Monthly archive January, 2016

- U.S. ISM Non-Manufacturing Survey to Uptick for Sixth Time in Last 12-Months. - Employment Component Slowed to 55.0 in November from 59.2 the Month Prior. For more updates, sign up for David's e-mail distribution list. Trading the News: U.S. ISM Non-Manufacturing A pickup Read More →

Talking Points: China Fixes Yuan at Five-Year Low, Triggers Broad-Based Risk Aversion US Dollar Looks to Dec. FOMC Minutes to Inform 2016 Rate Hike Path Bets Gauge Trends and Spot Reversals in Leading Currencies with DailyFX SSI The sentiment-sensitive Australian, Canadian and New Zealand Read More →

Talking Points: Risk-off sentiment dominates after high USD/CNY fix, geo-political threat re North Korea, and low China PMIs Gold extends gains on a second day, though vulnerable to Fed’s December minutes Oil recovers modestly after API reported stock draw, awaiting DoE data Copper stays Read More →

Talking Points NZDJPY testing support- outlook bearish sub-81.40 Updated targets & invalidation levels Event Risk on Tap This Week NZDJPY Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook: NZDJPY broke below channel support yesterday with the decline now coming into initial support at the confluence Read More →

- China’s central bank added 130 billion yuan ($19.9 billion) in support to financial markets on Tuesday - Chinese coal firms are facing shutdown with a record debt-to-asset ratio - China’s bank regulator announced it will allow private capital investment into banks Read More →

Talking Points: - GBP/USD Retail FX Crowd Remains Heavily Net-Long as Pair Slips to Fresh Monthly Low. - USD/JPY October Low (118.05) on Radar as BoJ Continues to Endorse Wait-and-See Approach. - USDOLLAR Approaches Range Resistance Ahead of FOMC Meeting Minutes. For more updates, Read More →