Weekly Trading Forecast: Are the Dollar, Yen and Pound’s Trends Turning?

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• Weekly Trading Forecast: Are the Dollar, Yen and Pound’s Trends Turning?
• USDollar Losing Haven and Yield High Ground, NFPs and Risk Critical
• Gold Prices at Resistance into August Open- NFPs In Focus
• Yuan to Retrace on Currency Basket Re-Balancing
• Yen Strength Waxing, Dollar Strength Waning, SPX Awaits Judgement
• Canadian Industrial Production Boosts Loonie Despite Weak GDP
• Australian CPI at 17-Year Lows Further Opens Door for RBA Cuts
• Video: How the BoE Could Revive the Pound, GBPUSD Next Week
• EBA Stress Test Shows EU Bank Resilience Rises, Monte Paschi At-Risk
• USD/JPY Downside Targets in Focus Ahead of U.S. Non-Farm Payrolls
• EUR/USD Possible 14 Month Bullish Base
• USD/JPY Technical Analysis: Shocks Tend To Happen With The Trend
• NZD/USD Pending Daily Breakout
• CAC 40 Fails at Critical Resistance
• AUD/USD Technical Analysis: Hanging Below a 5 Year Trend Line
• Gold Price Regains Luster As BoJ & U.S. GDP Disappoint, Crude Oil in Support Zone
• Focus Shifts to AUD/USD Amid Bets for RBA Rate-Cut
• EUR/USD Technical Analysis: Will the Range Bound Conditions Break?
• GBP/JPY Technical Analysis: Slammed Down to Confluent Support Zone
• USD/CAD Tumbles Despite Weak Canada GDP as US Data Impacts Fed Bets
• S&P 500: Home On the Range
• US Dollar Crushed as Q2’16 GDP Disappoints Significantly
• Silver Prices: Looking to Short-term Parallels for Guidance
• EUR/USD Unfazed by Better Than Expected 2Q GDP, CPI Figures
• DAX Short-term Look: On the Edge of a Wedge

Weekly Trading Forecast: Are the Dollar, Yen and Pound’s Trends Turning? Posted: 29 Jul 2016 06:14 PM PDT The Dollar and Yen experienced sharp change in trend this past week motivated by event risk. Will these trends find momentum, and will key UK and Australian event risk ahead motivate the same for the Pound and Aussie?

USDollar Losing Haven and Yield High Ground, NFPs and Risk Critical Posted: 29 Jul 2016 06:10 PM PDT The USDollar dropped every day this past week resulting in a 1.4 percent slide and the longest series of daily losses in 15 months. That said, despite the steady tumble – punctuated by Friday’s sharp drop – the Greenback’s fundamentals still confer it a considerable air of authority.

Gold Prices at Resistance into August Open- NFPs In Focus Posted: 29 Jul 2016 05:52 PM PDT Gold prices snapped a two-week losing streak with the previous metal rallying more than 1.7% to trade at 1346 ahead of the New York close on Friday.

Yuan to Retrace on Currency Basket Re-Balancing Posted: 29 Jul 2016 05:39 PM PDT The onshore Yuan (USD/CNY) strengthened against the US Dollar for all five trading days this week, rising by +0.76% during that span of time.

Yen Strength Waxing, Dollar Strength Waning, SPX Awaits Judgement Posted: 29 Jul 2016 05:28 PM PDT From a docket of monumental event risk this past week, we ended up seeing the true impact through Friday.

Canadian Industrial Production Boosts Loonie Despite Weak GDP Posted: 29 Jul 2016 05:20 PM PDT The price of USD/CAD fell back toward the Weekly Pivot Support near 1.31/3000 on Friday when Canada released Support Raw Material Prices, but underwhelming May GDP.

Australian CPI at 17-Year Lows Further Opens Door for RBA Cuts Posted: 29 Jul 2016 05:03 PM PDT Last week we discussed the move-lower in the Australian Dollar after RBA minutes were released from the meeting in earlier July; showing that the bank may be more amenable to cutting rates should data continue to flag signs of weakness in the Australian economy.

Video: How the BoE Could Revive the Pound, GBPUSD Next Week Posted: 29 Jul 2016 05:00 PM PDT The Brexit left a permanent scar on the British Pound as well as the outlook for the UK economy and financial system.

EBA Stress Test Shows EU Bank Resilience Rises, Monte Paschi At-Risk Posted: 29 Jul 2016 04:45 PM PDT The European Banking Authority published the results of its stress test on key banks in the EU. While resilience generally improved for Europe’s banks, Italy’s Monte Paschi notably showed poorly.

USD/JPY Downside Targets in Focus Ahead of U.S. Non-Farm Payrolls Posted: 29 Jul 2016 03:10 PM PDT USD/JPY may continue to give back the rebound from the June low (98.78) amid waning expectations for a 2016 Fed rate-hike, while the Bank of Japan (BoJ) continues to endorse a wait-and-see approach for monetary policy.

EUR/USD Possible 14 Month Bullish Base Posted: 29 Jul 2016 12:33 PM PDT An inverse head and shoulders pattern is visible from the May 2015 high in EUR/USD and could launch a major advance. The objective from the pattern would be near 1.2400.

USD/JPY Technical Analysis: Shocks Tend To Happen With The Trend Posted: 29 Jul 2016 11:58 AM PDT USD/JPY Fell over 3% After the BoJ Disappointed JPY Bears. Now, the JPY has come nearly full-circle post-Brexit.

NZD/USD Pending Daily Breakout Posted: 29 Jul 2016 11:05 AM PDT As the NZD/USD bounces from support, traders may look for the pairs next breakout.

CAC 40 Fails at Critical Resistance Posted: 29 Jul 2016 10:43 AM PDT The CAC 40 has turned lower after failing at critical resistance near 4,454.00.

AUD/USD Technical Analysis: Hanging Below a 5 Year Trend Line Posted: 29 Jul 2016 09:44 AM PDT The sprint higher in AUD/USD today gives it an impulsive look and may be the last gasp prior to a sell-off. The key level to the topside is .7678.

Gold Price Regains Luster As BoJ & U.S. GDP Disappoint, Crude Oil in Support Zone Posted: 29 Jul 2016 09:37 AM PDT Gold Price Remains Comfortably Trend-Support As Markets Appear Disappointed In Both U.S. GDP And The Lack of A Bazooka from BoJ on Friday.

Focus Shifts to AUD/USD Amid Bets for RBA Rate-Cut Posted: 29 Jul 2016 08:00 AM PDT AUD/USD may threaten the bullish formation carried over from the end of May should the Reserve Bank of Australia (RBA) further embark on its easing cycle.

EUR/USD Technical Analysis: Will the Range Bound Conditions Break? Posted: 29 Jul 2016 07:51 AM PDT After today's weak US GDP reading, EUR/USD has popped into 1.1166-1.1188 resistance zone. Volume is muted while sentiment is growing suggesting the potential for a surprise move.

GBP/JPY Technical Analysis: Slammed Down to Confluent Support Zone Posted: 29 Jul 2016 06:53 AM PDT After the BoJ disappointed at their most recent meeting, the Yen found a bout of strength; but with another BoJ meeting in September, traders may be using this to position-in ahead of an anticipated increase in monetary stimulus.

USD/CAD Tumbles Despite Weak Canada GDP as US Data Impacts Fed Bets Posted: 29 Jul 2016 06:25 AM PDT Weaker than expected GDP heightens concerns about economic slowdown.

S&P 500: Home On the Range Posted: 29 Jul 2016 06:19 AM PDT Another day stuck in a historically tight trading range, looking for a break before getting involved.

US Dollar Crushed as Q2’16 GDP Disappoints Significantly Posted: 29 Jul 2016 06:05 AM PDT US GDP and Personal Consumption data missed expectations across the board, hurting the US Dollar everywhere.

Silver Prices: Looking to Short-term Parallels for Guidance Posted: 29 Jul 2016 03:56 AM PDT Silver declined off resistance, but the intra-day time-frames present points of reference moving forward.

EUR/USD Unfazed by Better Than Expected 2Q GDP, CPI Figures Posted: 29 Jul 2016 02:26 AM PDT The Euro was little changed versus other majors after today’s GDP and CPI figures were above expectations

DAX Short-term Look: On the Edge of a Wedge Posted: 29 Jul 2016 01:39 AM PDT Daily resistance is at hand, but now looking to specific short-term price action as a trigger for shorts.

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