Wednesday, July 20, 2016

Dollar Makes a Break, Will ECB Decision Force EUR/USD Next?

Dollar Makes a Break, Will ECB Decision Force EUR/USD Next?


Dollar Makes a Break, Will ECB Decision Force EUR/USD Next?

Posted: 20 Jul 2016 06:48 PM PDT

After three weeks of tedious range, the USDollar finally posted a bullish break which raised interest in active trades among the majors.

Video: What to Expect from the ECB and Major Central Banks Ahead

Posted: 20 Jul 2016 05:11 PM PDT

Aggressive and even competitive monetary policy among the world's largest central banks is still one of the primary catalysts for FX volatility and trend development.

NZ Dollar Falls as RBNZ Sets the Stage for an August Rate Cut

Posted: 20 Jul 2016 04:19 PM PDT

The New Zealand Dollar fell across the board after the RBNZ said that further monetary policy easing will be required in an update of its economic assessment.

USD/CHF Technical Analysis: Swissy Sticking with the Channel

Posted: 20 Jul 2016 11:44 AM PDT

While the US Dollar breakout continues higher, USD/CHF has remained in a relatively clean, upward-sloping channel.

EUR/USD Battle Lines Drawn Ahead of ECB- Levels To Know

Posted: 20 Jul 2016 11:18 AM PDT

The decline is approaching near-term support targets ahead of tomorrow’s rate decision. Here are the updated targets & invalidation levels that matter into the release.

GBP/JPY Technical Analysis: Five Days of Res at the 61.8, but Not Quite Bearish

Posted: 20 Jul 2016 11:14 AM PDT

GBP/JPY has now found five consecutive days of resistance at a key Fibonacci level, but given the pattern of recent higher-lows, traders may want to look to the other side of the move.

GBP/USD Technical Analysis: Choppy Cable Seeks Resistance

Posted: 20 Jul 2016 10:43 AM PDT

While USD breaks out to fresh highs, the Cable remains above previous support; highlighting that the down-trend may not yet be ready for continuation plays.

China’s Market News: Yuan Stages Biggest Rally in Two Weeks

Posted: 20 Jul 2016 09:33 AM PDT

It appears as if the PBOC would like the Yuan to stay below 6.70 for now.

NZD/USD Continues to Search for Support Ahead of RBNZ Update

Posted: 20 Jul 2016 09:30 AM PDT

NZD/USD may continue to carve lower highs & lowers over the coming days should the RBNZ show a greater willingness to further embark on its easing cycle.

USD/JPY Move on Critical Resistance at 107.00

Posted: 20 Jul 2016 09:30 AM PDT

The USD/JPY continues to trade higher, and is approaching daily trendline resistance at 107.00.

EUR/USD Higher after July EZ Consumer Confidence Falls Less than Forecast

Posted: 20 Jul 2016 08:10 AM PDT

Consumer Confidence continues its downtrend in the Eurozone in the wake of the Brexit fallout

Retail FX Traders Point to Significant Changes for Yen

Posted: 20 Jul 2016 08:00 AM PDT

Retail FX traders are now net-short the US Dollar versus the Japanese Yen for the first time since the pair traded near ¥120 through late 2015.

Dow Jones Industrial Average Keeps Punching All-Time Highs

Posted: 20 Jul 2016 06:14 AM PDT

Dow Jones Industrial Average tacked on another close to all-time highs yesterday. The daily moves have become less extreme over the past week as the market is digesting its gains near measured wave relationships.

Will the Fed Feedback Loop See the Bank Take Another Hawkish Tilt?

Posted: 20 Jul 2016 06:00 AM PDT

As U.S. stock prices have ascended to even-higher all-time-highs on the back of Central Bank dovishness, it may be an opportune time for the Fed to take on a hawkish stance towards rate hikes. Again.

S&P 500: Running Out of Steam

Posted: 20 Jul 2016 05:45 AM PDT

USDOLLAR Breakout Lacks EUR/USD Participation; Preview for ECB

Posted: 20 Jul 2016 05:33 AM PDT

The ECB will likely use tomorrow's meeting to pave the way for more easing at the end of this year.

USD/CAD Levels to Watch in US Trading Hours, Crude Inventories Ahead

Posted: 20 Jul 2016 04:33 AM PDT

The USD/CAD is trading higher as we approach US trading hours, but a quiet economic calendar might see Oil leading the way

USD/CAD Hits Resistance After 4 Day Advance

Posted: 20 Jul 2016 03:51 AM PDT

The USD/CAD is trading at resistance after advancing for its 4th consecutive session.

DAX: Pressing Resistance Zone Once Again

Posted: 20 Jul 2016 03:49 AM PDT

Crude Oil Prices Rise, Gold Falls as BOE Talks Down Brexit Impact

Posted: 20 Jul 2016 02:54 AM PDT

Crude oil prices rose while gold fell amid a broad swell in market-wide risk appetite after the Bank of England painted an upbeat picture of the post-Brexit UK economy.

GBP/USD Spikes Higher After Jobs Data and BoE Comments

Posted: 20 Jul 2016 02:44 AM PDT

The British Pound pushed higher versus all other majors as unemployment dropped, BoE says no evidence of sharp slowing after Brexit

FTSE 100: Continues to Maintain a Bid, Top-side Levels in Focus

Posted: 20 Jul 2016 01:24 AM PDT

AUD/USD Technical Analysis: Short Trade Triggered Above 0.75

Posted: 20 Jul 2016 12:51 AM PDT

The Australian Dollar issued the largest daily decline in a month against its US namesake, breaking the near-term rising trend carved from lows set after the Brexit referendum.

Nikkei 225 Technical Analysis: Recovery Might be Losing Traction

Posted: 19 Jul 2016 09:53 PM PDT

The Nikkei 225 is nudging higher but the recovery appears to be losing momentum as we approach 17,000 for possible resistance

Stronger U.K. Job/Wage Growth to Foster GBP/USD Rebound

Posted: 19 Jul 2016 09:00 PM PDT

A pickup in U.K. job/wage growth may spur a near-term recovery in GBP/USD as it dampens speculation for a meaningful easing package at the next BoE meeting on August 2.

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