Market Outlook
US Dollar Still At Risk for Short-Term Decline Despite Hawkish Fed
Although we retain a highly constructive outlook for the US Dollar and are encouraged by the shift in Fed outlook, there are still technical signs of weakness before renewed strength…
EURCAD Weekly Scalp- Pending Break to Offer Directional Bias
The EURCAD is now approaching key daily resistance with the proximity to our topside limit offering favorable scalp targets. Here is the setup we will be trading into the close of the week.
AUDUSD: Trading Australias Employment Report
Job growth in Australia is expected to pick up in March and a positive development may spark a sharp reversal in the AUDUSD as market participants scale back expectations for a rate cut.
Euro Rebound Offers Selling Opportunity, All Eyes On Feds Beige Book
Market sentiment firmed up on Wednesday on hopes that the European Central Bank will increase its effort to address the sovereign debt crisis, but the rise in risk-taking behavior may be short-lived as the heightening threat for contagion drags on investor confidence.
US Dollar Looks to Fed Beige Book, Officials’ Comments for Direction
The trajectory of the US Dollar against the majors hinges on the Fed Beige Book and comments from central bank officials with QE3 speculation still in focus.
Hawkish Fed Comments to Support US Dollar on Dips
A combination of risk off trade on broader global macro concerns and post NFP hawkish remarks have all contributed to the latest price action…
Dollar is Flat-Lined Despite the Plunge in Equities and Carry Interest
The threat of reversal in risk trends that has plagued capital market bulls since sentiment benchmarks started struggling at multi-year highs is finally materializing. That said, while the S&P 500 dives headline into its longest tumble since November, it is important to note that the benchmark safe haven US dollar is conspicuously unchanged .
Japanese Yen Continues Rebound against Commodity Currencies
The Australian, Canadian, and New Zealand Dollars have faced significant downside pressure the past month as Chinese and Euro-zone growth have mounted. More disappointment out of China coupled with rising European debt yields have boosted the Japanese Yen and US Dollar on Tuesday.
Euro Forecast Weighed By Contagion Threats, Sterling Building Base
Renewed fears surrounding the sovereign debt crisis dragged on market sentiment during the overnight trade, and the shift away from risk-taking behavior may gather pace throughout the North American session as the fundamental outlook for Europe turns increasingly bleak.
Commodity Prices Look to Fed Officials’ Commentary for Direction
Commodity prices are looking to another dose of Fed officials’ commentary for direction as markets mull the probabilities of another round of stimulus.
Euro Showing Signs of Strength As Normal Market Conditions Return
The recent setbacks in the Euro seem to once again have found support by psychological barriers at 1.3000 and the market could be poised for a bounce over the coming sessions…
Currency Markets to Look Past European Data, Focus on Fed Chatter
Currency markets are likely to look past European economic data to focus on Fed officials’ commentary as lackluster US jobs growth stokes wishful QE3 speculation.
Dollar Fails to Rally on Post-NFP S&P 500 Slide
The greenback’s performance Monday was exactly the opposite of what would have been expected through Fundamentals. The S&P 500 equity index – the epitome of persistent risk appetite trends – marked a dramatic tumble on Monday’s open to close at four-week lows, yet the benchmark safe haven currency would itself drift lower. Should we give up on fundamentals all together?
EURUSD: Trading the Sentix Investor Confidence Survey
Investor confidence in the euro-area is expected to weaken for the first time in four-months, and a dismal print could drag on the single currency as the development heightens speculation for additional monetary support.
Gold Prices Are Set for Further Decline
In the not-so-distant past arguing that precious metals prices were setup to fall generally elicited a response which was not real pleasant. In fact, during gold’s infamous bull market rally on several occasions I called for pullbacks which regardless of the accuracy of my call generated hate mail that seemingly never ended. Fast forward to [...]
Japanese Yen, US Dollar Gain as Markets Digest NFPs, Chinese CPI
With European markets closed for holiday, Monday’s trading environment was less volatile amid thinner liquidity. Still, the safe haven currencies were the top performers following amid a slew of disappointing global data the past few sessions. Are risk-correlated assets about to break lower?
Crude Oil Sold on US Jobs Disappointment, Gold Watching for QE3 Clues
Crude oil and copper prices are set to follow stocks lower as Wall Street comes online while gold is tracking QE3 expectations for its direction cues.
US Dollar Gains on Haven Demand in Asia, Bernanke in Focus Ahead
The US Dollar rose on safe-haven demand as stocks fell in Asia. Continued risk aversion is on tap as Wall Street comes online but the greenback may be vulnerable.
Dollar Feels a Slight QE Pang After NFPs, Bigger Waves Ahead
The unique opportunity for currency traders to react to the March NFPs report without the broader capital markets complicating the reaction didn’t do the dollar any favors Friday.
Japanese Yen Surges against U.S. Dollar Following Dismal Jobs Report
Over the past few weeks, concerns arose over a potentially disappointing March jobs report for the U.S. economy in light of warm weather and impending seasonal adjustments. Those concerns were vindicated on Friday, reigniting a plummet in yields supporting the U.S. Dollar
