Friday, September 2, 2016

All Eyes on Europe for next Big Currency Moves

All Eyes on Europe for next Big Currency Moves

All Eyes on Europe for next Big Currency Moves

Posted: 02 Sep 2016 06:33 PM PDT

A volatile week of US economic data did little to answer key questions for FX markets. Attention turns to Europe for the next big market moves.

Aussie to Stage Larger Recovery on Wait-and-See RBA, Strong 2Q GDP

Posted: 02 Sep 2016 06:16 PM PDT

The near-term series of higher highs & lows in AUD/USD may gather pace next week as the Reserve Bank of Australia (RBA) is widely anticipated to retain its current policy in September, while the regions 2Q Gross Domestic Product (GDP) report is projected to highlight the fastest pace of growth since 2012.

Gold Prices to Face Central Bank Volatility as Sentiment Stretches

Posted: 02 Sep 2016 06:09 PM PDT

Gold prices softer this week with the precious metal off 0.17% to trade at 1318 ahead of the New York close on Friday. Heading into the holiday weekend the near-term risk remains for further losses before making a more significant low in early September trade.

Yuan Volatility Elevates on G-20, Heavy Data

Posted: 02 Sep 2016 06:06 PM PDT

The USD/CNH held above 6.6832 as support despite a weaker-than-expected U.S. August Non-Farm Payrolls print released on Friday. In terms of the upper band, the pair touched 6.7026 on Monday, the highest level in over a month, but failed to hold above the key resistance of 6.7000.

Yen Becomes Defensive As Central Banks Expected To Act Soon

Posted: 02 Sep 2016 05:56 PM PDT

The Japanese Yen finished last week lower against the majority of G10 FX as traders anticipate the dual Central Bank meeting of Federal Reserve and the BoJ on September.

All Eyes on ECB: Extension of QE, or just More Wait-and-See?

Posted: 02 Sep 2016 05:53 PM PDT

The European economy continues to flail, that much can be widely agreed upon without further debate. Unemployment throughout the bloc remains stubbornly above the 10% threshold, and this week, more evidence contributed to the mounting case that the March ‘bazooka’ of stimulus triggered by the ECB has yet to show any additional signs of promise for the European economy.

Is it time for GBP/JPY to let the dragon fly?

Posted: 02 Sep 2016 02:05 PM PDT

Solid bullish week for GBP/JPY. Short-term negative divergence taking place. Monthly Dragonfly candlestick pattern bringing bullish momentum to GBP/JPY.

Silver (CFD: XAG/USD) Continues To Show Signs Of Pending Bullish Breakout

Posted: 02 Sep 2016 01:45 PM PDT

US DOLLAR Technical Analysis: NFP Miss Fails To Derail Dollar Bulls

Posted: 02 Sep 2016 12:20 PM PDT

After Three Solid Above-Average Months of Job Growth, The US Employment Picture Cooled Down in August, But Some Still Believe Fed Hike Is Coming.

Technical Weekly: Timing the Crude Oil Low

Posted: 02 Sep 2016 11:27 AM PDT

Down big, sideways to up, and down big again. This is the general path that crude oil took from July 2008 to February 2016. It’s also the general path that crude took from September 1990 to November 1998.

Technical Weekly: Timing the Crude Oil Low

Posted: 02 Sep 2016 11:27 AM PDT

Down big, sideways to up, and down big again. This is the general path that crude oil took from July 2008 to February 2016. It’s also the general path that crude took from September 1990 to November 1998.

CAC 40 Breaks above 4,500

Posted: 02 Sep 2016 11:10 AM PDT

The CAC 40 has broken critical resistance to close the week at new highs.

EUR/USD Outlook Mired by Bets for ECB Adjustment

Posted: 02 Sep 2016 10:15 AM PDT

The European Central Bank (ECB) meeting on tap next week may drag on EUR/USD should the Governing Council take additional steps to support the real economy.

Slower US Jobs Growth Sends Dow Jones Industrial Average Higher

Posted: 02 Sep 2016 08:05 AM PDT

Dow Jones Industrial Average shot higher on the heels of US job growth coming in below expectations. A breakout to all-time highs signals a resumption of the uptrend.

US Dollar Tanks as August NFPs Miss, Unemployment Rate Holds Steady

Posted: 02 Sep 2016 05:59 AM PDT

Jobs growth slowed, perhaps enough to put the idea of a September rate hike to bed. But December? That’s still very much on the table.

Preview for August NFPs and Implications for USD-pairs

Posted: 02 Sep 2016 04:20 AM PDT

Any given NFP print can be overhyped, but today's in particular has significant consequences for a potential September rate hike.

S&P 500: Converging Trend-lines Offer Traders Short-term Reference

Posted: 02 Sep 2016 04:06 AM PDT

Upper and lower sloping lines present spots from which traders can operate off of as support and resistance.

AUD/USD Key Levels Heading into US NFPs With Fed Outlook in Focus

Posted: 02 Sep 2016 02:19 AM PDT

The AUD/USD is trading in a narrow range ahead of the key US employment report with Fed outlook hanging in the balance

DAX: Choppy Daily Chart, Turning to Shorter-term Development

Posted: 02 Sep 2016 01:45 AM PDT

DAX bouncing around makes for indecision, only scenarios can be drawn until we see a good price move.

EUR/USD Rebound Vulnerable to Upbeat Non-Farm Payroll (NFP) Report

Posted: 02 Sep 2016 01:00 AM PDT

The U.S. Non-Farm Payrolls (NFP) report may undermine the near-term rebound in EUR/USD should the fresh developments boost expectations for a 2016 Fed rate-hike.

EUR/GBP Technical Analysis: Two-Month Uptrend Broken

Posted: 02 Sep 2016 12:44 AM PDT

The Euro fell to a one-month low against the British Pound having established a top with the formation of a bearish Dark Cloud Cover candlestick pattern as expected.

AUD/USD Technical Analysis: Aussie May Bounce From 1-Month Low

Posted: 02 Sep 2016 12:21 AM PDT

The Australian Dollar may be preparing for a rebound against its US counterpart but overall positioning continues to favor a bearish bias.

EUR/USD Technical Analysis: Euro Rebound in the Works?

Posted: 01 Sep 2016 11:36 PM PDT

The Euro is attempting to carve out an interim bottom against the US Dollar having declined as expected following the appearance of a bearish Harami candlestick.

US Dollar Looks to Jobs Data to Confirm Hawkish Fed Rhetoric

Posted: 01 Sep 2016 10:56 PM PDT

The US Dollar may rise if an upbeat US jobs report adds fuel to swelling interest rate hike speculation in the wake of hawkish comments from Fed leadership.

Emerging Currencies Won Market Share as FX Volumes Fell, Says BIS

Posted: 01 Sep 2016 10:00 PM PDT

Emerging market currencies won greater market share at the expense of the Euro, Yen and Aussie Dollar while overall FX turnover fell according to the Bank of International Settlements.
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