Friday, April 29, 2016

Australian Dollar Volatility to Continue on RBA, US Jobs Data

Australian Dollar Volatility to Continue on RBA, US Jobs Data


Australian Dollar Volatility to Continue on RBA, US Jobs Data

Posted: 29 Apr 2016 07:05 PM PDT

The Australian Dollar looks set for another week of breakneck volatility as another round of high-profile event risk comes across the wires.

EUR/USD Showing Strength, But Data Still a Mixed Bag

Posted: 29 Apr 2016 06:57 PM PDT

The Euro just capped off a fairly strong week, rising against every major currency not named the Yen; but that had its own story behind it.

Canadian Dollar Retains Upside Risk on Consistent Data Beats

Posted: 29 Apr 2016 06:41 PM PDT

A perfect storm has developed for Canadian Dollar bears. In addition to Oil having risen ~70% from the February 11 low and the US Dollar falling to levels not seen since June, the Canadian economy continues to outperform rivals in terms of economic new releases relative to economists’ expectations.

Gold Price Surges to Largest Weekly Gain in 11 Weeks

Posted: 29 Apr 2016 05:59 PM PDT

Gold prices surged to the largest weekly gain of the past 11 weeks on the heels of the Fed doing nothing.

US Dollar Shrugs Off Decline in Preferred Fed Inflation Figure

Posted: 29 Apr 2016 05:48 PM PDT

The US Dollar showed a limited response after the Fed’s preferred measure for inflation - personal consumption expenditures – slipped from a three-year high.

Yuan at High Risk amid Liquidity, Econ Data and Commodity Volatility

Posted: 29 Apr 2016 05:47 PM PDT

Both the onshore (CNY) and offshore Yuan (CNH) closed at a slightly higher levels against the US Dollar on Friday, following the biggest move in Yuan’s daily reference rate set by China’s Central Bank in over 10 years.

GBP/USD to Face Larger Advance on Lackluster Fed Rhetoric

Posted: 29 Apr 2016 05:37 PM PDT

The slew of fundamental developments coming out of the U.S. economy may play a larger role in driving GBP/USD volatility especially as the U.K. docket remains fairly light for the first full week of May.

Trading Video: Risk Aversion Emerges as Dollar and USD/JPY Dive

Posted: 29 Apr 2016 04:25 PM PDT

The fires were stoked through the close this past week. Both the Dollar and Yen crosses extended their dive tallying remarkable lows and exceptional pace.

Diversifying Themes of Risk Trends and BoJ Doubt Beyond USD/JPY

Posted: 29 Apr 2016 02:19 PM PDT

USD/JPY has suffered its biggest one-week decline since the aftermath of the Lehman Brothers bankruptcy that pitched the global financial system into tumult back in late 2008.

Forex Webinar with Jamie Saettele: 4/29/2016

Posted: 29 Apr 2016 11:17 AM PDT

EUR/USD is testing the neckline from a major double bottom pattern. The target on a breakout would be near 1.24

EUR/USD Testing Neckline of Major Double Bottom Pattern

Posted: 29 Apr 2016 09:44 AM PDT

EUR/USD is testing the neckline from a double bottom that spans 14 months. The objective on a breakout would be near 1.24.

AUD/USD Retail FX Flip Ahead of RBA Meeting; Rate-Cut on Tap?

Posted: 29 Apr 2016 09:35 AM PDT

The retail crowd has flipped net-short AUD/USD ahead of the RBA meeting, with market participants raising bets for a rate-cut. 

USD/JPY Technical Analysis: Head & Shoulder’s Target And Then What?

Posted: 29 Apr 2016 07:15 AM PDT

USD/JPY Has Moved Aggressively Lower From 112 After BoJ Didn’t Meet Market Hopes. Now many wonder, how low can it go?

CAC 40 Declines on European CPI Data

Posted: 29 Apr 2016 06:55 AM PDT

The CAC 40 is trading down -1.91%, after Euro-Zone CPI figures were released worse than expected this morning.

EUR/USD, Gold Drive to Resistance as USD Falls Through the Floor

Posted: 29 Apr 2016 06:15 AM PDT

There has been quite a bit of new information for markets to chew on this week, with even more to come next week. But how might traders approach USD as we drive to new lows?

Silver Prices Trade Above Their May 2015 High

Posted: 29 Apr 2016 04:59 AM PDT

Overnight, silver prices breached last week’s high of $17.71 and the May 2015 high of $17.80. Softer stock markets and US Dollar triggered the push higher.

EUR/USD Technical Analysis: Near-Term Down Trend at Risk

Posted: 29 Apr 2016 03:07 AM PDT

The Euro is poised to break the near-term down trend established from mid-April highs as prices work to secure a fifth consecutive daily gain.

FTSE 100 Remains Flat Following Batch of Eurozone Data

Posted: 29 Apr 2016 02:59 AM PDT

Price has been trading lower after it reached the April 21 high of 6432 and Wednesday’s high of 6343 is the last swing high of this short-term downtrend.

NZD/USD Technical Analysis: Top Below 0.71 Intact for Now

Posted: 29 Apr 2016 02:58 AM PDT

The New Zealand Dollar launched aggressively higher against its US counterpart, issuing the largest daily advance in nearly three months.

S&P 500: Bull Flag Developing or Failing From Resistance?

Posted: 29 Apr 2016 02:46 AM PDT

AUD/USD Technical Analysis: Selloff Stalls at Key Support

Posted: 29 Apr 2016 02:14 AM PDT

The Australian Dollar has found interim support at trend support set from early march after falling against its US counterpart as expected.

DAX 30 Remains Bearish Ahead of Eurozone Inflation and GDP

Posted: 29 Apr 2016 01:19 AM PDT

Yesterday, the DAX 30 swiftly recuperated most of its losses. However, it was not good enough, and this morning the trend remained bearish below 10,346

Yen Hits 18-Month High, US Dollar Seeks Lifeline in PCE Data

Posted: 29 Apr 2016 01:11 AM PDT

The Japanese Yen hit an 18-month high against the US Dollar as the greenback looks for a lifeline in the Fed’s favored PCE measure of inflation.

Slowing Euro-Zone GDP, CPI to Cap EUR/USD Advance

Posted: 28 Apr 2016 10:00 PM PDT

A marked slowdown in Euro-Zone growth and inflation may cap the near-term advance in EUR/USD as it fuels speculation for additional monetary support.

Dollar and Yen Crosses Threatening Full-Blown Bear Trends

Posted: 28 Apr 2016 08:24 PM PDT

The Yen crosses were upended by the Bank of Japan's decision to hold steady. USDJPY and key pairs stand on the verge of a more systemic bear trend.

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