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Major Cycle Low Upcoming in Gold There is a major cycle low looming for gold prices. Ideally it should arrive as a price low in late 2016. But based on history, it could arrive anytime between August 2016 and March 2017, and still fit within the normal tolerance...
Dollar’s Up Move Not Confirmed by Stocks Some people think they know what the relationship is between the US Dollar Index and stock prices. But as I noted in a Chart In Focus article over a year ago, the correlation between stocks and the dollar regularly flips from positive to inverse...
Major Cycle Low Upcoming in Gold There is a major cycle low looming for gold prices. Ideally it should arrive as a price low in late 2016. But based on history, it could arrive anytime between August 2016 and March 2017, and still fit within the normal tolerance...
S&P 500 erases last week's decline In a few minutes of trading, the S&P 500 erased last week's 1.2% decline. The index is up 26 points to 2097. That's the largest gain since a 28 point rally on May 24...
That was quick The GBPUSD is testing the topside target outlined as an extreme level. That area comes in at 1.4633-1.4666. The level corresponds with swing highs (see green circles in the chart below) - the most recent earlier this month (see daily chart...
Reserve Bank of India governor over the wires 20 June 2016 India can't abandon inflation to focus on growth can't have it both ways, wanting lower inflation and lower rates The RBI governor very much on the front foot in the wake of his surprise announcement at the weekend not to serve a second t...
Former BOE Financial Stability Head John Gieve speaking to Bloomberg 20 June 2016 while Brexit could mean interest cuts or other stimulus to support growth the Governor may also have to be wary of increasing falls in the pound There will be a shock to demand, so that means there will be something...
Brexit talk will dominate The economic calendar won't be the source of much drama today. Scheduled news includes minor data and a couple speeches. It starts at the bottom of the hour with Canadian wholesale trade sales at 8:30 am ET (1230 GMT). The consensus is +0.5% after a -1.0% fall in March...
Canada April wholesale trade sales data First gain following two months of declines Prior was -1.0% (revised to -0.8%) Weak on the headline but a touch stronger on the revision. Inventories -0.3...
S&P 500 futures up 27.5 points European stocks are soaring and the US market is slated to follow suit. Bourses across Europe are up 2.8% to 3.7% as the odds of a Brexit tumble. The US market is slated to gain about 1.3% at the open after a 1.2% decline last week...
Summary : Target Level : 0.7496 Target Period : 2 days Analysis : Channel Down has broken through the resistance line at 20-Jun-00:00 2016 GMT. Possible bullish price movement forecast for the next 2 days towards 0.75...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, June 20th GBP/USD jumped for more than 100 pips this morning...
Pound buyers prevailing as European trading unfolds 20 June 2016 Highs now of 1.4672 for cable after a test of the 1.4550 support/area that I highlighted earlier. More layers of offers/res into 1.4680-1.4700/20 with stops above if breached. EURGBP has broken down through the 0...
The main event this week will be the long awaited UK’s EU referendum. Considered by many to not only be the single biggest trading event this year but potentially the biggest planned risk event ever, Thursday is set to be a historic day and the referendum a once in a lifetime trading opportunity...
Mr K on Bloomberg. Is he saying his cup is half full or half empty...
USD: Back to Bullish. Bullish. We expect volatility to increase this week, keeping the USD bid as investors demand for safe haven assets...
BOJ governor Kuroda back across the wires 20 June 2016 inflation expectations observed in practice are highly sticky and change only slowly firmly stabilising inflation expectations at desired level represents and unprecedented difficult challenge changing deflationary mindset absolutely necessar...
By Peter Brandett I have absolutely no control if the next trade or series of trades will be profits or losses. However, with a proper Trade Management process, I know that I only have control over: The patterns I identify as trading opportunities – do they meet a certain standard...
Positive tones as expected on Brexit fears abating 20 June 2016 FTSE +2.1% DAX +2.4% CAC40 +2.6% FTMIB +1.6...
China's fx regulator,SAFE, out with their latest data 20 June 2016 Jan-May total sales USD 161bln This is effectively the level of PBOC intervention which is executed through the banks. Lesser activity as already highlighted the slower pace of FX reserve reduction. Says SAFE...
