Friday, September 30, 2016

British Pound Weakness to Abate on Less-Dovish BoE

British Pound Weakness to Abate on Less-Dovish BoE

British Pound Weakness to Abate on Less-Dovish BoE

Posted: 30 Sep 2016 08:10 PM PDT

The long-term outlook for the British Pound remains tilted to the downside as the U.K. remains on course to depart from the European Union (EU), but the bearish sentiment surrounding the sterling may abate over the remainder of the year as the Bank of England (BoE) endorses a wait-and-see approach for monetary policy.

Gold at Risk on Fed Outlook But Bank Crisis May Interfere

Posted: 30 Sep 2016 06:21 PM PDT

At first blush, the landscape looks treacherous for gold prices in the fourth quarter. Federal Reserve Chair Janet Yellen all but promised an interest rate hike at the press conference following September’s FOMC meeting.

Oil Market Looks to Benefit From First OPEC Output Cut in 8 Years

Posted: 30 Sep 2016 06:10 PM PDT

The Oil Market failed to follow through to the upside last forward and carry forward what was an impressive rebound in Q2 that saw the price rise from the February 11 low of $26.03/bbl to a high of $50.91/bbl in June.

Japanese Yen Poised to Gain Further For Three Key Reasons

Posted: 30 Sep 2016 05:52 PM PDT

The Japanese Yen heads into the end of 2016 trading near multi-year highs versus the US Dollar, and economic developments suggest the JPY may finally break the ¥100 level before the year is through.

Picking Up Pennies in Front of the Steamroller

Posted: 30 Sep 2016 05:36 PM PDT

The Federal Reserve wants to raise interest rates. At this point, that much should be clear. But this doesn’t come without costs, or risks, and the premise of removing years’ worth of accommodation and easing has produced a real quagmire of a situation at the world’s largest national Central Bank.

EUR/USD Coil Grows Tighter as Central Banks, Politicians Face Credibility Deficit

Posted: 30 Sep 2016 05:14 PM PDT

2016 started with a ‘whimper' for EUR/USD, but as we head into Q4’16, it may very-well end with a ‘bang.’

Dollar, S&P 500 and Oil Start New Week, Quarter With Tenuous Range

Posted: 30 Sep 2016 05:10 PM PDT

We closed out the week, month and quarter with the same uneasy quiet that persisted throughout the period.

Critical Technical and Sentiment Breaks in the Fourth Quarter

Posted: 30 Sep 2016 04:45 PM PDT

We have closed out one of the quietest quarters on recent record.

FX Technical Weekly: Don’t Get Caught Fading the Next EUR/USD Move

Posted: 30 Sep 2016 02:57 PM PDT

There are a number of quarterly chart observations that deserve mention as we into October, including the implications from Q3 EUR/USD range size and a USD/CHF symmetry that encompasses 31 years.

Yuan Enters SDR - Why its Reserve Currency Status Matters to Traders?

Posted: 30 Sep 2016 12:18 PM PDT

The Yuan has officially been inducted into the IMF’s SDR basket. The Yuan’s rise as a global currency is not only important to China but may also provide more opportunities for global investors.

China’s Market News: PBOC Releases New Policy Targets at 3Q Meeting

Posted: 30 Sep 2016 11:11 AM PDT

Amid the increasing risk of price bubbles in Chinese financial markets, China’s Central Bank sets new policy targets.

U.S. Dollar Consolidation - Break in Focus Heading into October Trade

Posted: 30 Sep 2016 09:18 AM PDT

The DXY looks to close the quarter within the confines of a well-defined consolidation pattern. Here are the updated targets and invalidation levels that matter heading into Q4.

Crude Oil Prices Break Higher to End Trading Week

Posted: 30 Sep 2016 09:05 AM PDT

Crude Oil prices have broken trendline resistance to close the week higher.

USD/JPY Technical Analysis: Fault Lines Are Showing Favoring JPY

Posted: 30 Sep 2016 09:00 AM PDT

Stress in bank funding is aligning with a consolidation pattern in USD/JPY. Should the stresses grow, USD/JPY could test a move below 100.

Personal Spending Drags Atlanta Fed’s Q3 GDPNow Forecast

Posted: 30 Sep 2016 08:30 AM PDT

The Atlanta Fed’s GDPNow forecasting model’s projection fell on weaker spending data.

CAC 40 Rebounds From Weekly Lows

Posted: 30 Sep 2016 07:10 AM PDT

After trading to a new weekly low, the CAC 40 rebounding to intraday resistance.

Dow Jones Industrial Average Weak in the Knees on DB Woes

Posted: 30 Sep 2016 06:25 AM PDT

With Deutsche Bank dominating the financial news concerns of insolvency are spooking investors. Wait for a range break in DJIA to dictate the next trade.

USD/CAD Slides after Canadian GDP Tops Expectations

Posted: 30 Sep 2016 06:17 AM PDT

Better than expected GDP Figures suggests economic recovery may be on course.

Top Three Themes for Global Markets as We Approach Q4

Posted: 30 Sep 2016 06:16 AM PDT

With the third quarter set to close at the end of today, we're taking a look at what could be three of the most pertinent themes for global markets in Q4.

Looking Ahead to Q4, Volatility for EUR, USD, GBP Seems Certain

Posted: 30 Sep 2016 06:04 AM PDT

The US data today will do little to change Fed rate expectations, but Q4 should change the complacent state of the market.

S&P 500 & Nasdaq 100 Finding Support in Face of DB Fears

Posted: 30 Sep 2016 04:52 AM PDT

Markets holding support despite negative sentiment out of Europe, short-term levels highlighted.

USD/CAD in Focus Ahead of Canada GDP and US PCE

Posted: 30 Sep 2016 02:32 AM PDT

The USD/CAD is trading higher as oil prices nudge lower alongside stocks on Deutche Bank concerns, Canada GDP and US PCE in focus

The DAX Cracks, Deutsche Bank Hammering Continues

Posted: 30 Sep 2016 01:49 AM PDT

Deutsche Bank getting slammed this morning, pushes market sharply lower.

EUR/USD Technical Analysis: Near-Term Bias Remains Bearish

Posted: 30 Sep 2016 01:48 AM PDT

The Euro has struggled to build lasting downside momentum after topping below the 1.14 figure as expected having formed a Harami candlestick pattern.

US Dollar to Join Yen Rally as Deutsche Bank Sours Sentiment

Posted: 30 Sep 2016 12:44 AM PDT

The US Dollar is set to join the Japanese Yen on the upside as insolvency fears plaguing Deutsche Bank heat up, triggering market-wide risk aversion.
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