Friday, September 16, 2016

Weekly Trading Forecast: Fed and BoJ Rate Decisions, Brexit Fears Carry More than Currency Risks

Weekly Trading Forecast: Fed and BoJ Rate Decisions, Brexit Fears Carry More than Currency Risks

Weekly Trading Forecast: Fed and BoJ Rate Decisions, Brexit Fears Carry More than Currency Risks

Posted: 16 Sep 2016 07:03 PM PDT

Event risk over the coming week will no doubt present a high level of volatility risk for key FX players. But, beyond the currency reactions, we will be tapping into themes essential to financial conditions.

Australian Dollar May Fall Further on Hawkish FOMC Guidance

Posted: 16 Sep 2016 07:00 PM PDT

The sentiment- and yields-sensitive Australian Dollar may fall for a third consecutive week if the FOMC delivers a hawkish monetary policy.

Dollar Climb Now in the Hands of a Heavily-Contested Fed Decision

Posted: 16 Sep 2016 06:41 PM PDT

The outlook for the Dollar through the coming week is both highly uncertain and a clear risk of extreme volatility. Regardless of asset, the lightning rod for investors ahead is the FOMC rate decision on Wednesday, September 21st.

EU’s Brexit Remarks Batter Euro and Pound, Prepare for Fed and BoJ

Posted: 16 Sep 2016 05:30 PM PDT

We ended off this past week with another surprising jolt of volatility.

Gold Prices Approaching Support Ahead of Key FOMC Rate Decision

Posted: 16 Sep 2016 05:12 PM PDT

Gold prices are lower this week with the precious metal off 1.46% to trade at 1308 ahead of the New York close on Friday.

Yuan Rates at a Crossroads Ahead of FOMC

Posted: 16 Sep 2016 04:20 PM PDT

The offshore Yuan touched the strongest level in three weeks despite no Yuan reference rate was issued by the PBOC beginning on Thursday, due to a 3-day national holiday.

Gold Appeal Rising as Fear of Risk and Failed Monetary Policy Grow

Posted: 16 Sep 2016 04:00 PM PDT

Gold is not just an asset for those that constantly forecast financial market catastrophe - though it may seem that way given their persistence.

Will Wheeler Pose a Rate Cut Now or Wait Until November?

Posted: 16 Sep 2016 03:48 PM PDT

When the RBNZ cut the overnight cash rate in August, few probably would’ve expected what would happen next.

Will Canadian GDP Highlight Continued Pressure in Exports?

Posted: 16 Sep 2016 03:34 PM PDT

The loonie is sliding, and there is no lack of reasons to blame. In fact, this week we’ve seen new worries added to the reasons for the Canadian economy’s pending weakness similar to what we’ve seen in the Mexican Peso.

GBP/USD to Shed August Rebound on Hawkish Fed Rate Decision

Posted: 16 Sep 2016 02:47 PM PDT

With market attention turning to the Federal Open Market Committee’s (FOMC) September 21 interest-rate decision, GBP/USD stands at risk of giving back the rebound from the August low (1.2854) should the fresh batch of central bank rhetoric boost expectations for a 2016 rate-hike.

August’s $10,000 Monthly Challenge Winner

Posted: 16 Sep 2016 12:00 PM PDT

FXCM and DailyFX are happy to announce the winners of August’s $10,000 Monthly Challenge!

Risk Markets on Edge Ahead of FOMC, BoJ

Posted: 16 Sep 2016 06:10 AM PDT

Next week brings two major Central Bank announcements out of the United States and Japan, and global stocks are trading cautiously in anticipation of what might take place.

Strong CPI Likely Not Enough To Trigger Fed Action

Posted: 16 Sep 2016 05:53 AM PDT

The US Dollar strengthened on a US Consumer Price Index reading higher than expected ahead of the Federal Reserve’s September meeting.

S&P 500: Bounces from Oversold, but Is It for Real?

Posted: 16 Sep 2016 05:50 AM PDT

Market bounced from oversold conditions, but still has work cut out for it to maintain the low.

Waning Fed Rate Hike Odds Point to Volatility in USD Next Week

Posted: 16 Sep 2016 05:10 AM PDT

It looks all but certain that the Federal Reserve will keep rates on hold next week.

Silver Prices: Triangle Morphs into Larger Version of Itself, Wait for the Break

Posted: 16 Sep 2016 04:37 AM PDT

Silver remains poised to make a move, technical formation reshaping first.

NZD/USD Levels to Know Ahead of US August CPI Data

Posted: 16 Sep 2016 01:54 AM PDT

The NZD/USD held key support at 0.7250 following recent US Dollar strength, and the US CPI data today is in focus ahead of FOMC

DAX: Dip Buyers at Support Under Assault

Posted: 16 Sep 2016 01:42 AM PDT

German stocks under pressure following bounce, support in the DAX looks vulnerable.

Strong U.S. Consumer Price Index (CPI) to Tame EUR/USD Resilience

Posted: 16 Sep 2016 01:00 AM PDT

A marked pickup in the U.S. Consumer Price Index (CPI) may undermine the near-term range in EUR/USD as it boosts bets for a Fed rate-hike.

US Dollar at Risk as Inflation Data Sets Stage for FOMC Meeting

Posted: 15 Sep 2016 11:52 PM PDT

The US Dollar may weaken if Augusts’ CPI data extends a recent string of disappointing news-flow, denting Fed rate hike bets ahead of next week’s FOMC meeting.

EUR/GBP Technical Analysis: Rebound Looks to be Corrective

Posted: 15 Sep 2016 11:48 PM PDT

The Euro has stalled after testing support-turned-resistance at a rising trend line that guided prices higher against the British Pound since late June.

EUR/USD Technical Analysis: Euro Still Locked in Narrow Range

Posted: 15 Sep 2016 11:31 PM PDT

The Euro is locked in a narrow range above the 1.12 figure against the US Dollar having rebounded as expected after putting in a bullish Morning Star candlestick pattern.

USD/CNH Technical Analysis: Pair Losing Ground

Posted: 15 Sep 2016 11:25 PM PDT

The USD/CNH is trading around potential support at 6.6500 after the pair lost ground following another failed attempt at 6.7

ASX 200 Technical Analysis: Index Finds Support at 5,200

Posted: 15 Sep 2016 10:41 PM PDT

The ASX 200 plunge finally came to a halt as the index found support around 5,200 but resistance looms
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