Friday, August 19, 2016

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

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

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

Posted: 19 Aug 2016 08:00 PM PDT

Extremely thin trading for the capital markets is sidelining FX trends as well. Volatility in the majors continues to outpace its financial peers, but can Janet Yellen's remarks at the Jackson Hole Symposium leverage monetary policy speculation and turn activity to conviction and trend?

Dollar Looks to Yellen to Turn Volatility into Trend, Will She Acquiesce?

Posted: 19 Aug 2016 07:53 PM PDT

Indecision is a universal market theme. And, the Dollar has not escaped the sedation. A confluence of conviction and participation is proving exceptionally difficult to muster due to the growing sense of skepticism in fundamental value as well as the seasonal lull that we expect through the ‘Summer doldrums’

What Will it Take to Finally Kindle a SPX, USD/JPY, Dollar Move?

Posted: 19 Aug 2016 07:06 PM PDT

The juxtaposition of an extreme high for the S&P 500 or precarious position of USD/JPY to the exceptionally low levels of activity (volatility and volume) is striking.

Will Market Depth Return for Breakouts and Trends This Week?

Posted: 19 Aug 2016 06:18 PM PDT

All the sparks in the world will not create a fire without sufficient fuel. Market depth (participation) is too shallow to generate the major breakouts that so many currency pairs and asset benchmarks seem ready to trigger.

Euro Traders Look to US Dollar for Next Major Moves

Posted: 19 Aug 2016 05:36 PM PDT

The Euro surged to multi-month highs versus the US Dollar despite a fairly uneventful week for both Europe and the US.

GBP/USD, GBP/JPY, EUR/GBP Positioning Reaching Extreme Levels

Posted: 19 Aug 2016 05:16 PM PDT

Major crosses for the British Pound are seeing strong positioning going into the end of the week as DailyFX Speculative Sentiment Index shows majority of traders are long the sterling.

Australian Dollar May Fall Further on Yellen Jackson Hole Speech

Posted: 19 Aug 2016 05:03 PM PDT

The Australian Dollar vulnerable to deeper losses if Fed Chair Yellen boosts interest rate hike speculation with a much-anticipated speech at the Jackson Hole symposium.

Yuan Continues to Consolidate Ahead of G-20

Posted: 19 Aug 2016 04:45 PM PDT

This is the third week that the offshore Yuan (USD/CNH) held a tight range between 6.6220 and 6.6700; the onshore Yuan (USD/CNY) was in an even tighter range between 6.6220 and 6.6550.

Gold Prices Primed for Volatility- All Eyes on Jackson Hole

Posted: 19 Aug 2016 04:34 PM PDT

Gold prices were relatively flat this week with the precious metal up just 0.57% to trade at 1343 ahead of the New York close on Friday.

Canadian Dollar Split on Weak Data and Crude Oil’s Bull Market

Posted: 19 Aug 2016 04:25 PM PDT

The price of USD/CAD seemed to breakdown this week far past what most expected. Multiple components led to the Canadian Dollars impressive performance against the US Dollar that hit a speed bump on Friday.

Canadian Dollar Split on Weak Data and Crude Oil’s Bull Market

Posted: 19 Aug 2016 04:25 PM PDT

The price of USD/CAD seemed to breakdown this week far past what most expected. Multiple components led to the Canadian Dollars impressive performance against the US Dollar that hit a speed bump on Friday.

Clues and Hints Point to BoJ Bazooka in September: Will USD/JPY Respond?

Posted: 19 Aug 2016 04:19 PM PDT

Last week we looked at the strength in the Yen as markets continued to price-out QE hopes after the Bank of Japan failed to deliver at their July meeting. But as we’ve been noting, just because the BoJ didn’t deliver on expectations in July, this doesn’t mean that the bank is yet ‘done.’

Webinar Archive-Charting with Jamie Saettele: 8/19/2016

Posted: 19 Aug 2016 11:16 AM PDT

In his weekly webinar, Jamie Saettele takes you through the USD majors. He sees USD/CHF at a MAJOR juncture and touches on the idea of various currencies 'passing the baton' during the coming USD downtrend.

USD/CHF Peering Over the Ledge

Posted: 19 Aug 2016 10:54 AM PDT

The 5 year trendline and 200 week average combination is a major technical barrier so a break below would be a significant development for USD/CHF. In the event of a break, talk of the low .8000s is not hyperbole.

USD/CHF Technical Analysis: Bear Flag or Bullish Reversal?

Posted: 19 Aug 2016 07:06 AM PDT

The U.S. Dollar has continued to weaken throughout the week despite all the innuendo from the Fed towards future rate hikes. But is Friday's turnaround a blip in the radar, or a sign of trends to come?

CAC 40 Declines for 6th Session

Posted: 19 Aug 2016 06:06 AM PDT

After declining for its 6th session, the CAC 40 is again trading beneath its 200 Day SMA.

USD/CAD Extends Gains After Canadian CPI and Retail Sales Data Miss

Posted: 19 Aug 2016 05:44 AM PDT

Persistently weak Headline Inflation and Retail sales may fuel rate cut talks

WTI Crude Oil Price Declines Ahead of CPI Data

Posted: 19 Aug 2016 05:09 AM PDT

Crude Oil Prices are declining from their highs ahead of today's Canadian CPI data.

EUR/GBP Technical Breakout

Posted: 19 Aug 2016 04:27 AM PDT

After retracing off of new yearly highs, traders may prepare for the next breakout in the EUR/GBP.

EUR/USD Trades Back From Weekly Highs

Posted: 19 Aug 2016 04:00 AM PDT

After trading to new weekly highs, the EUR/USD is now retracing to key short term values of support.

US Dollar, Yen Surge as Market Mood Sours into the Weekend

Posted: 19 Aug 2016 02:55 AM PDT

The US Dollar is riding haven flows higher and the anti-risk Yen is not far behind as risk appetite sours across financial markets in the final hours of the trading week.

USD/CAD in Focus to Close the Trading Week With CPI Data on Tap

Posted: 19 Aug 2016 02:05 AM PDT

The USD/CAD is finding support around 1.28 after longest decline in years as we look ahead to Canadian CPI data later today

Gold Prices Unimpressed by Fed-Speak, Waiting for Yellen Speech

Posted: 19 Aug 2016 01:00 AM PDT

Gold prices were unimpressed as Fed officials attempted to unify behind a cautiously hawkish policy outlook. All eyes are now on next week’s speech fromChair Yellen.

Canadian Dollar to Extend Gains on Sticky Core Inflation

Posted: 19 Aug 2016 01:00 AM PDT

Another 2.1% print for Canada’s Core CPI may foster a further advance in the Canadian dollar as it encourages the BoC to gradually move away from its easing cycle.

USD/CNH Technical Analysis: Pair Set to Make a Decision

Posted: 18 Aug 2016 09:50 PM PDT

The USD/CNH is holding below the 6.6500 level after finding support around the July lows, and a break to either side could prove influential
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