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USD/CNH: Chinese Yuan Depreciation to Blame on Gold Selloff?

USD/CNH - chinese yuan depreciation blame gold selloff.
Talking Points: -Commodity-backed loans and bypassing capital control could include gold as well as copper. -USD/CNH movements could be quick in any broad based liquidation of risk assets. -Reference Read More →

Forex: Seasonal Forces May Overshadow German PPI, US Claims Data

Talking Points: Japanese Yen Outperformed on Nikkei 225 Drop, Kuroda Comments in Asia US Dollar, Euro Look for Cues in German PPI and US Jobless Claims Data Protective Profit-Taking May Drive Volatility in Pre-Holiday Trading Hours The Japanese Yen outperformed in overnight trade as Read More →

USD/CAD & GBP/CAD Clear Resistance Ahead of Canada CPI

Talking Points: - USDOLLAR Remains Limited by 10,470 Ahead of Holiday Weekend - USD/CAD Clears Near-Term Resistance Ahead of Canada CPI - GBP/CAD Breaks Out of Bearish Momentum Following BoC Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10442.18 10464.96 10437.35 -0.11 82.28% The near-term outlook for the Dow Read More →

AUD/USD, GBP/USD Still Ripe with Potential After UK Jobs, Chinese GDP

Talking Points: - GBPJPY, GBPUSD burst higher on tremendous UK jobs data. - AUDUSD unfazed by better than expected Chinese GDP. - Several US data releases, Bank of Canada rate decision mark forex economic calendar. To keep up with developments central banks and their Read More →

Gold and Silver Plunge, Crude Oil Vulnerable Ahead Of Inventories Data

Talking Points Precious metals may continue declines as traders look past Ukrainian turmoil Crude oil teeters on the brink of a correction ahead of the DOE Inventories Report US Data and Yellen comments to offer directional cues for gold via the US Dollar Gold Read More →

Pound to Look Past Jobless Claims Data, Dollar Eyes Fed Beige Book

Talking Points: Pound Unlikely to Find Momentum in an On-Trend Jobless Claims Decline US Dollar Rebound May Continue to Pro-Taper Tone in Fed’s Beige Book NZ Dollar Weakens as Soft CPI Erodes RBNZ Bets, Yen Falls as Stocks Rise The March set of UK Read More →