Markets Look to Yellen as S&P 500 Tries to Hold, Euro and Yen Rally

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• Markets Look to Yellen as S&P 500 Tries to Hold, Euro and Yen Rally
• Trading Big Picture Themes Requires Different Approach, Strategy
• NZD/USD Shorts Favored Sub-6759 - Range Break to Clear the Way
• DailyFX Technical Focus: 2/9/2016 (Gold Price)
• January’s $10,000 Challenge Winner
• USDOLLAR Consolidates above December Low
• Crude Long Term Possible Support in mid-25.00s
• Gold Price RSI at Highest Level Since September 2012
• USD/CHF Slammed into 200 day Average
• USD/CAD Consolidates around Year Open Price
• USD/JPY Completes Major Head and Shoulders Top
• NZD/USD Consolidates Under Resistance Line
• AUD/USD Slammed off of Resistance Line Yet Again
• GBP/USD Tests 2015 Provide Resistance
• EUR/USD Closing in on Range Expansion Level of 1.14
• Gold Prices Shine to 8 Month High
• GBP/USD – Lots of Questions
• The EUR/USD Breaks to New Weekly High
• Nikkei Takes 5% Hit, Negative Rates Fast Becoming a Cautionary Tale
• Silver Prices To Trade At $15.98 If The Correlation To Gold Holds
• EUR/USD, USD/JPY Hint at Ugly Potential for USDOLLAR Index
• DAX 30 Remains Bearish, EU GDP Is Likely To Slow
• British Pound Unchanged on Better Trade Balance, Risk Trends Dominate
• FTSE 100: Correction to a Bearish Trend
• Gold Jumps as Wide Risk Aversion Pressures Oil, Copper and Stocks

Markets Look to Yellen as S&P 500 Tries to Hold, Euro and Yen Rally Posted: 09 Feb 2016 07:15 PM PST Investor sentiment is tottering dangerously with the S&P 500 pressured into repeated last-minute saves at its multi-year support, USDJPY extending its break through 116 and Euro showing playing its unusual safe haven role.

Trading Big Picture Themes Requires Different Approach, Strategy Posted: 09 Feb 2016 05:42 PM PST When we trade around event risk or on the basis of definitive technical patterns, our approach can be precise and timing measured.

NZD/USD Shorts Favored Sub-6759 - Range Break to Clear the Way Posted: 09 Feb 2016 01:03 PM PST Kiwi is trading within well-defined range & we’ll be looking for the break to validate our scalp bias. Here are the updated targets & invalidation levels that matter.

DailyFX Technical Focus: 2/9/2016 (Gold Price) Posted: 09 Feb 2016 12:53 PM PST The big rally in gold has (so far) stalled at the well-defined 1200 level. A pullback could materialize from nearby as part of a broader bottoming pattern.

January’s $10,000 Challenge Winner Posted: 09 Feb 2016 12:00 PM PST FXCM and DailyFX are happy to announce our $10,000 Monthly Challenge winners for the first month of 2016 trading. Learn more about January's contest here!

USDOLLAR Consolidates above December Low Posted: 09 Feb 2016 11:41 AM PST

Crude Long Term Possible Support in mid-25.00s Posted: 09 Feb 2016 11:41 AM PST

Gold Price RSI at Highest Level Since September 2012 Posted: 09 Feb 2016 11:41 AM PST

USD/CHF Slammed into 200 day Average Posted: 09 Feb 2016 11:41 AM PST

USD/CAD Consolidates around Year Open Price Posted: 09 Feb 2016 11:41 AM PST

USD/JPY Completes Major Head and Shoulders Top Posted: 09 Feb 2016 11:41 AM PST

NZD/USD Consolidates Under Resistance Line Posted: 09 Feb 2016 11:41 AM PST

AUD/USD Slammed off of Resistance Line Yet Again Posted: 09 Feb 2016 11:41 AM PST

GBP/USD Tests 2015 Provide Resistance Posted: 09 Feb 2016 11:41 AM PST

EUR/USD Closing in on Range Expansion Level of 1.14 Posted: 09 Feb 2016 11:41 AM PST

Gold Prices Shine to 8 Month High Posted: 09 Feb 2016 09:56 AM PST Gold prices increases to the highest level in 8 months on a weakening US Dollar. $1225/oz is the next level of resistance.

GBP/USD – Lots of Questions Posted: 09 Feb 2016 08:10 AM PST GBP/USD fails near key retracement, Important timing pivot ahead.

The EUR/USD Breaks to New Weekly High Posted: 09 Feb 2016 06:25 AM PST The EUR/USD is attempting to breakout higher this morning above resistance found at 1.1264

Nikkei Takes 5% Hit, Negative Rates Fast Becoming a Cautionary Tale Posted: 09 Feb 2016 06:01 AM PST When the BoJ made the surprise move to negative rates, it was difficult to determine what all that would entail. But now we're seeing that it's not pretty.

Silver Prices To Trade At $15.98 If The Correlation To Gold Holds Posted: 09 Feb 2016 05:43 AM PST With the DAX 30 reaching a new monthly low this morning, silver prices may rally once again.

EUR/USD, USD/JPY Hint at Ugly Potential for USDOLLAR Index Posted: 09 Feb 2016 05:17 AM PST The USDOLLAR Index is treading water, but be wary of the inconsistent performance of its sub-components.

DAX 30 Remains Bearish, EU GDP Is Likely To Slow Posted: 09 Feb 2016 03:00 AM PST The DAX 30 is short-term oversold this morning and looks ready for a bounce. However, with the overall trend being bearish below Friday's high of 9490, most traders will see a correction to yesterday's breakdown level of 9260 as an opportunity to add to their bearish exposure.

British Pound Unchanged on Better Trade Balance, Risk Trends Dominate Posted: 09 Feb 2016 02:25 AM PST The British Pound was little changed versus other majors after today’s better than expected trade balance figures, as risk trends dominate

FTSE 100: Correction to a Bearish Trend Posted: 09 Feb 2016 01:32 AM PST The FTSE 100 is expected to reach the January 20 low of 5600 as long as price trades below last week’s high of 5949.

Gold Jumps as Wide Risk Aversion Pressures Oil, Copper and Stocks Posted: 08 Feb 2016 10:30 PM PST Gold, yen and bonds continued to advance simultaneous to a deep plunge in stocks. Oil, copper held on to modest recovery at subdued levels

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