Wednesday, September 14, 2016

Australian Dollar Declines After Disapointing Jobs Report

Australian Dollar Declines After Disapointing Jobs Report


Australian Dollar Declines After Disapointing Jobs Report

Posted: 14 Sep 2016 08:07 PM PDT

The Australian Dollar traded slightly lower against its US counterpart after disappointing labor-market data crossed the wires, showing the economy lost jobs in August.

Lessons from SNB’s Monetary Policy Gaff for Leveraged Global Stimulus

Posted: 14 Sep 2016 07:31 PM PDT

The Swiss National Bank's decision to suddenly drop the floor it attempted to hold on EUR/CHF stands as one of the most dramatic and destructive events in modern financial markets' history.

New Zealand Dollar Drops After Disappointing 2Q GDP Data

Posted: 14 Sep 2016 04:59 PM PDT

The New Zealand Dollar declined after second quarter GDP data disappointed relative analysts’ expectations, possibly fueling RBNZ rate cut speculation.

Yen May Rise Amid BOJ Discord, Driving GBP/JPY Lower

Posted: 14 Sep 2016 04:07 PM PDT

The Japanese Yen may validate technical cues calling for a move higher against the British Pound as currency markets lose faith in the potency of BOJ stimulus efforts.

US DOLLAR Technical Analysis: Understanding 3M LIBOR’s 7-Yr High

Posted: 14 Sep 2016 12:25 PM PDT

The global borrowing cost reference rate has increased 170% over the last year from 0.3151 to a 7-year high this week of 0.8557. Here’s what that could mean?

AUD/USD to Face Employment Report- Outlook Constructive Above 0.7380

Posted: 14 Sep 2016 12:23 PM PDT

Aussie is approaching a critical support confluence ahead of key data tonight. Here are the updated targets & invalidation levels that matter heading into the release.

USD/CHF Technical Analysis: The Range within the Range

Posted: 14 Sep 2016 12:07 PM PDT

Over the past six months a rather consistent range has developed in USD/CHF. But over the past four trading days, a shorter-term, choppier range has developed that traders may want to eschew in favor of the longer-term formation.

China’s Market News: Offshore Yuan Borrowing Cost Jumps Ahead of Chinese Holiday

Posted: 14 Sep 2016 11:30 AM PDT

A weaker Yuan fix and a soaring HIBOR add mixed moves to the offshore Yuan rate.

GBP/USD Technical Analysis: Bullishly Adhering to Fibonacci Structure

Posted: 14 Sep 2016 11:06 AM PDT

The Cable continues to show a bullish tonality with adherence to Fibonacci structure built on the post-Brexit move in the pair.

GBP/JPY & BoE: Weakness to Be Viewed as Opportunity

Posted: 14 Sep 2016 10:26 AM PDT

GBP/JPY is holding within a near-term bearish technical formation ahead of the BoE. Here are the updated targets & invalidation levels that matter.

GBP/JPY Technical Analysis: Bending Support Above the Brexit Low

Posted: 14 Sep 2016 10:09 AM PDT

With Central Bank meetings from both the U.K. and Japan on the docket for the next week, this pair is likely to see some volatility. Buckle up.

EUR/USD Breaks to New Weekly Highs

Posted: 14 Sep 2016 09:45 AM PDT

The EUR/USD has broken above resistance to push the pair to new weekly highs.

EUR/JPY Technical Analysis: Ranging within Fibonacci Structure

Posted: 14 Sep 2016 09:26 AM PDT

EUR/JPY broke out of its prior range just to move into another range; but with the BoJ on deck for next week, how long might this new range last?

CHF/JPY Cornered Between The 61.8% And The 50% Fibonacci Retracement

Posted: 14 Sep 2016 09:20 AM PDT

After Brexit, CHF/JPY failed to pose a new low. CHF/JPY getting closer to resistance inside channel line. Price action confined over the last three months between Fibonacci retracements.

Impressive 2Q New Zealand GDP Report to Fuel NZD/USD Advance

Posted: 14 Sep 2016 09:10 AM PDT

New Zealand’s 2Q Gross Domestic Product (GDP) report may fuel a larger advance in NZD/USD especially as the pair fails to test the monthly low (0.7226).

Clear Signs of Danger for US Dollar and Stocks - What to Watch Next

Posted: 14 Sep 2016 08:50 AM PDT

Retail traders have shifted gears on the US Dollar and the US S&P 500. Here are the key reasons we thing the Greenback and stock markets are a near a major turning point.

US S&P 500 Shows Clear Risk of Turn Lower

Posted: 14 Sep 2016 08:50 AM PDT

Retail CFD traders have significantly scaled back short positions on the SPX500, which tracks the US S&P 500. A contrarian view of ‘crowd’ sentiment warns stocks may be at a major turning point.

British Pound Looks likely to Hold Key Support

Posted: 14 Sep 2016 08:50 AM PDT

Retail FX traders are once again net-long the British Pound versus the US Dollar, and a contrarian view of ‘crowd’ sentiment points to further weakness.

Euro Sticks to Key Range for Now – Here’s What We’re Watching

Posted: 14 Sep 2016 08:50 AM PDT

Retail FX traders remain short the Euro versus the US Dollar and have remained short since the pair traded above the $1.10 mark through late July. A contrarian view of ‘crowd’ sentiment continues to call for further EUR/USD gains.

Retail AUD/USD Positioning Shifts- Outlook Turns Increasing Bearish

Posted: 14 Sep 2016 07:56 AM PDT

The broader outlook for AUD/USD is turning increasingly bearish as it fails to preserve the upward trend carried over from May, with the pair carving a near-term top.

Gold Prices Channel Deeper into Bull Flag Formation

Posted: 14 Sep 2016 06:51 AM PDT

Gold prices are consolidating another bullish run to further the 2016 reversal. But with a pivotal FOMC meeting just around the corner, is Gold on the cusp of another run of higher prices?

CAC 40 Declines Under 4,400

Posted: 14 Sep 2016 06:30 AM PDT

The CAC 40 continues to decline under the critical 4,400 level.

USDOLLAR Index Trapped in Range as YC Flattens, Fed Odds Ease

Posted: 14 Sep 2016 05:30 AM PDT

The USDOLLAR Index needs a driver to get out of its sideways move - data ahead of the September 21 FOMC meeting may provide a spark.

S&P 500 – Rare Oversold Reading, Search for Support Is On

Posted: 14 Sep 2016 05:24 AM PDT

S&P has yet to find firm footing, but conditions are getting ripe for a tradeable low when it does...

Gold Prices Poised for a Break Higher?

Posted: 14 Sep 2016 05:07 AM PDT

Gold prices found support yesterday near levels we highlighted on Friday. If a break above $1324 takes place, look for a test of $1348.

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