Wednesday, November 25, 2015

Australian Dollar Declines as Capex Data Fuels RBA Rate Cut Bets

Australian Dollar Declines as Capex Data Fuels RBA Rate Cut Bets

Australian Dollar Declines as Capex Data Fuels RBA Rate Cut Bets

Posted: 25 Nov 2015 07:14 PM PST

The Australian Dollar tumbled against its US counterpart after Australia’s third quarter Capex data rallied RBA rate cut bets.

EUR/USD Technical Analysis: Bounce Hinted Near 1.06

Posted: 25 Nov 2015 05:24 PM PST

The Euro continues to stall above the 1.06 figure against the US Dollar as markets struggle for directional conviction in thinning pre-holiday trade.

Forex Positioning Warns that the US Dollar May Lose Further

Posted: 25 Nov 2015 12:05 PM PST

Retail FX traders remain aggressively long the US Dollar versus the Euro, British Pound, Canadian Dollar, and Gold prices. Until this changes we remain in favor of buying into USD gains.

Gold Price Forecast to Fall Further versus Dollar

Posted: 25 Nov 2015 12:00 PM PST

Retail forex traders remain aggressively long Gold versus the US Dollar, and a contrarian view of crowd sentiment warns of further near-term weakness.

New Zealand Dollar Outlook Remains Positive

Posted: 25 Nov 2015 12:00 PM PST

Retail FX traders remain marginally net-short the New Zealand Dollar versus the US Dollar, and a contrarian view of crowd sentiment leaves us watching for further NZD/USD gains. It was last week that we noted a marked shift towards selling warned of a near-term turn higher in the NZD. And until we see the opposite—crowds buying—we see little reason to alter our near-term forecast.

S&P 500 Remains in Position to Rally

Posted: 25 Nov 2015 12:00 PM PST

Retail speculators continue selling aggressively into SPX500 gains—a CFD which tracks the fair value of the S&P E-mini futures contract. If the crowd is selling we typically look to buy, and a contrarian view of ‘the herd’ mentality keeps us focused on further near-term strength.

US Dollar Likely to Strengthen versus Canadian Dollar

Posted: 25 Nov 2015 12:00 PM PST

Retail forex traders remain aggressively short the US Dollar versus the Canadian Dollar, and a contrarian view of crowd sentiment keeps us focused on further USD/CAD gains.

British Pound Expected to Trade Lower

Posted: 25 Nov 2015 12:00 PM PST

Aggressively one-sided retail forex trader sentiment warns that the British Pound may continue lower versus the US Dollar.

Euro Forecast Turns Bearish as Crowds Buy

Posted: 25 Nov 2015 12:00 PM PST

One-sided retail FX trader sentiment warns that the Euro may continue lower against the US Dollar. The majority of traders in our sample remain long the EUR/USD, and a contrarian view of trader sentiment leaves us firmly bearish.

AUD/NZD Pullback Testing Pivotal Support

Posted: 25 Nov 2015 11:46 AM PST

A multi-year slope pivot appears to be providing interim support after hitting two-month highs this week. Here are the updated targets & invalidation levels that matter.

Looking to sell a failure in USD/CAD

Posted: 25 Nov 2015 11:10 AM PST

USD/JPY Continues to Coil Ahead of Japan CPI, Month-End Flows

Posted: 25 Nov 2015 10:25 AM PST

Following the breakout from earlier this month, USD/JPY appears to be coiling for a move higher as it preserves the range from the previous week.

Price & Time: USD/CAD – Big Test Upcoming

Posted: 25 Nov 2015 08:25 AM PST

Timing window coming to an end over next few days, 1.3460 area remains important pivot zone.

Silver Prices: To Trade Lower On Strong U.S. Data

Posted: 25 Nov 2015 08:03 AM PST

Silver prices pull back from resistance and maintain their downward trend on U.S. data beating economist consensus expectations. News of ECB frontloading their stimulus ahead of the Christmas holiday is also keeping silver prices soft.

GBP/USD Inside Bar Breakout

Posted: 25 Nov 2015 07:10 AM PST

The GBP/USD continues to trade inside of yesterday’s high and low. Learn to trade the potential breakout with the Chart of the Day!

Pre-Holiday Data Keeps USD on Track versus EUR

Posted: 25 Nov 2015 06:15 AM PST

After today's data, US-German yield spreads continued to suggest a weaker EUR/USD.

The ECB Fires a Warning Signal, but Will They Deliver in December?

Posted: 25 Nov 2015 06:09 AM PST

Much of the world is walking into the December ECB meeting expecting an increase to QE, but if history is any guide, we may just have to wait.

USD/JPY Technical Analysis: 21-DMA Support Key for Bulls

Posted: 25 Nov 2015 06:04 AM PST

The Japanese Yen is unlikely to gain a foothold in G10FX without a true risk-off event or shake-up of the current paradigm of central bank-led markets.

US DOLLAR Technical Analysis: The Buck Remains Above Key Support

Posted: 25 Nov 2015 05:09 AM PST

The US Dollar has a lot going for it fundamentally, but the technical picture may encourage traders to wait for clarity.

ECB Financial Stability Review Signals Concern About Emerging Markets

Posted: 25 Nov 2015 04:01 AM PST

The Euro area financial system resilient to occasional bouts of volatility but emerging markets may hurt global confidence

DAX 30 - The Tides Are Turning

Posted: 25 Nov 2015 01:11 AM PST

The overall DAX 30 trend is bullish above 10,864 and traders will probably use a pullback in the DAX to add to their long exposure

Fed Rate Hike Cycle Doesn’t Necessarily Bode Well for US Dollar

Posted: 25 Nov 2015 01:00 AM PST

Higher interest rates tend to support a stronger currency. For the US Dollar, gains after a December Fed rate hike are anything but certain.

FTSE 100: Panic Has Settled, I Remain Bullish

Posted: 25 Nov 2015 12:48 AM PST

Yesterday's panic has settled and the 6219 low is the FTSE 100's new trend defining level, with traders not long probably seeking an entry on a pullback

US Dollar May Rise on PCE Data, Thin Trade May Boost Volatility

Posted: 25 Nov 2015 12:18 AM PST

The US Dollar may rise as the Fed’s favored inflation gauge hits a 10-month high. Kneejerk volatility may be amplified in thinning pre-holiday trade.

S&P/ASX 200 Technical Analysis: Repeated Rejection at Triple Top

Posted: 24 Nov 2015 11:03 PM PST

The S&P/ASX 200 declined for a second day after last week’s swift rise stopped short of resistance at 5305 again, forming a triple top similar to those seen in August and October.
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