The Newly Minted Shareholder’s Gold Council Vs the Destruction of the Gold Sector

The Newly Minted Shareholder’s Gold Council Vs the Destruction of the Gold Sector

The Newly Minted Shareholder’s Gold Council Vs the Destruction of the Gold Sector $GLD, $SLV, $USD After about a year of behind-the-scenes work, billionaire hedge-fund manager John Paulson announced that he has formed a coalition with 15 other investors aimed at curbing years of what his fund has called value destruction in the gold sector. […]

Gold Prices Up, Easing Trade Concerns Soften USD + Commodities

Gold Prices Up, Easing Trade Concerns Soften USD + Commodities

Gold Prices Up, Easing Trade Concerns Soften USD + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Asian stocks extended gains Friday thanks to Wall Street marking all-time highs, as investors believe that the latest exchange of tariffs between the United States and China may be less damaging than initially feared. […]

The World’s Central Bank’s Demand for Gold at 3-year Highs

The World’s Central Bank’s Demand for Gold at 3-year Highs

The World’s Central Bank’s Demand for Gold at 3-year Highs $GLD, $GBP, $EUR, $CNY The world’s Central banks’ demand for gold reached a three year high, rising 8% during 1-H of Y  2018 compared to the same frame last year, according to a World Gold Council (WGC) market update on central bank buying activity released […]

Chinese Yuan: USD/CNY (CNY=X) trade war remains key focus

Chinese Yuan: USD/CNY (CNY=X) trade war remains key focus

Chinese Yuan: USD/CNY (CNY=X) trade war remains key focus China’s yuan was little changed against the dollar on Thursday as market participants squared positions ahead of a long holiday weekend and remained cautious about developments in the Sino-U.S. trade war. The dollar hovered near a seven-week low against a basket of major currencies as trade […]

Japanese Yen: USD/JPY (JPY=X) pulls back into trendline support

Japanese Yen: USD/JPY (JPY=X) pulls back into trendline support

Japanese Yen: USD/JPY (JPY=X) pulls back into trendline support USD/JPY has dropped into trendline support overnight, with the recent channel looking to come back into play. Looking at the stochastic oscillator, we can also see an area of trendline support coming into view too. With that in mind, there is a good chance we will see […]

Euro: USD/EUR (EUR=X) launching assault on key resistance zone

Euro: USD/EUR (EUR=X) launching assault on key resistance zone

Euro: USD/EUR (EUR=X) launching assault on key resistance zone EUR/USD is turning higher yet again this morning, with the pair looking likely to challenge the $1.1718-$1.1746 resistance zone once more. The ability to break through that resistance zone is key in determining whether we are set for a wider period of gains. As such, watch for […]

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance The Australian dollar has rallied again during the day on Wednesday, breaking through some relatively difficult resistance at the 0.7250 line. Perhaps it is the idea that the Chinese are starting to soften their stance a bit, or maybe it’s just a simple reflexive bounce […]

Euro: USD/EUR (EUR=X) tries to break $1.17 again

Euro: USD/EUR (EUR=X) tries to break $1.17 again

Euro: USD/EUR (EUR=X) tries to break $1.17 again EUR/USD is making another attempt to move above the $1.17 area that has blocked progress since the second half of August. Above this, the $1.18 area and then $1.1852 come into view. Rising trendline support appears around $1.1630, and further weakness requires a close below $1.1523. Overall, the […]

Japanese Yen: USD/JPY (JPY=X) rally picks up steam

Japanese Yen: USD/JPY (JPY=X) rally picks up steam

Japanese Yen: USD/JPY (JPY=X) rally picks up steam A rising trendline from the March lows continues to offer support for USD/JPY, and the close above the resistance zone around ¥112.00 suggests a push to the July highs at ¥113.00. Retracements towards ¥111.00 and the post-March trendline will continue to be buying opportunities, with a close below […]

Australian Dollar: USD/AUD (AUD=X) received a boost from an increase in risk appetite

Australian Dollar: USD/AUD (AUD=X) received a boost from an increase in risk appetite

Australian Dollar: USD/AUD (AUD=X) received a boost from an increase in risk appetite The Australian Dollar received a boost from an increase in risk appetite last week, on the back of what were at the time easing trade war tensions and better than expected employment figures. While the global growth outlooked has soured with the […]

Gold Prices Up, as USD Eases + Commodities

Gold Prices Up, as USD Eases + Commodities

Gold Prices Up, as USD Eases + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT  Gold prices edged up Wednesday, as the USD weakened despite another round of reciprocal tariffs in the US-China trade dispute. In focus 19 September 2018 Spot gold up 0.1 % to 1,199.18 oz by 0044 GMT US gold futures […]

Japanese Yen: USD/JPY (JPY=X) watching politics

Japanese Yen: USD/JPY (JPY=X) watching politics

Japanese Yen: USD/JPY (JPY=X) watching politics The on-going Bank of Japan (BoJ) meeting finds the conclusion due 19 September with markets widely expecting the BoJ to hold steady, an assumption likely to remain status quo for a long time to come. The true focus for the week, however, would be with trade tensions instead amid […]

Australian Dollar: USD/AUD (AUD=X) rallies despite macro backdrop

Australian Dollar: USD/AUD (AUD=X) rallies despite macro backdrop

Australian Dollar: USD/AUD (AUD=X) rallies despite macro backdrop AUD/USD continues to demonstrate notable strength despite getting no help from the Reserve Bank of Australia (RBA) and the fresh round of trade wars that broke out last night. It is still in a firm downtrend, but a rebound towards $0.73 now looks possible. A close back below […]

Euro: USD/EUR (EUR=X) stuck below $1.17

Euro: USD/EUR (EUR=X) stuck below $1.17

Euro: USD/EUR (EUR=X) stuck below $1.17 We have seen EUR/USD gain steadily over the past few days, but a move above $1.17 still eludes it. Above here, the $1.18 area and $1.1852 zones are areas of resistance. A move back below $1.16 hands the initiative to the sellers, although $1.1550 still remains a significant area of support. […]

Emerging Market Rout Approaching Bottom

Emerging Market Rout Approaching Bottom

Emerging Market Rout Approaching Bottom $USD, $AUD, $NZD Franklin Templeton Investments says the rout in emerging markets may be nearing a bottom, but says that there are still countries like the Philippines that will suffer. Given the uncertainty, the money manager is keeping a net neutral USD position, while making trades including shorting the Philippine […]

Euro: USD/EUR (EUR=X) attempting to establish direction around key resistance

Euro: USD/EUR (EUR=X) attempting to establish direction around key resistance

Euro: USD/EUR (EUR=X) attempting to establish direction around key resistance EUR/USD sold off sharply from the $1.1720 region on Friday, with the pair shifting away from a crucial area of resistance. The ability to break through the $1.1746-$1.1790 resistance zone is key in determining whether we are set for a bullish breakout or not. With the […]

Australian Dollar: USD/AUD (AUD=X) re-testing recent lows

Australian Dollar: USD/AUD (AUD=X) re-testing recent lows

Australian Dollar: USD/AUD (AUD=X) re-testing recent lows Rising US bond yields looks likely to underpin US Dollar strength in the medium to long term. The greenback fell over the course of last week’s trade, primarily due to rallies in the Pound and Euro on the back of easing Brexit fears, along with upbeat assessments from […]

America First, Financial Markets Briefing 

America First, Financial Markets Briefing 

America First, Financial Markets Briefing $SPY, $USD, $OIL, $USO, $USD, $CU Hong Kong, China equities slide Monday on trade concerns  WS-J reporting Monday that China could skip trade talks with US Stocks in Asia opened the week under pressure after the latest US move to place a 3rd tranche of tariffs on Chinese goods, as […]

Euro: USD/EUR (EUR=X) Poised For Further Gains

Euro: USD/EUR (EUR=X) Poised For Further Gains

Euro: USD/EUR (EUR=X) Poised For Further Gains The EUR/USD exchange rate has made strong gains over recent weeks aided by a tightening in monetary policy in the region. The European Central Bank (ECB) went ahead and cut monetary stimulus in half last week which aided the uptrend while confirming they are on track to deliver an interest rate rise […]

Japanese Yen: USD/JPY (JPY=X) Fewer concerns but also a potential change of policy by the BOJ

Japanese Yen: USD/JPY (JPY=X) Fewer concerns but also a potential change of policy by the BOJ

Japanese Yen: USD/JPY (JPY=X) Fewer concerns but also a potential change of policy by the BOJ The deadline came and went and the US did not impose new tariffs on China. On one hand, Trump threatened to add additional ones. On the other hand, Treasury Secretary Steven Mnuchin initiated talks with China. Does he have […]

Australian Dollar: USD/AUD (AUD=X) trade truce is probably temporary

Australian Dollar: USD/AUD (AUD=X) trade truce is probably temporary

Australian Dollar: USD/AUD (AUD=X) trade truce is probably temporary Australia enjoyed a gain of 44K jobs in August, nearly triple the expectations. Another boost to the Aussie came from the trade war front. The US has not imposed new tariffs on China and negotiations have resumed. Do the talks have a fair chance? This is […]

Buy Emerging Markets as Trade War Bites

Buy Emerging Markets as Trade War Bites

China is the last bulwark against a deep crisis in emerging economies going fully global, analysts say, although a prolonged trade war could sap Beijing’s defences. Emerging countries — loosely defined as having fast growing but volatile economies — have seen their currencies battered in recent weeks, plunging their finances into turmoil, and raising fears […]

Gold Dips on News of Resumed US-China Trade Talks

Gold Dips on News of Resumed US-China Trade Talks

Gold Dips on News of Resumed US-China Trade Talks $GLD, $SLV, $USD Gold pared gains as China became a focus point again The possible progress in the trade dispute pressured the USD. Gold prices dipped Thursday as investors purchased riskier assets instead of seeking a safe-haven in gold, on news a new round of US-China […]

JPMorgan are predicting the next financial crisis to strike in 2020

JPMorgan are predicting the next financial crisis to strike in 2020

JPMorgan are predicting the next financial crisis to strike in 2020 With the 10th anniversary approaching of the catalyst for the last major global stock market crash – the Lehman Brothers’ collapse – strategists from JPMorgan are predicting the next financial crisis to strike in 2020. Wall Street’s largest investment bank analyzed the causes of […]

Japanese Yen: USD/JPY (JPY=X) rebounds sharply and extends daily gains

Japanese Yen: USD/JPY (JPY=X) rebounds sharply and extends daily gains

Japanese Yen: USD/JPY (JPY=X) rebounds sharply and extends daily gains The USD/JPY pair dropped immediately after the release of a lower-than-expected US CPI reading. It fell to 111.35 and then rebounded sharply, breaking on top of 111.60. The greenback also climbed above intraday August highs and reached 111.90, the highest since August 1. As of writing was […]

Australian Dollar: USD/AUD (AUD=X) hits Fibonacci resistance

Australian Dollar: USD/AUD (AUD=X) hits Fibonacci resistance

Australian Dollar: USD/AUD (AUD=X) hits Fibonacci resistance AUD/USD has managed to rebound sharply over the past 24 hours, breaking out of a period of sideways consolidation and into a retracement. This points towards a good bearish selling opportunity coming into the fray, given the deep retracement we have seen. The almost perfect respect of the 76.4% […]

Euro: USD/EUR (EUR=X) consolidates around trendline resistance

Euro: USD/EUR (EUR=X) consolidates around trendline resistance

Euro: USD/EUR (EUR=X) consolidates around trendline resistance EUR/USD has rallied back into the four-hour simple moving average (SMA) resistance overnight, with the pair remaining stuck between the descending trendline resistance and SMA support. That trendline (dating back to June) is back in play now, and we would need to see a break through $1.1659 to signal […]

Can, Will Precious Metals Rise From the Mat?

Can, Will Precious Metals Rise From the Mat?

Can, Will Precious Metals Rise From the Mat? $GLD, $SLV, $MTAFF Gold finished +0.7% to 1210.80 oz in NY Wednesday People are asking me: Can the precious metals rise from the mat? The Big A: Yes. It is important to note that when 2 of the 5 sentiment indicator shift to more positive sentiment, to […]

Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan

Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan

Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan $USD/CNY In New York Wednesday US Dollar (.DXY) Index finished down 0.5% at 94.75, approaching its August low (94.43). The Buck saw some slight strength in overnight trade, but a slide to lows took place after the release of a cooler than expected […]

The EU are the New Nazi’s

The EU are the New Nazi’s

The EU are the New Nazi’s The EU parliament’s vote to trigger Article 7, allowing punitive measures against Hungary, has provoked disbelief and indignation, with commentators describing the “authoritarian” move as contrary to the bloc’s own self-interests. Citing Hungary’s anti-immigration policies and concerns about “media suppression,” the European Parliament voted on Wednesday to invoke the […]

Euro: USD/EUR (EUR=X) held up at SMA support

Euro: USD/EUR (EUR=X) held up at SMA support

Euro: USD/EUR (EUR=X) held up at SMA support EUR/USD has been turning lower from trendline support over the past 24 hours, with the pair seeking to continue the pullback following the late-August rebound. This move lower is likely to continue, yet with the 200-day simple moving average (SMA) on the four-hour chart below, we have a […]

Japanese Yen: USD/JPY (JPY=X) vulnerable to a correction towards 110.77

Japanese Yen: USD/JPY (JPY=X) vulnerable to a correction towards 110.77

Japanese Yen: USD/JPY (JPY=X) vulnerable to a correction towards 110.77 USD/JPY rebounded on chatter of US-China talks but that’s all been given back now and more. The pair is down 50 pips on the day to 111.14 after a quick 10 pip drop in the past few minutes as stops below the earlier session low […]

Australian Dollar: USD/AUD (AUD=X) consolidation unlikely to last

Australian Dollar: USD/AUD (AUD=X) consolidation unlikely to last

Australian Dollar: USD/AUD (AUD=X) consolidation unlikely to last AUD/USD has been consolidating this week, following on from a sharp drop towards the end of last week. Despite the fact that we are trading sideways, there is a good chance we will see another leg lower before long. That being said, given the size of that prior […]

Forex: USD Fell on Canada’s Alignment with President Trump on Trade

Forex: USD Fell on Canada’s Alignment with President Trump on Trade

Forex: USD Fell on Canada’s Alignment with President Trump on Trade $USD/CAD The US fell Wednesday in Asia as sources said Canada was ready to make a concession to the United States to resolve their talks over reworking the North American Free Trade Agreement (NAFTA). US Dollar (.DXY) Index finished littl changed at 95.19, looking to […]

Euro: USD/EUR (EUR=X) surges in early trade

Euro: USD/EUR (EUR=X) surges in early trade

Euro: USD/EUR (EUR=X) surges in early trade Renewed euro strength early on this morning suggests we may see another attempt by EUR/USD to break the $1.1660 area that stifled upward progress last week. If this is broken then the August high at $1.1740 comes into view. The cautiously bullish view would be negated by a move back […]

Australian Dollar: USD/AUD (AUD=X) Business Confidence Falls

Australian Dollar: USD/AUD (AUD=X) Business Confidence Falls

Australian Dollar: USD/AUD (AUD=X) Business Confidence Falls Business confidence in Australia fell to a two-year low, according to the NAB Business Confidence Index released this morning. The index reached 4 in August, considerably lower than last month’s reading of 7 and hit one of the lowest values since October 2016. Nevertheless, NAB’s index that measures […]

The Next Euro Crisis

The Next Euro Crisis

The Next Euro Crisis With trade tensions, an Italian government bucking at deficit limits and emerging market currency woes threatening the eurozone, observers will look to the European Central Bank for reassurance Thursday, while policymakers strive to project stability. Since July, when ECB President Mario Draghi proclaimed “confidence” in the outlook for growth and inflation, […]

Australian Dollar: USD/AUD (AUD=X) The Little Aussie Battler

Australian Dollar: USD/AUD (AUD=X) The Little Aussie Battler

Australian Dollar: USD/AUD (AUD=X) The Little Aussie Battler After gradually selling-off throughout the week, of course due to the increased fears about global growth and emerging markets, the AUD/USD broke through support at 0.7160 late on Friday, as interest rate traders boosted their bets on further interest rate hikes from the US Federal Reserve after US Non-Farm […]

Euro: USD/EUR (EUR=X) testing $1.15 again

Euro: USD/EUR (EUR=X) testing $1.15 again

Euro: USD/EUR (EUR=X) testing $1.15 again Friday’s jobs data knocked EUR/USD back to the $1.15 support level, with a further test of this level this morning. Fresh declines would target the $1.13 level. A move above $1.1660 is needed to suggest a broader move higher is underway, and even then it needs to clear $1.18, which has […]

Argentina Under Pressure

Argentina Under Pressure

Argentina Under Pressure Argentine President Mauricio Macri’s government will continue discussions with the International Monetary Fund this week as efforts to stave off an economic crisis multiply. It will be a crucial week for Macri and his government after a turbulent few months in which the currency has been badly hit by a crisis of […]

Trade War Hits Europe

Trade War Hits Europe

Top officials from the US and EU meet in Brussels on Monday in an effort to iron out differences on trade talks announced to great fanfare this summer. US President Donald Trump and European Commission head Jean-Claude Juncker in July pledged to hold off from further tit-for-tat tariffs and to work towards a limited trade […]

Turkey Must Act to Save Economy

Turkey Must Act to Save Economy

Turkey’s economic growth slowed to 0.9 percent in the second quarter, official statistics showed on Monday, with further declines expected as the impact of the tumble in the value of the lira begins to show up in the data. The second quarter performance was down considerably from the 1.5 percent seasonally-adjusted quarter-on-quarter growth registered in […]

Asia Lower on Trade Fears

Asia Lower on Trade Fears

Donald Trump’s latest threat to impose tariffs on all Chinese imports sent Asian markets tumbling Monday on growing fears of an all-out trade war between the world’s top two economies. The president’s comments Friday added to the uncertainty on trading floors, which have also been hit by a concerns of a brewing financial crisis in […]

Australian Dollar: Economic and political fears continue to weigh down the Australian Dollar USD/AUD (AUD=X)

Australian Dollar: Economic and political fears continue to weigh down the Australian Dollar USD/AUD (AUD=X)

Australian Dollar: Economic and political fears continue to weigh down the Australian Dollar USD/AUD (AUD=X)  The Australian Dollar (AUD) continues to fall considerable amounts with very little relief in sight. Since the high of the calendar year of 0.81356 made on January 18th 2018, AUD/USD has dropped -1,036 pips, creating a staggering -12.74% loss against […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month on not. Key support near 95 on the US Dollar (.DXY) Index could lead to USD strength again, the support is holding.PE Notes: The USD strengthened a […]

British Pound: USD/GBP (GBP=X) rises on Brexit optimism

British Pound: USD/GBP (GBP=X) rises on Brexit optimism

British Pound: USD/GBP (GBP=X) rises on Brexit optimism Yet more Brexit headlines rocked sterling yesterday, but it was enough to push GBP/USDfurther above $1.28 support. From here, we’ll start to see the $1.3040 level, along with downtrend resistance from the May highs. A drop below $1.2773 brings the $1.26 level into view. Overall, the bias in […]

Japanese Yen: USD/JPY (JPY=X) still on the up

Japanese Yen: USD/JPY (JPY=X) still on the up

Japanese Yen: USD/JPY (JPY=X) still on the up USD/JPY has been pushing steadily higher over the past few days, although a close above ¥111.80 still eludes it. Above this, ¥112.20 and then ¥113.00 come into view. A close below ¥110.70 would be needed to suggest more near-term weakness. Overall, the bias in prices is: Sideways. By […]

Australian Dollar: USD/AUD (AUD=X) country’s lenders raised their mortgage rates

Australian Dollar: USD/AUD (AUD=X) country’s lenders raised their mortgage rates

Australian Dollar: USD/AUD (AUD=X) country’s lenders raised their mortgage rates The Australian Dollar slumped Thursday after more of the country’s lenders raised their mortgage rates, potentially scuppering the Reserve Bank of Australia from its own interest rate rise further down the line, leading traders to dump the currency even after a solid set of July […]

Euro: USD/EUR (EUR=X) holds $1.15 again

Euro: USD/EUR (EUR=X) holds $1.15 again

Euro: USD/EUR (EUR=X) holds $1.15 again A choppy day yesterday nevertheless saw EUR/USD finish above the $1.1554 level, in a similar fashion to that seen on Tuesday. A fresh push higher above $1.1660 would target the $1.1730 highs from late August. A break below $1.15 is needed to revive the bearish view. Further gains above $1.1730 would […]

Australian Dollar: USD/AUD (AUD=X) rebound fails to hold

Australian Dollar: USD/AUD (AUD=X) rebound fails to hold

Australian Dollar: USD/AUD (AUD=X) rebound fails to hold AUD/USD managed to rebound overnight, following an impressive set of gross domestic product (GDP) numbers. However, the trend is clearly defined here, and we immediately saw the pair turn lower from the 76.4% retracement. With the price breaking below the $0.7157 level, this would have been a successful […]

Euro: USD/EUR (EUR=X) tumbles following deep retracement

Euro: USD/EUR (EUR=X) tumbles following deep retracement

Euro: USD/EUR (EUR=X) tumbles following deep retracement EUR/USD is selling off after an overnight rally which took us into the 76.4% retracement. This deep retracement allows for better risk-to-reward trade entries. We are now seeing the pair push back towards yesterday’s lows, with the trend looking set to resume once more. Therefore look for a break […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month. Supports are holding.PE Notes: After a quiet Monday due to holidays in USA, the USD strengthened a bit Vs the Euro and Sterling from Tuesday’s session.It […]

Euro: USD/EUR (EUR=X) appears to reaffirm downtrend

Euro: USD/EUR (EUR=X) appears to reaffirm downtrend

Euro: USD/EUR (EUR=X) appears to reaffirm downtrend It may well be that EUR/USD’s downtrend from the April highs has reasserted itself. The pair faltered last week at $1.17, so further declines below $1.15 will support the bearish thesis. This would open the way to support at $1.13. A close above $1.16 would signal that the buyers […]

Australian Dollar: USD/AUD (AUD=X) Target 0.7000

Australian Dollar: USD/AUD (AUD=X) Target 0.7000

Australian Dollar: USD/AUD (AUD=X) Target 0.7000 The Australian Dollar suffered a horror week, falling in late-week trade to around 0.7176, to register lows not witnessed since January 2017. The local unit has faced an uphill battle recently, as interest rate traders progressively reduce bets of an interest rate hike from the RBA any time before […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month. Supports are holding.PE Note: After a quiet Monday due to holidays in USA, the USD could begin strengthening Vs the Euro and Sterling from […]

Euro: USD/EUR (EUR=X) pulls back from recent uptrend

Euro: USD/EUR (EUR=X) pulls back from recent uptrend

Euro: USD/EUR (EUR=X) pulls back from recent uptrend EUR/USD fell below trendline support, with the pair moving into a crucial area of support that will determine the outlook for the week ahead. The pair needed to either break through $1.1746 for a more bullish outlook, or below trendline support to prove that we could be set […]

Australian Dollar: USD/AUD (AUD=X) starts the week in bullish fashion

Australian Dollar: USD/AUD (AUD=X) starts the week in bullish fashion

Australian Dollar: USD/AUD (AUD=X) starts the week in bullish fashion AUD/USD is kicking off the week with a sharp move higher, despite a poor retail sales number overnight. The drop below $0.7238 and $0.7202 last week points towards the wider bearish picture remaining in play. However, given the size of the drop last week, it […]

Euro: USD/EUR (EUR=X) August private sector PMI numbers due out today

Euro: USD/EUR (EUR=X) August private sector PMI numbers due out today

Euro: USD/EUR (EUR=X) August private sector PMI numbers due out today For the EUR, stats through the week include August private sector PMI numbers due out on Monday and Wednesday, July retail sales figures out of the Eurozone on Wednesday, Germany factory orders on Thursday, with finalized 2nd quarter GDP numbers out of the Eurozone and […]

Australian Dollar: USD/AUD (AUD=X) Focus on Economic Data

Australian Dollar: USD/AUD (AUD=X) Focus on Economic Data

Australian Dollar: USD/AUD (AUD=X) Focus on Economic Data For the Aussie Dollar, economic data is on the heavier side, with key stats including July retail sales and 2nd quarter company profit figures on Monday, 2nd quarter GDP numbers on Wednesday, July trade figures on Thursday and home loan figures on Friday. While GDP, trade and retail sales […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early next month (it is happening early). This Supports not holding.PE Notes: The Argentinian Peso at 37.96 has crashed almost 33% from marks near 31.30 to 41.46 […]

Australian Dollar: USD/AUD (AUD=X) continues to weaken following breakdown

Australian Dollar: USD/AUD (AUD=X) continues to weaken following breakdown

Australian Dollar: USD/AUD (AUD=X) continues to weaken following breakdown AUD/USD has been moving lower following a fall below the $0.7307 swing low earlier in the week. The pair has a clearly defined downtrend, which should remain unless we see a rally through the $0.7362 mark. On the flip side, with higher lows and lower highs […]

Euro: USD/EUR (EUR=X) ascent slows as we head into key resistance

Euro: USD/EUR (EUR=X) ascent slows as we head into key resistance

Euro: USD/EUR (EUR=X) ascent slows as we head into key resistance EUR/USD has been trying to rally through the Tuesday peak of $1.1733, with the pair pushing towards the crucial bullish breakout level of $1.1746. So far, however, we have failed to break either of those levels, which points towards a potential period of weakness. […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early next month. This become bigger if certain Support and Resistances hold. PE Notes: Some positive sentiment is swirling around the BREXIT talks helped GBP rally Wednesday. EUR […]

Euro: USD/EUR (EUR=X) rallies into key resistance level

Euro: USD/EUR (EUR=X) rallies into key resistance level

Euro: USD/EUR (EUR=X) rallies into key resistance level EUR/USD has managed to rally through a number of resistance points, with the price almost hitting the $1.1746 high from late August. The ability to rally through this $1.1746-$1.1790 resistance zone is going to be key in determining whether we are set for further upside or not. As […]

Australian Dollar: USD/AUD (AUD=X) turns lower from SMA resistance

Australian Dollar: USD/AUD (AUD=X) turns lower from SMA resistance

Australian Dollar: USD/AUD (AUD=X) turns lower from SMA resistance AUD/USD has started to weaken once again following a rally into the 200-day simple moving average (SMA) resistance on the four-hour chart. The wider context shows a market that is clearly trending lower, and as such it makes sense to look out for another period of […]

Japanese Yen: USD/JPY (JPY=X) break of 111.48 suggests that rebound from 109.76 is resuming

Japanese Yen: USD/JPY (JPY=X) break of 111.48 suggests that rebound from 109.76 is resuming

Japanese Yen: USD/JPY (JPY=X) break of 111.48 suggests that rebound from 109.76 is resuming USD/JPY’s break of 111.48 suggests that rebound from 109.76 is resuming. Intraday bias is back on the upside for 112.14 resistance. Note again that correction from 113.17 should have completed at 109.76 already. Break of 112.14 should target a test on […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: We are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal next month. This become bigger if certain Support and Resistances hold. PE Notes: Important resistances on EUR and on GBP/USD are holding, suggesting that the US Dollar strength cane […]

Euro: USD/EUR (EUR=X) ready to tackle the next resistance at 1.1745

Euro: USD/EUR (EUR=X) ready to tackle the next resistance at 1.1745

Euro: USD/EUR (EUR=X) ready to tackle the next resistance at 1.1745 While we have been expecting a ‘robust recovery’ in EUR since last Tuesday (see update on 21 Aug, spot at 1.1485), the pace and extent of the rally over the past 2 days exceeded our anticipation (note that EUR rose by +1.21% over Friday […]

Japanese Yen: USD/JPY (JPY=X) Rebound has scope to extend higher but 112.14 is likely out of reach

Japanese Yen: USD/JPY (JPY=X) Rebound has scope to extend higher but 112.14 is likely out of reach

Japanese Yen: USD/JPY (JPY=X) Rebound has scope to extend higher but 112.14 is likely out of reach Despite the overall positive indications, USD has not been able to make much headway on the upside as it traded within relatively narrow ranges over the past couple of days. We continue see scope for a higher USD […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: We are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal next month. This become bigger if certain Support and Resistances hold. PE Note: Watch out for crucial resistances on EUR at 1.1675-1.1700 and on Sterling at 1.2872, if breached, […]

Euro: USD/EUR (EUR=X) looking towards the 1.1750 level

Euro: USD/EUR (EUR=X) looking towards the 1.1750 level

Euro: USD/EUR (EUR=X) looking towards the 1.1750 level The Euro rallied significantly during the trading session on Friday, breaking above the shooting star that formed on Wednesday which of course is a very bullish sign. At this point, the market may continue to go higher, but there’s obviously a lot of resistance just above. If […]

Australian Dollar: USD/AUD (AUD=X) below 0.73 handle to see further weakness

Australian Dollar: USD/AUD (AUD=X) below 0.73 handle to see further weakness

Australian Dollar: USD/AUD (AUD=X) below 0.73 handle to see further weakness Based on the current price at .7345, the direction of the AUD/USD into the close is likely to be determined by trader reaction to the 50% at .7327 and the 61.8% level at .7357. Holding inside .7382 and .7238 will suggest investor indecision and […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: This is crucial mark in most currencies. There is the chance that the current USD’s strength could see a correction/reversal next month. This become bigger if certain Support and Resistances hold. PE Notes: USD strength might see a return this week, EUR looks like it might dip from 1.17, RMB […]

Australian Dollar: USD/AUD (AUD=X) Prices May Stall this Week

Australian Dollar: USD/AUD (AUD=X) Prices May Stall this Week

Australian Dollar: USD/AUD (AUD=X) Prices May Stall this Week Friday’s trade saw a significant rally higher in the AUD/USD exchange rates pair. The Australian dollar had continued a massive move lower the previous day (23-08-2018) that began at the 0.7370 value area on the 22nd down to the 0.7239; depending on the data feed this […]

Euro: USD/EUR (EUR=X) Weakness Despite Lack of Support from Eurozone Data

Euro: USD/EUR (EUR=X) Weakness Despite Lack of Support from Eurozone Data

Euro: USD/EUR (EUR=X) Weakness Despite Lack of Support from Eurozone Data The Eurozone’s economic outlook didn’t actually change much last week, but the Euro saw significant gains against the US Dollar regardless. Concerns about the possibility of a Turkish currency crisis persisted, the Eurozone’s August PMI projections were mixed, and Germany’s final Q2 Gross Domestic […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: This is crucial mark in most currencies. There is the chance that the current USD’s strength could see a correction/ reversal next month. This become bigger if certain Support and Resistances hold. PE Note: The US Dollar .DXY Index is up 0.5% at 95.62 5 consecutive losing sessions. […]

Australia: USD/AUD (AUD=X) heavily sold-off amid ongoing Australian political turmoil

Australia: USD/AUD (AUD=X) heavily sold-off amid ongoing Australian political turmoil

Australia: USD/AUD (AUD=X) heavily sold-off amid ongoing Australian political turmoil The Australian Dollar was the worst performing G10 currency Thursday as Asian markets went into “risk off” mode ahead of US-China trade talks in Washington and as pressure mounts on Prime Minister Malcolm Turnbull to either resign or allow another confidence ballot. “The start of […]

Japanese Yen: USD/JPY (JPY=X) hits trendline resistance

Japanese Yen: USD/JPY (JPY=X) hits trendline resistance

Japanese Yen: USD/JPY (JPY=X) hits trendline resistance Silver markets have grounds sideways for some time, over the last several days. The $14.80 level has been a bit of an anchor for price, but above there I see the $15.00 level as being massive resistance. Short-term rallies will of course offer selling opportunities as that is […]

Euro: USD/EUR (EUR=X) hits 50-day moving average

Euro: USD/EUR (EUR=X) hits 50-day moving average

Euro: USD/EUR (EUR=X) hits 50-day moving average Silver markets have grounds sideways for some time, over the last several days. The $14.80 level has been a bit of an anchor for price, but above there I see the $15.00 level as being massive resistance. Short-term rallies will of course offer selling opportunities as that is […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: The US Dollar (.DXY) Index is lower by 0.2% at 95.01. .DXY slipped beneath the 50-Day MA in early Wednesday, came off its lows in the US.  .DXY track it 5th straight decliner. USD saw afternoon selling after the FOMC Minutes from the August meeting acknowledged the presence […]

Japanese Yen: USD/JPY (JPY=X) unchanged ahead of Japanese inflation reports

Japanese Yen: USD/JPY (JPY=X) unchanged ahead of Japanese inflation reports

Japanese Yen: USD/JPY (JPY=X) unchanged ahead of Japanese inflation reports The Japanese yen is unchanged in the Wednesday session. In the North American session, USD/JPY is trading at 110.42, up 0.11% on the day. In economic news, Japanese All Industries Activity declined by 0.8%, missing the estimate of -0.7%. The U.S releases Existing Home Sales, which […]

Australian Dollar: USD/AUD (AUD=X) as moved into a consolidation phase

Australian Dollar: USD/AUD (AUD=X) as moved into a consolidation phase

Australian Dollar: USD/AUD (AUD=X) as moved into a consolidation phase We highlighted yesterday (20 Aug, spot at 0.7310) that the odds for further AUD weakness have diminished and the subsequent break of the 0.7330 ‘stop-loss’ was not exactly unexpected. The outlook for AUD has shifted to neutral now and we view the current price action […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: US Dollar (.DXY) Index off 0.8% at 95.12, back at August lows. USD retreated in overnight action, but climbed off its low in early-morning trade, the rebound was short-lived, as .DXY saw resistance near its Monday’s closing mark. Intra-day action saw a move to the overnight low, […]

Australian Dollar: USD/AUD (AUD=X) Analysts divided as some forecast stability

Australian Dollar: USD/AUD (AUD=X) Analysts divided as some forecast stability

Australian Dollar: USD/AUD (AUD=X) Analysts divided as some forecast stability The Australian Dollar edged higher from August’s two-year lows Tuesday as investors rotated back into “risk assets” after President Trump criticised the Federal Reserve for its tightening of US monetary policy, which has been a source of pressure on other currencies this year. Australian Dollar to US […]

Euro: USD/EUR (EUR=X) Watching the 1.15008/10 band Level

Euro: USD/EUR (EUR=X) Watching the 1.15008/10 band Level

Euro: USD/EUR (EUR=X) Watching the 1.15008/10 band Level EUR/USD’s bounce off the November 2016 high at 1.1300 has further to run and targets the May and June lows at 1.1508/10. Should a drop and daily chart close below the 1.1300/1.1296 November 2016 and mid-June 2017 highs be seen, however, the 61.8% Fibonacci retracement of the […]

Australian Dollar: USD/AUD (AUD=X) resistance at 7336

Australian Dollar: USD/AUD (AUD=X) resistance at 7336

Australian Dollar: USD/AUD (AUD=X) resistance at 7336 Price is extending sideways grind along 1H 200-SMA resistance. Break above could see upside till 21-EMA. Price is currently holding above 5-DMA and break below will see test of Wedge base at 0.72. Violation at Wedge base to see resumption of weakness. Next major bear target lies at […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:.DXY was little changed at 96.73 as it saw some selling pressure after marking a 14-month high in morning trade. President Donald Trump has repeatedly called for a weaker USD in a bid to help US exporters, his recent trade policies, including the imposition of import tariffs on some Turkish goods, have had the opposite […]

Japanese Yen: USD/JPY (JPY=X) gains ground as greenback loses luster

Japanese Yen: USD/JPY (JPY=X) gains ground as greenback loses luster

Japanese Yen: USD/JPY (JPY=X) gains ground as greenback loses luster USD/JPY recovered to 111.42 last week but failed to extend gain and retreated. Initial bias is neutral this week first. And near term outlook is unchanged. The corrective decline from 113.17 might extend lower. But downside should be contained by 38.2% retracement of 104.62 to […]

Australian Dollar: USD/AUD (AUD=X) flat for the week

Australian Dollar: USD/AUD (AUD=X) flat for the week

Australian Dollar: USD/AUD (AUD=X) flat for the week We had expected the level at 0.7207 might act as support, as it had acted previously as both support and resistance. Note how these “flipping” levels can work well. The H1 chart below shows the how the price returned to hit and reject the level during the […]

Euro: USD/EUR (EUR=X) showing early signs of a change in trend

Euro: USD/EUR (EUR=X) showing early signs of a change in trend

Euro: USD/EUR (EUR=X) showing early signs of a change in trend While still in its early stages and vulnerable to a breakdown, the fledgling uptrend will probably endure over coming days now the exchange rate has formed two higher-highs and two higher lows on the 4-hour chart – a major indicator of early stage changes […]

Europe is an Economic Disaster

Europe is an Economic Disaster

Greece will formally turn the page on its debt saga this week, but the eurozone remains vulnerable to further crises, with economists particularly worried about the situation in Italy. After eight long years and three austerity-heavy bailouts, Athens will on Monday formally leave the financial rescue umbrella of its creditors from the EU and International […]

HEFFX Update

HEFFX Update

HEFFX Update We have continued to move along the path to the name change, restructure and launch. Interest in our blockchain services has continued to increase even though cryptocurrencies have taken a hit of late. The future application of blockchain technology will become a ubiquitous part of everyday life and HEFFX has one of the […]

G-Bit Targets Belt and Road Ecommerce

G-Bit Targets Belt and Road Ecommerce

G-Bit Targets Belt and Road Ecommerce G-Bit has announced the acquisition of a cross border ecommerce platform that incorporates WeChat, Alipay, Bitcoin and Tmall in to a seamless online venue for everything from Real Estate to Retail. The company acquired has investments in Real Estate and manufacturing that will fill the distribution channel created by […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:.DXY was little changed at 96.73 as it saw some selling pressure after marking a 13-month high in morning trade. President Donald Trump has repeatedly called for a weaker USD in a bid to help US exporters, but his recent trade policies, including the imposition of import tariffs on some Turkish […]

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