Friday, July 8, 2016

Weekly Trading Forecast: Fueling Fed, Brexit and China Fundamental Speculation

Weekly Trading Forecast: Fueling Fed, Brexit and China Fundamental Speculation

Weekly Trading Forecast: Fueling Fed, Brexit and China Fundamental Speculation

Posted: 08 Jul 2016 05:21 PM PDT

This past week was concentrated on a singular event – NFPs which materially bested expectations. Ahead, we will tap into key global themes from Brexit with the BoE decision to China GDP and Eurozone stability.

Gold’s Six-Week Rally Vulnerable Post-NFP

Posted: 08 Jul 2016 05:17 PM PDT

Gold prices advanced for a sixth consecutive week with the precious metal up more than 0.9% ahead of the New York close on Friday.

To Track the Dollar, or to Track the Basket; That is the Question Around the Yuan

Posted: 08 Jul 2016 05:02 PM PDT

The onshore Yuan lost against the US Dollar for the fourth consecutive week and hit new lows at levels not seen since November 2010. As of 10:20 am EDT, the onshore Yuan (USD/CNY) dropped -0.48% to 6.6869.

Canadian Dollar Tests Support On Weak Employment And Trade Deficit

Posted: 08 Jul 2016 04:52 PM PDT

The price of USD/CAD rose back toward resistance near 1.3150/3000 on Friday when Canada released June Employment figures that underwhelmed what economists were expecting after a stellar May report.

Aussie Dollar to Mirror Risk Trends Amid Global Slowdown Fears

Posted: 08 Jul 2016 04:46 PM PDT

The Australian Dollar is likely to fall in with risk sentiment trends as markets weigh up the threat of a global economic slowdown on the heels of the UK “Brexit” referendum.

USD/JPY Risks Further Losses on Soft U.S. Data, Dovish Fed Rhetoric

Posted: 08 Jul 2016 04:40 PM PDT

Key developments coming out of the U.S. economy may largely influence the USD/JPY exchange rate over the week ahead as the economic docket remains fairly light for Japan.

While Brexit Makes the Waves, Carney Drives the Pound

Posted: 08 Jul 2016 04:28 PM PDT

The British Pound continues to get smashed in the post-Brexit environment, with this week seeing yet another +30-year low print as price action drove below the psychological 1.3000 level against the US Dollar.

USDollar Shows Little Deference to NFPs, Conviction Comes from Abroad

Posted: 08 Jul 2016 04:19 PM PDT

It would seem that the Dollar had strong fundamental fuel to revive its climb this past week, but the currency made little effort to revive its post-Brexit rally.

Is it time for MXN to make a comeback vs. US Dollar?

Posted: 08 Jul 2016 01:45 PM PDT

Mexican Peso Trades Stronger after NFP results. Negative Divergence looks positive for Mexican Peso.

EUR/USD Volatility Measure Indicates Tightly Coiled Market

Posted: 08 Jul 2016 12:57 PM PDT

52 week Bollinger Band ® width on EUR/USD is at the lower end of its historical range. Volatility is mean reverting so prepare for a change in market conditions from range to trend.

AUD/JPY to Stage Larger Recovery on Strong Australia Employment Report

Posted: 08 Jul 2016 12:40 PM PDT

The long-term outlook for AUD/JPY remains tilted to the downside as the pair largely preserves the bearish trend from 2014.

USD/JPY Sentiment Reaches Most Extreme Level Since 2012

Posted: 08 Jul 2016 09:56 AM PDT

The recent 1000 pip move lower has drawn bottom pickers to the pair. Sentiment extremes suggests further losses in the pair.

WTI Crude Oil Price Forecast: ~13% Decline Puts Fear Back In Crude Bulls

Posted: 08 Jul 2016 09:30 AM PDT

WTI Crude Oil (CFD: US Oil) Has Respected Significant Resistance ~$50/Bbl. Now The Dollar & Demand Will Tell Us If There Is More To Come.

USDOLLAR Remains Range-Bound Ahead of Fresh Fed Rhetoric

Posted: 08 Jul 2016 09:02 AM PDT

Fresh remarks from Fed officials may heavily influence the USDOLLAR next week as market participants weigh the outlook for monetary policy.

Dow Jones Industrial Average "Likes" the NFP Report

Posted: 08 Jul 2016 07:33 AM PDT

Dow Jones Industrial Average opens strong today after a better than expected jobs report. We are anticipating a break higher above 18,167.

CAC 40 Extends Gains on NFP Data

Posted: 08 Jul 2016 07:20 AM PDT

The CAC 40 is trading higher for the first day this week, and is currently up +1.33% on the session.

Blowout NFP Print Fails to Firm US Rate Hike Expectations

Posted: 08 Jul 2016 07:06 AM PDT

This morning saw the biggest beat on the headline NFP print since 2009, and yet rate expectations for the U.S. barely moved. Markets are seemingly looking for even more 'looser for longer' from the World's largest national Central Bank.

USD/CAD Edges Up as US NFPs Beat, Canadian Jobs Data Misses

Posted: 08 Jul 2016 07:00 AM PDT

The Canadian labor market made no progress in June, but the unemployment rate dropped to 6.8% nevertheless.

Best US NFPs of 2016 Means Little for US Dollar, Fed Policy Outlook

Posted: 08 Jul 2016 06:10 AM PDT

Rates markets have only priced in an additional +8% probability of a rate hike by December 2017.

GBP/JPY Pending Daily Breakout

Posted: 08 Jul 2016 05:20 AM PDT

After declining to a new monthly low, the GBP/JPY is now consolidating with a series of inside bars.

Preview for June US NFPs and Outlook for USD-pairs, Fed Policy

Posted: 08 Jul 2016 04:30 AM PDT

The US Dollar has slipped the past few days - will the March jobs report stem the bleeding?

S&P 500: Holding Short-term Trend Support Ahead of NFP

Posted: 08 Jul 2016 04:21 AM PDT

DAX: Weak Posturing on Daily Time-frame, Hourly Chart in Focus

Posted: 08 Jul 2016 03:39 AM PDT

AUD/USD Technical Analysis: Treading Water Below 0.76

Posted: 08 Jul 2016 01:32 AM PDT

The Australian Dollar is locked in a narrow consolidation range against its US namesake having managed a cautious recovery from support above the 0.73 figure.

FTSE 100: Treading Water Following Breakout

Posted: 08 Jul 2016 01:32 AM PDT
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