Friday, May 13, 2016

Dollar, Week’s Unlikely Top Performer; Equities and Pound Charged

Dollar, Week’s Unlikely Top Performer; Equities and Pound Charged

Dollar, Week’s Unlikely Top Performer; Equities and Pound Charged

Posted: 13 May 2016 07:01 PM PDT

Despite a lack of high profile event risk and little fanfare of June rate speculation, the US Dollar was the best performing major currency this past week.

Video: Market Distortion from Monetary Policy Sows Future Risks

Posted: 13 May 2016 06:05 PM PDT

Pragmatic traders react to monetary policy not in frustration that the old order of 'normal' pricing has passed, but adapt to it its influence to map out trades.

Mixed U.K./U.S. Data to Foster Range-Bound Conditions for GBP/USD

Posted: 13 May 2016 04:35 PM PDT

Mixed data prints coming out of the U.S. & U.K. may foster range-bound prices in GBP/USD especially as the Federal Reserve and the Bank of England (BoE) retain a wait-and-see approach for monetary policy.

Gold Bulls Look to CPI, Fed Minutes for Solace

Posted: 13 May 2016 04:14 PM PDT

Gold prices are lower for a second consecutive week with the previous metal off 1.26% to trade at 1272 ahead of the New York close on Friday.

University of Michigan Consumer Sentiment Shows Broad Growth

Posted: 13 May 2016 01:04 PM PDT

The University of Michigan’s survey of consumer confidence for May showed the strongest increase in sentiment in over two years.

USD/CHF Rally? It Just MAY

Posted: 13 May 2016 11:46 AM PDT

May is no stranger to USD/CHF lows. In fact, a trendline crosses the lows from May 2014, May 2015, and last week. A bullish wedge from the November high is in the crosshairs.

Market Analysis with Jamie Saettele: 5/13/2016

Posted: 13 May 2016 11:41 AM PDT

The USD is following through on the prior week's reversal. In this webinar, Jamie highlights some of the longer term trends and levels that he's focusing on in the coming weeks and beyond.

AUD/USD Tags Former Resistance Ahead of RBA Minutes, Labor Report

Posted: 13 May 2016 10:00 AM PDT

The near-term decline in AUD/USD appears to be stalling ahead key event risks coming out of Australia as the pair struggles to break below former resistance.

NZD/USD Lacking Upside Push into 1-Yr Resistance Point, Downside Favored

Posted: 13 May 2016 08:10 AM PDT

EUR/USD, GBP/USD Slide as April US Retail Sales Beat Expectations

Posted: 13 May 2016 06:10 AM PDT

Consumption data from April points to a strengthening US consumer – the bedrock of the US economy.

Silver Price: Traders Test Both Sides of the $16.88-$17.56 Range

Posted: 13 May 2016 05:08 AM PDT

Merely two days ago, price attempted to breach the May 6 high of $17.56, however, overnight during the Asian session, bearish traders attempted a run on the lower end of the $16.88-$17.56 range.

USDOLLAR Index Finding Footing - Will Key Data Comply?

Posted: 13 May 2016 05:00 AM PDT

The US Dollar continues to make strides against its major counterparts, save the Japanese Yen - which could be troublesome for risk.

DAX 30 Bears Attempt a Run on Last Week’s Low

Posted: 13 May 2016 02:59 AM PDT

The uptrend in place since February is back under pressure today as bearish traders are challenging last Friday’s low of 9739.

Euro-Zone Q1’16 GDP Slightly Below Expectations, Greece Contracted

Posted: 13 May 2016 02:58 AM PDT

The Euro was little changed versus other majors after today’s GDP figures were below expectations, while Greece contracted.

Gold Prices Rise, Crude Oil Weakens as Risk Appetite Evaporates

Posted: 13 May 2016 02:41 AM PDT

Gold prices rose while crude oil traded lower as risk aversion swept financial markets. A disappointing round of US economic data may amplify the sentiment slump.

S&P 500: Choppy Trading Leads Market Towards Intersection

Posted: 13 May 2016 02:23 AM PDT

USD/HKD Unchanged as Hong Kong GDP Shows a Contraction in Q1’16

Posted: 13 May 2016 02:14 AM PDT

The Hong Kong Dollar was unchanged versus its US counterpart after today’s 1Q’16 GDP figures missed expectations

FTSE 100 Tests Lower End of Its Trading Range

Posted: 13 May 2016 01:33 AM PDT

The FTSE 100 was, at the time of writing, nearing the lower end of the 6054 to 6182 range. The 6054 level is last Friday’s low and an important level for the longer-term trend.

EUR/USD Descending Channel to Persist on Upbeat U.S. Retail Sales

Posted: 13 May 2016 01:00 AM PDT

A marked rebound in U.S. Retail Sales may spur further losses for EUR/USD as it puts increased pressure on the Fed to normalize monetary policy sooner rather than later.

US Dollar May Find Support Despite Soft Economic News-Flow

Posted: 13 May 2016 12:28 AM PDT

The US Dollar may find support in haven-seeking flows despite dimming Fed rate hike bets if retail sales and consumer confidence data undershoots expectations.

Nikkei 225 Technical Analysis: Short Term Double Top in Focus

Posted: 13 May 2016 12:21 AM PDT

The Nikkei 225 created a short term double top technical pattern on the 16,776 level implying lower prices might be ahead

ASX 200 Technical Analysis: Failure to Break 5,380 Range Top

Posted: 12 May 2016 11:17 PM PDT

The ASX 200 appears to have failed an attempt to break long term range top resistance at 5,380 and might now eye support
at

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