What Does China’s Inclusion in the SDR Basket Mean for the Markets?

What Does China’s Inclusion in the SDR Basket Mean for the Markets?
Australian Dollar Gains as RBA Rate Cut Bets Deteriorate
WTI Crude Oil Price Forecast: Double-Bottom Pattern Favored Above $43.43
Can a Trader Take Advantage of the IMF’s Chinese Yuan Decision?
China Takes Important Steps Ahead of Key IMF Decision
Volatility Risks Surge in these Currencies - What We’re Watching
The $64 Billion Drawdown Heard Around the World
Dow Jones (Dow 30) Set to Open Higher
Silver Should Be Trading at $13.95
USDOLLAR Bull Flag Looks Promising, but Looks are Deceiving
DAX 30: Break To Last Week’s High To Resume Bullish Trend
FTSE 100: A Pullback Looks Likely, Chicago PMI on Tap
Forex Webinar: Euro May Rise Even as ECB Boosts Stimulus
Euro May Ignore German CPI as ECB Rate Decision Looms Large
Oil Price Routs before OPEC Meeting; China Copper Cutbacks Disappoint
Chinese Yuan Induction into the IMF SDR May Come to Fruition

Posted: 30 Nov 2015 06:42 PM PST

A portion of the trading rank was disappointed by the market's response to news that the IMF had approved the Chinese Yuan's inclusion into its SDR basket.

Australian Dollar Gains as RBA Rate Cut Bets Deteriorate

Posted: 30 Nov 2015 06:28 PM PST

The Australian Dollar rallied against its US counterpart after a series of data releases appeared to weigh against near-term RBA rate cut speculation.

WTI Crude Oil Price Forecast: Double-Bottom Pattern Favored Above $43.43

Posted: 30 Nov 2015 01:52 PM PST

Oil looks to finish off its worst month of price performance since July by falling nearly 11%, but there's hope yet for bulls.

Can a Trader Take Advantage of the IMF’s Chinese Yuan Decision?

Posted: 30 Nov 2015 10:17 AM PST

Today’s Headline is that IMF approved Yuan’s inclusion in SDR. This is a milestone event. But how can a trader benefit from it?

China Takes Important Steps Ahead of Key IMF Decision

Posted: 30 Nov 2015 09:13 AM PST

While waiting IMF for a decision on Yuan’s inclusion in SDR basket, China made a few more gestures to show the world that it is willing to and working on the opening up of its financial markets.

Volatility Risks Surge in these Currencies - What We’re Watching

Posted: 30 Nov 2015 08:00 AM PST

A sharp jump in financial risks ahead warns that traders should trade defensively through the foreseeable future. Here are key risks and currencies we’re watching.

The $64 Billion Drawdown Heard Around the World

Posted: 30 Nov 2015 06:58 AM PST

Pension funds traditionally carry conservative investment allocations, and this is one of the primary reasons why.

Dow Jones (Dow 30) Set to Open Higher

Posted: 30 Nov 2015 06:45 AM PST

The Dow Jones Industrial Average (Dow 30) is set to open higher Monday, testing key values of resistance. Day traders will continue to monitor the 17,871 price level.

Silver Should Be Trading at $13.95

Posted: 30 Nov 2015 06:16 AM PST

Silver prices are sluggish but have declined to our advantage with the overall trend remaining bearish below $14.40.

USDOLLAR Bull Flag Looks Promising, but Looks are Deceiving

Posted: 30 Nov 2015 04:00 AM PST

FX markets are shuffling along in anticipation of this week's wave of high level event risk.

DAX 30: Break To Last Week’s High To Resume Bullish Trend

Posted: 30 Nov 2015 01:15 AM PST

The overall trend is bullish above 10,866 and I see no reason for traders to change their bias so long as the DAX 30 remains above this level.

FTSE 100: A Pullback Looks Likely, Chicago PMI on Tap

Posted: 30 Nov 2015 01:08 AM PST

FTSE 100 is bullish above 6220 and traders will probably use a pullback or bullish breakout to add to their long exposure. Chicago PMI, Pending Home Sale and Dallas Fed Manufacturing are on tap, but not expected to alter the overall trend.

Forex Webinar: Euro May Rise Even as ECB Boosts Stimulus

Posted: 29 Nov 2015 11:22 PM PST

The Euro may launch a recovery despite an expansion of ECB stimulus measures as the new effort falls short of the markets' dovish expectations.

Euro May Ignore German CPI as ECB Rate Decision Looms Large

Posted: 29 Nov 2015 10:42 PM PST

The Euro may look past German CPI data as traders withhold directional commitment ahead of the much-anticipated ECB monetary policy announcement later in the week

Oil Price Routs before OPEC Meeting; China Copper Cutbacks Disappoint

Posted: 29 Nov 2015 09:46 PM PST

Oil slid on OPEC’s glut idea before semi-annual meeting. China’s 5% output cuts disappointed copper. Gold at 6-year low in an eventful week

Chinese Yuan Induction into the IMF SDR May Come to Fruition

Posted: 29 Nov 2015 08:43 PM PST

The Chinese Yuan looks poised to be inducted into the International Monetary Fund’s Special Drawing Rights (SDR) basket of reserve currencies.