XAU/USD Index - "U.S. 3Q GDP figures released on Friday showed the economy grew at an annualized pace of 2.9% q/q, topping estimates for a print of just 2.6%. The Core Personal Consumption Expenditure, (PCE), the Fed’s preferred gauge of inflation, also beat consensus with a print of 1.7% q/q. Still, the data is unlikely to move the needle for the monetary policy outlook, with Fed Fund Futures still pricing in just a 17% chance of a hike this month as expectations for a December rate-hike hold decision steady at nearly 75%. For gold, the implications are for more sideways price action with next week’s event risk likely to charge considerable volatility in prices."
USD/CAD Index - "Next week brings two major economic prints that could certainly add volatility into the Canadian Dollar. On Tuesday, GDP numbers will be unveiled and on Friday, at the same 8:30 release as U.S. Non-Farm Payrolls, Canadian employment data for the month of October will be released to markets. On Tuesday Canadian GDP for the month of August will be released, and of recent this has become a disconcerting data point for Canada after July’s contraction of -.4%; and this followed a 2nd quarter print that also saw GDP shrink by -.4%. The expectation for GDP is to come in at a gain of .2%, annualized at 1.3%. Should this come in below expectations, we’ll likely see some additional CAD weakness enter the picture as markets factor in a slightly-higher probability of an eventual increase in QE."
USD/CNH Index - "Despite Yuan’s losses to the Dollar, the Chinese currency has maintained relatively stable against a basket of currencies, which meets China’s exchange rate target. As long as this target is satisfied, the Central Bank may continue to let the Yuan move in response to market pressure, which leaves room for the Dollar/Yuan to advance further. The regulator watches three Yuan indexes that measure Yuan’s value against a currency basket. The prints for this week will not be available until next Monday, but we can conduct some simple calculations to get a rough idea of Yuan moves against a basket of currencies. The four currencies, the U.S. Dollar, the Yen, the Pound and the Euro, take up the largest proportions in all three Yuan Indexes: 66.33% in CFETS, 53.50% in BIS Yuan Index and 100% in SDR Yuan Index. We can take a look at Yuan moves against these major currencies."
DAX Index: Short-Term Levels for direction of the trend (adapted from the article)
H1 price is located within 100 SMA/200 SMA ranging levels in the bullish area of the chart to be above 200 SMA levels.
If the price breaks 10,707
resistance level on close hourly bar to above so the primary bullish trend will be resumed with 10,720/10,749 bullish targets.If H1 price breaks 10,635 support level on close bar to below so the reversal of the price movement from the ranging bullish to the primary bearish market condition will be started with 10,581 target.If not so the price will be on bullish ranging within the levels.
AUD/USD Intra-Day Fundamentals: RBA Cash Rate and 43 pips range price movement
2016-11-01 03:30 GMT | [AUD - Cash Rate]
if actual > forecast (or previous one) = good for currency (for AUD in our case)
[AUD - Cash Rate] = Interest rate charged on overnight loans between financial intermediaries.
From official report:
AUD/USD M5: 43 pips range price movement by RBA Cash Rate news event
USD/CNH Intra-Day Fundamentals: Caixin Manufacturing PMI and 53 pips range price movement
2016-11-01 01:45 GMT | [CNY - Caixin Manufacturing PMI]
if actual > forecast (or previous one) = good for currency (for CNY in our case)
[CNY - Caixin Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
USD/CNH M5: 53 pips range price movement by Caixin Manufacturing PMI news event
USD/CAD Intra-Day Fundamentals: Canada's Gross Domestic Product and 25 pips range price movement
2016-11-01 12:30 GMT | [CAD - GDP]
if actual > forecast (or previous one) = good for currency (for CAD in our case)
[CAD - GDP] = Change in the inflation-adjusted value of all goods and services produced by the economy.
USD/CAD M5: 25 pips range price movement by Canada's Gross Domestic Product news event
Intra-Day Fundamentals - EUR/USD, USD/CAD and USD/JPY : Manufacturing ISM Report On Business2016-11-01 14:00 GMT | [USD - ISM Manufacturing PMI]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - ISM Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
EUR/USD M5: 23 pips range price movement by ISM Manufacturing PMI news events
USD/CAD M5: 19 pips range price movement by ISM Manufacturing PMI news events
USD/JPY M5: 33 pips range price movement by ISM Manufacturing PMI news events
AUD/USD Intra-Day Fundamentals: Australia Building Approvals and 36 pips range price movement
2016-11-02 00:30 GMT | [AUD - Building Approvals]
[AUD - Building Approvals] = Change in the number of new building approvals issued.
AUD/USD M5: 36 pips price movement by Australia Building Approvals news event
Brent Crude Oil Intra-Day Technicals: breakdown or Rally? (adapted from the article)
H4 price is located below 100 SMA/200 SMA reversal levels in the bearish area of the chart. The price is on breaking 47.83 support level to below for the bearish breakdown to be continuing.
prices have declined to test a daily value of support near today’s low
of $46.26. This price decline has been predicated on some OPEC members
hinting that they may be unwilling to cut production going into a
meeting in Vienna later this month. This news has left many Oil traders
sidelined, as prices may be prepared to bounce higher or breakout lower
at current levels."