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Monthly archive March, 2016

Dovish RBNZ to Keep NZD/USD Capped- March Range in Focus

- Reserve Bank of New Zealand to Keep Cash Rate at Record-Low of 2.50%. - Will Governor Graeme Wheeler Look to Further Embark on Easing Cycle? For more updates, sign up for David's e-mail distribution list. Trading the News: Reserve Bank of New Read More →

USD/CAD to Extend Losses on Upbeat Bank of Canada (BoC)

- Bank of Canada (BoC) Widely Anticipated to Keep Benchmark Interest Rate to Record-Low of 0.50%. - Will Governor Stephen Poloz Highlight an End of the Easing-Cycle? For more updates, sign up for David's e-mail distribution list. Trading the News: Bank of Canada Read More →

Euro Drops Below 1.10 vs. US Dollar Amid ECB Pre-Positioning

Talking Points: Euro declines amid pre-positioning for ECB monetary policy announcement Australian, Canadian Dollars fall as Yen gains amid risk aversion overnight Quiet docket of scheduled event risk puts financial markets in digestion mode The Euro underperformed in overnight trade. A singular catalyst was Read More →

Copper and Oil Price Slide to Weak Demand as China Exports Drop

Talking Points: Gold pricetraded flat with additional support from haven interests Oil pricepared yesterday’s gains as hefty stockpile aggravated supply-demand gap Copper pricehovered over double bottom while demand outlook deteriorated Global equities snapped a week-long rally and commodities pared gains after China’s trade data Read More →

USD/JPY Retail Sentiment Back at Near-Term Extremes

Talking Points: - USD/JPY Retail Sentiment Back at Near-Term Extreme as Range-Support Approaches. - USDOLLAR Remains at Risk for Further Losses as Bearish Pattern Continues to Take Shape. Avoid the pitfalls of trading by steering clear of classic mistakes. Review these principles in Read More →

Chinese Exports Drop by Most Since 2009: Stocks Remain Supported

Talking points: - The post-Yellen Congressional Testimony rally remains supported, although pullbacks over the past two days have given the appearance of potential resistance: Traders still need to exercise caution given that we’re hearing from the three largest Central Banks over Read More →