Wednesday, August 24, 2016

Gold Prices Breach Range Support Ahead of Key Yellen Speech

Gold Prices Breach Range Support Ahead of Key Yellen Speech


Gold Prices Breach Range Support Ahead of Key Yellen Speech

Posted: 24 Aug 2016 03:56 PM PDT

Gold prices broke through two-week range support on growing supply expectations. The move comes just before a potentially pivotal speech from Fed Chair Yellen.

EUR/JPY Technical Analysis: Sticking to the Range

Posted: 24 Aug 2016 11:40 AM PDT

After seeing aggressive Yen strength leading into August, EUR/JPY has built-in to a fairly consistent range over the past few weeks.

USD/JPY Risks Further Losses as FX Sentiment Holds Near 2016 Extreme

Posted: 24 Aug 2016 11:08 AM PDT

USD/JPY stands at risk for further losses especially as retail positioning remains stretched, with FX sentiment holding near the 2016 extreme.

China’s Market News: PBOC Tweaks Short-Term Credit Strategy

Posted: 24 Aug 2016 10:12 AM PDT

China’s Central Bank added liquidity through 14-day reverse repos, the first time in six months.

US Dollar at Risk of Further Losses until this Changes

Posted: 24 Aug 2016 10:00 AM PDT

Retail FX traders are heavily long the US Dollar versus the Euro, British Pound, and Japanese Yen. Is there any reason to expect it won’t continue lower?

US S&P 500 Looks to Rally Even Further

Posted: 24 Aug 2016 09:55 AM PDT

Retail CFD traders remain extremely net-short the SPX500, which tracks the fair value of the S&P E-mini futures contract, and a contrarian view of ‘crowd’ sentiment has kept us firmly bullish.

US Dollar Remains a Sell versus Japanese Yen

Posted: 24 Aug 2016 09:55 AM PDT

Retail FX traders remain extremely long the US Dollar versus the Japanese Yen, and a contrarian view of crowd positioning acts as signal the USD/JPY may continue lower.

British Pound Looks Likely to Rally Further

Posted: 24 Aug 2016 09:55 AM PDT

Retail FX traders are now net-short the British Pound versus the US Dollar for the first time since the pair set a key top near the $1.33 mark, and a contrarian view of ‘crowd’ sentiment leads us to watch for further GBP/USD gains.

Euro Forecast to Strengthen Further versus US Dollar

Posted: 24 Aug 2016 09:55 AM PDT

Retail FX traders remain heavily short the Euro versus the US Dollar as nearly two-thirds of all trades in our sample are currently short.

US DOLLAR Technical Analysis: Dollar Bid on Jackson Hole Hope

Posted: 24 Aug 2016 09:00 AM PDT

Janet Yellen will speak on Friday morning about the Fed’s Monetary Policy Toolkit as the US DOLLAR sits in the Crosshairs.

GBP/USD Technical Analysis: Cable Poses a Bullish Run

Posted: 24 Aug 2016 07:15 AM PDT

Retail traders are continuing to try to sell the Sterling despite the aggressive rip-higher over the past week. Price action appears to be nearing an important 'decision point' at the 1.3371 level.

GBP/USD Rally Presses On Resistance

Posted: 24 Aug 2016 04:06 AM PDT

After trading to new weekly highs, the GBP/USD is approaching resistance at 1.3263.

DAX: New Leg Higher or Consolidation?

Posted: 24 Aug 2016 03:43 AM PDT

Support levels are holding, but it is yet clear whether another immediate leg higher or consolidation phase is to follow.

FTSE 100 Tech Update: Constructively Declining into Support

Posted: 24 Aug 2016 01:37 AM PDT

UK index falling back into support, lack of momentum so far constructive.

USD/CAD in Focus as Crude Oil Prices Edge Lower, Inventories Data Ahead

Posted: 24 Aug 2016 01:25 AM PDT

The USD/CAD is trading near 1.29 while Crude Oil prices edge lower as we look ahead to the EIA inventory data later today

USD/CNH Technical Analysis: Focus Shifts to 6.7000 After Finding Support

Posted: 23 Aug 2016 10:23 PM PDT

The USD/CNH broke above 6.6500 and managed to hold the level on a retest, potentially implying that focus could turn to 6.7000

ASX 200 Technical Analysis: Index Pushing to The Upside

Posted: 23 Aug 2016 10:02 PM PDT

The ASX 200 is trading at possible resistance and a break higher could prove significant going forward

US Dollar May Rise Amid Pre-Positioning for Yellen Speech

Posted: 23 Aug 2016 09:18 PM PDT

The US Dollar may rise, catching up to a hawkish shift in priced-in monetary policy expectations, ahead of a speech from Fed Chair Janet Yellen on Friday.

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