The news

GBP/USD Declines on BOE Rate Decision

2016/9/15 19:37 Source
The GBP/USD has moved to support near 1.3198 as the BOE keeps rates flat at 0.25%.

US Dollar Drops as Retail Sales Spell Doubt For Q3 GDP Expectations

2016/9/15 16:45 Source
Retail Sales disappointed for the second month in a row in Q3’16, creating doubt on expectations of strong consumer spending for this quarter.

GBP/USD Volatile as BOE Opts for Status Quo, Could Cut in November

2016/9/15 15:40 Source
The British Pound was volatile versus other majors after the BOE kept policy unchanged, reiterated cautions outlook, but now expects less slowing

BOE Hints at Rate Cut Potential; USD Finally Sees Important Data

2016/9/15 15:40 Source
GBP/JPY and GBP/USD breakdowns seem more probable now that the BOE has reminded everyone where it stands on monetary policy.

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

2016/9/15 14:27 Source
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.

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

2016/9/15 14:27 Source
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).

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

2016/9/15 12:06 Source
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.

EUR/JPY Technical Analysis: Ranging within Fibonacci Structure

2016/9/15 08:12 Source
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?

EUR/USD Breaks to New Weekly Highs

2016/9/15 06:01 Source
The EUR/USD has broken above resistance to push the pair to new weekly highs.

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

2016/9/15 06:00 Source
GBP/JPY is holding within a near-term bearish technical formation ahead of the BoE. Here are the updated targets & invalidation levels that matter.

USD/CHF Technical Analysis: The Range within the Range

2016/9/15 04:07 Source
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.

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

2016/9/15 04:07 Source
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.

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

2016/9/15 04:03 Source
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?

NZD/USD: Bearish Bias Intact as FX Sentiment Narrows Ahead of GDP

2016/9/14 23:00 Source
Kiwi is under pressure after breaking key support today in New York. Here are the updated targets & invalidation levels that matter heading into tomorrow’s GDP release.

Crude Oil Prices Fall as IEA Report Hints Glut to Continue

2016/9/14 22:40 Source
Crude oil prices fell after the International Energy Agency downgraded expectations for demand while projecting an output pickup in its monthly report.

British Pound Unlikely to Heed UK Jobless Claims Data

2016/9/14 21:28 Source
The British Pound is likely to overlook the release of UK jobless claims data considering the outcome’s limited impact on near-term BOE policy trends.

NZD/USD Technical Analysis: 3-Month Trend Support at Risk

2016/9/14 21:00 Source
The New Zealand Dollar declined against its US counterpart after the formation of a Bearish Engulfing candlestick pattern, as expected.

USD/CAD Outlook as Crude Oil Prices Hold Support, Inventories Data Ahead

2016/9/14 20:58 Source
The USD/CAD is trading near its range highs with sentiment most extreme since January, crude oil inventories in focus ahead

GBP/USD Slightly Higher on Resilient UK Employment Figures

2016/9/14 19:38 Source
The British Pound was slightly higher versus other majors after UK employment data printed mixed figures, labor market looks resilient

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

2016/9/14 19:07 Source
S&P has yet to find firm footing, but conditions are getting ripe for a tradeable low when it does...

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

2016/9/14 19:07 Source
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.

Retail AUD/USD Positioning Shifts- Outlook Turns Increasing Bearish

2016/9/14 18:47 Source
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.

Risk Starts Week Lower as USD, JPY Gain Traction

2016/9/14 11:02 Source
There are three Fed speakers on the calendar today, but you only need to pay attention to one of them.

Webinar: FX Majors In the Crosshairs as Seasonals Turn Against USD

2016/9/14 09:48 Source
Webinar highlighting featured setups we’re tracking on SB Trade Desk. Here are the updated targets & invalidation levels that matter this week.

GBP/USD Risks Larger Recovery Ahead of BoE Meeting on Sticky UK CPI

2016/9/14 09:48 Source
Signs of sticky UK inflation may encourage a larger recover in GBP/USD as the BoE remains reluctant to implement a zero-interest rate policy (ZIRP).

China’s Market News: PBOC Unleashes New Credit Tool to Curb Leverage

2016/9/14 09:48 Source
China’s Central Bank inquired the demand for 28-day reverse repos on Monday after a seven-month hiatus, a move that is more than to add liquidity.

GBP/USD: Constructive Above 1.3155- Buy the Dip Setup into UK CPI

2016/9/14 09:48 Source
Cable remains within a bullish technical formation heading into UK data tomorrow. Here are the updated targets & invalidation levels that matter heading into the release.

COT-Biggest Change in Crude Positioning in 8 Years

2016/9/14 09:48 Source
The 1 week change in aggregated commercial and speculative crude oil positions was the largest since January 2008. The extreme warns of a price low.

USD/JPY Brushes Off BSI Data as Fed Rate Hike Bets Remain Focus

2016/9/14 09:48 Source
The Yen showed a tepid reaction against the US Dollar as recent dovish Fed commentary appeared to overshadow improved Japanese business surveys.

Crude Oil Eyes API Data After Selloff Stalls on OPEC Deal Hopes

2016/9/14 09:48 Source
Crude oil prices bounced after dipping back below the $45/barrel figure as OPEC stoked hopes that an output freeze deal will emerge from a meeting in Algiers this month.

Firming U.K. Consumer Price Index (CPI) to Fuel GBP/USD Recovery

2016/9/14 09:48 Source
A marked pickup in U.K. inflation may fuel the near-term recover in GBP/USD as the BoE appears to be in no rush to further embark on its easing cycle.

Pound May Ignore UK CPI Data as Euro Falls on German ZEW Miss

2016/9/14 09:48 Source
The British Pound may ignore an uptick in UK CPI while the Euro may decline if Germany’s ZEW survey of analyst confidence falls short of expectations.

AUD/USD Technical Analysis: Aussie Rejected at 0.77 Figure

2016/9/14 09:48 Source
The Australian Dollar faltered at familiar resistance near 0.77 against its US counterpart having rebounded as expected after forming a Morning Star candlestick pattern.

GBP/USD Down, But Quickly Recovers After UK August CPI Miss

2016/9/14 09:48 Source
The British Pound was little changed versus other majors after an initial drop following today's lower than expected inflation figures

EUR/USD Unfazed by Slight Increase in Euro-Zone ZEW Survey

2016/9/14 08:56 Source
The Euro was little changed versus other majors after the Euro-Zone ZEW Survey rose slightly in September

Gold Prices Fail To Mount Significant Rebound

2016/9/14 06:01 Source
Monday’s rebound in Gold prices appears short lived, as Gold moves back towards values of support.

It’s Not Panic if You’re the First One Out the Door

2016/9/14 01:37 Source
Since the Global Financial Collapse equity markets around the world have been supported by loose and fast monetary policy. But what happens when policy shifts and Central Banks are no longer supporting those risk markets?

Monday’s Range in Dow Jones Industrial Average Defines the Trend

2016/9/13 20:56 Source
It has been a wild two days for Dow Jones Industrial Average. After falling 2.2% on Friday, prices pivoted and increased 297 points from Monday's open to close.

Persistent Net-Long USD/JPY Positioning Instills Bearish Outlook

2016/9/13 19:12 Source
Even though open interest narrows ahead of the key U.S. data prints, retail position appears to be getting stretched again as 74% of traders are long USD/JPY.

Crude Oil Price Forecast: IEA Supply Surplus Weighs on Crude

2016/9/13 19:10 Source
WTI Crude Oil (CFD: US Oil) Has Continued To Struggle Below Well-Defined Resistance As a New IEA Report States The Market With Taking Longer to Rebalance Than Forecasted.

Euro Weakness May be Forthcoming as ECB Signals More Easing to Come

2016/9/12 05:33 Source
ECB President Mario Draghi made clear at the press conference on Thursday that a number of steps will be taken to determine if it’s necessary to tweak the QE program. Newsflash: it’s already necessary. Mark your calendar for a rate cut by December.

Markets Close on Extreme Volatility with Dollar, Yen and Gold Transfixed

2016/9/11 01:38 Source
A tumble in capital markets and rise in the Dollar to close this past week has set traders' fear and speculation alight. Is a seismic market move underway or is this nervous energy after a long bout of quiet?

Technical Weekly: EUR/USD Consolidation is Longest in its History

2016/9/10 15:25 Source
How much stored potential energy is there in EUR/USD right now? The most ever, according to one measure.

What Kind of Dollar Rally Arises from ’Hike of Necessity’, Full Risk Off?

2016/9/10 13:13 Source
The Dollar – like most other markets’ benchmarks – has caught a glimpse of volatility after the seasonal transition, but still trades in a broader range.

British Pound Teeters but isn’t done Rallying Just Yet

2016/9/10 12:42 Source
The British Pound matched its highest levels since the UK Referendum on the heels of strong industry survey data, but a late-week US Dollar recovery meant the GBP/USD finished lower for the first week in three.

USD/JPY Short-Term Recovery to Gain on Upbeat US Data, Hawkish Fed

2016/9/10 06:14 Source
The key developments coming out of the U.S. economy may drive USD/JPY higher next week as Federal Reserve officials talk up bets for a 2016 rate-hike, while the Bank of Japan (BoJ) remains under pressure to further embark on its easing cycle as the central bank prepares its ‘comprehensive assessment’ of the economy.

Gold Seasonality Favors Higher Prices- US CPI, Fed Speak in Focus

2016/9/10 05:42 Source
Gold price are marginally firmer this week with the precious metal up 0.43% to trade at 1331 ahead of the New York close on Friday.

USD/CNH Eyes Upper Bounds on Fed Hike Odds

2016/9/10 05:10 Source
The volatility in Yuan rates elevated this week: the USD/CNH broke the support of 6.6832 that was held last week and found new support around 6.6650.

Australian Dollar May Suffer Deeper Losses on Fed Rate Hike Bets

2016/9/10 04:38 Source
The Australian Dollar may suffer deeper losses as swirling Fed rate hike speculation undermines the relative appeal of the yield-sensitive currency.

USD/CAD Trades Higher Despite Jobs Growth Picking Up in Canada

2016/9/09 21:22 Source
A pick up in hiring may reinforce sentiment that the Canadian economy is due to rebound in the second half, after low energy prices and natural disasters wreaked havoc in early-2016.

Dow Jones Industrial Average Falls Towards Key Level 18,295

2016/9/09 21:18 Source
Fed rate hike expectations remain stuck at last week's levels. DJIA price range remains stuck above 18,295.

USD/JPY Bullish Pattern Persists as Japan Officials Favor BoJ-Easing

2016/9/09 20:50 Source
USD/JPY may continue to grind higher ahead of the BoJ’s September interest-rate decision as Japanese officials call for additional monetary support.

Gold Prices May Retreat as Fed Officials Stoke Rate Hike Bets

2016/9/09 15:40 Source
Gold prices may retreat after testing chart resistance as hawkish comments from Federal Reserve officials rekindle interest rate hike speculation.

ASX 200 Technical Analysis: 5,300 in Focus as Buyers Lose Support

2016/9/09 15:38 Source
The ASX 200 lost the 5,380 support to reenter a longer term range area which might shift focus to 5,300

USD/CNH Technical Analysis: Tug of War Below 6.7000

2016/9/09 15:37 Source
The USD/CNH has found short term support to mount what appears to be another attempt at 6.7

US Dollar May Rise as Fed-Speak Fuels Rate Hike Speculation

2016/9/09 15:35 Source
The US Dollar may rise against its major currency counterparts as hawkish comments from Fed officials stoke near-term interest rate hike speculation.

Rosy Canada Employment Report to Curb USD/CAD Rebound

2016/9/09 15:35 Source
A marked rebound in Canada Employment may undermine the near-term rebound in USD/CAD as it casts improved outlook for growth and inflation.

GBP/USD Little Changed as UK Trade Deficit Narrowed Post-Referendum

2016/9/09 15:35 Source
The British Pound was little changed versus other majors after today’s trade balance data, as UK’s deficit narrowed in July

WTI Crude Oil Price Forecast: Prepare for Next Weeks Breakout Now

2016/9/09 15:00 Source
Crude Oil Prices have closed lower after putting in a new weekly high at $47.71. Traders may use this value to plan for the markets next breakout.

Crude Oil Prices Rally as US Inventories Show Biggest Drop in 15 Years

2016/9/09 07:02 Source
Crude oil prices spiked approximately 2.3 percent this morning following reports of the largest recorded single-week drop in US inventories since the first week of 1999.

Silver Prices: Confluence of Resistance Turns into Lone Levels of Support

2016/9/09 03:55 Source
Silver takes out resistance, looking for a hold of support levels and dollar weakness as a potential tailwind.

Low Bar Set by ECB - EUR Inching Higher as USD Sets Fresh Lows

2016/9/09 03:55 Source
Low expectations are the key to happiness - will the ECB please markets today?

Euro Takes A Wild Ride As ECB Keeps Interest Rates Unchanged

2016/9/09 03:51 Source
The European Central Bank (ECB) kept its interest rate unchanged at its September meeting but suggested a long term accommodative outlook.

Is the U.S. Dollar Done Until December?

2016/9/09 03:51 Source
Probably not. More likely, we're going to see continued volatility as driven by random, offbeat Fed commentary in media interviews and off-the-cuff commentary.

Euro Outlook Remains Cautiously Bullish until this Changes

2016/9/09 03:51 Source
Retail FX traders have sold aggressively into the recent Euro rally versus the US Dollar, and our positioning data shows traders are now at their most net-short EUR/USD since it last traded above $1.13 through mid-August.

USD/CAD Rebound Vulnerable to Canada Employment- Key Support 1.2832

2016/9/09 03:51 Source
USDCAD has responded to near-term support ahead of tomorrow’s employment report. Here are the updated targets & invalidation levels that matter heading into the release.

NZD/USD 2016 Rally at Risk Sub-7500 as Sentiment Stretches

2016/9/09 01:47 Source
Kiwi has responded to a critical resistance range, shifting our near-term focus lower. Here are the updated targets & invalidation levels that matter.

USD/JPY 3 Month Trendline Serves as the Pivot

2016/9/09 01:32 Source

EUR/USD Technical Analysis: Will Euro Bounce See Follow-Through?

2016/9/08 18:50 Source
The Euro moved higher against the US Dollar as expected following the appearance of a bullish Morning Star candlestick pattern.

Crude Oil, Gold Prices Look to Fed Rate Hike Bets for Direction

2016/9/08 18:38 Source
Crude oil and gold prices are looking to the Federal Reserve’s Beige Book survey for direction as bets on rate hike timing remain in focus for financial markets.

Pound May Rise as BOE Officials Downplay Need for More Easing

2016/9/08 13:52 Source
The British Pound may rise if BOE officials including Governor Carney downplay the need for further near-term easing in testimony before a parliamentary committee.

USD/CAD Short Term Levels Ahead of BOC Rate Decision

2016/9/08 13:52 Source
The USD/CAD plunge is seeing a slight halt above 1.28 and we look ahead for the BOC rate decision as the main event risk on the docket

FTSE 100 Technical Outlook: Looking for Turn Off Slope Support

2016/9/08 12:54 Source
The UK index has retreated into support, likely spot to see buyers show up.

Dow Jones Industrial Average Isn’t Motivated

2016/9/08 09:45 Source
Friday's strength in DJIA has failed to follow through higher. A correction of time and/or price may continue with sideways and potentially lower trade over the next few days.

GBP/USD Volatility Rises as BOE Policymakers Speak on UK Post-Brexit Vote

2016/9/08 09:43 Source
BOE Governor Mark Carney took the podium to clarify recent developments in the UK economy post-Brexit vote.

USD/CAD Jumps as BOC Signals Dovish Shift amid Weaker Growth

2016/9/08 09:42 Source
The Bank of Canada subtly opened the door for more easing today, knocking the Canadian Dollar.

USD/CAD Eyes Top of Near-Term Range Following Dovish BoC

2016/9/08 09:37 Source
USD/CAD may move back towards the top of its recent range as the Bank of Canada (BoC) adopts a dovish outlook for monetary policy.

USD/CAD Technical Analysis: CAD Drops As BoC Highlights Risks

2016/9/08 07:22 Source
USD/CAD Has Moved Into Resistance, But The Overall Defensive Nature of USD This Week Makes Long Positions Risky.

GBP/JPY Technical Analysis: Testing Channel, Fibonacci Support

2016/9/08 06:34 Source
After staging a 975-pip bull-run, GBP/JPY has retraced 300+ to move down to a confluent zone of Fibonacci and trend-channel support.

EUR/JPY Technical Analysis: Support at Old Resistance Ahead of ECB

2016/9/08 03:43 Source
EUR/JPY stayed in a relatively consistent range throughout much of August, and after giving way to a top-side break, we can now see old resistance showing up as fresh support.

Crude Oil Price Forecast: Next Breakout Likely Depends on Algiers

2016/9/08 01:41 Source
WTI Crude Oil (CFD: US Oil) Has Steadied This Week Thanks In Large Part To A Weaker US Dollar And A Possible Russia-Saudi Pact That May Influence At Algiers.

EUR/USD ECB Setup- Outlook Remains Constructive Above 1.1140

2016/9/08 01:08 Source
EURUSD is eyeing near-term resistance heading into the ECB tomorrow. Here are the updated targets & invalidation levels that matter heading into the release.

Gold Prices Pose a Bullish Run, but Set a Lower-High

2016/9/08 00:34 Source
Gold prices caught a major bid after Non-Farm Payrolls and then again on the release of ISM. But is the Fed ready to relent from rate hike plans just yet?

USD/CHF Technical Analysis: Slammed Down to Support

2016/9/08 00:32 Source
The U.S. Dollar has been on a rollercoaster and the Swissy has been along for the ride. But the pair continues to work within the confines of established Fibonacci levels, and this can provide ammunition for strategy moving forward.

Crude Oil Prices Decline on Disappointing ISM Data

2016/9/07 16:50 Source
The Price of Crude Oil continues to slide as US ISM Data misses expectations.

China’s Market News: Yuan Near Key Resistance After G-20 Ends

2016/9/07 15:53 Source
After the G-20 meetings ended over the past weekend, speculation on Yuan rates appear to rise once again.

NZD/USD 2012 Low Looms as a Test at .7455

2016/9/07 14:37 Source

USD/CAD Erases post-Jackson Hole Rally

2016/9/07 12:26 Source

US DOLLAR Technical Analysis: NFP Stung, ISM Miss Hurts USD Bulls

2016/9/07 12:21 Source
USD has a week to convince Bulls its worth buying as Fed Speakers are lining up ahead of the pre-FOMC blackout period.

Australian Dollar Little-Changed After 2Q GDP Data

2016/9/07 12:18 Source
The Australian Dollar was little-changed after second-quarter GDP figures offered little guidance for future Reserve Bank of Australia interest rate moves.

AUD/USD Technical Analysis: Aussie Sets Sights on August Top

2016/9/07 12:09 Source
The Australian Dollar launched higher against its US namesake as expectedafter prices put in a bullish Morning Star candlestick pattern.

Don’t Dismiss USD/JPY Lower as Memories of 2003 ’VaR Shock’ Arise

2016/9/06 20:06 Source
It's a bird, it's a plane, it's a SpaceX rocket...no, it's JGBs climbing to their highest levels in six months! The implications for the Japanese Yen are significant.

USD Gives Back Friday’s Gains: ECB Headlines This Week’s FX Calendar

2016/9/06 20:06 Source
Friday saw chaotic price action in the US Dollar around the release of Non-Farm Payrolls. But that move higher has continually been faded out of markets and we're basically back where we started.

USD/JPY Tanks as ISM Misses by Most Since November 2008

2016/9/06 19:40 Source
This was the worst headline survey reading since February 2010.

Does a Return to Liquidity Mean a Return to Volatility?

2016/9/06 13:50 Source
Will the passing of holiday liquidity charge a long overdue rebound in global market volatility or is the curb on activity too deep to cover?

AUD/USD Unfazed as RBA Opts to Keep Policy at Status Quo

2016/9/06 13:35 Source
The Australian Dollar was little changed versus other majors as the RBA kept the cash rate at 1.5%, Aussie gained most in a month ahead of the event

USD/CHF Slightly Lower as Swiss 2Q GDP Data Beats Expectations

2016/9/06 13:07 Source
The Swiss Franc traded slightly higher versus other major currencies after Swiss GDP figures came well above expectations

US Dollar Looks to Services ISM to Guide Fed Rate Hike Speculation

2016/9/06 13:06 Source
The US Dollar is looking to the service-sector ISM survey to guide Fed rate hike speculation after last week’s payrolls data delivered conflicting cues.

NZD/USD Technical Analysis: 2-Month Resistance Under Fire

2016/9/06 12:59 Source
The New Zealand Dollar has mounted another challenge of powerful resistance capping gains below the 0.74 figure against the greenback since late June.

AUD/USD Short Term Outlook Heading Into RBA Rate Decision

2016/9/06 00:15 Source
The AUD/USD is trading higher to start the new trading week and the RBA rate decision is on tap for the Asian session ahead

September Forex Seasonality Favors USD Weakness, European FX Strength

2016/9/06 00:13 Source
Twenty-year seasonality trends bode poorly for the US Dollar, in which September has resulted in the fourth-worst month of the year for the greenback. EUR/USD and GBP/USD could see small gains this month, if seasonal trends are followed.

British Pound May Rise on UK PMIs, US Dollar on the Defensive

2016/9/05 13:49 Source
The British Pound may rise as upbeat PMI data continues to weigh on BOE stimulus expansion bets. The US Dollar is on the defensive as markets digest Augusts’ jobs data.

ASX 200 Technical Analysis: Index Finds Support at 5,380

2016/9/05 12:36 Source
The ASX 200 sell-off came to a halt as the index found support, potentially hinting that the downside move might have been corrective

GBP/USD Higher as UK Markit Services PMI Posts Largest Gain on Record

2016/9/05 12:34 Source
The British Pound soared versus all other majors as Markit Services PMI printed the largest gain in the survey’s record

Crude Oil Snaps Losing Streak as Russia Backs Output Freeze

2016/9/05 06:17 Source
Crude oil prices snapped a five-day losing streak after Russian President Vladimir Putin said he supports an output freeze deal coordinated with OPEC producers.

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

2016/9/03 08:17 Source
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.

Yen Becomes Defensive As Central Banks Expected To Act Soon

2016/9/03 08:17 Source
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.

Yuan Volatility Elevates on G-20, Heavy Data

2016/9/03 08:17 Source
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.

Gold Prices to Face Central Bank Volatility as Sentiment Stretches

2016/9/03 08:17 Source
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.

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

2016/9/03 08:16 Source
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.

CAC 40 Breaks above 4,500

2016/9/02 22:06 Source
The CAC 40 has broken critical resistance to close the week at new highs.

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

2016/9/02 19:36 Source
Upper and lower sloping lines present spots from which traders can operate off of as support and resistance.

Preview for August NFPs and Implications for USD-pairs

2016/9/02 19:24 Source
Any given NFP print can be overhyped, but today's in particular has significant consequences for a potential September rate hike.

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

2016/9/02 19:14 Source
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.

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

2016/9/02 13:00 Source
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.

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

2016/9/02 12:27 Source
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.

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

2016/9/02 12:24 Source
The Australian Dollar may be preparing for a rebound against its US counterpart but overall positioning continues to favor a bearish bias.

EUR/GBP Technical Analysis: Two-Month Uptrend Broken

2016/9/02 12:24 Source
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.

Gold Prices Remain Supported Ahead of NFP

2016/9/02 04:03 Source
The price of Gold has held above $1,300 going into tomorrow’s NFP jobs report.

USD/JPY Continues to Carve Near-Term Bullish Pattern Ahead of NFP

2016/9/02 04:01 Source
USD/JPY may extend the advance from the end of August as the pair carves a series of higher highs & lows ahead of the U.S. Non-Farm Payrolls (NFP) report.

USD/CAD Technical Analysis: Macro-Environment Favors Upside

2016/9/02 04:00 Source
USD/CAD Has Begun To Turn Higher. Now, Focus Turns to NFP & The Struggling Canadian Economy.

China’s Market News: Widened Yuan Spread, Mixed PMI Prints

2016/9/02 03:47 Source
Discrepancy is seen between onshore and offshore Yuan rates, as well as official and Caixin PMI reads.

USD/JPY: NFP Gameplan Same as Jackson Hole- Buy the Washout

2016/9/02 03:10 Source
USDJPY is at resistance heading into tomorrow’s non-farm payrolls release. Here are the updated targets & invalidation levels that matter heading into the release.

NZD/USD – Use .7162 as the Pivot

2016/9/02 02:51 Source

Will NFP Motivate or Obliterate the U.S. Dollar?

2016/9/01 20:27 Source
U.S. rate expectations have continued to run higher after last Friday's batch of Fed speeches at the Jackson Hole Economic Symposium; but with NFP coming out tomorrow, we can see this theme hasten or reverse very quickly.

Signs of Danger - Has Euro Trend Turned?

2016/9/01 20:27 Source
Retail FX traders remain net-short the Euro versus the US Dollar, and a contrarian view of ‘crowd’ sentiment broadly points to EUR/USD gains. Yet we have seen a noteworthy shift since last week; total open short positions have fallen by approximately 25 percent while long positions are up the same amount.

US S&P 500 Looks at Danger of Turnaround

2016/9/01 20:26 Source
US S&P 500– Retail CFD traders remain extremely net-short the SPX500, which tracks the fair value of the S&P E-mini futures contract, and a contrarian view of ‘crowd’ sentiment has kept us firmly bullish.

US Dollar Could be on the Brink of a Larger Turn Higher

2016/9/01 20:26 Source
Retail forex sentiment warns that the US Dollar trend may be turning—particularly in the Euro, Japanese Yen, and versus Gold prices. Here are the warning signs.

WTI Crude Oil Price Forecast: How The 11%+ Drop Could Be Bullish

2016/9/01 20:21 Source
WTI Crude Oil (CFD: US Oil) Traded At Three Week Lows After Wednesday’s DoE Data, Which may make the Algiers OPEC meeting more important than expected.

AUD/USD Unispired After China PMI Data, US Jobs Report Looms

2016/9/01 15:40 Source
The Australian Dollar showed a mild reaction after better-than-expected Chinese Manufacturing PMI data crossed the wires as U.S. employment figures remain the focus in the near term.

British Pound May Rise if Upbeat PMI Cools BOE Easing Speculation

2016/9/01 15:40 Source
The British Pound may rise if Augusts’ Manufacturing PMI data tops economists’ forecast, cooling speculation about a further expansion of BOE stimulus efforts.

GBP/USD Short Term View Ahead of UK and US PMIs

2016/9/01 15:40 Source
The GBP/USD is trading around 1.3150 as we approach Friday’s NFPs with UK and US PMI data in focus ahead

GBP/USD Surges as UK Markit Manufacturing PMI hits Ten-Month High

2016/9/01 15:40 Source
The British Pound soared versus all other majors as Markit Manufacturing PMI printed the joint largest rise in the survey’s history

Dismal ISM Manufacturing to Stoke Larger EUR/USD Recovery

2016/9/01 15:40 Source
A marked downtick in the ISM Manufacturing survey may spark a larger recovery in EUR/USD as it raises the Fed’s scope to further delay its normalization cycle.

S&P 500: Summer Doldrums Persist, Looking to NFP as Source of Volatility

2016/9/01 15:40 Source
Summer lull making trading difficult, but high impact events can still offer opportunity.

CAC 40 Continues Consolidation With an Ascending Triangle

2016/9/01 15:40 Source
After braking from its 10 day range, the CAC 40 now trades in a broader triangle.

Gold Prices Hit Two-Month Low as US Dollar Gains on Fed Outlook

2016/9/01 10:59 Source
Gold prices sank to a two-month low as the US Dollar surged following hawkish comments from Federal Reserve Vice Chair Stanley Fischer.

Nikkei 225 Technical Analysis: Index Approaching Key Resistance

2016/9/01 10:58 Source
The Nikkei 225 is trading higher for the fourth consecutive day as price approaches the 17,000 resistance area which proved key in the past

ASX 200 Technical Analysis: Index Trading At a Crucial Support Area

2016/9/01 10:57 Source
The ASX 200 is trading around May highs after losing ground, and a hold at current levels seems key going forward

USD/CAD to Extend Bullish Pattern on Dismal Canada GDP Report

2016/9/01 10:57 Source
A sharp contraction in Canada 2Q GDP may fuel the near-term advance in USD/CAD as it puts pressure on the BoC to further support the real economy.

EUR/USD Unfazed by German Jobs Report, Euro-Zone CPI Data Ahead

2016/9/01 10:57 Source
The Euro was little changed versus other majors after today’s German Employment data printed better than expected figures

USD/CAD Levels to Watch Ahead of Canada GDP, Crude Oil Inventories

2016/9/01 10:56 Source
The USD/CAD is trading around 1.31 as the US Dollar continues to strengthen, and the event risk ahead puts the pair in focus

USDOLLAR at Key Resistance; Euro Hurt by Slipping Inflation Data

2016/9/01 10:56 Source
The US Dollar has been on a nice little run, but today's data could easily shake confidence ahead of Friday's NFP report.

US Dollar Eyes NFPs on Friday Following ’Goldilocks’ ADP Report

2016/9/01 10:55 Source
Beating expectations by just +2K, the August US ADP Employment report was ‘just right.’

Gold Prices Sink to Deeper Support, is More Pain to Follow?

2016/9/01 10:54 Source
Gold prices have been on a rollercoaster this year, but that ride has had a bullish bias with more than 20% worth of gains the year. But with the Fed now talking up higher rates, how much deeper might prices fall?

Dow Jones Industrial Average Awaits Friday’s Jobs Report

2016/9/01 10:49 Source
Dow Jones Industrial Average volatility is reaching multi-year lows. Volatility as measured through the average true range (ATR) is at their lowest levels since December 2014.

USD/CAD Eyes Topside Hurdles Following Dismal Canada GDP Report

2016/9/01 10:10 Source
USD/CAD may continue to take out the topside targets following the dismal GDP report as the pair carves a near-term series of higher highs & lows.

US DOLLAR Technical Analysis: Fed Tempts Dollar Bulls To Bite

2016/9/01 10:07 Source
After FOMC Vice Chair Stanley Fischer said two hikes are possible in 2016, data has been strong leading to NFP, and USD is set for largest bullish move since the Brexit.

GBP/JPY Technical Analysis: Bullish Channel Runs to Resistance

2016/9/01 08:39 Source
After the aggressive down-trend failed to set a lower-low, price action in GBP/JPY has been getting more and more bullish, as can be seen in the 650+ pip run in the upward-sloping trend-channel.

AUD/USD Searches for Support as NFPs Take Center Stage

2016/9/01 08:39 Source
A string of economic data over the next 48hrs highlights Aussie into the monthly open. Here are the updated targets & invalidation levels that matter heading into the release.

USD/CHF Technical Analysis: One’s Trend is Another’s Range

2016/9/01 08:19 Source
Near-term price action in Swissy has been aggressively bullish, but scrolling out on the chart will highlight a longer-term range that could become workable should USD strength recede.

China’s Market News: Yuan Weakens, While Yield Elevates

2016/9/01 06:51 Source
The PBOC continued to guide Yuan rates as well as onshore borrowing rates.

USD/JPY Technical Analysis: Are The Bulls Ready To Rumble?

2016/9/01 05:54 Source
USD/JPY has moved aggressively higher on twin fears of FOMC hikes and BoJ easing. If USD/JPY clears resistance, upside targets could get hit fast.

August Almost Killed AUD/CHF

2016/9/01 05:49 Source
August represented the least volatile month so far during 2016 for AUD/CHF. Price action currently hovering above support level on symmetrical triangle. Will September test resistance levels of AUD/CHF ascending channel?

Crude Oil Drops Most in a Month as Inventories Swell

2016/9/01 05:44 Source
Crude oil prices posted the largest drawdown in a month as EIA inventories data showing a larger-than-expected swell in stockpiles overshadowed supportive OPEC commentary.

GBP/USD Unchanged As Consumer Sentiment Survey Offsets Business Slip

2016/8/31 06:58 Source
The British Pound was little changed against its US counterpart after a less gloomy post-referendum consumer confidence survey offset a slide in a business sentiment report.

USDOLLAR Wipes Out August Drop with Last 3 Days

2016/8/31 00:47 Source

USD/CAD Rally to Face Canada GDP- Support at 1.2965

2016/8/31 00:47 Source
The advance is approaching near-term resistance ahead of key data tomorrow. Here are the updated targets & invalidation levels that matter heading into the release.

WTI Crude Oil Price Forecast: Two Week Lows On Dollar’s Strength

2016/8/31 00:44 Source
WTI Crude Oil (CFD: US Oil) Traded At Two Week Lows Ahead of Wednesday’s DoE Data As USD Strengthens and Iran Continues Producing More Into Algiers.

EUR/USD Risks Further Losses as Shift in Retail Positioning Continues

2016/8/30 18:56 Source
EUR/USD stands at risk for further losses and may share a similar fate to back in May as retail sentiment comes off of the 2016 extreme.

Gold Price Forecast: Prices Decline to Next Support

2016/8/30 17:47 Source
Gold prices closed lower last week, but are fast approaching daily support near $1,310.71.

Gold Prices Drop as Fed Rate Hike Odds Rise

2016/8/30 17:47 Source
Recent comments by Fed Chairwoman Janet Yellen has pushed gold prices lower into previously cited support. $1311-1320 may be an area of a technical price bounce.

US Dollar Posture Improves as December Rate Hike Odds Jump

2016/8/30 17:47 Source
Technical conditions have shifted rather dramatically across USD-pairs over the past week.

Crude Oil Forecast: Technical Range Continues

2016/8/30 17:47 Source
Crude Oil Prices continue to conslidate for the 5th session, after failing to breakout below critical support near $46.50.

Dow Jones Industrial Average Finds Support Post Jackson Hole

2016/8/30 17:47 Source
Fed Chairwoman Janet Yellen has been talking up the possibility of a September rate hike. If this happens, logic would dictate that the hike may become a head wind for DJIA.

Sticky U.S. PCE Reinforces Hawkish Speech From Chair Yellen

2016/8/30 17:47 Source
Markets are turning their attention to Friday’s NFP report as the data prints coming out of the U.S. economy highlights sticky price growth. .

COT-Crude Speculators Buy at Fastest Pace Since May

2016/8/30 17:47 Source
Crude speculators have been buying at the fastest pace since May. Extreme speculative buying warns of near term exhaustion (a market top in this case).

Yellen Triggers Near-Term USD/JPY Breakout- Retail Sentiment Follows

2016/8/30 17:47 Source
USD/JPY retail sentiment has pulled back from 2016 extremes as the pair breaks out of a near-term bearish formation following the Fed Economic Symposium.

GBPJPY at Key Resistance Hurdle Ahead of UK Mortgages- 133.14 Support

2016/8/30 17:47 Source
The advance has come into significant Fibonacci resistance to start the week. Here are the updated targets & invalidation levels that matter heading into the release.

USD/CAD Crests at Trend Line and Wave Measurement Confluence

2016/8/30 17:47 Source
As the Fed talks up a more aggressive path for rate hikes, the US Dollar has strengthened in broad based fashion. We will look at a bearish and bullish Elliott Wave scenario.

Yen Little Changed as Unemployment Rate Drops to a 21-Year Low

2016/8/30 17:47 Source
The Yen showed a tepid reaction against its major counterparts as Japan’s unemployment rate fell to 3.0 percent versus 3.1 percent expected, a 21-year low.

Slowing U.K. Mortgage Applications to Stoke Larger GBP/USD Pullback

2016/8/30 17:47 Source
Another marked slowdown in U.K. Mortgage Applications may spur a larger pullback in GBP/USD as it puts pressure on the BoE to implement additional monetary support.

US Dollar Looks to Fed’s Fischer for Fuel to Resume Advance

2016/8/30 17:47 Source
The US Dollar is looking to comments from Fed Vice Chair Fischer for fuel to continue last week’s advance on the back of swelling rate hike speculation.

EUR/USD Short Term Outlook Ahead of German CPI, Fed-speak

2016/8/30 17:47 Source
The EUR/USD is trading below the 1.12 handle following the Yellen speech this past Friday as German CPI and Fischer take center stage ahead

GBP/USD Little Changed as Data Shows Credit Demand Slowed Post-Brexit

2016/8/30 17:43 Source
The British Pound was little changed versus other majors after today’s mortgage approvals data, as credit demand slows post-Brexit

Fedspeak Drives Dollar Higher, but Will FOMC Actually Hike in 2016?

2016/8/30 17:43 Source
The saga of Federal Reserve rate-hike expectations continues to drive global markets. With a recent increase in hawkishness, are markets looking at a rate hike in the near-term?