Wednesday, May 11, 2016

Pound Crosses Positioned for Breakout Before BoE’s Super Thursday

Pound Crosses Positioned for Breakout Before BoE’s Super Thursday

Pound Crosses Positioned for Breakout Before BoE’s Super Thursday

Posted: 11 May 2016 04:14 PM PDT

There is a range of remarkable technical setups across the Pound pairs heading into the Bank of England's quarterly meeting.

Near-term Setups in GBPUSD, EURUSD & AUDCAD

Posted: 11 May 2016 01:08 PM PDT

Trading highlighted intraday setups in GBPUSD, EURUSD & AUDCAD. Here are the updated targets and invalidation levels that matter.

Gold Prices: Morning Star on D1 Opens Door for Continuation

Posted: 11 May 2016 12:40 PM PDT

If US Dollar weakness persists, Gold could catch another bid higher. And the Daily chart is showing a morning star formation that could prelude top-side resumption entries.

USD/CAD Technical Analysis: Time For Bulls To Prove Their Worth

Posted: 11 May 2016 11:20 AM PDT

The Canadian Dollar has weakened for most of the month so far. Now, we’ve broken above the 34-DMA, but Intermarket Factors may push CAD higher.

WTI Crude Oil Price Forecast: Stock Drop Makes Oil Go Pop

Posted: 11 May 2016 11:00 AM PDT

WTI Crude Oil (CFD: US Oil) Broke Out On Today’s EIA Inventory Data. Now, Traders Are Wondering How Optimistic They Should Be.

EUR/JPY Technical Analysis: Stuck in the Middle with Yen

Posted: 11 May 2016 10:54 AM PDT

Macro trends in both the Euro and Yen are fairly messy (bad) at the moment, and the technicals aren't much cleaner. But recent price action levels may help define stance moving forward.

China’s Market News: Private Sector Bonds at High Risk in May

Posted: 11 May 2016 10:18 AM PDT

Bond defaults have spread from private-owned companies to stated-owned enterprises. Chinese media warns that there could be more defaults coming in the month of May.

GBP/JPY Technical Analysis: Primed to Move Ahead of Super Thursday

Posted: 11 May 2016 09:43 AM PDT

USD/JPY Advance Loses Steam Ahead of BoJ Minutes, BoP Report

Posted: 11 May 2016 08:12 AM PDT

A widening current-account surplus paired with more of the same from the BoJ may spur a further decline in USD/JPY.

Large Gain in Dow Jones Industrial Average Presses Resistance

Posted: 11 May 2016 06:18 AM PDT

Dow Jones faces resistance after popping higher on Tuesday. Though we are still in a corrective move, sentiment suggests another pop higher.

Has the US Dollar Set a Significant Bottom?

Posted: 11 May 2016 06:12 AM PDT

The past three months have seen a big change-of-pace from the first six weeks of the year as risk aversion roiled markets. But with risk assets on their way back, does that mean a rate hike from the Fed is around the corner?

Silver Prices Catapult Higher Following A Softer Dollar

Posted: 11 May 2016 05:00 AM PDT

Silver prices have gained almost 4% over the last 34 hours and, at the time of writing, also challenged the May 6 high of $17.56.

The S&P 500 Jets Higher, Faces Test at Resistance

Posted: 11 May 2016 03:10 AM PDT

DAX 30 Gives Back Some Of This Week’s Gains

Posted: 11 May 2016 02:59 AM PDT

The trend since February is bullish, as price has been creating higher lows and higher highs since then. The most recent swing low of this bullish trend is last week’s low of 9739.

Yen Gains as Stocks Retreat, NZ Dollar Gains on RBNZ FSR Report

Posted: 11 May 2016 02:44 AM PDT

The Japanese Yen rose as risk aversion swept financial markets while the New Zealand Dollar rose as the RBNZ opted against laying the groundwork for further rate cuts.

FTSE 100 Is Little Changed Ahead Of Manufacturing Production

Posted: 11 May 2016 12:59 AM PDT

It appears that price is trading sideways between last week’s low of 6054 and the April 9 high of 6177 and that the true bias of traders might reveal itself first on a break to the 6177-6054 range.

Gold Prices Digesting Oil-Linked Drop, Inventory Data Eyed Ahead

Posted: 11 May 2016 12:19 AM PDT

Gold prices are digesting after oil-linked volatility helped trigger the largest drop in seven weeks. The weekly set of EIA crude inventory figures is in focus ahead.

Nikkei 225 Technical Analysis: 16,500 Level in Play

Posted: 11 May 2016 12:05 AM PDT

The Nikkei 225 cleared the 16,500 resistance which might act as support for a follow-through move higher

ASX 200 Technical Analysis: Index Reverses After Setting 2016 High

Posted: 10 May 2016 10:40 PM PDT

The ASX 200 posted a new high for the year and broke a 9-month range top before quickly reversing off resistance

GBP/USD to Face Larger Recovery as U.K. Production Rebounds

Posted: 10 May 2016 09:00 PM PDT

A meaningful rebound in U.K. Industrial & Manufacturing production may spur a larger recovery in GBP/USD as it raises the economic outlook for the region. 

Strategy Video: What’s Driving USD/JPY and the Yen Crosses?

Posted: 10 May 2016 07:08 PM PDT

The USD/JPY's two day rally is one of the strongest moves since the 2014 BoJ QQE upgrade. Will it continue?

Impressive Dollar Rally Cools, SPX Charges Equities and Risk Trends

Posted: 10 May 2016 06:58 PM PDT

We are seeing changing tides behind key market trends. The Dollar's remarkable run is cooling and the S&P 500's rally is starting. Can either/both last?

Bank of England Considering Contingency amid Brexit Fears

Posted: 10 May 2016 05:42 PM PDT

Amid the ongoing debate in the UK over the exit from the EU, the Treasury and Bank of England have started to discuss contingencies.
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