Friday, February 12, 2016

Forex Weekly Forecast: Dollar is the Big Loser until this Changes

Forex Weekly Forecast: Dollar is the Big Loser until this Changes


Forex Weekly Forecast: Dollar is the Big Loser until this Changes

Posted: 12 Feb 2016 05:50 PM PST

Tensions are running high as the S&P 500 hits its worst streak since the heights of the Global Financial Crisis. But all hope is not lost—we’re keeping an eye on these key themes in the big week ahead.

US Dollar in Danger of Further Losses – Here are the Key Risks

Posted: 12 Feb 2016 05:41 PM PST

The US Dollar tumbled for the second straight week against the Japanese Yen and other major counterparts in a volatile week for global markets.

China Reopens after Holiday Week, How Will the Yuan Respond?

Posted: 12 Feb 2016 05:22 PM PST

The offshore Yuan (CNH) rose to the highest level in two months against the US Dollar this week thanks to a smaller-than-expected drop in China’s foreign reserves combined with Chair Yellen’s testimony saying that negative rates are not out of the question for the US economy.

Gold Rockets to Fresh Highs as Equity Rout Continues

Posted: 12 Feb 2016 05:09 PM PST

Gold prices soared for a fourth consecutive week with the precious metal rallying more than 5% to trade at 1247 on Thursday evening in New York.

Australian Dollar at Risk on RBA Outlook, Global Sentiment Trends

Posted: 12 Feb 2016 04:45 PM PST

The Australian Dollar recoiled sharply higher after hitting a 4-year low but a deteriorating RBA policy outlook and churning sentiment trends may renew selling pressure.

Canadian Dollar Has Found Life Outside The Price Of Oil

Posted: 12 Feb 2016 04:30 PM PST

The Canadian Dollar continues to claw back some of the 23% drop since the May 2015 low against the US Dollar.

It’s the Bank of Japan versus the Rest of the World

Posted: 12 Feb 2016 04:10 PM PST

It’s been quite the week for the Yen, and taking a step back, it’s been quite the two-week stretch for the Japanese currency.

USD/JPY Technical Analysis: Best 2-Week Run For JPY Since 1998

Posted: 12 Feb 2016 12:10 PM PST

The Markets Are Effectively Calling The Bluff Of The Bank Of Japan. USD/JPY Bears Had Feared Abenomics, Now The Bulls Do.

Crude Oil Turn in the Pipeline?

Posted: 12 Feb 2016 12:09 PM PST

Crude oil (WTI) has declined 77.3% since the 2011 high (broad commodities top). That figure is interesting because the financial crisis decline measured 77.46%. ‘Equality’ between alternating legs in a market move is NOT uncommon.

WTI Crude Oil Price Forecast: Oil Bounces 12% Off A 12 Year Low

Posted: 12 Feb 2016 10:15 AM PST

WTI took a sharp tumble lower below prior support toward a $25 handle alongside the US Dollar only to bounce 12% on hopes of a producer cut.

The CAC40 Rallies After Yesterday’s 4.1% Decline

Posted: 12 Feb 2016 08:00 AM PST

The CAC40 has opened higher this morning, with French shares attempting to rebound from yesterday’s 4.1% decline.

Stocks are Rebounding and Fresh Bear Flags are Forming

Posted: 12 Feb 2016 07:00 AM PST

Monday could be big: China re-opens after being closed all week in observance of Lunar New Year, and the US is on holiday. Be extra careful of weekend risk.

USD/JPY - The Abenomics Test

Posted: 12 Feb 2016 06:00 AM PST

USD/JPY tests key psychological support, will Japanese authorities intervene?

USDOLLAR Nears Major Technical Break; Don’t Trust the Euro

Posted: 12 Feb 2016 05:19 AM PST

Markets now think there is a greater chance of a rate cut than a rate hike at the March FOMC meeting.

Silver prices Trading At A Discount To Gold

Posted: 12 Feb 2016 04:59 AM PST

Silver prices are bullish above the February 2 low of $15.11, and I anticipate that trend following traders are likely to use a pullback to the $15.48 mark (yesterdays’ breakout level) as an opportunity to add to their bullish exposure.

DAX 30 Remains Bearish Below Wednesday’s High Of 9129

Posted: 12 Feb 2016 03:00 AM PST

The DAX 30 (FXCM: GER30) is bearish below Wednesday's high of 9129 and given this downtrend, traders will most likely use a correction to 9000 as an opportunity to add to their bearish exposure with stops above 9129.

The FTSE 100 Digests Its Losses

Posted: 12 Feb 2016 02:55 AM PST

Risk-aversion in the financial markets is abating which lifts the FTSE 100 and it seems fair to expect the FTSE 100 to digest its losses today.

Euro-Zone GDP in Line With Expectations, Greece Back in Recession

Posted: 12 Feb 2016 02:54 AM PST

The Euro traded sideways to slightly lower versus other majors after today’s GDP figures showed a rise in Q4, Greece slipped back into recession.

NZD/USD Technical Analysis: Struggling at Key Trend Line

Posted: 12 Feb 2016 01:09 AM PST

The New Zealand Dollar continues to tread water below pivotal resistance defining the down trend against the currency’s US counterpart sinceearly July 2014.

EUR/GBP Technical Analysis: Euro Rally May Be Fizzling

Posted: 12 Feb 2016 12:49 AM PST

The Euro spiked to the highest level in 14 months against the British Pound but the push higher stumbled ahead of the 0.79 figure.

EUR/USD Technical Analysis: Pivotal Resistance Pressured

Posted: 12 Feb 2016 12:49 AM PST

The Euro finds itself at trend-definingtechnical resistance after rising to the highest level in four months against the US Dollar.

No Stopping to Gold Upturn and Oil Bounces Even as Equities Plunge

Posted: 11 Feb 2016 10:53 PM PST

Gold rallied as Asian equities barely traded above fresh lows. Oil bounces back to $27 on news of OPEC cuts while copper stuck in lackluster

Euro May Fall vs. US Dollar as Data Renews Disparate Policy Bets

Posted: 11 Feb 2016 10:32 PM PST

The Euro may fall against the US Dollar as economic data flow brings the monetary policy divergence between the Fed and the ECB back to the forefront.

JPN225 Technical Analysis: 2-Year Low Under Threat

Posted: 11 Feb 2016 09:22 PM PST

JPN 225 broke 76.4% Fibonacci to contest past support at 14,963, followed by 2-year low at 14,353. Restricted dip buying amid clear downturn

EUR/USD to Face Larger Pullback on Dismal 4Q Euro-Zone GDP Report

Posted: 11 Feb 2016 09:00 PM PST

Signs of a slowing recovery in the euro-area may spark a larger pullback in EUR/USD as it puts increased pressure on the ECB to implement more non-standard measures.

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