Friday, November 13, 2015

Weekly Trading Forecast: How Long can the US Dollar Defy Gravity?

Weekly Trading Forecast: How Long can the US Dollar Defy Gravity?

Weekly Trading Forecast: How Long can the US Dollar Defy Gravity?

Posted: 13 Nov 2015 05:30 PM PST

The US Dollar trades near major highs versus the Euro and other major FX counterparts as interest rate expectations remain center-stage. But further gains are hardly guaranteed—here are risks to watch.

Australian Dollar Rebound May Stall on FOMC Minutes, US CPI

Posted: 13 Nov 2015 05:20 PM PST

The Australian Dollar mounted a spirited recovery against its US counterpart last week but bets on a widening Fed vs. RBA policy divergence may prove the move short-lived.

Gold: Here’s What to Look for After this Historic Run

Posted: 13 Nov 2015 04:56 PM PST

Gold prices fell for a fourth consecutive week with the precious metal down nearly 0.3% to trade at 1081 ahead of the New York close on Friday.

Fonterra Milk Auction To Put Spotlight on RBNZ’s Next Move

Posted: 13 Nov 2015 04:30 PM PST

Halfway through the month of November, the New Zealand Dollar has retraced much of its October gains.

CAD Unable to Prevent Slide As Crude Oil Breaks Support

Posted: 13 Nov 2015 03:52 PM PST

The Canadian Dollar witnessed a strong drop in the second half of the week thanks in large part to a massive build in DoE and API Crude Oil Inventories this week.

USD/JPY Stuck in Continuation Pattern Ahead of Japan GDP, BoJ Meeting

Posted: 13 Nov 2015 03:26 PM PST

The long-term outlook for USD/JPY remains bullish as the Federal Reserve remains on course to remove the zero-interest rate policy (ZIRP), but the key developments coming out of Japan may produce a larger correction in the exchange rate should the Bank of Japan (BoJ) continue to endorse a wait-and-see approach at the November 19 interest rate decision.

GBP/USD Bounces Up to a Lower High Ahead of UK Inflation Data

Posted: 13 Nov 2015 03:09 PM PST

Last week, my colleague David Song reiterated our Bearish forecast on the British Pound, citing the dovish tone taken by the Bank of England during Super Thursday and the fact that it looked as though the Sterling was going to continue getting hit by depressed rate expectations moving forward.

US Dollar Remains in Control, but Can it Really Hold its Gains?

Posted: 13 Nov 2015 02:50 PM PST

The US Dollar rallied to fresh multi-month highs versus the Euro and other major counterparts as investors bought into the previous week’s breakout.

EUR/USD Traders Keep Long Positions as Price Nears 7 Month Lows

Posted: 13 Nov 2015 12:47 PM PST

The number of EUR-USD long traders remain near 2015 yearly highs. Elliott Wave patterns suggest higher probability of continued selling medium term.

EUR/USD Indecision (Weekly Doji) at 30 Year Trendline

Posted: 13 Nov 2015 12:35 PM PST

In line with the broader trend, 9 months of sideways trade in GBP/USD has resolved to the downside. Focus is on the lower parallel supports that cross lows over the last several years

EUR/GBP Holds Support Ahead of U.K. CPI

Posted: 13 Nov 2015 11:25 AM PST

The longer-term outlook for EUR/GBP remains tilted to the downside amid the deviating paths for monetary policy, but the pair may consolidate in the week ahead as it largely retains the opening monthly-range for November.

October’s $10,000 Challenge Winner

Posted: 13 Nov 2015 11:19 AM PST

FXCM and DailyFX are happy to announce our $10,000 Monthly Challenge winners for the month of October. Learn more about October’s contest here!

AUD/USD Preserves Descending Channel Formation Ahead of RBA Minutes

Posted: 13 Nov 2015 10:05 AM PST

AUD/USD may continue to give back the advance from earlier this week should the RBA show a greater willingness to further embark on its easing cycle.

GBP/NZD Trades to Daily Trendline Resistance

Posted: 13 Nov 2015 07:25 AM PST

After declining 2899 pips, the GBP/NZD is now trading back at trendline resistance. Learn how to join the trend with today’s Analyst Pick.

GBP/USD Tests Resistance on Disappointing U.S. Data

Posted: 13 Nov 2015 06:45 AM PST

U.S. Advanced Retail Sales printed worse than expected this morning. Learn what this means for the GBP/USD with the Chart of the Day!

What in the World is the Fed Doing, and How Can an Investor Respond?

Posted: 13 Nov 2015 06:32 AM PST

With all of the banter about 'lift-off,' the Fed is trying to change the conversation to 'pace of tightening.' But does that even matter anymore?

Price & Time: EUR/JPY - Flirting With Cyclical Breakdown

Posted: 13 Nov 2015 06:25 AM PST

The EUR/JPY is currently meandering around key Fibonacci levels. Last week's low levels represent a key level in the cross.

Silver Prices: Break of $14.52 May Trigger A Bigger Correction

Posted: 13 Nov 2015 05:11 AM PST

Stalking for a NZD/CAD Short

Posted: 13 Nov 2015 04:55 AM PST

Make or Break Day for the USDOLLAR Index?

Posted: 13 Nov 2015 04:45 AM PST

Data today carries significant weight for the US Dollar's near-term prospects.

The DAX 30 Tries to Levitate, Whilst the FTSE 100 and S&P 500 Sink

Posted: 13 Nov 2015 03:56 AM PST

Keep an eye on the October 27 low at 10,687. Break to this level and the DAX turns bearish.

EUR/USD Little Changed on Limited Impact From Mixed GDP

Posted: 13 Nov 2015 03:11 AM PST

The Euro was little changed versus the US Dollar after Mixed GDP figures didn’t seem to impact monetary policy bets.

NZD/USD Technical Analysis: Waiting for Spark Near 0.65 Figure

Posted: 13 Nov 2015 01:14 AM PST

The New Zealand Dollar continues to tread water against its US namesake, with prices waiting for new direction cues above near a familiar horizontal pivot near the 0.65 figure.

FTSE 100 May Bounce as Traders Book Profits Ahead of U.S. Retail Sales

Posted: 13 Nov 2015 01:10 AM PST

The FTSE 100 has stabilized after yesterday's steep decline, but still stands to meet our second target of 6100 over the next 1 to 2 trading sessions. A profit target level for bearish traders beyond 6100 is the October 2 low of 6047.

EUR/GBP Technical Analysis: Profit Booked on Short Trade

Posted: 13 Nov 2015 01:02 AM PST

The Euro looks like it may be readying a move higher against the British Pound after prices broke above falling trend line resistance set from mid-October.
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