Monday, May 23, 2016

USD/JPY Technical Analysis: Clearly Defined Support & Resistance To Help Traders

USD/JPY Technical Analysis: Clearly Defined Support & Resistance To Help Traders

USD/JPY Technical Analysis: Clearly Defined Support & Resistance To Help Traders

Posted: 23 May 2016 01:20 PM PDT

USD/JPY has come into a plethora of key resistance points. Given the fundamental backdrop, we should keep an eye on a potential breakout.

Will a 5th EUR/USD Sentiment Flip Follow the Path of Previous 4?

Posted: 23 May 2016 12:33 PM PDT

EUR/USD sentiment pops into positive territory for the 5th time this calendar year. The previous 4 flips resulted in pops higher for the exchange rate. Will this time be similar?

AUD/USD Bounces at Support

Posted: 23 May 2016 10:45 AM PDT

After trending lower, the AUD/USD has found temporary support near .7200.

GBP/USD Into Support- Shorts at Risk Above 1.44

Posted: 23 May 2016 10:39 AM PDT

Cable is approaching a key support confluence ahead of tomorrow’s BoE testimony before parliament. Here are the updated targets & invalidation levels that matter.

Dollar Hike Bets & Pre-EU Referendum Volatility May Pave the Way For Cable Drop

Posted: 23 May 2016 09:10 AM PDT

Webinar: USD Crosses in Focus as Index Eyes Resistance

Posted: 23 May 2016 07:41 AM PDT

Setups we’re tracking as the USDOLLAR attempts a fourth consecutive week of gains. Here are the updated targets & invalidation levels that matter.

EUR/USD, USD/JPY: Which Will Break First?

Posted: 23 May 2016 06:33 AM PDT

An exuberantly strong US Dollar throughout the month of May has brought to question two previously pervasive trends. We take a look at recent price action to discern when and how traders might be able to look for setups in each market.

Dow Jones Industrial Average in a Tight Range Post Fed Minutes

Posted: 23 May 2016 05:13 AM PDT

After a soft close on Wednesday, Dow Jones has traded sideways despite the hawkish tone by the Fed. Look for signs of a tradeable low to form over the coming weeks.

USDOLLAR Index Turns to Fed Speakers for Breakout Catalysts

Posted: 23 May 2016 05:00 AM PDT

The US Dollar has gained against three of the four components of the USDOLLAR Index today. Unfortunately for risk assets, USD/JPY's lack of participation is foreboding.

Silver Prices Test Last Week’s Low

Posted: 23 May 2016 04:56 AM PDT

Silver prices were, at the time of writing, bearish below the March 19 high of $16.89 and attempted to breach last week’s low of $16.32.

DAX 30 Maintains Choppy Trend

Posted: 23 May 2016 03:36 AM PDT

The DAX 30 kept on seesawing this morning and price was firmly stuck between the May 6 low of 9739 and the May 10 high of 10,111.

S&P 500: Chop Continues, Short-term Chart in Focus

Posted: 23 May 2016 02:39 AM PDT

FTSE 100 Rises on Soft Eurozone PMI

Posted: 23 May 2016 01:54 AM PDT

FTSE 100 trading was lackluster for trend traders at the time of writing, as price remained trapped between the May 6 low of 6053 and the May 12 high of 6195.

EUR/USD Slightly Lower After Soft Markit Euro-Zone PMI Figures

Posted: 23 May 2016 01:37 AM PDT

The Euro was slightly lower versus other majors after today’s Markit PMIs printed soft figures, with the composite output index printing a 16-month low

Crude Oil Prices May Be Topping, Gold Momentum Ebbing

Posted: 22 May 2016 10:48 PM PDT

Crude oil prices may be topping near the $49/barrel figure while gold price momentum is slowing even as downward drift continues. Eurozone PMI data and Fed commentary are in focus ahead.

Has the US Dollar Uptrend Finally Resumed?

Posted: 22 May 2016 10:41 PM PDT

The US Dollar may continue to recover as Fed rate hike bets rebuild. Brexit fears will see investors glued to polling results. The Bank of Canada rate decision headlines scheduled event risk.

G7 Debates BOJ Easing, Brexit Risk and Fiscal Pro-Growth Measures

Posted: 22 May 2016 09:05 PM PDT

G7 finance ministers and central bank governors concluded a 2-day meeting in Sendai, Japan. Discussions focused on BOJ policy and the looming “Brexit” threat.

Euro to Look Past PMI Data, US Dollar May Rise on Fed Comments

Posted: 22 May 2016 08:06 PM PDT

The Euro is unlikely to find meaningful support in improving PMI readings while the US Dollar may rise on back of another round of hawkish comments from Fed officials.
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