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Fed Sitting On Fence Hurts Dollar

Five things the markets are talking about Despite being more upbeat than last months message, yesterday’s Federal Open Market Committee (FOMC) announcement has failed to lift the mighty dollar. The Fed’s statement is considered evenly balanced. They acknowledged the strengthening labor market and deemed the “near-term risks to the economic outlook as diminished,” but on […]

Top trade idea for 28th July – EURJPY

EURJPY resilience to move lower after the Brexit vote calls for a more cautious approach to the overall risk sentiment as Bank of England provided more liquidity and Bank of Japan announced another fiscal stimulus package. That being said, this move to the downside that started from the top left corner of the chart above […]

Crude Dips Below $42 as Crude Inventories Rise

US crude continues to lose ground this week. In Wednesday’s North American session, WTI/USD futures are trading at $42.25. Brent crude is trading at $43.85, as the Brent premium stands at $1.60. On the release front, US economic indicators were dismal. Core Durable Goods Orders and Durable Goods Orders both posted declines. As well, Pending Homes Sales posted […]

Gold Shows Gains Ahead of Federal Reserve Statement

Gold has edged higher on Wednesday, as the metal trades at a spot price of $1326.45 per ounce in the North American session. On the release front, US economic indicators disappointed, as Core Durable Goods Orders and Durable Goods Orders both posted declines. As well, Pending Homes Sales posted a small gain of 0.2%, well below expectations. Later in […]

FOMC Statement Key This Evening

European equity markets are expected to open marginally higher on Wednesday following mixed sessions in the U.S. and Asia overnight, as investors await the latest interest rate decision from the Federal Reserve, as well as a number of economic data and earnings releases. It’s been a relatively slow start to the week but things should […]

Central Banks to Dictate Next Market Move

Five things the markets are talking about Investors will need to watch this afternoon’s FOMC statement on monetary policy closely. The central bank is not expected to move interest rates this week, but any hints on the likelihood of a future rate rise could move markets. With no press conference scheduled and no new economic […]

WTI/USD – Crude Close to 13-week Lows, US Numbers Sparkle

US crude has posted slight losses on Tuesday, continuing the downward trend which started late last week. In the North American session, WTI/USD futures are trading at $42.85. Brent crude is trading at $44.49, as the Brent premium stands at $1.64. On the release front, US key indicators looked sharp, as CB Consumer Confidence and New […]

Gold Ticks Higher as Markets Eye Fed Statement

Gold has edged higher on Tuesday, as the metal trades at a spot price of $1320.33 per ounce in the North American session. On the release front, US key indicators looked sharp, as CB Consumer Confidence and New Home Sales both beat expectations. On Wednesday, the US releases durable goods orders and the Federal Reserve will issue […]

YEN and Nikkei, Slip Sliding Away

The USDJPY, Yen crosses, and the NIKKEI under relentless pressure today as position squaring and possible disappointments take their toll. The hype over Japan stimuli seems to be fading fast into Friday’s BoJ meeting. Various officials have been out on the wires this morning and overnight and the general tone seems to be one of […]

Yen Rise Supported By Guesstimates

Five things the markets are talking about. Market volatility is picking up ahead of the Federal Open Market Committee (FOMC) and Bank of Japan (BoJ) decisions later this week. In overnight trading, Australasia markets were especially unsettled with more headlines pertaining to the fiscal/monetary stimulus mix from the BoJ. In Europe, that apprehension is not […]

Top trade idea for July 26th, 2016 – AUD/USD

AUDUSD has turned down from 0.7834 high in May after wave C-circled completed a big corrective wave IV flat pattern. A flat has a 3-3-5 sub-wave structure, so it was a contra-trend movement that should send price back to the lows. So far, market made a very good and strong bearish turn to 0.7130 with […]

WTI/USD – Crude Slide Continues as Oversupply Concerns Continue

US crude has dropped sharply on Monday, continuing the downward trend seen late last week. In the North American session, WTI/USD futures are trading at $43.19. Brent crude is trading at $44.80, as the Brent premium stands at $1.59. It’s a quiet start to the trading week, with no US releases on the schedule. On […]

Gold Steady at $1320, Markets Eye BoJ, Fed Meetings

Gold has edged lower on Monday, as the metal trades at a spot price of $1320.49 per ounce in the North American session. It’s a quiet start to the trading week, with no US releases on the schedule. On Tuesday, there are two key releases, CB Consumer Confidence and New Home Sales. We could see some volatility from […]

USD/CAD Canadian Dollar Lower as Oil Tumbles

The Canadian dollar started the trading week on the wrong foot after oil futures dropped with the prospect of further drilling in the U.S. to add to the already oversupplied market. With little economic releases this week on the Canada front at the beginning of the week the CAD was exposed to a swing in […]

BoJ, Fed and Earnings to Dominate This Week

It’s been a relatively quiet start to the week in the markets but this should pick up quite considerably with a couple of big central bank decisions to come and more than a third of S&P 500 companies reporting second quarter earnings. The stand out central bank decision is the Bank of Japan, with high […]

EURUSD – Will New Low Trigger Broader Decline?

The euro has taken a turn lower against the dollar late in the European session, falling to its lowest level since 24 June, when it tanked on news that the U.K. had voted to leave the E.U. The pair had established a relatively tight trading range over the four weeks following the result – between […]

CANADA: Consumer Price Index, June 2016

The Consumer Price Index (CPI) rose 1.5% in the 12 months to June, matching the gain in May. Excluding gasoline, the CPI was up 1.9% year over year in June, equal to the increase in May. 12-month change in major components Prices rose in all major components in the 12 months to June, with the […]

Central Bankers Take Center Stage

Both the FOMC and Bank of Japan will share the centre stage this week but let us not forget the Austalia Q2 CPI, which will be vying for some of the spotlights. Federal Reserve -Conundrum  The Federal Reserve Board( Feds) capably stage- managed a masterful decline in real US rates in Q2  propelling risk sentiment skyrocketing […]

USDJPY and JPY Crosses. Storm Clouds Gathering

A quiet end of the week in Asia but storm clouds appear to be gathering from a technical perspective on JPY Crosses. Asia definitely has a “Friday” feeling about it today. G-20’s this weekend, BOJ and FOMC next week. Plus, most importantly for this Kiwi, the start of the Super 18 Rugby play-offs tonight, have […]

Top trade idea for July 22nd, 2016 – EUR/USD

Draghi’s dilemma puts EURUSD double bottom in play The ECB’s caution on post Brexit stimulus has seen the Euro pause at chart support. Today’s Flash PMI data might decide whether this turns into a full corrective rally Yesterday, the ECB signalled its perfectly sensible intention to wait until it has a clearer picture of the […]