$USD $DXY The global demand for USDs that was a Key safe-haven buy in the early days of The China Virus have passed, the latest milestone in the fast turnaround in financial conditions engineered by the Fed and other Top central banks. Data from the Fed last Thursday showed central banks around the world tapped […]
$USD Last time I looked, USD was on pace for a weekly loss Friday as the Fed’s massive new Big Bang lending program for small companies and sa slowdown in coronavirus infections reduced safe-haven demand. The GBP pulled ahead against the dollar and the euro as markets breathed a sigh of relief after British PM […]
$XAU, $GLD, $USD, $EUR Russia’s central bank gold reserves are now valued at more than $100-B Emerging markets have been adding gold holdings regardless the prices are near their highest marks in more than 6 years, as countries such as Russia and China diversify their Fx reserves, this is a trend that is likely to […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The market is looking for a Dovish stance from the FOMC when it comes to its interest rate projections for Y 2019. Everything will come into view at 2:00p EST Wednesday Investors in pain from a difficult year hope the Fed will align with President Trump’s ‘demand’ for dovishness in […]
Companies from China and the United States are concerned about the impact of trade tensions between the world’s top two economies after the United States began imposing a 25-percent additional tariff on Chinese products worth 34 billion U.S. dollars Friday. China’s customs authority announced that additional tariffs for some imports from the United States worth […]
USD to Continue in Downward Trend Begun Early in 2017 $USD, $CNY The financial markets got some insight into The Trump Administration’s Fx (foreign-exchange) policies. Monday, US President Donald Trump accused Russia and China of devaluing their currencies while the United States raises interest rates, prompting China to accuse the United States of sending confusing […]
Xi Jinping Thoughts on Socialist Economy with Chinese Characteristics for a New Era has taken shape, said the statement. The tone-setting meeting described the thought as the “theoretical crystallization” of the past five years of practice in pushing forward China’s economic development, the “latest fruit” of socialist political economy with Chinese characteristics, and the “extremely […]
China is set to roll out a yuan-denominated oil contract as early as this year. Analysts call the plan, announced by Beijing in September, a huge move against the dollar’s global dominance. The so-called petro-yuan is a “wake up call” for investors who haven’t paid attention to the Chinese plans, according to the head of […]
FX Week Ahead Raffi Boyadjian, XM Investment Research Desk Industrial output and retail sales data will dominate the economic calendar week, and inflation and employment will also be in focus. However, the week looks set to be a less dramatic one from the past seven days with policy meetings by the Bank of England and […]
After dropping as low as $29.55 in early June, the Westpac Banking Corp (ASX: WBC) share price has gone on an impressive run and reached as high as $32.74 last week. By comparison, the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has been flat during the same period. Is it too late to buy Westpac […]
FX Trading Week Ahead Global Overview Macron wins the French election but Euro fades. Tensions remain high in North Korea. Dollar mixed despite strong Non-Farm Payrolls report on Friday. EU making a lot of BREXIT Noise. China’s Trade Surplus Beats Forecasts. Crude oil prices still look vulnerable after snapping a 5-day losing streak. Another big […]
Asian Market Points to Lower Open on Wall Street Asian stock markets slipped and the dollar held its ground today after the US Federal Reserve’s latest assessment of the U.S. economy reinforced expectations for more interest rate increases later this year. European shares rose after an index of economic activity rose to a six-year high. […]
ASEAN Market Preview China’s main indexes fell for their fourth straight session on Wednesday, as investor worries deepened that tighter regulations against speculation and shadow banking will hurt the country’s credit-fuelled recovery. The blue-chip CSI300 index fell 0.5 percent to 3,445.88 points, while the Shanghai Composite Index lost 0.8 percent to 3,170.69 points. Small-caps stocks, […]
Janet Yellen on Friday signaled that an interest rate hike in this month’s monetary policy will likely be appropriate, if the economy progresses in line with officials’ expectation. “At our meeting later this month, the (Federal Open Market) Committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in […]
HSI HANG SENG INDEX closed down -48.420 at 23,728.070. Volume was 24% above average (neutral) and Bollinger Bands were 10% narrower than normal. Open High Low Close Volume___ 24,044.48024,080.86923,694.33023,728.0702,111,361,280 Technical Outlook Short Term: Oversold Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 23,959.63 23,032.70 22,401.93 Volatility: 10 12 17 Volume: 1,909,525,248 […]
2017 – the Year of the Trader – for FX Macros and Beyond by Bill Hoerter / MTS-FX How about a few headlines: The US is clearly out of its roughly five year hold on interest rates. BIG news. Our new POTUS has committed to growth, and campaigned on lowering corporate taxes, repatriating offshore capital […]
AUDUSD Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 32.30. The projected upper bound is: 31.94. The projected lower bound is: 31.18. The projected closing price is: 31.56. Australian Dollar closed up 0.043 at […]
Trading Outlook New Taiwan Dollar (NT$) ⇨ US Dollar ($) (TWDUSD) Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 32.31. The projected upper bound is: 31.98. The projected lower bound is: 31.21. The projected closing price […]
HEFFX Chinese Yuan (CN¥) Trading Outlook FOREX CNY= closed up 0.002 at 6.678. Volume was 21% below average (neutral) and Bollinger Bands were 21% narrower than normal. Open High Low Close Volume___ 6.682 6.683 6.676 6.678 2,338 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 6.68 […]
China News: CNY Headed Towards 7 FOREX CNY= closed up 0.006 at 6.687. Volume was 2% below average (neutral) and Bollinger Bands were 90% wider than normal. Open High Low Close Volume___ 6.680 6.687 6.679 6.687 2,771 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 6.68 […]
Understanding Support & Resistance At HEFFX we use Metastock, by far the best analysis tool on the market. Think of security prices as the result of a head-to-head battle between a bull (the buyer) and a bear (the seller). The bulls push prices higher and the bears push prices lower. The direction prices actually move […]
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators. Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas […]
China Implements Fx Trading Reforms $USDCNY The RMB Yuan is facing renewed devaluation pressure over expectations of a US Fed rate hike, but a large RMB Yuan devaluation is unlikely as China continues its market-oriented Fx (foreign exchange) reform. The central parity rate, or the fixing rate of the Chinese currency, had been weakening since […]
Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Outlook FOREX CNY= closed up 0.019 at 6.581. Volume was 11% above average (neutral) and Bollinger Bands were 39% wider than normal. Open High Low Close Volume___ 6.578 6.582 6.574 6.581 2,418 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period […]
HeffX-LTN FX Report (Daily) $EURUSD, $GBPUSD, $USDJPY, $USDCHF, $AUDUSD, $NZDUSD The USD trimmed gains but remained supported Vs the other peer currencies Wednesday, as FX investors became more cautious ahead of the minutes of the Federal Reserve’s most recent policy meeting due later in the day. USDJPY climbed 0.49% to 109.68. FX market participants were […]