Friday, October 30, 2015

New Zealand Dollar Consolidates as SSI and Volume Indicators Converge

New Zealand Dollar Consolidates as SSI and Volume Indicators Converge


New Zealand Dollar Consolidates as SSI and Volume Indicators Converge

Posted: 30 Oct 2015 06:08 PM PDT

The New Zealand Dollar halted its bull-trend versus the US Dollar while the SSI and On Balance Real Volume indicators show the markets conviction.

Weekly Trading Forecast: NFPs, China PMIs, and BoE and RBA Decision Fuel Another Busy Week

Posted: 30 Oct 2015 05:58 PM PDT

We have just closed out an exceptionally busy fundamental week with key event risk. And, we are now diving right back into a deep docket with markets on the cusp of key trend developments.

US Dollar to Tap Fed Speakers, NFPs For Another Run at 12 Year High

Posted: 30 Oct 2015 05:51 PM PDT

The Dollar was once again offered the opportunity to make a run on 2015’s highs and move on to levels not seen since 2003.

Australian Dollar Under Fire as RBA Meeting, US Jobs Data Loom

Posted: 30 Oct 2015 05:34 PM PDT

The Australian Dollar is on the defensive, falling for a third consecutive week as an RBA monetary policy announcement and key US employment data loom ahead.

Traders Face SPX Record High, USD Reaction to NFPs, Heavy Event Risk

Posted: 30 Oct 2015 04:48 PM PDT

Market activity this past week proved volatile and at times exceptionally tense.

Video: Top Trading Themes for the FX and Equities Through Year End

Posted: 30 Oct 2015 04:31 PM PDT

We have just closed out the fourth best month for US equities in 12 years while the Dollar failed to breach new highs of an equal duration.

Bank of Japan Keeps the Japanese Yen in Tight Range – What Now?

Posted: 30 Oct 2015 04:15 PM PDT

A notable disappointment from the Bank of Japan meant the Japanese Yen and the USD/JPY exchange rate finished the week almost exactly where they began.

The End of China’s One-Child Policy Charges NZD Higher

Posted: 30 Oct 2015 01:54 PM PDT

The New Zealand Dollar took flight over the month of October. Much relief for NZD Bulls came this week specifically despite an overtly dovish Reserve Bank of New Zealand and surprisingly hawkish Federal Reserve.

Gold Pops and Drops on Fed- Prices Target Support Ahead of NFPs

Posted: 30 Oct 2015 01:48 PM PDT

Gold prices are lower for a second consecutive week with the precious metal down 1.8% to trade at 1142 ahead of the New York close on Friday.

Oil Prices Could Drive the CAD Lower Before the Recession Ends

Posted: 30 Oct 2015 01:43 PM PDT

The Canadian Dollar continued to slide lower to start the week, furthering the return of the up-trend in USD/CAD led by a precipitous drop in Oil prices.

Post-Fed GBP/USD Rebound at Risk on Dovish BoE, Soft Inflation Report

Posted: 30 Oct 2015 01:38 PM PDT

With GBP/USD largely reversing the decline following the Federal Open Market Committee’s (FOMC) policy meeting, the pair may continue to face range-bound prices in the week ahead as market attention turns to the Bank of England (BoE) interest rate decision on November 3.

USD/JPY Might Trade Sideways Until February

Posted: 30 Oct 2015 12:08 PM PDT

A major topping pattern could be forming in USD/JPY. Even if that is the case, 3 more months of sideways action may be in store in order to satisfy equality in time with the December 2014-May 2015 range.

US Dollar Lifted Briefly as Fed’s Favorite Inflation Measure Held Steady

Posted: 30 Oct 2015 11:06 AM PDT

The US Dollar rose briefly before resuming a two-day downtrend after the US Core Personal Consumption Expenditure Price Index held at 1.3 percent year-over for September.

EUR/USD Pares Fed-Driven Decline; Retail FX Flips Back to Net-Short

Posted: 30 Oct 2015 09:45 AM PDT

EUR/USD looks poised for a larger rebound going into November as the pair largely retraces the decline following the FOMC interest rate decision.

Price & Time: USD/JPY – 1998 High Still An Influence?

Posted: 30 Oct 2015 08:40 AM PDT

USD/JPY failed again to break above levels of 121.50 price, double top trigger found near 120.00.

China as Japan 2.0, and the Fed Signals No Concern for Global Markets

Posted: 30 Oct 2015 07:05 AM PDT

After markets surged on hopes of 'looser for longer,' the Fed and BOJ said 'no thanks.' But is the pain-chain over, or is it just getting started?

GBP/JPY Shorts Favored as Bearish Elliott Wave Pattern Prints

Posted: 30 Oct 2015 06:40 AM PDT

GBP/JPY holds below 186.30 after the Bank of Japan monetary statement. This keeps the bearish Elliott Wave 5-3 pattern favored towards 181.

USDollar Attempts a Fresh Bearish Breakout

Posted: 30 Oct 2015 05:50 AM PDT

The USDollar is attempting to breakout lower for the first time in 8 trading sessions. Learn today’s trading values with the Chart of the Day!

EUR/USD Inside Bar Breakout

Posted: 30 Oct 2015 05:05 AM PDT

After declining early in the week, the EUR/USD is preparing for another breakout. Learn about today’s developing inside bar trading pattern!

EUR/USD, GBP/USD Trendline Breaks Revisited as Greenback Fades

Posted: 30 Oct 2015 04:42 AM PDT

The USDOLLAR Index is pulling back after setting fresh H2'15 highs, and for now, only a short-term dip is anticipated.

GDP in Austria and Spain Continues to Show Expansion

Posted: 30 Oct 2015 02:36 AM PDT

Spain year-on-year growth up to 3.4%, the best since Q4 2007. Austria year-on-year up to 1%, above expected.

GBP/USD Strategy: Short Position Entered Above 1.53 Mark

Posted: 30 Oct 2015 12:41 AM PDT

The British Pound may be readying to resume the down trend against the US Dollar after prices broke through counter-trend line support set from late September.

New Zealand Dollar Gains as China Scraps One Child Policy

Posted: 29 Oct 2015 11:44 PM PDT

The New Zealand Dollar pushed higher after China announced the end to its one-child policy, a move that may become a windfall for dairy exporters.

Gold Smashed, Oil Rally Stalls as Dollar Steadies despite Asia Risk-On

Posted: 29 Oct 2015 11:06 PM PDT

Occasional risk-buying in Asia boosts stocks, commodity FX and copper; yet fails to revive the oil rally nor lift gold from a 3-week low

EUR/USD Rebound to Fizzle on Dismal Euro-Zone CPI Report

Posted: 29 Oct 2015 11:00 PM PDT

The rebound in EUR/USD may fizzle over the next 24-hours of trade should the Euro-Zone’s CPI report put increased pressure on the ECB to offer additional support.

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