Monday, June 6, 2016

AUD/USD Sentiment and Positioning for the RBA Rate Decision

AUD/USD Sentiment and Positioning for the RBA Rate Decision


AUD/USD Sentiment and Positioning for the RBA Rate Decision

Posted: 06 Jun 2016 05:54 PM PDT

Speculative sentiment argues for a bearish Aussie Dollar bias as prices test trend-defining chart resistance ahead of the RBA monetary policy announcement.

EUR/USD Technical Analysis: Euro Rallies Most in 7 Months

Posted: 06 Jun 2016 05:34 PM PDT

The Euro turned higher against the US Dollar as expected after prices found support below the 1.11 figure, with the surge catalyzed by disappointing US jobs data.

EUR/GBP Technical Analysis: Two-Month Down Trend Broken

Posted: 06 Jun 2016 05:32 PM PDT

The Euro continued to push upward against the British Pound, breaking above trend line resistance guiding the down move since early April.

Wait-and-See RBA to Encourage Larger AUD/USD Rebound

Posted: 06 Jun 2016 04:00 PM PDT

AUD/USD may face a larger recover over the near-term should the Reserve Bank of Australia (RBA) talk down bets for additional monetary support.

Fed’s Janet Yellen Weighs on Economy After Dismal NFP Figures

Posted: 06 Jun 2016 02:18 PM PDT

In her highly-anticipated speech following last Friday’s sizable NFP miss, Fed Chair Yellen reflected on employment and spoke about the path of monetary policy against the economy.

RBA: Buy the Rumor, Sell the News? AUD/USD Support at 2016 Open

Posted: 06 Jun 2016 11:58 AM PDT

The Aussie rebound is at risk near-term heading into tonight’s rate decision. Here are the updated targets & invalidation levels that matter heading into the release.

Gold Prices: Finding Resistance at Old Fibonacci Support

Posted: 06 Jun 2016 10:51 AM PDT

After a tumultous month of May, Gold prices caught a major bid on the back of Friday's abysmal NFP print. Is this the start of a new bullish run, or just another 'lower high?'

AUD/USD Steadies for RBA Rate Announcement

Posted: 06 Jun 2016 09:45 AM PDT

AUD/USD holds steady today after large gains on Friday. If prices continue to push into resistance, use the Grid Sight tool to pinpoint intraday shifts in momentum.

Webinar: USDOLLAR Bearish Sub 11902 Post-NFP; RBA, RBNZ on Tap

Posted: 06 Jun 2016 07:55 AM PDT

The greenback remains vulnerable on the back of Friday’s NFP sell-off. Here are the updated setups, targets & invalidation levels that matter this week.

China’s Market News: US, China Meet for Yuan Rate Discussions

Posted: 06 Jun 2016 07:10 AM PDT

Top US and Chinese officials are meeting at the annual U.S.-China Strategic and Economic Dialogue in Beijing on Monday. The Yuan exchange rate regime is one of the key topics.

USD/JPY Retail Sentiment Hits Extreme Ahead of Japan BoP, GDP Report

Posted: 06 Jun 2016 06:45 AM PDT

USD/JPY retail sentiment is back at extremes, with the pair at risk for a further decline as Japan’s GDP report is expected to show an upward revision in the growth rate.

Gold and Silver Ownership Profiles Moderate from Records

Posted: 06 Jun 2016 06:30 AM PDT

Gold and silver are working off their extreme ownership profiles. Eventually, this moderation in positioning will ‘allow’ the metals to work higher.

USD Bounces Off of Support as Sterling Gets Smashed

Posted: 06 Jun 2016 05:43 AM PDT

Friday brought a precipitous decline to the US Dollar, but another Brexit poll indicating a majority to 'leave' has brought even more weakness into the British Pound.

US Dollar in Trouble as Fed Window May be Closed Until December

Posted: 06 Jun 2016 04:43 AM PDT

The US Dollar has a tough road ahead of itself.

USD/CNH Technical Analysis: Pair Holding 6.5500 Support

Posted: 06 Jun 2016 03:55 AM PDT

The USD/CNH is trading above 6.5500 at the time of writing, which may put the spotlight on the 6.6000 resistance level

S&P 500: Shrugs off Abysmal NFPs, Undergoing Consolidation Phase

Posted: 06 Jun 2016 03:25 AM PDT

Does Economic Data Matter for the Euro and British Pound?

Posted: 06 Jun 2016 02:39 AM PDT

The Euro and the British Pound are likely to look past oncoming economic data as Brexit fears swell while the ECB remains locked in wait-and-see mode.

Silver Prices May Shine in Near-term, Intermediate-term Caution Still Warranted

Posted: 06 Jun 2016 02:11 AM PDT

Sentix Euro-Zone Figure at Six Month High as Expectations Soar

Posted: 06 Jun 2016 02:11 AM PDT

Sentix Investor Confidence Index rose by +3.7, with the report saying economic expectations for the next six-months soared

Gold Prices Look to Yellen for Direction After Dramatic Rally

Posted: 06 Jun 2016 02:04 AM PDT

Gold prices are looking to comments from Fed Chair Janet Yellen for direction cues after dismal US jobs data triggered the largest daily advance in four months.

EUR/USD Treading Water After Friday’s NFPs, Yellen Speech Ahead

Posted: 06 Jun 2016 01:31 AM PDT

The EUR/USD is moving sideways after the US Non-farm Payrolls Friday surge, as we look to find trading opportunities with GSI

DAX 30: Sells Off Into Heart of Support, Quick Recovery Needed by Bulls

Posted: 06 Jun 2016 01:25 AM PDT

Yellen in Focus as Dismal Jobs Data Puts Rate Hike in Question

Posted: 05 Jun 2016 11:13 PM PDT

Comments from Fed Chair Janet Yellen are in focus after a deeply disappointing set of US labor-market figures crushed rate hike expectations and sank the US Dollar.

British Pound Drops on Brexit Fears, Yellen Speech in Focus Ahead

Posted: 05 Jun 2016 10:43 PM PDT

The British Pound fell on renewed “Brexit” fears while the US Dollar looks ahead to a pivotal speech form Fed Chair Yellen following May’s grim jobs data.

Nikkei 225 Technical Analysis: Index Testing Prior Support

Posted: 05 Jun 2016 10:36 PM PDT

The Nikkei 225 broke prior support at 16,500 and a hold below the level might signal a move lower is ahead

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