Friday, May 6, 2016

Aussie Dollar Still Vulnerable After Largest Drop in Three Weeks

Aussie Dollar Still Vulnerable After Largest Drop in Three Weeks

Aussie Dollar Still Vulnerable After Largest Drop in Three Weeks

Posted: 06 May 2016 06:45 PM PDT

The Australian Dollar is vulnerable to deeper losses as risk aversion continues to batter the financial markets, putting pressure on the sentiment-sensitive currency.

New Zealand Dollar Looks To Wheeler Speech At Financial Stability Report on Tuesday

Posted: 06 May 2016 06:22 PM PDT

The US Dollar surprised a lot of G10 currencies this week, but few more than the New Zealand Dollar and other commodity currencies.

Japanese Yen Could Trade Higher If and When this Occurs

Posted: 06 May 2016 06:04 PM PDT

The Japanese Yen gave back some of its recent gains versus the US Dollar in a choppy week for financial markets.

Video: Different Extremes for Dollar, Yen, Equities and Gold

Posted: 06 May 2016 05:55 PM PDT

Extremes aren't always measured in highs and lows for price and value.

Gold Dips as USD Rips- NFP Extinguishes June Rate Hike Hopes

Posted: 06 May 2016 05:08 PM PDT

Gold prices are softer this week with the precious metal off 0.21% to trade at 1290 ahead of the New York close on Friday.

Yuan Volatility to Continue on PBOC Activity, CPI and Equity Volatility

Posted: 06 May 2016 04:41 PM PDT

The offshore Yuan (CNH) rate closed at a five-week low against the US Dollar on Friday following the biggest downward move in Yuan fixing by the PBOC since the Yuan’s de-pegging.

Super Thursday: Brexit Possibility to Complicate Inflation Projections

Posted: 06 May 2016 04:00 PM PDT

Canadian Unemployment Rate Slightly Better Than Expected

Posted: 06 May 2016 12:33 PM PDT

Canada’s Unemployment rate for April held unchanged from March at 7.1 percent, despite estimates that the unemployment rate would increase to 7.2 percent.

US Dollar Bear Trap within an Even Bigger Bull Trap?!

Posted: 06 May 2016 11:23 AM PDT

In the weeks (months?) ahead, I like the reward/risk proposition for USD upside but will take seriously evidence that supports reversing the position for what could be a very long term USD bearish bias.

EUR/USD Closes Week With an Inside Bar

Posted: 06 May 2016 10:19 AM PDT

The EUR/USD has continued to consolidate through this mornings NFP event. If prices fail to breakout the pair will close the week with an inside bar.

CAC 40 Declines for 4th Consecutive Session

Posted: 06 May 2016 07:28 AM PDT

The CAC 40 is trading lower for the fourth consecutive day, and is currently down -1.56% on the session.

Dow Futures Drop on Weak Jobs Report

Posted: 06 May 2016 06:29 AM PDT

Dow Jones sell off enters the support zone identified on Wednesday. The retracement is minimally deep enough in price, but shallow in time.

April NFP Disappoints with a +160k Print

Posted: 06 May 2016 05:46 AM PDT

This morning has brought even more evidence of slowdown within the American economy after Non-Farm Payrolls for the month of April printed at +160k versus an expectation of +200k.

Silver Prices Turn Sluggish Ahead of U.S. Employment Data

Posted: 06 May 2016 04:59 AM PDT

The $17.15 to $17.62 range has trapped the price of silver.

DAX 30 Remains Under Pressure, NFP on Tap

Posted: 06 May 2016 03:00 AM PDT

Yesterday’s price bounce to the DAX 30, induced by bargain hunters, did not hold. Instead this morning, the trend was still bearish below the April 3 afternoon intraday high of 9972.

FTSE 100 Rests Above Critical Support Ahead of NFP

Posted: 06 May 2016 01:10 AM PDT

The FTSE 100 was little changed, at the time of writing, but the lull may end abruptly this afternoon as the monthly U.S. labor report is published.

Strong Non-Farm Payrolls (NFP) Report to Fuel EUR/USD Weakness

Posted: 06 May 2016 01:00 AM PDT

EUR/USD may continue to give back the advance from earlier this year should the Non-Farm Payrolls (NFP) report boosts bets for a June Fed rate-hike.

EUR/USD Technical Analysis: Euro Drops Most in 3 Weeks

Posted: 05 May 2016 11:48 PM PDT

The Euro turned lower against the US Dollar as expected, with prices producing the largest daily decline in three weeks.

ASX 200 Technical Analysis: Index Holding the 5,200 Level

Posted: 05 May 2016 11:47 PM PDT

The ASX 200 is holding the 5,200 support which may suggest that the 5,380 range top could be retested

EUR/GBP Technical Analysis: Short Trade Back in Play

Posted: 05 May 2016 11:04 PM PDT

The Euro may be readying to turn lower against the British Pound after prices put in a bearish Evening Star candlestick pattern.

Will Weak US Jobs Data Sink the US Dollar? Maybe Not.

Posted: 05 May 2016 10:01 PM PDT

The US Dollar may be spared lasting losses even if US jobs data disappoints as risk aversion sweeps markets and triggers safe-haven demand for the benchmark unit.
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