Friday, July 15, 2016

Australian Dollar at Risk on Post-Brexit, Geopolitical Jitters

Australian Dollar at Risk on Post-Brexit, Geopolitical Jitters

Australian Dollar at Risk on Post-Brexit, Geopolitical Jitters

Posted: 15 Jul 2016 08:01 PM PDT

The Australian Dollar is at the mercy of risk appetite trends once again, with post-Brexit spillover fears and geopolitical jitters threatening the sentiment-linked currency.

Weekly Fundamental Forecast: Can the Risk Rally and EUR/USD Range Persist?

Posted: 15 Jul 2016 06:12 PM PDT

There were two prominent and dichotomous trends this past week. One the one hand, the S&P 500 extended a run to record highs. On the other, EUR/USD held a tight range. Can this contrast in direction and activity level hold?

USDollar Keeps Range Despite Fading Fed Outlook, Rising Risk Appetite

Posted: 15 Jul 2016 06:07 PM PDT

The Dollar has maintained a remarkably tight range for three week range for three weeks running. The 80-point range on USDollar below 12,050 is equivalent to the average daily range of the index on a 20-day rolling basis.

Awaiting a USDollar Breakout, Risk Commitment, ECB’s Decision

Posted: 15 Jul 2016 05:28 PM PDT

A seemingly quiet end to the week was shaken through the final minutes of liquidity with headlines reporting an attempted military coup in Turkey.

New Zealand’s 7-Wk Win Streak Backed By 2.25% 10-Yr Yield

Posted: 15 Jul 2016 05:28 PM PDT

The New Zealand Dollar surprised a lot of G10 currencies last week as the seven-week uptrend continued.

British Pound Rallies but We’re Not Buying – Further Losses Likely

Posted: 15 Jul 2016 05:17 PM PDT

The British Pound strengthened for only the second week of the past seven as a key surprise out of the Bank of England and positive political developments eased financial market tensions.

Yuan Tests Resistance on Tightened Liquidity

Posted: 15 Jul 2016 05:17 PM PDT

Both onshore and offshore Yuan retraced against the US Dollar this week: the onshore Yuan (USD/CNY) closed at a slightly more bullish position, at 6.6810 following four consecutive drops on a weekly basis; the offshore Yuan (USD/CNH) touched 6.7076 on Monday and then pulled back after Yuan liquidity was tightened in the offshore market.

USD/CAD to Eye Downside Targets on Sticky Canada Inflation

Posted: 15 Jul 2016 05:12 PM PDT

USD/CAD may continue to give back the advance carried over from the previous month as the Bank of Canada (BoC) softens its dovish outlook for monetary policy, but the fresh data prints coming out of the region may dampen the appeal of the loonie as the central bank warns ‘the output gap will close somewhat later than estimated in April, towards the end of 2017.

Gold Prices Snap Six-Week Winning Streak- Respect Additional Downside

Posted: 15 Jul 2016 05:09 PM PDT

Gold prices are sharply lower this week with the precious metal down more than 2.8% ahead of the New York close on Friday.

Video: Japanese Yen Stands at Center of Key Risk, Monetary Policy Themes

Posted: 15 Jul 2016 05:07 PM PDT

The Japanese Yen has been one of the most active majors - in terms of volatility and trend - through 2016.

Is Japan Nearing the Deployment of ’Helicopter Money’?

Posted: 15 Jul 2016 05:03 PM PDT

This weekend saw a stark change-of-pace in price action trends around Japanese markets.

Helicopter Money Primer: The Possible Next Frontier in Quantitative Easing

Posted: 15 Jul 2016 03:00 PM PDT

Where do Central Banks Turn Whom Have Exhausted Their Primary Tools to Induce Growth? Ask Ben.

A Reported Coup in Turkey Sends Lira Tumbling, Threatens Global Volatility

Posted: 15 Jul 2016 02:39 PM PDT

The Turkish Lira dropped over 5 percent versus the US Dollar on reports that a military coup was underway to rest power from government. Weekend liquidity drain will make for uncertain markets Monday.

Long Gold at Market

Posted: 15 Jul 2016 01:41 PM PDT

NZD/CHF Showing Divergent Behavior

Posted: 15 Jul 2016 01:15 PM PDT

After Getting Closer To Its Third Standard Deviation NZD/CHF Retrace Back Inside Its Channel. Technical Analysis Shows Further Pressure To The Downside. Is NZD/CHF Still Good At Reflecting Investor’s Risk Aversion?

US Dollar Unmoved By Sentiment Figure Hitting Near 2-year Low

Posted: 15 Jul 2016 12:49 PM PDT

The US Dollar was unmoved by the University of Michigan’s Consumer Confidence survey, posting the most reserved outlook since August 2014. A better-than-expected June US CPI may have held to balance it.

Trading NZD/USD? Watch this Level in Lumber

Posted: 15 Jul 2016 11:53 AM PDT

NZD/USD has turned ahead of lumber since bottoming in August 2015. This week's turn lower in Kiwi may be a harbinger of things to come for lumber, which is currently on fire.

The GBP/USD and USD/JPY Dominate June’s $10,000 Challenge

Posted: 15 Jul 2016 11:00 AM PDT

FXCM and DailyFX are happy to announce the winners of June’s $10,000 Monthly Challenge! Congratulations to all of our participants.

CAC 40 Close Weekly Trading With an Inside Bar

Posted: 15 Jul 2016 10:50 AM PDT

The CAC 40 has rebounded from daily lows, but is set to close inside Thursday’s high and low.

NZD/USD Outlook Mired by RSI Divergence; New Zealand CPI on Tap

Posted: 15 Jul 2016 10:05 AM PDT

NZD/USD stands at risk for a larger pullback as the pair carves a near-term series of lower highs & lows ahead of New Zealand’s CPI report.

EUR/USD Volume Hints the Post Brexit Lows Hold

Posted: 15 Jul 2016 09:37 AM PDT

Forex volume in EUR/USD has been stronger on up moves than on down moves. EUR/USD sits at trend line support now. Will it hold?

USD/CAD Technical Analysis: Ripe Environment For Macro Opening Range Breakout

Posted: 15 Jul 2016 08:55 AM PDT

USD/CAD Has Steadied On the Chart and Now Looks Ready To Surmount and Trade Above the Ichimoku Cloud And Potentially Set-Up A Clear Breakout.

Dow Jones Industrial Average Tallies 5 Days of Gains in a Row

Posted: 15 Jul 2016 06:40 AM PDT

Dow Jones Industrial Average closed up 5 days in a row which brings the 3 week gain to 6%. The fundamental driver has been lowered rate hike expectations which tend to favor equities.

USD/CHF Technical Analysis: Bullish but Beware the Wedge

Posted: 15 Jul 2016 06:37 AM PDT

The Swissy continues to build-in bullish near-term price action, but a longer-running symmetrical wedge may cap top-end profit targets, at least temporarily until the top-side trendline breaks.

EUR/USD Drops as June US CPI & Retail Sales Beat Expectations

Posted: 15 Jul 2016 06:00 AM PDT

US consumer spending and inflation data both beat expectations, lending immediate strength to the US Dollar.
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