Friday, January 29, 2016

Chinese Yuan Remains Stable Despite of BOJ Decision

Chinese Yuan Remains Stable Despite of BOJ Decision


Chinese Yuan Remains Stable Despite of BOJ Decision

Posted: 29 Jan 2016 03:36 PM PST

The yuan offshore rate (CNH) moved little against the dollar this week, closing with a slightly bearish position on Friday.

BoJ Makes Stealth Move to Negative Rates, Pressure on to China

Posted: 29 Jan 2016 03:14 PM PST

Confidence is a pretty important thing in a financial system. After all, in a fiat-based monetary system, all that we really have is faith.

CAD Rally Stalls After Reversing Longest Losing Streak Since 1971

Posted: 29 Jan 2016 02:27 PM PST

Steven Poloz’s refrain of a Bank of Canada rate cut that had become the preferred bet as the Loonie dropped brought a magnificent reversal for the CAD.

GBP/USD to Rebound to Succumb to Dovish BoE, Upbeat NFP Report

Posted: 29 Jan 2016 01:48 PM PST

The Bank of England (BoE) interest rate decision is likely to heavily impact the British Pound next week with the central bank schedule to release its updated forecasts, and the near-term rebound in GBP/USD may continue to unravel should the Monetary Policy Committee (MPC) show a greater willingness to further delay the normalization cycle.

USD/JPY-Don’t Forget about the 26 Year Trendline

Posted: 29 Jan 2016 11:44 AM PST

Some perspective is in order regarding the USD/JPY rally this week. The 2015 high was right at the 1990-1998 line (log scale). The point here is that a broader topping formation remains possible.

Gold Prices Have Best Month in Past 12 Months - What’s Next?

Posted: 29 Jan 2016 11:03 AM PST

January 2016 was the best month for Gold in 12 months. The Elliott Wave technical picture shows an increased possibility of a several handle move back towards the December lows

USD/JPY Inflection Point

Posted: 29 Jan 2016 10:50 AM PST

USD/JPY: Shock and Some Awe

Posted: 29 Jan 2016 07:45 AM PST

USD/JPY rallies violently into cyclical turn window, 121.50 – 122.00 is critical resistance.

USD/JPY Technical Analysis: Yen Drops Most In Year on BoJ Negative Rates (Levels)

Posted: 29 Jan 2016 07:30 AM PST

The Bank of Japan bailed out Yen shorts by resorting to negative interest rates, pushing JPY quickly to weakest G10 Currency.

U.S. GDP Growth Disappoints By 0.1%

Posted: 29 Jan 2016 06:30 AM PST

Q4 2015 GDP was lower than expected, USDOLLAR performing at its best day so far in 2016.

USD/CAD Caught in Range Under 1.4075

Posted: 29 Jan 2016 05:50 AM PST

The USD/CAD has opened Friday trading in a 97 pip range.

Silver May Be Ready to Resume Its Bullish Trend

Posted: 29 Jan 2016 05:15 AM PST

USD/JPY Higher on BOJ’s ’Shock and Awe’ Policy - Will it Last?

Posted: 29 Jan 2016 04:00 AM PST

Let's put it this way: the BOJ was the most recent central bank to engage in competitive devaluation policies.

FTSE 100 Remains Bullish Above 5869

Posted: 29 Jan 2016 03:10 AM PST

The latest slide in the U.S. Dollar on the FOMC outcome (relief for commodities), and the surprise cut by the BoJ (adding to risk-appetite), should keep the FTSE 100 strong.

DAX 30: Brighter Outlook Following BoJ Surprise Cut

Posted: 29 Jan 2016 03:00 AM PST

The bullish outlook for the German DAX 30 (FXCM: GER30) is stronger after the Bank of Japan (BoJ) lowered its deposit by 20bp to -10bp, adopting negative interest rates in a surprise move overnight.

Euro Slightly Higher on CPI Uptick, March Still in Focus

Posted: 29 Jan 2016 02:34 AM PST

The Euro traded slightly higher versus other major currencies after today's CPI data showed an acceleration in January

Oil Collapse Driven by Panic; Is CAD at a Policy Turning Point?

Posted: 29 Jan 2016 02:30 AM PST

Register for today's webinar at 9:00 EST/14:00 GMT with James Stanley and Christopher Vecchio to discuss the impact of the oil price crash on FX markets.

EUR/USD Rebound to Gather Pace on Lackluster U.S. GDP, PCE

Posted: 29 Jan 2016 12:00 AM PST

A dismal U.S. GDP report may fuel a larger rebound in EUR/USD as it dampens bets for a Fed rate-hike in the first-half of 2016.

Markets Cheer BOJ Easing But US GDP Data May Cool Optimism

Posted: 28 Jan 2016 11:59 PM PST

Financial markets cheered an unexpected expansion of Bank of Japan stimulus but investors’ mood may sour if fourth-quarter US GDP data rekindles Fed rate hike bets.

Japan Negative Rate Spooks Gold, Rumored OPEC Cut Supports Oil

Posted: 28 Jan 2016 10:45 PM PST

Gold swung around as Bank of Japan’s negative rate hindered haven needs. Oil calmed from Russia-triggered rally via claims of OPEC cuts

AUD/USD Technical Analysis: Upswing to Yield Short Setup

Posted: 28 Jan 2016 09:13 PM PST

The Australian Dollar looks set to continue the recovery against its US counterpart having cleared chart resistance en route to the highest level in three weeks.

USD/JPY Spiked After Bank of Japan Adopted Negative Interest Rates

Posted: 28 Jan 2016 08:56 PM PST

The Yen fell and then quickly reversed price action against the US Dollar after the BoJ adopted several accommodative measures in its January rate decision.

EUR/USD Technical Analysis: Euro Breaks Key Channel Top

Posted: 28 Jan 2016 07:14 PM PST

The Euro broke resistance capping gains against the US Dollar since mid-December, hinting that a larger upward correction is in the cards ahead.

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