XAU/USD – Gold Dips to 2-Week Lows on Mixed US Data

September 16, 2016 xemarkets 0

Gold has posted slight gains on Thursday, as the metal trades at a spot price of $1316.74 per ounce in the North American session. On the release front, Thursday was a data-heavy session after an uneventful few days. In the US, retail sales came in at -0.3%, weaker than the estimate of -0.1%.

Certain about Uncertainty

September 16, 2016 xemarkets 0

Overnight, US economic data disappointed as retail sales fell for second consecutive month, nudging the December US interest rate hike probability to fall below 50%. The focus now shifts to tonight CPI which could have a significant impact on rate hike expectations, even more so in the wake of the tepid Retails Sales print. A benign inflation print will likely reverse much of the recent yield curve damage and put the USD on the defensive.

U.S Data to Influence Fed Hike Chances

September 16, 2016 xemarkets 0

Five things the markets are talking about Capital markets are unusually keyed into Fed decisions and for as long as they remain so, investors should be expecting pockets of volatility to be somewhat plentiful ahead of next week’s FOMC rate announcement (Sept 20-21). But, that is next week, now, the market has a few other central bank decisions to prepare for and to react to – the BoE and BoJ being the most important. (Note: Overnight, the Swiss National Bank (SNB) delivered what was expected, keeping rates on hold at -0.75% and said it would intervene in currency markets as needed – its the same rhetoric, just a different meeting).

Analysis of Japanese candlesticks for EUR/USD, and USD/JPY on 16.09.2016

September 16, 2016 xemarkets 0

Analysis of Japanese candlesticks on September, 2016 EUR/USD “Euro vs US Dollar” On 4 hours chart for Euro-US Dollar pair, a correction at level of middle Window is going on, bearish Harami and Shooting star candles show the way downwards. Bearish indication still can be seen on 3 lined of breakage chart and Heiken Ashi candles. On 1 hour chart for Euro-US Dollar there is a side trend, candle models are still mixed, bearish Gravestone doji points downwards.

Analysis of Japanese candlesticks for EUR/USD, and USD/JPY on 15.09.2016

September 14, 2016 xemarkets 0

Analysis of Japanese candlesticks on September 15, 2016 EUR/USD “Euro vs US Dollar” On 4 hours chart Euro-US Dollar keeps going with correction on the level of the middle Window, bearish Harami points downwards. On 3 lined of breakage chart and Heiken Ashi candlesticks we see the signs of bearish indication. On 1 hour chart for Euro-US Dollar pair we see further side correction, candles models are still mixed, bearish Tweezer Top and Harami show the way downwards.

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

September 3, 2016 dailyfx news 0

Fundamental Forecast for the Australian Dollar: Bullish For more updates, sign up for David’s e-mail distribution list . 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.

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Gold Prices to Face Central Bank Volatility as Sentiment Stretches

September 3, 2016 dailyfx news 0

Fundamental Forecast for Gold : Neutral 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. Non-Farm Payroll figures released on Friday showed the U.S

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Yuan Volatility Elevates on G-20, Heavy Data

September 3, 2016 dailyfx news 0

Fundamental Forecast for the Yuan: Neutral 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

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

September 3, 2016 dailyfx news 0

Fundamental Forecast for Euro: Neutral To receive James Stanley’s analysis directly via email, please SIGN UP HERE 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.

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EUR/USD Outlook Mired by Bets for ECB Adjustment

September 2, 2016 dailyfx news 0

Talking Points: – EUR/USD Outlook Mired by Bets for ECB Adjustment; Disappointment on Tap? – USDOLLAR Risks Further Losses as Slowing Job/Wage Growth Drags on September Expectations. Avoid the pitfalls of trading by steering clear of classic mistakes.

Top Trade Idea For September 2nd, 2016 EUR/GBP

September 2, 2016 xemarkets 0

Reversing Brexit Sentiment The conventional wisdom when the British voted to leave the European Union was that the UK economy would suffer much more than the continent. Naturally, this saw the EUR make strong gains against GBP.

WTI/USD – US Crude Drops to 3-Week Lows, US Payrolls Report Next

September 2, 2016 xemarkets 0

US crude has posted sharp losses for a second straight day. In Thursday’s North American session, WTI/USD futures are trading at $43.41 per barrel. Brent crude futures are trading at $45.67, as the Brent crude premium stands at $2.26. On the release front, unemployment claims came in at 263 thousand, within expectations