Friday, April 15, 2016

Weekly Trading Forecast: Yen Intervention, ECB Desperation and Fed Timing

Weekly Trading Forecast: Yen Intervention, ECB Desperation and Fed Timing


Weekly Trading Forecast: Yen Intervention, ECB Desperation and Fed Timing

Posted: 15 Apr 2016 05:57 PM PDT

While pressure builds on the technical front, the fundamental threat list continues to grow. Unusual monetary policy currents will compete with risk appetite in the week ahead.

Gold Swings Down to Set Higher Low – Key Support 1211

Posted: 15 Apr 2016 05:53 PM PDT

Gold prices pulled back to mark the first weekly loss in three with the precious metal off 0.79% to trade at 1230 ahead of the New York close on Friday.

Dollar Seeks Guidance from Fed Speculation, Risk Trends, ECB and Oil

Posted: 15 Apr 2016 05:29 PM PDT

There can be disadvantages to being the world’s most liquid currency. The Dollar’s intrinsic integration into the global financial system makes it particularly vulnerable when its fundamental health is shaken and the world is in a state of flux.

Yuan at Risk on Further PBOC RRR Cuts

Posted: 15 Apr 2016 05:14 PM PDT

This week the onshore Yuan (CNH) extended losses against the US Dollar from the last week, while the onshore Yuan (CNY) closed at a slightly higher value.

Awaiting the Bank of Japan’s Next Move

Posted: 15 Apr 2016 04:53 PM PDT

Matters just haven’t been the same for the Japanese Yen since the BoJ’s surprise move to negative rates at their January meeting.

Little Relief Ahead for G10 FX’s Weakest Currency, the British Pound

Posted: 15 Apr 2016 04:21 PM PDT

We’re less than 70 days away from the historic ‘Brexit’ vote on June 23, and preference remains that a status quo ‘Remain’ vote will win out.

Anxiously Awaiting Critical Moves for SPX, Yen, Dollar and Oil

Posted: 15 Apr 2016 03:52 PM PDT

The convergence of pressure across a range of markets should make investors wary.

Video: OPEC’s Output Agreement Can Drive Much more than Oil Price

Posted: 15 Apr 2016 03:20 PM PDT

The repercussions of persistently low levels of crude oil prices span much further than just cheaper gas at the pump.

EUR/USD and USD/CHF Outside Weeks at Well-Defined Levels

Posted: 15 Apr 2016 11:20 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.

NZD/JPY Inside Bar

Posted: 15 Apr 2016 10:13 AM PDT

The NZD/JPY is consolidating with a daily inside bar pattern.

Price Action Strategy for SPX and DAX

Posted: 15 Apr 2016 06:49 AM PDT

Equities are exhibiting some degree of support around-the-world as we get deeper into US earnings. Today we delve into the S&P 500 and the DAX.

CAC 40 Consolidates to End Week

Posted: 15 Apr 2016 06:32 AM PDT

The CAC 40 is trading down -.63%, and looking to close the week with an inside daily bar.

Silver Prices Begin to Outpace Gold - Not a Good Sign for USD

Posted: 15 Apr 2016 05:30 AM PDT

Silver prices have started to outpace Gold prices - which if it continues, would be historically good for precious metals and foreboding for the US Dollar.

Silver Prices Remain Stable Ahead of U.S. Industrial Production

Posted: 15 Apr 2016 04:58 AM PDT

The short-term support level is Wednesday's low of $16.02; it is also the short-term trend defining level of the bullish trend.

AUD/USD Moves to Resistance Ahead of News

Posted: 15 Apr 2016 03:58 AM PDT

The AUD/USD has moved to resistance at .7725 ahead of this morning's University of Michigan confidence survey.

Copper Price Posts Weekly Gain, Gold Price Slips on Risk Appetite

Posted: 15 Apr 2016 02:56 AM PDT

Copper set for a weekly gain while gold sank as risk assets garnered support after China’s growth data. Oil slipped before Doha summit

DAX 30 Stalls Below Its March High

Posted: 15 Apr 2016 02:55 AM PDT

The DAX 30 has stalled below the critical resistance level and March high of 10,118. A break to the March high would have exposed the January 5 high of 10,400.

S&P 500 - Resistance Comes in Multiple Forms

Posted: 15 Apr 2016 02:50 AM PDT

ASX 200 Is Heading Up to A 3-Month High

Posted: 15 Apr 2016 01:51 AM PDT

ASX 200 is approaching a 3-month high at 5227 with the support of strong upward momentum, although chances of a breach are unclear

FTSE 100: Indifferent by Chinese GDP at Slowest Pace Since 2009

Posted: 15 Apr 2016 01:09 AM PDT

The FTSE 100 uptrend remains intact, but the price is trading circa 85 points away from the nearest resistance level and circa 190 points away from the closest support level.

USD/JPY Technical Analysis: Will They or Won’t They?

Posted: 14 Apr 2016 11:02 PM PDT

The US Dollar has weakened ~14.5% against the JPY since peaking last summer, now many are wondering if the BoJ will shock the markets with a new stimulus.

AUD/USD Edges Up as China First-Quarter GDP Meets Forecast

Posted: 14 Apr 2016 08:42 PM PDT

Assets in Australia and New Zealand rose to their daily highs after China’s Q1 GDP reading met consensus - though the pace was the slowest since the global crisis

Awaiting Break from Stocks, Dollar Fed Drive, Yen Intervention

Posted: 14 Apr 2016 08:01 PM PDT

Between key technical levels, lingering fundamental threats and a backdrop of unnerving volatility; the markets look like a tinder box waiting to go up.

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