Thursday, May 12, 2016

Pound Left Undetonated, Euro Faces GDP, Dollar and Shares Adrift

Pound Left Undetonated, Euro Faces GDP, Dollar and Shares Adrift


Pound Left Undetonated, Euro Faces GDP, Dollar and Shares Adrift

Posted: 12 May 2016 05:56 PM PDT

Meaningful event risk is evenly distributed through the final 24 hours this week, but its market moving potential is certainly spotty.

The BoE Withholds Volatility, What to Do With Primed Pound?

Posted: 12 May 2016 05:19 PM PDT

The BoE decision wouldn't flip the switch on Pound volatility, but the trade opportunities don't simply pass with the event.

US DOLLAR Technical Analysis: Can King Dollar Regain The Throne?

Posted: 12 May 2016 11:50 AM PDT

Two Key Levels Stand In the Way of US Dollar Bulls Celebrating. Be on Watch and Get Ready for Volatility.

DailyFX Technical Focus: Short Term S&P and Gold Analysis

Posted: 12 May 2016 11:18 AM PDT

The S&P 500 index is trading within a short term channel. Only a break below 2030 would suggest something more sinister at play. 'Subtle' resistance in gold hints at downside towards 1240.

EUR/USD at Support Ahead of US Retail Sales- Resistance into 1.15

Posted: 12 May 2016 10:32 AM PDT

The weekly opening range highlights the 1.1356-1.1443 zone heading into tomorrow’s event risk. Here are the updated targets & invalidation levels that matter.

GBP/USD Retains Bullish RSI Formation Even as BoE Stays on Hold

Posted: 12 May 2016 10:28 AM PDT

GBP/USD may continue to threaten the bearish trend carried over from 2015 as the BoE continues to see a risk of overshooting the 2% target for inflation.

China’s Market News: Widened Yuan Spread Raises PBOC’s Concern

Posted: 12 May 2016 09:40 AM PDT

Yuan short-side speculation is rising in the offshore market again. How might China’s Central Bank react?

GBP/AUD: Beware of Near-term Exhaustion- Resistance 1.9854/86

Posted: 12 May 2016 08:36 AM PDT

GBPAUD is up nearly 8% off the lows in just over two weeks with key resistance objectives now in view. Here are the updated targets & invalidation levels that matter.

CAC 40 Prices Stall at Daily Resistance

Posted: 12 May 2016 06:40 AM PDT

CAC 40 prices are trading higher, but have reached a pivotal point of resistance.

Bank of England Warns of Brexit Risks

Posted: 12 May 2016 06:35 AM PDT

Central Banks rarely mix politics with economics, but with the far-reaching repurcussions of the upcoming referendum vote, the Bank of England has warned of dire consequences.

Silver Price Remains Trapped Within The $17.56-$16.88 Range

Posted: 12 May 2016 05:00 AM PDT

Yesterday’s strong surge in the price of silver proved to be unstainable and the May 6 high of $17.56 was able to cap price.

BOE’s ’Super Thursday’ Might Not be All that Super for GBP

Posted: 12 May 2016 03:10 AM PDT

The BOE will undoubtedly leave rates on hold today at 0.50%, as they have since March 2009. Traders should look beyond the next few weeks for clues.

DAX 30 Is Up, Industrial Production Failed to Meet Expectations

Posted: 12 May 2016 03:00 AM PDT

DAX 30 remains bullish above Friday’s low of 9739 and the next major resistance level is the April monthly high of 10,490.

S&P 500/Dow: Topping Formation in Question Working its Way Towards Reality

Posted: 12 May 2016 02:48 AM PDT

British Pound Seems Biased Upward on BOE Inflation Report

Posted: 12 May 2016 01:24 AM PDT

The British Pound seems likely to rise after traders comb through the Bank of England Inflation Report for policymakers’ take on the looming “Brexit” referendum.

FTSE 100 Remains Stable Ahead of BoE Rate Decision

Posted: 12 May 2016 01:04 AM PDT

FTSE 100 price momentum has slowed down substantially over the last few days, as traders are not sure if they should be buying or selling the index.

Weaker BoE Forecasts to Drag on GBP/USD Rebound

Posted: 12 May 2016 12:00 AM PDT

GBP/USD may struggle to retain the rebound from earlier this week should the BoE cut its outlook for growth and inflation. 

Crude Oil May Extend Gains as Gold Falls on BOE Inflation Report

Posted: 11 May 2016 11:44 PM PDT

Crude oil may build on its two-day winning streak while gold prices retreat as the Bank of England weighs in on “Brexit” impact in its Quarterly Inflation Report.

Aussie Dollar Risk-Off Decline Amplified by Inflation Estimates

Posted: 11 May 2016 08:57 PM PDT

The Australian Dollar’s decline was amplified in a risk-off environment after the country’s consumer inflation expectations showed the lowest reading since June 2015.

Yen Resumes Risk-off Rally After Japanese Trade Balance Figures

Posted: 11 May 2016 07:34 PM PDT

The Japanese Yen temporarily paused its advance in risk-off trade to digest the country’s trade balance figures before shortly resuming the move higher.

USD and Equity Trends Broken, Pound and Oil Staged for Breakout

Posted: 11 May 2016 07:21 PM PDT

Both the Dollar and US equities saw their rallies cut down this past session, with the severity of the move dictated by their underlying volatility.

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