Friday, August 5, 2016

Weekly Trading Forecast: NFPs Versus Stimulus Changes the FX Market’s Standings

Weekly Trading Forecast: NFPs Versus Stimulus Changes the FX Market’s Standings


Weekly Trading Forecast: NFPs Versus Stimulus Changes the FX Market’s Standings

Posted: 05 Aug 2016 07:14 PM PDT

The cumulative pressure between BoJ and BoE stimulus upgrades along with a strong US NFPs these past weeks has revived risk appetite and monetary policy advantages. Yet, can these themes survive slipping confidence?

USDollar Resuscitated by NFPs but Bulls Difficult to Keep Satisfied

Posted: 05 Aug 2016 07:07 PM PDT

The Dollar recovered from an initial slip this past week to close the period in the green. However, the fundamental cost to lift the Greenback was remarkably high. It will be difficult for the currency to keep buoyant – much less maintain the pace of the rebound – heading into the coming week.

Sense of Doubt Overpowers Conviction as S&P 500 Hits Record High

Posted: 05 Aug 2016 06:32 PM PDT

The S&P 500 closed out this past week at a fresh record high with other risk-sensitive assets basking in its lurid glow.

Video: Strong NFPs Lift Dollar and Equities, But For How Long?

Posted: 05 Aug 2016 05:51 PM PDT

The July US employment report capped a strong week for risk appetite. Following accommodative monetary policy moves by the Bank of Japan, Bank of England and Reserve Bank of Australia; the 255,000 net payrolls figure offered a sense of tangible economic improvement that was lacking in the stimulus swell.

Gold Prices Move Lower After Blowout NFP Stokes Dollar Strength

Posted: 05 Aug 2016 03:34 PM PDT

Last week ended with another bump higher in Gold prices as an abysmal U.S. GDP print brought to question the prospect of any near-term rate hikes out of the Federal Reserve.

Yuan Volatility Elevates During Heavy Week of Data

Posted: 05 Aug 2016 03:30 PM PDT

This week, both the onshore and offshore Yuan weakened against the US Dollar following the advances of the prior week.

RBA’s Lack of Dovish Forward Guidance Provides Support For AUD

Posted: 05 Aug 2016 03:23 PM PDT

The Australian Dollar touched its highest level against the U.S. Dollar on Thursday at 0.76632 since July 15 before the Statement of Monetary Policy provided little forward guidance that caused traders to take their profits.

Post-BoE GBP/USD Weakness to Persist; Downside Targets in Focus

Posted: 05 Aug 2016 03:16 PM PDT

GBP/USD stands at risk of giving back the rebound from the July low (1.2788) as the Bank of England (BoE) reverts back to its easing cycle, while positive data prints coming out of the U.S. economy boosts bets for at 2016 Fed rate-hike.

Japanese Yen May be Days Away from a Significant Break Lower

Posted: 05 Aug 2016 03:13 PM PDT

The Japanese Yen finished the week almost exactly where it began, but notable financial market volatility meant that USD/JPY price action was anything but straightforward.

Weekly Technicals: NZD/USD - Bye Bye Birdie

Posted: 05 Aug 2016 01:01 PM PDT

That recent rally in NZD/USD could result in a more bearish outcome for the bird as operations have constructed a possible head and shoulders top from the June high.

WTI Crude Oil Price Forecast: Late Oil Bounce Clouded in Doubt

Posted: 05 Aug 2016 12:25 PM PDT

WTI Crude Oil (CFD: US Oil) Has Oscillated Around Significant Support of the 200-DMA at $40.38/bbl.

NZD/USD - Bye Bye Birdie

Posted: 05 Aug 2016 12:19 PM PDT

That recent rally in NZD/USD could result in a more bearish outcome for the bird as operations have constructed a possible head and shoulders top from the June high.

Gold Prices Rejected At July Highs After Stellar NFP

Posted: 05 Aug 2016 09:30 AM PDT

The trend in Gold Price Remains Bullish. However, the Strong US Dollar on the back-to-back NFP beats is not making Gold’s Bull Run as easy as many hoped.

NZD/USD Outlook Clouded by H&S Formation Ahead of RBNZ

Posted: 05 Aug 2016 09:30 AM PDT

NZD/USD stands at risk for further losses as the pair appears to be carving a head-and-shoulders formation ahead of the RBNZ interest-rate decision.

USD/CAD Bias Higher After Ichimoku Validated As Support

Posted: 05 Aug 2016 08:50 AM PDT

Crude Ceiling at 42-43

Posted: 05 Aug 2016 07:19 AM PDT

Dollar Rips on Blowout NFP, but is this a Lasting Move?

Posted: 05 Aug 2016 07:13 AM PDT

A second consecutive blowout NFP report highlights robust strength in the U.S. Labor market, but expectations for rate hikes out from the Fed remains subdued.

CAC 40 Rebounds to End Week

Posted: 05 Aug 2016 06:55 AM PDT

The CAC 40 is set to close Friday trading higher, after rebounding from weekly lows.

USD/CAD Spikes after US NFP Beats and Canada Jobs Miss Expectations

Posted: 05 Aug 2016 06:40 AM PDT

July Canadian employment falls by -31.2K raising concerns about the labor market health.

US Dollar Surges amid Second Consecutive NFP Above +250K

Posted: 05 Aug 2016 06:07 AM PDT

The US labor report confirmed continued strength in the labor market, despite an apparent slowdown in Q1'16 and Q2'16 GDP,as job growth significantly beat expectations.

EUR/USD to Stage Near-Term Recovery on Dismal NFP Report

Posted: 05 Aug 2016 04:30 AM PDT

EUR/USD may continue to retrace the decline from earlier this year should the U.S. Non-Farm Payrolls (NFP) report drag on interest-rate expectations.

S&P 500: Back Inside Recent Range, NFP in Focus

Posted: 05 Aug 2016 04:09 AM PDT

Market movements limited, stagnant August trading, but NFP today may rustle up some volatility.

Silver Prices: Technical Outlook Ahead of US Non-Farm Payrolls

Posted: 05 Aug 2016 03:34 AM PDT

Silver recieved a short-lived bump on the BoE, next catalyst on the docket is today's U.S. jobs report.

DAX: Lift Higher Still Viewed as Counter-trend in Nature

Posted: 05 Aug 2016 01:31 AM PDT

Bounce unfolding in recent days appears likely to be short-lived.

USD/JPY Short Term Outlook and Levels to Know Ahead of US NFPs

Posted: 05 Aug 2016 01:14 AM PDT

The USD/JPY is trading sideways around 101.00 prior to July’s US NFPs as the pair looks poised for a short term technical break

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