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MOST RECENT ARTICLES
News Releases for Wed July 29 (GMT-5:00 ET)
FX charts ahead of FOMC: FWIW!
I’m a little late updating today as Bondi Beach was sparkling this morning and won over the charts. I’m also conscious that the charts could all look very different by tomorrow after the FOMC update but, FWIW, here is how I’m seeing them at the moment. We’ve also got month-end this Friday and this brings another layer […]
USD/JPY – 123.80 proves as tough level
Offers at 123.80 have capped the topside in USD/JPY earlier The bad Consumer Confidence print (90.9 vs 100.0 expected) has weighed on the Greenback Dealers report bids resting at 123.30 (+ intraday stops below), while key support now seen in the 122.90/123.00 area Further consolidation between 123 and 124 seems likely ahead of the FOMC […]
Gold still struggling; test of $1044 likely
Gold is struggling to get back above $1100 Many commodities still under heavy pressure; precious metals no exception Short-term techs suggest Gold oversold in short-term, but remains bearish overall, along with negative sentiment Rallies should be sold, as the metal is likely to test $1044 soon $1130 would provide an excellent level to sell into, […]
Kiwi: developing wings? Watch 0.67 & trading channel
I mentioned in my w/e analysis that the NZD/USD had printed a bullish-reversal ‘Inverted Hammer’ candle last week and to watch for any signs of bullish follow through this week. Well, it’s still early but the Kiwi might be starting to try and take flight. NZD/USD 4hr: we are seeing another channel breakout on the 4hr […]
FX Trader Talk – FXWW Chatroom
EURUSD: The break above initial resistance in the 1.1050 area signals a stronger than originally anticipated pullback. We are overall bearish against the 1.1215 range highs and look for a move lower towards 1.0815 and then 1.0675 ahead of the 1.0460 year-to-date lows. USDJPY: Safe-haven flow has encouraged us to turn bearish in the short […]
BNPP: Falling commodity prices undercut Fed expectations and the USD – FXWW Chatroom
Falling commodity prices have continued to undercut Fed rate hike expectations. The loss of rate support has, in turn, undermined the USD, primarily against the core low yielder currencies. With inflation breakevens retreating again, the burden of proof is now on Fed rhetoric or US macro data to convince the market that Fed tightening is […]
BNPP: Commodity and EM currency rout deterring euro investor outflows? – FXWW Chatroom
China’s equities reversed all of their initial drop on Tuesday prompting a moderate rebound in the G10 commodity-bloc currencies (AUD, NZD and CAD). Still, since the start of July, the COP, BRL, RUB and AUD have been among the worst performing currencies. The volatility affecting these higher yielding currencies could be a factor discouraging eurozone […]
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