Wednesday, September 28, 2016

Oil Prices Surge on OPEC Deal, Dollar Weathers Fed Talk

Oil Prices Surge on OPEC Deal, Dollar Weathers Fed Talk

Oil Prices Surge on OPEC Deal, Dollar Weathers Fed Talk

Posted: 28 Sep 2016 07:13 PM PDT

Another fundamental event has generated an inordinately large volatility response from a particular corner of the market, and again broader conditions have checked its development.

Atlanta Fed Lowers 3Q GDP Forecast on Investment Growth Downgrade

Posted: 28 Sep 2016 06:00 PM PDT

US economic growth will be slower than previously expected in the third quarter following downgrades of domestic investment growth forecasts, according to the Atlanta Fed.

Oil Rallies and USD/CAD Tanks As OPEC Announces Output Cap Plans

Posted: 28 Sep 2016 01:30 PM PDT

US Crude Oil prices rallied and the Canadian Dollar strengthened on news of a supposed OPEC agreement to freeze production in November.

EUR/JPY Technical Analysis: Another Test of Confluent Support

Posted: 28 Sep 2016 12:15 PM PDT

EUR/JPY is continuing to catch support near a confluent batch of Fibonacci levels in the 112-region; but will the longer-term, bigger picture channel come into play before support can respond?

GBP/JPY Technical Analysis: Three Strikes of Support

Posted: 28 Sep 2016 11:35 AM PDT

GBP/JPY has fallen down to a familiar level of support, with the last two instances of price action in this zone seeing rallies of over 1,300 pips and 970 pips respectively.

Gold Prices Rebound After Yellen’s Testimony Concludes

Posted: 28 Sep 2016 11:15 AM PDT

Gold prices are rebounding from their daily lows as Yellen concludes her testimony before Congress.

USD/CHF Technical Analysis: Range within a Range, part 2

Posted: 28 Sep 2016 10:49 AM PDT

The Swissy is fairly directionless, just as it was last month and the month before. But that may not be a 'bad' thing.

China’s Market News: PBOC Steadies Guidance on Yuan ahead of SDR Entry

Posted: 28 Sep 2016 10:38 AM PDT

China’s Central Bank signals intention to stabilize Yuan rates before the currency’s official SDR inclusion.

AUD/USD Pending Breakout

Posted: 28 Sep 2016 10:13 AM PDT

After trading higher to start the week, the AUD/USD has paused with the creation of an inside bar.

GBP/USD Technical Analysis: Higher-Lows in Post-Brexit Range

Posted: 28 Sep 2016 10:03 AM PDT

The British Pound is working with a major psychological level right now at 1.3000, but are the higher-lows of July and August trying to tell us something?

AUD/USD Stuck in Holding Pattern; NZD/USD Bearish Pattern Persists

Posted: 28 Sep 2016 09:06 AM PDT

AUD/USD may continue to consolidate within a narrow range as the pair appears to have made a failed attempt to test the monthly opening range.

Price Action Setups for a Meandering Dollar

Posted: 28 Sep 2016 06:20 AM PDT

The US Dollar has spent much of 2016 building into a longer-term symmetrical wedge pattern. With Five Fed speakers on the docket for today, might markets find enough innuendo to run?

US Dollar May See Some Turbulence with 5 Fed Speakers Today

Posted: 28 Sep 2016 05:17 AM PDT

While four FOMC voting members are speaking today (and one non-voter), there are only two that are really worth paying attention to.

Silver Prices Looking to Hold Support, Monitoring Gold Closely

Posted: 28 Sep 2016 05:01 AM PDT

Silver dove down into support area, looking for a hold along with gold.

US Dollar May Rise as Hawkish Fed Comments Boosts Rate Hike Bets

Posted: 28 Sep 2016 03:02 AM PDT

The US Dollar may rise as hawkish comments from Fed Chair Yellen and other central bank officials fuel December interest rate hike speculation.

FTSE 100: Bullish Pattern Could Emerge

Posted: 28 Sep 2016 01:38 AM PDT

UK stocks could rally if a certain pattern-type fully develops.

Gold Prices Drop on Easing Deutsche Bank Jitters, Fed-Speak in Focus

Posted: 28 Sep 2016 01:18 AM PDT

Gold prices fell as Deutsche Bank shares recovered, seemingly reflecting ebbing credit risk. Hawkish Fed commentary may compound selling pressure.

Dismal U.S. Durable Goods Report to Spark EUR/USD Rebound

Posted: 28 Sep 2016 01:00 AM PDT

A marked slowdown in demand for U.S. Durable Goods may spark a near-term rebound in EUR/USD as signs of a slowing recovery drag on interest-rate expectations.

Unusual US Presidential Election Risk for Dollar and S&P 500

Posted: 27 Sep 2016 09:59 PM PDT

There is a lot of hype around the economic and financial disaster that can befall an economy if the wrong candidate is voted into office.

Will a Gaggle of Fed Speakers Move Dollar, Rate Expectations?

Posted: 27 Sep 2016 09:33 PM PDT

Event risk continues to stuff the headlines, but the markets remain immune to the dire interpretations given through the ticker.
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