Tuesday, August 2, 2016

Australian Dollar Steady after China PMI Shows Service Sector Cooling

Australian Dollar Steady after China PMI Shows Service Sector Cooling


Australian Dollar Steady after China PMI Shows Service Sector Cooling

Posted: 02 Aug 2016 08:24 PM PDT

The Australian Dollar was still feeling the RBA influence as it held steady following the release of China’s Caixin services PMI report showed a cooling of the government’s target sector in July.

Have S&P 500 and Risk Finally Turned, Will USD/JPY Break 100?

Posted: 02 Aug 2016 07:41 PM PDT

Global equities, fashionable high risk assets (emerging markets, high-yield fixed income, etc), commodities and Yen crosses all marked significant declines this past session.

Video: What EUR/USD and the Majors Say About USDollar’s Tumble

Posted: 02 Aug 2016 07:19 PM PDT

Since last week, the Dow Jones FXCM Dollar Index (ticker = USDollar) has tumbled approximately 2 percent.

EUR/USD: Looking for Opportunities to Buy Dips Heading Into U.S. ISM

Posted: 02 Aug 2016 12:03 PM PDT

The technical outlook remains constructive ahead of key U.S. economic data this week. Here are the updated targets & invalidation levels that matter into the releases.

DailyFX Technical Focus: GBP/USD Taking off From Support

Posted: 02 Aug 2016 11:36 AM PDT

BoE is in 2 days and GBP/USD has turned up from well-defined long term and short term support levels.

USDOLLAR – Beginning of the End

Posted: 02 Aug 2016 10:47 AM PDT

Crude – Doha Low is Next at 37.59

Posted: 02 Aug 2016 10:47 AM PDT

Gold Price Trades above Long Term Trendline

Posted: 02 Aug 2016 10:47 AM PDT

USD/CHF Trendline is Near .9540

Posted: 02 Aug 2016 10:47 AM PDT

USD/CAD Pulls back From Range Highs

Posted: 02 Aug 2016 10:47 AM PDT

USD/JPY Slammed Back to 2014 Base

Posted: 02 Aug 2016 10:47 AM PDT

NZD/USD Still Pressing against Big 2015 Levels

Posted: 02 Aug 2016 10:47 AM PDT

AUD/USD – Huge Test Coming Up

Posted: 02 Aug 2016 10:47 AM PDT

GBP/USD Still Acting Well at Long Term Support

Posted: 02 Aug 2016 10:47 AM PDT

EUR/USD Could React Near Channel Line Just Under 1.1300

Posted: 02 Aug 2016 10:47 AM PDT

EUR/JPY Into the Gauntlet- Chasm of Support Awaits

Posted: 02 Aug 2016 10:35 AM PDT

EURJPY is approaching near-term support targets with the immediate short-bias at risk while above 112.72. Here are the updated targets & invalidation levels that matter.

China’s Market News: Investors Worry about Strict Rules on Stocks, PE

Posted: 02 Aug 2016 10:13 AM PDT

Tightened rules on China’s equity markets have raised domestic concerns around investment. On the other hand, loosened rules on Yuan-denominated bonds are being welcomed by foreign purchasers.

August Seasonality Sees Worst Month of Year for S&P 500, Rebound in USD

Posted: 02 Aug 2016 09:00 AM PDT

Twenty-year seasonality trends bode poorly for risk, and after the last few days of US economic data, the US Dollar outlook is in question.

EUR/USD Trades Above 1.1200 on Positive PPI Data

Posted: 02 Aug 2016 08:31 AM PDT

The EUR/USD trades back above 1.1200 after PPI data prints better than expected. Next daily resistance is found at 1.1286 for the pair.

NZD/USD to Extend Gains on Strong New Zealand Wage Growth

Posted: 02 Aug 2016 07:48 AM PDT

A pickup in New Zealand wage growth may fuel a larger advance in NZD/USD as it raises the RBNZ’s scope to retain the status quo at the August 11 interest-rate decision.

Oil Becomes a Bear as the Yen Stages Another Surge

Posted: 02 Aug 2016 06:11 AM PDT

Cratering Oil prices were a huge macro concern at the beginning of the year, and over the last week we've seen a big move lower as Oil prices have moved into 'technical bear market' territory.

CAC 40 Continues to Slide From Resistance

Posted: 02 Aug 2016 06:10 AM PDT

The CAC 40 continues to trade lower, after being rejected at 4,454.00.

Sticky U.S. PCE Spurs Limited Reaction as NFP Takes Center Stage

Posted: 02 Aug 2016 06:07 AM PDT

Despite the ongoing expansion in US Personal Spending, there was a limited reaction to the report as market attention turns to the highly anticipated NFP report.

S&P 500: Fake-out Breakout Could Spell Trouble

Posted: 02 Aug 2016 05:17 AM PDT

Market failed to move higher out of range, increases likelihood of a down-side break.

USDOLLAR Losing Traction as JPY Rallies on Stimulus Letdown

Posted: 02 Aug 2016 05:00 AM PDT

The US Dollar is back at its post-Q2'16 GDP report lows.

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