Friday, August 12, 2016

Chinese Yuan Slips After Round of Disappionting Lending, Investment Data

Chinese Yuan Slips After Round of Disappionting Lending, Investment Data

Chinese Yuan Slips After Round of Disappionting Lending, Investment Data

Posted: 12 Aug 2016 07:49 PM PDT

The Chinese Yuan edged lower versus the Dollar after China’s new lending figures declined to a 2 year low on the back of disappointing retail sales and industrial production data.

Weekly Trading Forecast: What Currencies Face Volatility Amid Low Volatility Global Markets

Posted: 12 Aug 2016 07:12 PM PDT

Activity in equities and other asset classes have ground to a halt recently. The FX market is not immune, but it has maintained a volatility advantage over its brethren. Which currencies and events can are set to stir in the week ahead?

USDollar Range to Extend Unless CPI or Fed Speakers Shift Rate Timing

Posted: 12 Aug 2016 07:08 PM PDT

Conditions are extraordinarily quiet across the financial market, and the Dollar is certainly not escaping the lethargy.

Gold Prices in Holding Pattern- Fed, Inflation Outlook in Focus

Posted: 12 Aug 2016 06:58 PM PDT

Gold prices ended the week fractionally higher with the precious metal advancing just 0.1% to trade at 1337 ahead of the New York close on Friday.

Yuan Holds the Range While Hopes of PBoC Rate Cuts Diminish

Posted: 12 Aug 2016 06:42 PM PDT

This Thursday marks the one-year anniversary of the PBOC de-pegging the Yuan from the US Dollar.

Looking for USD, JPY, GBP and AUD Opportunities Amid Extreme Quiet

Posted: 12 Aug 2016 06:35 PM PDT

This past week closed out one of the quietest trading periods in years. The S&P 500 would carve out its smallest weekly range in 15-months while volatility metrics (from VIX to ATRs) tallied more historical extremes.

RBNZ Rate Cut Fails To Derail New Zealand Dollar Trend

Posted: 12 Aug 2016 06:30 PM PDT

The New Zealand Dollar is the little (regarding relative G10 GDP) currency that could. Despite the 25bp rate cut by the RBNZ on Thursday morning, the New Zealand Dollar continues to be pushing higher.

CAD to Pare 2016 Losses on Sticky Inflation, Strong Retail Sales

Posted: 12 Aug 2016 06:21 PM PDT

The recent string of lower highs & lows in USD/CAD accompanied by the mixed data prints coming out of the U.S. raises the risk for a further decline in the exchange rate especially as economic developments coming out of Canada are anticipated to show sticky price growth paired with a pickup in private-sector consumption.

Australian Dollar May Fall as RBA Rate Cut Bets Rebuild

Posted: 12 Aug 2016 06:05 PM PDT

The Australian Dollar may decline amid rebuilding near-term RBA rate cut speculation following minutes from Augusts’ policy meeting and July’s employment data.

Selecting the Appropriate Trades for Current Market Conditions

Posted: 12 Aug 2016 05:50 PM PDT

The financial markets are extremely quiet. For many, this means sitting on the sidelines for the seemingly interminable future or otherwise forcing trades that don't fit current conditions hoping the eventually revival will be favorable.

Yen Runs to Resistance as Stimulus Bets Continue to Price-Out

Posted: 12 Aug 2016 05:17 PM PDT

The Japanese Yen has been quite the volatile currency of recent. After the Brexit referendum drove the Yen to fresh highs as risk aversion permeated through global markets, a two-week bout of weakness in the currency threatened to pose a longer-term reversal on the prospect of an even more enhanced stimulus package coming out of the Bank of Japan.

Tech Weekly: USD/CNH-One Year after the Devaluation

Posted: 12 Aug 2016 12:23 PM PDT

Indications are that short yuan (long USD/CNH although I’d argue that there are better currencies to buy against the yuan) is an exceptional long term opportunity but the acceleration phase of this rally may have to wait.

Is the downside around GBP/AUD dictaded by the slope?

Posted: 12 Aug 2016 10:50 AM PDT

GBP/AUD trading for three continues months to the downside. Last session of trading showing struggle for GBP/AUD to register meaningful advance. Lower Parallel line providing important support.

GBP/NZD Tries a 3 Year Double Bottom

Posted: 12 Aug 2016 10:11 AM PDT

Yesterday’s low of 1.7734 came within pips of the July 11 low of 1.7714 and appears to be forming a double bottom price pattern. Looking to position long on a resistance trend line break.

USD/CAD Outlook Mired by Near-Term Series of Lower Highs & Lows

Posted: 12 Aug 2016 09:56 AM PDT

USD/CAD may threaten the bullish trend from earlier this year as the pair carves a near-term series of lower highs & lows.

EUR/USD Jumps to Trend Line Resistance After Weak Retail Sales

Posted: 12 Aug 2016 09:30 AM PDT

EUR/USD has popped higher on today’s weaker than expected retail sales release. EUR/USD jumped to trend line resistance near 1.1240.

USD/JPY Technical Analysis: Sitting Heavy On Multi-Year Support

Posted: 12 Aug 2016 08:05 AM PDT

USD/JPY is quietly showing traders that the Carry Trade is dead as we knew it, and a persistent JPY strength may be here to stay.

USD/CAD Edges Higher Despite Marginal Rebound in US Consumer

Posted: 12 Aug 2016 07:48 AM PDT

Despite the limited market reaction, the tepid rebound in the U. of Michigan Confidence survey suggests U.S. household remain cautious on the economy.

USD/JPY Sinks to Support as PPI Contracts

Posted: 12 Aug 2016 07:04 AM PDT

This week brought little to markets by way of new information, but next week picks up a bit, and traders likely have the end of the month's Jackson Hole Summit circled on the calendar for August 25-27.

Dow Jones Industrial Average Stuck in a Range

Posted: 12 Aug 2016 06:25 AM PDT

Volatility in DJIA continues near 17 month lows suggesting sideways to lower trade in the near term. Looking to buy dips so long as we are above 17,800.

S&P 500: Notches New Record High, Short-term Techs in Focus

Posted: 12 Aug 2016 06:10 AM PDT

S&P closes at record highs, converging trend-lines could spark a move at some point...

US Dollar Falls As Retail Sales and Inflation Data Miss

Posted: 12 Aug 2016 05:58 AM PDT

US consumer spending and inflation data missed expectations across the board, putting downward pressure on the US Dollar.

Will US Data Help USDOLLAR Shake Off Weekly Doji?

Posted: 12 Aug 2016 05:15 AM PDT

Will today's US data break the greenback out of its week-long slumber?

Silver Prices: Smack-dab in the Middle of the Range

Posted: 12 Aug 2016 03:53 AM PDT

EUR/USD Unfazed by GDP Data as Greece and Germany Beat Expectations

Posted: 12 Aug 2016 03:13 AM PDT

The Euro was unfazed versus the US Dollar after the unchanged Euro-Zone GDP figures, but Germany and Greece beat expectations
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