Friday, April 8, 2016

Strong Employment Report Primes CAD for Bank of Canada

Strong Employment Report Primes CAD for Bank of Canada


Strong Employment Report Primes CAD for Bank of Canada

Posted: 09 Apr 2016 04:43 PM PDT

The Canadian Dollar has been on a run that likely has more gas in the proverbial tank that could mean further CAD gains.

The Practicality of FX Intervention: Japan to China to Mexico

Posted: 08 Apr 2016 05:50 PM PDT

As extreme as it may seem, FX intervention is not uncommon.

Gold to Remain Supported on Dovish Fed- Bullish Invalidation 1193

Posted: 08 Apr 2016 05:24 PM PDT

Gold price rallied for a second consecutive week with the precious metal advancing 1.26% to trade at 1237 ahead of the New York close on Friday.

British Pound Risks Near-Term Correction on Rising U.K. Inflation

Posted: 08 Apr 2016 05:17 PM PDT

The Bank of England’s (BoE) April 14 policy meeting may spur a limited market reaction as the central bank is widely anticipated to retain its current policy ahead of the referendum in June, but signs of sticky U.K. inflation accompanied by dovish comments from Fed officials may generate a near-term rebound in GBP/USD as U.S. interest-rate expectations falter.

AUD/USD Weekly Tweezer Top; Cycle Influence Next Week

Posted: 08 Apr 2016 11:04 AM PDT

A weekly tweezer top in AUD/USD, major AUD/USD cycle influence next week, and technical considerations in the Chinese stock market suggest potential for another burst of volatility in these and related markets.

The NZD/USD Consolidates With an Inside Bar

Posted: 08 Apr 2016 10:55 AM PDT

After declining 100 pips yesterday, the NZD/USD is set to close the week with an inside bar.

USD/CAD Bearish Formation to Remain in Play on Upbeat BoC

Posted: 08 Apr 2016 09:23 AM PDT

USD/CAD may face a further decline in the week ahead should the Bank of Canada (BoC) highlight a shift in the monetary policy outlook.

Crude Oil - Medium-term Forces vs. Long-term Forces

Posted: 08 Apr 2016 06:50 AM PDT

Crude holds key support symmetry. Timing relationship next week should prove critical.

The USD/CAD Trades to Weekly Lows on Employment Data

Posted: 08 Apr 2016 06:20 AM PDT

The USD/CAD is trading lower this morning after the release of better than expected employment data.

Dow Jones Industrial Average Stuck in 3 Week Range, For Now

Posted: 08 Apr 2016 05:49 AM PDT

Dow Jones continues trading in a 3 week sideways range. A break outside of the range could be an entry signal.

Silver: Traders Take a Break Ahead of Wholesale Inventories

Posted: 08 Apr 2016 04:56 AM PDT

Muted price volatility ahead of U.S. Wholesale Inventories and Wholesale Trade Sales.

April Seasonality Sees Worst Month of the Year for the US Dollar

Posted: 08 Apr 2016 04:45 AM PDT

April has typically been the worst month of the year for the USDOLLAR Index. After a quiet first week, traders should be mindful of these longer-term trends.

S&P 500 Snaps its Neck(line), but Bounce Makes Things Tricky

Posted: 08 Apr 2016 03:15 AM PDT

DAX 30 Claws Back Some Losses As Energy Shares Rise

Posted: 08 Apr 2016 02:00 AM PDT

The DAX 30 (FXCM: GER30) is up by 1.43% at the time of writing. The business press has cited higher crude oil and firmer metal prices as a possible support for European stocks.

USD/CAD to Face Near-Term Pullback on Upbeat Canada Employment Report

Posted: 08 Apr 2016 01:00 AM PDT

A marked rebound in Canada Employment may spark a near-term pullback in USD/CAD as it dampens bets for a BoC rate-cut in 2016.

ASX 200 Consolidates near Previous Support Level

Posted: 08 Apr 2016 12:51 AM PDT

ASX 200 traded sideways near a previous support level at 4918.4. The consolidation may continue into next week given mixed momentum

Oil Price Holds Gains and Gold Price Sets for Weekly Advance

Posted: 08 Apr 2016 12:36 AM PDT

Oil price sustained gains after firm economic signals. Copper price picked up from one-month low, and gold price sets for a weekly gain

FTSE 100: The Market Which Volatility Forgot?

Posted: 08 Apr 2016 12:13 AM PDT

The FTSE 100 is being capped by the March 18 high of 6237 and supported by the March 10 low of 6006. A break to the range is probably needed to know further what the future trend of the FTSE 100 could look like.

Commodity Dollars at Risk on Dour Mood Before 1Q Earnings Season

Posted: 08 Apr 2016 12:05 AM PDT

The Australian, Canadian and New Zealand Dollars may resume yesterday’s decline as worries about the upcoming first-quarter earnings season fuel risk aversion.

AUD/USD Technical Analysis: Short Trade Triggered Above 0.75

Posted: 07 Apr 2016 09:08 PM PDT

The Australian Dollar moved lower against its US namesake as expected, taking out support guiding prices higher over the past month.

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