which is also […]

UK warns that EU risks financial crisis if they block Brexit deal

Chancellor Philip Hammond and UK Brexit secretary David Davis comments in a joint statement for a German newspaperReports say that they want close cooperation between the UK and EU regulators, as part of an expansive trade deal covering both goods and financial services.In a guest column for Germany’s Frankfurter Allgemeine Zeitung, they commented that both […]

AUD/USD may trade in a tight range for today

The pair is following the technical playbook closely and there is a large option expiry that is sitting nearbyLooking at the hourly chart, there pair has formed a double-bottom in the last two trading days and that seems to be where buyers come into the picture — meanwhile the topside is limited and capped by […]