Friday, April 22, 2016

Aussie Dollar Eyes Volatile Week on CPI, FOMC and Earnings Flow

Aussie Dollar Eyes Volatile Week on CPI, FOMC and Earnings Flow


Aussie Dollar Eyes Volatile Week on CPI, FOMC and Earnings Flow

Posted: 22 Apr 2016 07:05 PM PDT

The Australian Dollar looks ahead to a volatile week as CPI data shapes RBA policy bets while the FOMC policy announcement and Q1 earnings outcomes drive risk sentiment.

The Alchemy of Turning a Negative into a Positive

Posted: 22 Apr 2016 06:45 PM PDT

The Yen has put in a significant movement so far on the day, weakening against the US Dollar by as much as 2.32%; and this is the largest movement of weakness in the Yen since January 29th, when the currency weakened by 2.7% against the Greenback after the Bank of Japan had, surprisingly, made the move to negative interest rates at the January BoJ meeting.

Yuan Outlook Bearish on Prospect of Increased Liquidity

Posted: 22 Apr 2016 05:37 PM PDT

With a light calendar over the past week, the offshore Yuan rate (CNH) extended losses against the US Dollar for the third consecutive week, testing a key support level at the 38.2% retracement level of the January decline.

A USD/JPY Surge to End the Week, FOMC and Equity Conviction Ahead

Posted: 22 Apr 2016 05:34 PM PDT

There is a range of high profile event risk - anchored by the FOMC rate decision - due for release next week.

China’s Commodity Hunger & Weak USD Support New Zealand Dollar

Posted: 22 Apr 2016 05:32 PM PDT

The New Zealand Dollar hit 2016 highs this week as the commodity train continued to roll on the back of an increasing China Demand. Unfortunately, spot NZD/USD ended the week on a soft note after falling for three straight days.

Strategy Video: Measuring Your Own Conviction to Select Trades

Posted: 22 Apr 2016 05:23 PM PDT

There is a clear difference between a trade setup that you consider so obvious you cannot avoid it and one where the circumstances are so subtle as to make it dubious.

Gold Price Consolidates – Will FOMC Deliver a Break?

Posted: 22 Apr 2016 05:23 PM PDT

Gold prices continue to consolidate the gains from the beginning of the year as the yellow metal has traded sideways for 10 weeks. Gold is currently caught in a battleground of a low rate environment and rising risk assets with the US Dollar being the arbitrator.

Emotions Run High in Silver Trade

Posted: 22 Apr 2016 02:48 PM PDT

Activity of this magnitude may indicate at least a short term market top in silver. If weakness does materialize then I’d want to see mid-15.00s hold if silver is in the process of forming a major bottoming pattern.

GBP/USD Acting Well

Posted: 22 Apr 2016 11:13 AM PDT

The USD has turned up from good support (see here). Interestingly, GBP/USD was firm this week.

USD/JPY Technical Analysis: Will The Blast-Off Hold?

Posted: 22 Apr 2016 10:20 AM PDT

USD/JPY Has Moved Aggressively Higher Off Channel Support. After Price Struggled To Push Below Support, A Reversal May Be Nigh.

ASX 200 Sustains Advance above 3-Month High

Posted: 22 Apr 2016 07:25 AM PDT

ASX 200 successfully broke through a 3-month high at 5227 although the upward pressure seemed to have faded. Downside risk looms.

EUR/USD and USD/JPY Setups Ahead of a Heavy Week of News

Posted: 22 Apr 2016 06:52 AM PDT

Next week brings a huge week of news and risk trends hang in the balance. In this article, we look at how traders might approach EUR/USD and USD/JPY for the week ahead.

Keep an Eye on the Big Picture for USD, JPY, Silver Prices Next Week

Posted: 22 Apr 2016 06:30 AM PDT

Markets are taking a breather at what's clearly an important psychological pit stop along the continuum of central bank easing.

Silver Price Rally Stalls After 18.76% Rise From Monthly Low

Posted: 22 Apr 2016 04:59 AM PDT

Following yesterday’s rise to $17.72 silver prices had risen by 18.76% from their monthly low.

April’s $10,000 Monthly Challenge Update

Posted: 22 Apr 2016 04:00 AM PDT

April’s $10,000 Monthly Challenge is quickly coming to a close. Catch up on the latest action here.

Nasdaq 100 - Alphabet/Google and Microsoft Sink Futures on Earnings

Posted: 22 Apr 2016 02:41 AM PDT

AUD/USD Technical Analysis: Candle Setup Hints at Topping

Posted: 22 Apr 2016 02:22 AM PDT

The Australian Dollar stalled after rising to the highest level in ten months against its US namesake, with prices edging lower to lose their grip on the 0.78 figure.

DAX 30 Little Changed, German PMI’s Disappoint

Posted: 22 Apr 2016 02:15 AM PDT

The DAX 30 was, at the time of writing, little changed in relation to yesterday’s range and did not react much to the publication of today’s German PMI reports.

EUR/USD Technical Analysis: Short Position Now in Play

Posted: 22 Apr 2016 01:55 AM PDT

The Euro briefly spiked toward the 1.14 figure in the aftermath of the ECB monetary policy announcement but prices failed to maintain upside momentum.

Gold, Copper Prices Ease as USD Recovers, Oil Price Wanes

Posted: 22 Apr 2016 01:50 AM PDT

Gold, copper prices slid as USD gained versus EUR after the ECB meeting raised expectations for further easing. Oil waned amid mixed news

EUR/USD Unfazed After Soft Markit Eurozone PMI Figures

Posted: 22 Apr 2016 01:35 AM PDT

The Euro was little changed versus other majors after today’s Markit PMIs printed soft figures, Euro still looking for catalyst

FTSE 100 Remains Capped Below Critical Resistance Levels

Posted: 22 Apr 2016 12:28 AM PDT

Yesterday, the FTSE 100 (CFD: UK100) slipped by 1.1% from its high and had thereby given back about 50% of its gains from this week’s low of 6259.

Currencies at the Mercy of Risk Sentiment Swings into the Weekend

Posted: 21 Apr 2016 11:36 PM PDT

Currency markets are likely to be at the mercy of risk sentiment swings into the weekend, with Q1 corporate earnings results and Eurozone PMI data in the spotlight.

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