Wednesday, June 8, 2016

Brazil Maintains Benchmark Rate Amid Economic Distress

Brazil Maintains Benchmark Rate Amid Economic Distress

Brazil Maintains Benchmark Rate Amid Economic Distress

Posted: 08 Jun 2016 05:32 PM PDT

The Central Bank of Brazil (BCB) maintained its record-high lending rate at 14.25 percent as a new president is given the reigns to fight the country’s mounting inflation problem.

New Zealand Dollar Rallies as RBNZ Disappoints Rate Cut Bets

Posted: 08 Jun 2016 02:46 PM PDT

The New Zealand Dollar rallied across the board after the Reserve Bank of New Zealand held rates at 2.25 percent, did not signal imminent signs of easing, and disappointed rate cut expectations.

EUR/JPY Technical Analysis: Stubborn Support Snaring Breakout Victims

Posted: 08 Jun 2016 12:26 PM PDT

For three months now a major down-side break has appeared imminent in EUR/JPY, but to no avail. With a higher-low printing on the early part of this week, traders should remain cautious of pushing too aggressively on the short-side.

USD/CHF Technical Analysis: Megaphone Leads to Amplified Breakout

Posted: 08 Jun 2016 11:00 AM PDT

Swissy put in an aggressive break of support on the heels of last week's NFP report, and has shown little sign of slowing down since.

USD/CAD In Free-Fall; Critical Support 1.2540

Posted: 08 Jun 2016 10:35 AM PDT

The breakdown is approaching its fourth consecutive day off losses with critical support now in view. Here are the updated targets & invalidation levels that matter.

GBP/USD Technical Analysis: Two-Year Trend-Line Defining the Wedge

Posted: 08 Jun 2016 10:14 AM PDT

While the debate on the Brexit referendum rages on, price action in the British Pound has been digging deeper within a symmetrical wedge formation.

NZD/USD to Eye April High (0.7053) on Less-Dovish RBNZ

Posted: 08 Jun 2016 10:00 AM PDT

NZD/USD may make another attempt to test the April high (0.7053) should the RBNZ soften its dovish outlook for monetary policy.

AUD/USD Trades to Weekly Highs

Posted: 08 Jun 2016 10:00 AM PDT

The AUD/USD is currently trading to new weekly highs, and is poised to close higher for the 4th consecutive session.

China’s Market News: PBOC Lowers Exports Outlook, Raises CPI Forecast for 2016

Posted: 08 Jun 2016 07:19 AM PDT

China’s Central Bank significantly cut the export forecast this year following the disappointing exports print in May.

GBP/USD Trades Sideways After Yesterday’s 229 Pip Spike

Posted: 08 Jun 2016 06:55 AM PDT

The GBP/USD is consolidating this morning, after spiking up as much as 229 pips in yesterday’s trading.

Dollar Weakness is In Vogue; but For How Long?

Posted: 08 Jun 2016 06:22 AM PDT

The US Dollar continues to fall below support levels after Friday's NFP and Monday's Yellen comments. But the pertinent question is how dovish the Fed might go in their projections at their meeting next week.

DJIA Drifts Higher as Fed Rate Hike Expectations Soften

Posted: 08 Jun 2016 06:06 AM PDT

Dow Jones Industrial Average continues pushing higher as Fed rate hike expectations are reduced. This fuels an environment of buy the dip strategy.

GBPUSD – Likely Range-trader Friendly Until the EU Vote

Posted: 08 Jun 2016 05:45 AM PDT

Soft US Dollar Helping Propel Crude Oil, Gold, Equities

Posted: 08 Jun 2016 04:45 AM PDT

The prospect of the Fed keeping rates on hold through mid-year has risk assets and USD-denominated assets pointing higher these days.

S&P 500: Divergences at Current Levels Warrants Caution

Posted: 08 Jun 2016 04:42 AM PDT

Silver Prices Jet Higher as Expected, Resistance Presents Hurdle

Posted: 08 Jun 2016 03:43 AM PDT

FTSE 100: Fake-out, Breakout Sets Up Shorts

Posted: 08 Jun 2016 01:24 AM PDT

USD/CAD in Focus With Housing Data, Crude Oil Inventories Ahead

Posted: 08 Jun 2016 12:59 AM PDT

The USD/CAD is in focus today on a light economic calendar as Crude Oil Inventories may amplify volatility for the pair

Aussie Dollar Rally May Continue as China Data Boosts Sentiment

Posted: 07 Jun 2016 10:12 PM PDT

The Australian Dollar may continue to rise after prices reached a monthly high as an unexpected jump in Chinese import growth boosts market-wide risk appetite.

Aussie Dollar Gains as Chinese Import Figures Fuel Risk-On Trade

Posted: 07 Jun 2016 10:04 PM PDT

The Australian Dollar climbed in risk-on trade as China’s trade data showed that imports declined at their slowest pace since September 2014.

Gold Prices May Fall on FOMC as Crude Oil Gains on China Data

Posted: 07 Jun 2016 08:33 PM PDT

Gold prices may correct lower amid pre-positioning for next week’s FOMC meeting. Crude oil prices may continue higher if upbeat Chinese trade data stokes risk appetite.

World Bank, OECD Express Pessimism on Global Growth Forecasts

Posted: 07 Jun 2016 07:53 PM PDT

Both the World Bank and the OECD have recently released global growth surveys expressing pessimism about the economic outlook.
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