Monday, November 2, 2015

Traders Skeptical That RBA Will Cut Rates, How Will AUD-USD React?

Traders Skeptical That RBA Will Cut Rates, How Will AUD-USD React?

Traders Skeptical That RBA Will Cut Rates, How Will AUD-USD React?

Posted: 02 Nov 2015 06:33 PM PST

The market is skeptical of an RBA rate cut given the recent strength of data and the stable outcome from its global counterparts. But surprise here could stir a large AUD response.

NZD/USD Technical Analysis: Test of Long-Term Trend Ahead?

Posted: 02 Nov 2015 06:23 PM PST

The New Zealand Dollar may be carving out a Flag continuation pattern which, if confirmed, would point to resumption of the advance from late-September lows against the currency’s US counterpart.

AUD/USD Technical Analysis: Upside Correction Hinted Ahead

Posted: 02 Nov 2015 06:00 PM PST

The Australian Dollar put in a Bullish Engulfing candlestick pattern, hinting a bounce against its US counterpart may be brewing ahead.

EUR/GBP Technical Analysis: Struggling to Break 0.71 Figure

Posted: 02 Nov 2015 04:57 PM PST

The Euro dipped to the lowest level in eleven weeks against the British Pound but prices failed to secure a confirmed break of chart support near the 0.71 figure.

EUR/USD Technical Analysis: Waiting to Re-Enter Short Trade

Posted: 02 Nov 2015 04:40 PM PST

The Euro is attempting to mount a cautious recovery after prices found support just below the 1.09 figure against the US Dollar.

Monetary Policy Expectations are Shifting, And FX Trends Will Follow

Posted: 02 Nov 2015 04:00 PM PST

While seasonal studies for the equity markets may suggest activity cools into the final months of the year, the FX market does not follow so linear a historical reiteration of trend.

AUD/USD Outlook Mired by Split Expectations for RBA Rate Decision

Posted: 02 Nov 2015 03:00 PM PST

Split expectations surrounding the RBA interest rate decision may spur increased volatility in AUD/USD as market participants weigh the outlook for monetary policy.

USD/CAD Technical Analysis: Has The Bearish Wedge Proven True?

Posted: 02 Nov 2015 01:17 PM PST

GBP/USD Technical Analysis: Convoluted Price Action Ahead of Super Thursday

Posted: 02 Nov 2015 12:47 PM PST

In our last piece, we looked at a short setup in GBP/USD after a trend-channel resistance inflection, combined with the major psychological level at 1.5500 for stop placement. All three targets provided for the short-side were quickly met, as FOMC-driven USD-strength brought the Cable below the vaulted 1.5250 psychological level, albeit temporarily.

GBP/JPY Technical Analysis: Bear-Flag Breaks, But a New Trend-Line Emerges

Posted: 02 Nov 2015 12:21 PM PST

GBP/JPY continued to ride within the bear-flag identified in our last piece, until a major break lower on the back of a ‘no-move’ from the Bank of Japan.

USD/CHF Technical Analysis: Big Picture Fib Resistance Sets the Top

Posted: 02 Nov 2015 11:19 AM PST

The symmetrical wedge that we identified previously has finally given way after catching near-term resistance to close the previous week. But surging prices left this trend-line in the dust, and higher-highs and higher-lows have begun to show a bullish bias in USD/CHF.

Webinar: Big Data Week to Threaten USD- RBA, BoE, NFP Setups in Focus

Posted: 02 Nov 2015 11:15 AM PST

The USD crosses are in focus ahead of major event risk this week. Here are the updated targets & invalidation levels that matter.

USD/JPY Rebound Eyes Range-Resistance Ahead of BoJ Minutes

Posted: 02 Nov 2015 10:05 AM PST

The near-term rebound in USD/JPY may open up the top of the current range amid the deviating paths for monetary policy.

Gold Price Outlook: A Technical Trader’s Market

Posted: 02 Nov 2015 09:57 AM PST

Continued weakness in Gold prices have come down to a projected trend-line from the July lows.

S&P 500 Technical Outlook: New Line in the Sand at 2,100

Posted: 02 Nov 2015 08:57 AM PST

Risk is on in a very big way. But last week's high can help set the tone for trading setups in the S&P for the week ahead.

Price & Time: EUR/JPY - BoJ Out of the Way But Big Week For EUR/JPY

Posted: 02 Nov 2015 07:40 AM PST

EUR/JPY will be facing an important timing confluence this week. Fibonacci zone between 131.00 and 132.00 will be key price levels.

Silver Price: Adding To Losses On Higher Interest Rates

Posted: 02 Nov 2015 07:39 AM PST

Silver is soft as the U.S. Dollar and short-term interest rates drift higher. Price may reach $15.

COT - Change in Euro Positioning is a Record

Posted: 02 Nov 2015 07:06 AM PST

The 1 week changes in commercial and non-commercial (large speculators) positioning on euro futures last week was a record. Commercials were buyers and speculators were sellers. The implication is near term bullish.

Two Ways to Trade the Euro and the Dollar

Posted: 02 Nov 2015 06:03 AM PST

After a hawkish Fed brought strength into the Dollar over the previous two weeks, markets are setup for some huge moves for the week ahead.

FTSE 100: Momentum Slows Further, ISM Mfg. On Tap

Posted: 02 Nov 2015 04:59 AM PST

The FTSE 100 is struggling and momentum is dropping further with no edge being handed to either bullish or bearish traders. U.S. ISM Manufacturing on tap.

USDOLLAR Index Lacks Conviction at Top as EUR/USD Steadies

Posted: 02 Nov 2015 04:11 AM PST

A pseudo-evening star candle cluster at recent highs bodes poorly for the USDOLLAR Index in the short-term.

British Pound Rises on Highest Markit PMI in Over a Year

Posted: 02 Nov 2015 02:31 AM PST

The British Pound rose versus the US Dollar after October’s Markit Manufacturing PMI printed 55.5, well above expectations

DAX 30: Softer Despite Better Than Expected Caixin China PMI

Posted: 02 Nov 2015 12:47 AM PST

German DAX has stabilised after being lower by 0.75% this morning. For now, the short-term trend is bullish, but a break of last week’s low may trigger a decline to 10,500. U.S. ISM Mfg. is on tap.

US Dollar, Pound May Take Divergent Paths on Manufacturing Data

Posted: 01 Nov 2015 11:22 PM PST

The US Dollar and the British Pound may take divergent paths as manufacturing-sector activity data yields opposing implications for Fed and BOE monetary policy bets.

Risk Assets Recover yet Doubts Linger after Tepid China Factory Gauge

Posted: 01 Nov 2015 09:06 PM PST

Firm Caixin China Manufacturing PMI spurs risk-buying after tepid official data; though not enough to reverse a downtrend in gold, copper
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