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Monthly archive September, 2015

Position-Squaring Lifts Oil, Gold before Fed; Copper Up on Supply Cuts

Talking Points: Short-squaring and CNH/equity rallies propelled commodities Oil saw dramatic recovery despite bearish outlook from widen supply-demand gap Gold floated above 1110.5 as EM weakness surfaced and US rate bets divided Copper on uptrend amid equity recovery, China investment, and output cuts Position adjustments Read More →

Yen Under Pressure as Market Confidence Firms into the Week-End

Talking Points: Yen Down on Risk Trends as NZ Dollar Corrects After RBNZ-Driven Plunge Canadian Dollar on the Upswing as Crude Oil Moves Higher in Asia Trade US Dollar Looks to PPI, UofM Survey Data to Help Shape Fed Policy Bets The Japanese Yen Read More →

GBPUSD Rebound Sets Up Clear Scalp Levels Ahead of Major Event Risk

Talking Points GBPUSD rebound at initial resistance Updated targets & invalidation levels Event Risk on Tap This Week GBPUSD Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPUSD breaches above monthly open / ML resistance- constructive Interim resistance objectives at 1.5460, 1.5511 & 1.5550/67- key resistance Interim support Read More →

Both AUD- and NZD-crosses on the Verge of Big Moves

Talking Points: - AUDUSD rebounds sharply on jobs data, NZDUSD falls on RBNZ. - AUDNZD may be ready to break a multi-month triangle. - See the September forex seasonality report. A divergence overnight in Australian and New Zealand data leaves the crosses in flux. Read More →

Pound May Fall if Hawkish Bank of England Minority Does Not Grow

Talking Points: British Pound May Decline if Hawkish BOE MPC Minority Does Not Expand Aussie Dollar Erases Intraday Losses as Jobs Data Trims RBA Rate Cut Bets NZ Dollar Slumps on Dovish RBNZ Rhetoric, Yen Drops After 5yr Bond Sale A monetary policy announcement Read More →

Oil Slides on US Supply; Gold Down as Jobs Data Bolsters Rate Rise

Talking Points: Light risk demand in Asia followed heavy sell-off in US Oil plunged below 44 to week’s low, after sliding on swelling stockpiles per API Copper edged up on tumbling inventories and output cuts Gold at month’s low as US job openings data Read More →