Gold rose yesterday as we saw the US dollar emerging weaker. The dollar, as reflected in the DXY Currency Index, fell 0.17% yesterday, which reduced last week’s gains. The DXY Currency Index is priced against the basket of major world currencies such as the Swiss franc, the euro, Japanese yen, the Swedish krona, the Canadian dollar, and … More Weaker Dollar .. – Up Gold … Predictions
Since that inflection, we’ve seen USD-weakness permeate across markets as investors have been pricing-out that first rate hike from the Fed; and accordingly USD/CHF has gyrated below support levels at .9681 and .9600. But the fact that USD/CHF hasn’t fallen further, as dollar-weakness appeared more pronounced against other currencies, highlights the fact that this could … More APPROACHING IMPORTANT RESISTANCE AREA
Technical Outlook NZDCAD posts outside-day reversal off long-term resistance confluence- bearish Interim support at highlighted region into 8700- Break to mark larger correction lower Subsequent support objectives at 8605 & 8535 Key resistance 8905/38 – bearish invalidation Event Risk Ahead: Bank of Canada (BoC) Interest Rate Decision tomorrow, Retail Sales on Thursday and Canada Consumer … More NZDCAD Posts Outside Day Reversal
The US economy appears to have entered a soft patch at the end of Q3’15, further supporting the Federal Reserve’s decision to keep rates on hold in September. Even though the Fed is gathering for its October policy meeting, in recent weeks market measures of rate expectations have all but priced out a rate hike … More EUR/USD Dips after Durable Goods, but Signs Point to US Economy Slowing
PBY Pep Boys – Manny, Moe & Jack 14.98 +2.84 +23.33% 18,572,660 QUNR Qunar Cayman Islands Limited 43.03 +3.51 +8.88% 12,278,967 CHNR China Natural Resources Inc. 2.29 +0.23 +11.32% 27,996 TREE LendingTree, Inc. 118.47 +20.47 +20.89% 942,667 GGAL Grupo Financiero Galicia S.A. 24.03 +2.73 +12.82% 1,228,278 VBIV VBI Vaccines Inc 2.67 … More Before the Monday bell ring
The Australian and New Zealand Dollars outperformed following an unexpected round of PBOC interest rate cuts. China’s central bank cut rates for the sixth time in a year, lowering the one-year lending and deposit rates by 25bps to 4.35 and 1.5 percent, respectively. The reserve requirement ratio for all banks was also lowered by 50bps, … More Australian and New Zealand Dollars Rise as China Cuts Interest Rates
The European Central Bank surprised at their meeting on Thursday, and now market participants are discounting the next wave easing to commence in December. Two EUR-crosses stood out in particular this week, given their reaction to the ECB and their respective ensuing significant responses: EUR/USD declined sharply by -3.00% to $1.1011, breaking its uptrend from … More EUR/USD Weakness Resuming as ECB Signals Next Move
EUR/CHF EUR/USD … More Forex Trading
Wealth is a Mindset . . 