Friday, October 16, 2015

Weekly Trading Forecast: The Risk Rebound Continues as Dollar Avoids Collapse

Weekly Trading Forecast: The Risk Rebound Continues as Dollar Avoids Collapse


Weekly Trading Forecast: The Risk Rebound Continues as Dollar Avoids Collapse

Posted: 16 Oct 2015 04:50 PM PDT

Volatility continues to settle from the extraordinary activity of the previous two months. Confidence is finding a foothold, but will it hold out given the backdrop and key event risk like Chinese 3Q GDP?

Risk Trends and Dollar Shorts Will be Put to Task Next Week

Posted: 16 Oct 2015 04:40 PM PDT

The financial markets seemed to regain a sense of confidence this past week with volatility measures retreating and benchmarks like the S&P 500 regaining lost ground.

Extreme Speculation on Monetary Policy Will Fuel Trade Opportunities

Posted: 16 Oct 2015 04:27 PM PDT

Monetary policy has been a key fundamental driver for the global financial markets these past months and it will no doubt be a deciding factor in underlying trends moving forward.

Australian Dollar at Risk as China Data Stokes RBA Rate Cut Bets

Posted: 16 Oct 2015 02:48 PM PDT

The Australian Dollar may turn lower after hitting a two-month high as soft Chinese GDP data amplifies swelling RBA interest rate cut speculation.

China GDP, Fed Rhetoric to Steer Gold Breakout- $1151 Now Support

Posted: 16 Oct 2015 02:48 PM PDT

Gold prices are higher for a second consecutive week with the precious metal up 2.33% to trade at 1183 ahead of the New York close on Friday.

USD/JPY Decline to Eye August Low on Japan Trade Surplus, Dovish Fed

Posted: 16 Oct 2015 02:39 PM PDT

The key event risks due out next week may heighten the appeal of the Japanese Yen and fuel a further decline in USD/JPY should the developments undermine speculation for a further expansion in the Bank of Japan’s (BoJ) asset-purchase program.

Mixed Bag of UK Data with a Weak US Dollar Drives GBP/USD Higher

Posted: 16 Oct 2015 02:33 PM PDT

Last week the Bank of England struck a cautious tone as global growth concerns raised enough red flags for the Monetary Policy Committee to vote 8-1 in favor of keeping rates flat at .5%.

USD/JPY and Major Reversals in Years that End in 5

Posted: 16 Oct 2015 01:18 PM PDT

1985, 1995, 2005, and 2015. These years all end in 5. They also represent major (2015 yet to be determined of course) turning points in the USD/JPY exchange rate.

The Weekly Volume Report: Sharp Uptick In Sterling Turnover

Posted: 16 Oct 2015 11:00 AM PDT

Instruments covered this week: EUR/USD, USD/JPY & GBP/USD

AUD/USD Rebound Vulnerable to Slowing China 3Q GDP

Posted: 16 Oct 2015 10:05 AM PDT

A marked slowdown in China’s 3Q GDP report may undermine the near-term advance in AUD/USD as it dampens the outlook for global growth.

EURUSD Opens at Range Support

Posted: 16 Oct 2015 06:50 AM PDT

The EURUSD has opened at support, inside of a 73 pip range. Learn today’s trading values with the Chart of the Day!

Price & Time: Energy Building In USD/JPY

Posted: 16 Oct 2015 06:30 AM PDT

Rebounds ahead of key support pivot. Range break looming?

A Raft of Bad Data Sends Global Stock Prices Higher

Posted: 16 Oct 2015 06:01 AM PDT

More bad data throughout the week has fired hopes of 'looser for longer.' But is the Fed going to back down?

COT - 2nd Largest Silver Buying Spree in 12 Years

Posted: 16 Oct 2015 05:45 AM PDT

Last week’s buying in silver by large speculators was on par with the operations that commenced the week of 5/22. That turned out to be a top but one has to look back over 10 years to see such a rapid shift in the ownership profile.

AUD/USD, USD/JPY Reverse, but USD Decline May Not be Over Yet

Posted: 16 Oct 2015 03:50 AM PDT

Data has been disappointing for the US Dollar overall, even if yesterday's jobless claims and US CPI figures helped lift the buck.

EUR/USD Risks Larger Pullback on Upbeat U. of Michigan Survey

Posted: 16 Oct 2015 03:00 AM PDT

A marked rebound in the U. of Michigan Confidence survey may spark a larger pullback in EUR/USD as it spurs an improved outlook for growth and inflation.

Australian Dollar Turns Lower as RBA Rate Cut Speculation Builds

Posted: 15 Oct 2015 10:35 PM PDT

The Australian Dollar turned lower amid building RBA interest rate cut speculation. Priced-in bets put traders’ conviction in on-coming easing at the highest in six weeks.

Oil Stressed by Supply Gain; Gold Rally Pauses after Good US Data

Posted: 15 Oct 2015 09:48 PM PDT

Oil struggled to rebound as EIA echoed API on US supply gain. Gold lowered after good US employment, inflation. Copper traded sideways

S&P 500 Revives Its Climb Without a True Risk Backing, Dollar Stabilizes

Posted: 15 Oct 2015 08:40 PM PDT

US equities seem to have made a strong 'risk-on' promise with a rally to 7-week highs while the Dollar pulled out of its own dive before momentum could truly set in.

Fed Presidents Talked Inflation Rate Targets and the State of US Economy

Posted: 15 Oct 2015 08:31 PM PDT

Fed Presidents Dudley and Mester remarked on the state of the US economy and discussed a rate hike before the Fed meets its inflation rate target.

EUR/USD Technical Analysis: Euro May Be Topping Sub-1.15

Posted: 15 Oct 2015 07:36 PM PDT

The Euro put in a bearish Dark Cloud Cover candlestick pattern, hinting prices may be carvinga top below the 1.15 figure against the US Dollar.

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