Monday, May 2, 2016

Aussie Dollar Poised for Breakout on RBA Rate Decision

Aussie Dollar Poised for Breakout on RBA Rate Decision

Aussie Dollar Poised for Breakout on RBA Rate Decision

Posted: 02 May 2016 06:07 PM PDT

The Australian Dollar looks likely to break key technical levels following the RBA monetary policy announcement. Speculative sentiment readings can help gauge follow-through.

Cognitive Biases Can Slow Our Appreciation of Market Shifts

Posted: 02 May 2016 05:40 PM PDT

Traders are not robots, which is why the market builds on trends of speculation and sometimes-'irrational' expectations.

Wait-and-See RBA to Keep AUD/USD Afloat; Will Stevens Talk-Down AUD?

Posted: 02 May 2016 02:45 PM PDT

Even the RBA is expected to retain its current policy, AUD/USD may struggle to hold its ground should Governor Stevens toughen the verbal intervention on the aussie.

Record Speculative Longs and Hedger Shorts in Silver

Posted: 02 May 2016 12:23 PM PDT

Trend followers (large speculators…hedge fund crowd) hold the largest net long position in silver ever. Commercial hedgers hold the largest short position ever. The ownership profile for silver has never been more extreme.

Gold Prices: Too Hot to Handle, Too Shiny to Ignore

Posted: 02 May 2016 12:22 PM PDT

The Gold run continues, but given last week's parabolic-like moves, traders would likely want to wait for support before pushing the top-side re-entry.

AUD/USD Scalp Targets Ahead of RBA- Watch 7590

Posted: 02 May 2016 12:04 PM PDT

The Aussie is eyeing near-term resistance head of tonight’s highly anticipated interest rate decision. Here are the updated targets & invalidation levels that matter.

GBP/USD Technical Analysis: RSI Divergence on the 4-Hour

Posted: 02 May 2016 11:00 AM PDT

The Cable just keeps running, and we've come within 120 pips of the 2016 high.

China’s Market News: Earnings Reports Reveal Government Purchases

Posted: 02 May 2016 10:22 AM PDT

Heavy data was released to kick off the week, with PMI ratios, housing prices, and a bevy of earnings reports. Additionally, the government news agency commented on the outlook of economic policies.

EUR/USD Clears 1.1500; Retail FX Crowd Remains Stubbornly Short

Posted: 02 May 2016 09:55 AM PDT

Retail sentiment stands at extremes as the FX crowd remains net-short EUR/USD since the ECB’s March 10 meeting even as the pair climbs to fresh 2016 highs.

SPX500 Technical Analysis: At Support, but Beware the Monthly Doji

Posted: 02 May 2016 09:44 AM PDT

Stocks are attempting to carve out support at a higher-low, but the initial signs of a reversal may be showing on the Monthly chart.

USDOLLAR at Critical Inflection Point Heading Into May Open, NFPs

Posted: 02 May 2016 09:16 AM PDT

The greenback is approaching a key technical support zone with the immediate short-bias now at risk. Here are the updated targets & invalidation levels that matter.

US DOLLAR Technical Analysis: Why You Should Watch This Opening Range

Posted: 02 May 2016 08:25 AM PDT

When The Calendar Rolls To May, It’s Usually The Dollar Bull’s Time To Play. What To Watch To See This Play Out?

NZD/USD Trades Lower on ISM Data

Posted: 02 May 2016 07:50 AM PDT

The NZD/USD has failed to breakout higher after this morning’s ISM release.

How to Approach EUR/USD and Gold at Fresh Highs

Posted: 02 May 2016 06:38 AM PDT

While many are lamenting currency market volatility, price action has really been driven by one primary theme. The big question is whether it can continue?

USDOLLAR at Support as Euro, Yen, and Gold Prices Near Major Levels

Posted: 02 May 2016 05:00 AM PDT

The USDOLLAR Index has quickly found itself back to its June 2015 lows.

S&P 500: Technical Posturing Weakens, Lines of Interest Provide Clarity

Posted: 02 May 2016 02:45 AM PDT

RBA, US Jobs Data Key on Another Busy Week for FX Markets

Posted: 02 May 2016 02:05 AM PDT

The US Dollar looks to refocus on Fed policy bets after last week's as a BOJ-driven selling. The Aussie Dollar may turn volatile on the RBA decision regardless of the outcome.

US Dollar to Refocus on Fed Policy Bets as BOJ Impact Fades

Posted: 01 May 2016 11:47 PM PDT

The US Dollar is likely to refocus on Fed policy bets as the impact from last week’s BOJ rate decision fizzles, with prices more responsive to upbeat data vs. the alternative.

Gold Prices Surge But US Jobs Data Threatens Follow-Through

Posted: 01 May 2016 09:08 PM PDT

Gold prices jumped to a 15-month high last week but on-coming US employment data may refocus attention on Fed rate hike chances, curbing anti-fiat demand and capping gains.
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