Wednesday, February 3, 2016

Gold and Copper Charge Ahead as Oil Rebounds to Weak USD

Gold and Copper Charge Ahead as Oil Rebounds to Weak USD

Gold and Copper Charge Ahead as Oil Rebounds to Weak USD

Posted: 03 Feb 2016 06:54 PM PST

Sharp drop in USD lifted commodities, risk assets. Gold and copper sustained climbs, although oil may face consolidation given supply glut

EUR/GBP Technical Analysis: Trading Sideways Ahead of BOE

Posted: 03 Feb 2016 05:41 PM PST

The Euro remains locked in a narrow consolidation range above the 0.72 figure against the British Pound, with the outlines of a descending Triangle pattern hinting at a downside bias.

AUD/USD Technical Analysis: Aussie Rallies Most in 8 Months

Posted: 03 Feb 2016 05:22 PM PST

The Australian Dollar renewed the upside push against its US counterpart, yielding the largest one-day rally in eight months.

NZD/USD Technical Analysis: Support at 0.64 Holds Again

Posted: 03 Feb 2016 05:02 PM PST

The New Zealand Dollar produced the largest daily rally in nearly 11 months against its US counterpart, breaking out of its two-week range to breach the 0.66 figure.

JPN 225 Technical Analysis: Back in Range amid Choppy Trade

Posted: 03 Feb 2016 04:53 PM PST

JPN 225 retraced down to middle of its range as the earlier rebound finished. Choppy trading and consolidation will likely follow

EUR/USD Technical Analysis: Euro Rallies Most in 2 Months

Posted: 03 Feb 2016 04:33 PM PST

The Euro launched sharply higher against the US Dollar, putting in the largest daily advance in two months and securing a foothold above the 1.11 figure.

GBPUSD Breakout Levels- Key Resistance in Focus Ahead of BoE

Posted: 03 Feb 2016 01:13 PM PST

The sterling breakout is eyeing down its first major resistance hurdle just shy of the 1.47-handle. Here are the updated targets & invalidation levels that matter.

SPX500: A Story That Can Only be Told with Charts

Posted: 03 Feb 2016 12:44 PM PST

While much of the world wrestles with both bulls and bears, the chart continues to show the risk of continued pressure in stocks.

EUR/USD Breaks Out; Retail FX Remains Net-Short Ahead of Draghi

Posted: 03 Feb 2016 10:15 AM PST

Fresh comments from ECB President Mario Draghi may do little to halt the breakout in EUR/USD as the pair looks poised to threaten the bearish formations from 2015.

PBOC says China’s Economy Will Continue to Face Pressure in 2016

Posted: 03 Feb 2016 09:47 AM PST

China’s central bank official gave detailed forecasts on the Chinese economy in 2016:

EUR/USD Tests Key Resistance 1.1087

Posted: 03 Feb 2016 09:30 AM PST

EUR/USD sees the largest daily increase in nearly 2 months. Elliott Wave technical analysis shows a break above 1.1087 sets the medium term trend to higher.

USD/JPY – Claw Back

Posted: 03 Feb 2016 09:20 AM PST

USD/JPY claws back BOJ inspired gains, Important support test looms.

US Dollar Breakdown is the Real Deal - Here’s Why

Posted: 03 Feb 2016 09:05 AM PST

A major turn in price and forex trader positions warns that the US Dollar will likely continue lower versus the Euro, British Pound, Canadian Dollar, and Gold prices. Here’s why we think so.

Indicator Accurately Called Gold Rally - Now What?

Posted: 03 Feb 2016 09:00 AM PST

Our retail forex trader data accurately called a major Gold Price rally last week, and a sustained shift in sentiment leaves us plainly in favor of further near-term XAU/USD gains.

New Zealand Forecast Points to Further Gains

Posted: 03 Feb 2016 09:00 AM PST

A substantial shift in retail forex trader sentiment warns that the New Zealand Dollar may continue higher versus the US Dollar.

Australian Dollar Outlook Uncertain until this Changes

Posted: 03 Feb 2016 09:00 AM PST

A substantial US Dollar sell-off leaves the Australian Dollar higher through recent trading, but a fairly muted shift in retail forex trader sentiment gives little reason to expect this AUD/USD rally will be sustained.

Canadian Dollar Rally is Set to Last

Posted: 03 Feb 2016 09:00 AM PST

A remarkable shift in retail forex trader positions warns that the US Dollar may continue lower versus the resurgent Canadian Dollar.

This Indicator Called the British Pound Reversal - What Now?

Posted: 03 Feb 2016 09:00 AM PST

A remarkable shift in retail FX trader sentiment helped confirm that the British Pound set a lasting low through last week, and a continued move in both price and sentiment points to further GBP/USD gains.

Euro Breakout is the Real Deal

Posted: 03 Feb 2016 09:00 AM PST

Retail forex traders have sold aggressively into the recent Euro rally, and today’s sharp breakout may likely prove the break higher we’ve waited for.

Global Stocks Are Working on Synchronous Bear Flag Formations

Posted: 03 Feb 2016 07:01 AM PST

As markets have taken on a different tonality in 2016, many are still rushing to buy dips. Be careful, because that dip might just be part of a larger bear flag just waiting to break.

The CAC40 Tests Resistance in a Downtrend

Posted: 03 Feb 2016 06:55 AM PST

The CAC40 is trading up modestly this morning, after the Index broke to a new monthly low yesterday at 4348

Silver Prices Trade Higher On A Soft Dollar

Posted: 03 Feb 2016 04:59 AM PST

Silver prices may have finally left the range of the last few days and appear to be heading for the December high of $14.58.

USDOLLAR Eyes Major Support Ahead of ADP, ISM Services

Posted: 03 Feb 2016 04:49 AM PST

Time for US economic data to put up or shut up.

Short USD/JPY from around 121.50.

Posted: 03 Feb 2016 04:47 AM PST

DAX 30 Eyes 9400 And Trend Is Bearish Below 9678

Posted: 03 Feb 2016 03:00 AM PST

The DAX has now reached that first target and may still reach 9400 as long as it trades below 9678, which is an intraday high from yesterday.
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