Friday, December 11, 2015

Weekly Trading Forecast: It’s Do-or-Die Time for the US Dollar

Weekly Trading Forecast: It’s Do-or-Die Time for the US Dollar

Weekly Trading Forecast: It’s Do-or-Die Time for the US Dollar

Posted: 11 Dec 2015 05:50 PM PST

All eyes turn to a critical US Federal Reserve interest rate announcement this week. Will US interest rates finally achieve 'liftoff', or will the US Dollar see a crash landing?

Australian Dollar May Drop as Fed Rate Hike Sinks Risk Appetite

Posted: 11 Dec 2015 05:43 PM PST

The Australian Dollar may decline if risk aversion breaks out after the Federal Reserve finally delivers its first post-QE interest rate hike at next week’s policy meeting.

Gold Primed for a Push Higher- Sell the Fed Rip

Posted: 11 Dec 2015 05:05 PM PST

Gold prices are softer this week with the precious metal down nearly 1% to trade at 1075 ahead of the New York close on Friday.

Will the Chinese Yuan Stop Falling in the Week Ahead?

Posted: 11 Dec 2015 04:28 PM PST

In the past week, the Chinese yuan offshore exchange rate against the US Dollar has had little upside action, despite the US Dollar seeing higher volatility while breaking major technical support levels against other currencies.

JPY Sees Biggest Weekly Gain in 3 Months on Risk Rout

Posted: 11 Dec 2015 04:01 PM PST

When the Japanese Yen is best performer against the US Dollar over a week and is higher against 31 of its peers over a sixth month span, global markets are typically not ‘Bullish’.

British Pound Looks like a Buy, but Watch Huge Risk on Fed Decision

Posted: 11 Dec 2015 03:47 PM PST

Another big week for the British Pound left the GBP/USD exchange rate at fresh monthly highs, but an even-bigger week ahead warns of major volatility for all US Dollar FX counterparts.

Europe: There is Nothing Civil about Civil War, in Politics or Economics

Posted: 11 Dec 2015 03:29 PM PST

So how about that Euro, huh? After last week’s four-handle burst on the back of the ECB disappointment, many traders looked at this as a gift from markets: The potential to short the currency of an economy that’s facing significant headwinds without the ability to form a strong enough coalition to actually try to counter this weakness.

Buy or Sell: EUR/USD Prepares for FOMC Meeting

Posted: 11 Dec 2015 12:07 PM PST

EUR/USD stabilizes near 1.10 in advance of the anticipated Fed rate announcement. Technical analysis, sentiment, and volume readings on EUR/USD suggest a continued correction of the previous down trend.

USD/MXN Takes Out Important Price & Time Resistance

Posted: 11 Dec 2015 12:07 PM PST

USD/JPY Reverses November Breakout; Working on Yearly Doji

Posted: 11 Dec 2015 11:11 AM PST

USD/JPY technical observations on the monthly chart warn of a top. This week’s drop under 121.60, which was the bullish breakout level in November, may serve as an early trigger that the broader trend has reversed.

Price & Time: USD/JPY – The Big Picture Tea Leaves

Posted: 11 Dec 2015 09:30 AM PST

Long-term cycles suggest caution for USD/JPY, 116.00 and 126.00 critical in 2016.

Look Out Below: The Strains from the Commodity Carnage are Starting to Show

Posted: 11 Dec 2015 07:00 AM PST

A major commodity company sacking over 60% of their work force is a troubling indication of what is to come.

US Dollar Stability Contingent on Data Pre-FOMC

Posted: 11 Dec 2015 05:00 AM PST

The US Dollar needs incoming economic data to come up all positive otherwise the Fed rate hike next week will be of the dovish variety.

Silver Prices – Down-trend Persists, But Support Provides Warning to Shorts

Posted: 11 Dec 2015 04:54 AM PST

Silver has been stuck in a strong down-trend, but short-term support is at hand.

Euro Little Changed After Sixth TLTRO Allotment Shows Demand Rose

Posted: 11 Dec 2015 03:41 AM PST

The Euro was little changed versus its major currency counterparts after today's Targeted LTRO did little to sway markets from risk sentiment

EUR/GBP Technical Analysis: Passing on Short Trade Setup

Posted: 11 Dec 2015 01:33 AM PST

The Euro put in a bearish Evening Star candlestick pattern, hinting that a turn lower against the British Pound may be looming ahead.

NZD/USD Technical Analysis: Short Trade Setup Sought

Posted: 11 Dec 2015 12:25 AM PST

The New Zealand Dollar is attempting to renew the recovery against its US namesake having found support following the RBNZ monetary policy announcement.

USD/CNH Technical Analysis: Trying to Break August Top

Posted: 11 Dec 2015 12:05 AM PST

The US Dollar is attempting to renew upside momentum against the Chinese Yuan in offshore trade after a spike to four-month highs failed to hold up yesterday.

Weak U.S. Retail Sales to Fuel ECB-Drive EUR/USD Advance

Posted: 11 Dec 2015 12:00 AM PST

The near-term advance in EUR/USD may gather pace over the next 24-hours of trade should the U.S. Retail Sales report continue to disappoint.

Euro and Yen May Rise as Aussie Dollar Falls on Soft US Data

Posted: 10 Dec 2015 08:10 PM PST

The Euro and Yen may rise while the Australian Dollar heads lower if downbeat US economic data given imminent Fed tightening stokes growth fears and triggers risk aversion.
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