Friday, July 22, 2016

USDollar Looks to Fed, US GDP, Struggling Euro and Yen to Guide It

USDollar Looks to Fed, US GDP, Struggling Euro and Yen to Guide It

USDollar Looks to Fed, US GDP, Struggling Euro and Yen to Guide It

Posted: 22 Jul 2016 08:05 PM PDT

The USDollar has advanced for five consecutive weeks – although the pace hardly resembles the unconstrained bull trend through the first quarter of 2015.

Strategy Video: How Equity Highs and Volatility Lows Belie Anxiety

Posted: 22 Jul 2016 06:33 PM PDT

Does a record high from the S&P 500 reflect robust investor confidence? Similarly, does an exceptionally low volatility level from the VIX ensure steadfast market conditions through the near future?

Dollar, Euro and Yen Face Overwhelming Event Risk Next Week

Posted: 22 Jul 2016 06:20 PM PDT

Investor sentiment seemed to end this past week with a sense of levity as the S&P 500 ended just off record highs and the Dollar advanced to a five-month high of its own.

Yuan Stays in Range on PBOC Guidance

Posted: 22 Jul 2016 05:49 PM PDT

Both the onshore and offshore Yuan rates failed to hold above the key resistance level 6.70, falling below the 6.6800-handle this week.

USD/JPY July Recovery at Risk on Wait-and-See FOMC/BoJ Policy

Posted: 22 Jul 2016 05:44 PM PDT

The diverging paths between the Federal Open Market Committee (FOMC) and the Bank of Japan (BoJ) may encourage market participants to adopt a long-term bullish bias for USD/JPY, but the fresh batch of central bank rhetoric may heavily impact the near-term outlook should the policy statements show a greater willingness to retain the status quo.

Gold Prices Vulnerable Ahead of FOMC / July Close

Posted: 22 Jul 2016 05:27 PM PDT

Gold prices are weaker for a second consecutive week with the precious metal off by more than 1% ahead of the New York close on Friday.

Aussie Drops on RBA Minutes, Inflation to Provide Directional Cues

Posted: 22 Jul 2016 05:17 PM PDT

The Australian Dollar has put in a sizeable reversal of the prior bullish trend this week, falling by as much as 234 pips or 3% against the US Dollar from last Friday’s high.

FX Weekly Technicals: EUR/USD 1.0870/80 Could Be Big

Posted: 22 Jul 2016 12:03 PM PDT

Strength above 1.1185 would suggest that the upside is viable in EUR/USD. Until then, there is nothing bullish to work with on the near term charts but be aware of 1.0870/80 as a reaction level.

Charting the Markets with Jamie Saettele: 7/22/2016

Posted: 22 Jul 2016 11:17 AM PDT

Highlights from the past week include EURUSD breaking out from a historically tight 20 day range and USDCAD breaking out from its multi-month consolidation.

AUD/USD Quietly Coils Together 2 Bearish Patterns in a Row

Posted: 22 Jul 2016 10:14 AM PDT

After a strong sell off in 2013-2015, AUD/USD began to consolidate those losses in September 2015. For the past 3 months, it has quietly carved two bearish patterns offering a short opportunity.

WTI Crude Oil Price Forecast: Late Week Breakout Exposes New Lows

Posted: 22 Jul 2016 09:40 AM PDT

WTI Crude Oil prices are breaking lower after a significant period of consolidation.

USD/JPY Chops in Corrective Fashion; Eyes BOJ Next Week

Posted: 22 Jul 2016 08:51 AM PDT

BOJ meets at the end of next week and there is an anticipation of more stimulus arriving out of Japan. Should helicopter money (or other stimulus) be disbursed, USD/JPY may take flight.

USD/JPY Closes the Week with Consolidation

Posted: 22 Jul 2016 08:50 AM PDT

After breaking to a new monthly high, the USD/JPY is closing the week with an inside bar.

EUR/USD, NZD/USD at Key Support Ahead of Next Week’s FOMC

Posted: 22 Jul 2016 07:00 AM PDT

Next week brings another FOMC meeting, and as stock prices have surged to even-higher all-time-highs, we may be in front of another pivot in the bank's stance towards future hikes.

CAC 40 Trades Sideways Into the Weekly Close

Posted: 22 Jul 2016 06:20 AM PDT

The CAC 40 is little changed, and has failed to make significant progress in this week’s trading.

Rising Fed Hike Odds Lift US Dollar; USD/CAD Breakout on Hold Post-Canadian Data

Posted: 22 Jul 2016 06:15 AM PDT

The USDOLLAR Index breakout is gathering steam, but broad US Dollar strength, there is not.

S&P 500: Market Conditions Ripe for a Decline, Price Confirmation Needed

Posted: 22 Jul 2016 05:42 AM PDT

The market is showing signs of vulnerability, but price action yet to provide sell signal.

Silver Prices: Holds Support, but Not Buying It Yet

Posted: 22 Jul 2016 03:57 AM PDT

Silver bounces off support, but short-term trend structure and market positioning keeps it pointed lower for now.

USD/CAD in Focus With Canadian CPI Data Expected to Slow Ahead

Posted: 22 Jul 2016 03:25 AM PDT

The USD/CAD is in focus on possible implications of CPI data for BoC outlook, while Oil continues to pressure the Loonie

EUR/GBP Technical Analysis: Forming Head and Shoulders Top?

Posted: 22 Jul 2016 02:31 AM PDT

The Euro may be carving out a top against the British Pound after rising to the highest level in three years in the wake of last month’s UK Brexit referendum.

Euro Slightly Higher, British Pound Tumbles After Post-Brexit PMIs

Posted: 22 Jul 2016 02:01 AM PDT

The Euro was slightly higher versus the US Dollar, while the British Pound plunged as the first post-Brexit PMIs hit the wires

DAX: Fails to Hold Above Monday Reversal High, Short-term Formation in Sights

Posted: 22 Jul 2016 01:04 AM PDT

The DAX still remains in a short-term uptrend, but that could change quickly if certain developments unfold.

USD/CAD to Mount Larger Advance on Slowing Canada Inflation

Posted: 22 Jul 2016 01:00 AM PDT

A further slowdown in Canada’s headline & core rate of inflation may fuel a further advance in USD/CAD as it fuels bets for additional monetary support.

Crude Oil, Gold Prices Look to European PMI Data for Direction

Posted: 22 Jul 2016 12:43 AM PDT

Crude oil and gold prices are looking to European PMI surveys to gauge the degree of post-Brexit slowing in economic activity on both sides of the English Channel.

Euro, Pound May Fall as Yen Gains on Post-Brexit PMI Data

Posted: 21 Jul 2016 11:21 PM PDT

The Euro and British Pound may fall while the Japanese Yen gains as PMI surveys reveal the degree of post-Brexit slowdown in the UK and the Eurozone.
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