Wednesday, August 31, 2016

AUD/USD Unispired After China PMI Data, US Jobs Report Looms

AUD/USD Unispired After China PMI Data, US Jobs Report Looms

AUD/USD Unispired After China PMI Data, US Jobs Report Looms

Posted: 31 Aug 2016 07:58 PM PDT

The Australian Dollar showed a mild reaction after better-than-expected Chinese Manufacturing PMI data crossed the wires as U.S. employment figures remain the focus in the near term.

Crude Oil Drops Most in a Month as Inventories Swell

Posted: 31 Aug 2016 05:52 PM PDT

Crude oil prices posted the largest drawdown in a month as EIA inventories data showing a larger-than-expected swell in stockpiles overshadowed supportive OPEC commentary.

August Almost Killed AUD/CHF

Posted: 31 Aug 2016 12:55 PM PDT

August represented the least volatile month so far during 2016 for AUD/CHF. Price action currently hovering above support level on symmetrical triangle. Will September test resistance levels of AUD/CHF ascending channel?

Short DAX

Posted: 31 Aug 2016 12:53 PM PDT

USD/JPY Technical Analysis: Are The Bulls Ready To Rumble?

Posted: 31 Aug 2016 12:29 PM PDT

USD/JPY has moved aggressively higher on twin fears of FOMC hikes and BoJ easing. If USD/JPY clears resistance, upside targets could get hit fast.

Short Swissy at Market

Posted: 31 Aug 2016 12:10 PM PDT

China’s Market News: Yuan Weakens, While Yield Elevates

Posted: 31 Aug 2016 11:53 AM PDT

The PBOC continued to guide Yuan rates as well as onshore borrowing rates.

USD/CHF Technical Analysis: One’s Trend is Another’s Range

Posted: 31 Aug 2016 11:51 AM PDT

Near-term price action in Swissy has been aggressively bullish, but scrolling out on the chart will highlight a longer-term range that could become workable should USD strength recede.

AUD/USD Searches for Support as NFPs Take Center Stage

Posted: 31 Aug 2016 10:59 AM PDT

A string of economic data over the next 48hrs highlights Aussie into the monthly open. Here are the updated targets & invalidation levels that matter heading into the release.

GBP/JPY Technical Analysis: Bullish Channel Runs to Resistance

Posted: 31 Aug 2016 10:45 AM PDT

After the aggressive down-trend failed to set a lower-low, price action in GBP/JPY has been getting more and more bullish, as can be seen in the 650+ pip run in the upward-sloping trend-channel.

GBP/USD Technical Analysis: Carney’s Lament

Posted: 31 Aug 2016 09:59 AM PDT

While the British Pound continues to languish near 30-year lows, a pick-up in inflationary pressure may bring on a contrarian price movement in the coming weeks.

US DOLLAR Technical Analysis: Fed Tempts Dollar Bulls To Bite

Posted: 31 Aug 2016 09:55 AM PDT

After FOMC Vice Chair Stanley Fischer said two hikes are possible in 2016, data has been strong leading to NFP, and USD is set for largest bullish move since the Brexit.

USD/ZAR Breaks Channel Resistance

Posted: 31 Aug 2016 08:29 AM PDT

USD/ZAR is breaking higher today and is pushing outside of the trend channel formed from the beginning of January 2016.

USD/CAD Eyes Topside Hurdles Following Dismal Canada GDP Report

Posted: 31 Aug 2016 08:00 AM PDT

USD/CAD may continue to take out the topside targets following the dismal GDP report as the pair carves a near-term series of higher highs & lows.

Dow Jones Industrial Average Awaits Friday’s Jobs Report

Posted: 31 Aug 2016 07:15 AM PDT

Dow Jones Industrial Average volatility is reaching multi-year lows. Volatility as measured through the average true range (ATR) is at their lowest levels since December 2014.

Gold Prices Sink to Deeper Support, is More Pain to Follow?

Posted: 31 Aug 2016 06:05 AM PDT

Gold prices have been on a rollercoaster this year, but that ride has had a bullish bias with more than 20% worth of gains the year. But with the Fed now talking up higher rates, how much deeper might prices fall?

US Dollar Eyes NFPs on Friday Following ’Goldilocks’ ADP Report

Posted: 31 Aug 2016 05:45 AM PDT

Beating expectations by just +2K, the August US ADP Employment report was ‘just right.’

USDOLLAR at Key Resistance; Euro Hurt by Slipping Inflation Data

Posted: 31 Aug 2016 05:05 AM PDT

The US Dollar has been on a nice little run, but today's data could easily shake confidence ahead of Friday's NFP report.

Silver Prices Consolidate With a Symmetrical Triangle

Posted: 31 Aug 2016 04:46 AM PDT

Silver prices are in a holding pattern, consolidating in the short term with a symmetrical triangle.

Silver Prices: Price Action Contracting, Follow the Break

Posted: 31 Aug 2016 04:06 AM PDT

Short-term triangle developing, waiting for confirmation before taking action.

USD/CAD Levels to Watch Ahead of Canada GDP, Crude Oil Inventories

Posted: 31 Aug 2016 02:53 AM PDT

The USD/CAD is trading around 1.31 as the US Dollar continues to strengthen, and the event risk ahead puts the pair in focus

DAX: Slowly Turning Higher, Line in the Sand Drawn

Posted: 31 Aug 2016 01:35 AM PDT

The DAX is slowly finding bids with clear support in place, sluggish summer trading may be the biggest immediate risk.

EUR/USD Unfazed by German Jobs Report, Euro-Zone CPI Data Ahead

Posted: 31 Aug 2016 01:25 AM PDT

The Euro was little changed versus other majors after today’s German Employment data printed better than expected figures

USD/CAD to Extend Bullish Pattern on Dismal Canada GDP Report

Posted: 31 Aug 2016 01:00 AM PDT

A sharp contraction in Canada 2Q GDP may fuel the near-term advance in USD/CAD as it puts pressure on the BoC to further support the real economy.

NZD/USD Technical Analysis: Six-Week Trend Line Broken

Posted: 31 Aug 2016 12:08 AM PDT

The New Zealand Dollar broke rising trend support set from late July, hinting a downward trend reversal against its US counterpart may be in progress.
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