Friday, May 27, 2016

Weekly Trading Forecast: NFPs, ECB and Aussie GDP to Combat Expected Slow Start

Weekly Trading Forecast: NFPs, ECB and Aussie GDP to Combat Expected Slow Start


Weekly Trading Forecast: NFPs, ECB and Aussie GDP to Combat Expected Slow Start

Posted: 27 May 2016 06:34 PM PDT

The week ahead is expected to launch with a slow start with US and UK holiday’s curbing speculative ambitions. However, a long list of critical event risk will likely break that spell quickly.

A Late Push for the Dollar from Yellen Puts Bulls on Notice

Posted: 27 May 2016 06:24 PM PDT

We will open the new trading week with the USDollar at a two months high but liquidity curtailed by Monday’s Memorial Day holiday.

Dollar Pushes EUR/USD to Verge of Breakdown Ahead of ECB, NFPs

Posted: 27 May 2016 05:02 PM PDT

Rather than drift off into the weekend with little potential to draw traders' interests; the Dollar roped our attention with a final move that positions us for imminent breakout risk once the markets reopen.

Video: A Fed Hike, Brexit Vote and Oil May Not Allow a Quiet June

Posted: 27 May 2016 04:41 PM PDT

June is historically seen as one of the quietest months for activity in the markets.

Aussie Dollar Selling May Continue as RBA vs. Fed Outlooks Diverge

Posted: 27 May 2016 04:36 PM PDT

The Australian Dollar looks vulnerable to continued losses as the Fed versus RBA monetary policy divergence continues to appear increasingly more pronounced.

Sterling Continues to Strengthen With Brexit Vote a Month Away

Posted: 27 May 2016 04:16 PM PDT

We are now less than four weeks from the vote waited upon around-the-world; and that is the decision that UK voters will tackle on June 23rd that will decide the fate of the continued EU-membership for the United Kingdom.

Gold Prices in Free Fall- Shorts at Risk into NFP

Posted: 27 May 2016 04:11 PM PDT

Gold prices fell for a fourth consecutive week with the precious metal plummeting more than 2.8% to trade at 1215 ahead of the New York close on Friday.

USD/CAD Risks Further Losses on Upbeat Canada GDP, Slowing U.S. NFP

Posted: 27 May 2016 04:07 PM PDT

A pickup in the Canadian economy accompanied by slowing job growth in the U.S. may fuel a near-term decline in USD/CAD as the Bank of Canada (BoC) appears to be moving away from its easing cycle, while the Federal Reserve remains in no rush to further normalize monetary policy.

Japanese Yen Likely to Hit Further Lows Unless Key Data Disappoints

Posted: 27 May 2016 03:58 PM PDT

The Japanese Yen fell for the fourth-consecutive week against the US Dollar and matched its longest losing streak since the USD/JPY traded above ¥121 through late 2014.

Yellen Gives First Public Appearance Following April FOMC Minutes

Posted: 27 May 2016 03:04 PM PDT

After the market moving release of last week’s FOMC minutes, the market seemed more confident that the Fed’s stance on rate hikes was not “if “but rather “when”.

EUR/USD to Mount Near-Term Recover on Sticky CPI, Wait-and-See ECB

Posted: 27 May 2016 09:35 AM PDT

More of the same from the ECB accompanied with signs of stronger inflation may prop up EUR/USD as market participants scale back bets for more easing.

AUD/USD Prepares for Breakout

Posted: 27 May 2016 06:56 AM PDT

The AUD/USD has been consolidating for the last 5 trading sessions, forming a symmetrical triangle.

CAC 40 Approaches Resistance Ahead of Yellen Speech

Posted: 27 May 2016 05:37 AM PDT

The CAC 40 is trading near weekly highs this morning, but is stalling near resistance ahead of Janet Yellens Speech later today.

AUD/USD, EUR/USD Ride Daily 8-EMAs Ahead of GDP, Yellen

Posted: 27 May 2016 05:00 AM PDT

With key events on the US calendar and a three-day weekend ahead, market risk is highest during the North American morning hours today.

Upward Revision to 1Q U.S. GDP to Hamper EUR/USD Rebound

Posted: 27 May 2016 01:00 AM PDT

An upward revision in the 1Q U.S. GDP Report may derail the near-term rebound in EUR/USD as it fuels speculation for an imminent Fed rate-hike.

Nikkei 225 Technical Analysis: Short Term Levels Prevail

Posted: 27 May 2016 12:52 AM PDT

The Nikkei 225 seems lacking in conviction as the index appears to be trading between well-defined short term technical levels

Crude Oil and Gold Prices May Fall on US GDP, Yellen Comments

Posted: 26 May 2016 11:20 PM PDT

Crude oil and gold prices may decline as upgraded first-quarter US GDP figures and hawkish comments from Fed Chair Yellen fuel FOMC rate hike speculation.

US Dollar Gains as G7 Communique Bolsters Fed Rate Hike Bets

Posted: 26 May 2016 09:25 PM PDT

The US Dollar rose after a moderately-worded G7 draft communiqué appeared to pave the way for a near-term interest rate hike from the Federal Reserve.

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