FOREX NEWS HEADLINE

May 26, 2017

Weekly Trading Forecast: Potent Event Risk Portends Volatility

Financial markets face a steady stream of heavy duty scheduled event risk that is likely to make for ample volatility across the asset spectrum in the week ahead.

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May 26, 2017

US Dollar Faces Trial By Fire as Top Tier Data Hits the Wires

The US Dollar faces a challenging week ahead as a steady stream of top-tier economic data and lingering political uncertainty fears threaten to derail its nascent recovery.

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May 26, 2017

Australian Dollar May Wobble If Housing, China Data Disappoint

The Australian Dollar could be in for trouble in the week ahead if local housing data and Chinese manufacturing numbers continue recent trends.

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May 26, 2017

Yuan Eyes Chinese PMI after PBOC Revises Reference Rate Mechanism

China announced to add a “counter-cyclical” component to the Yuan fixing calculation, designated to guide markets to focus more on fundamentals. With this revised mechanism, Chinese PMI prints to be released next week could weigh heavily on Yuan rates.

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May 26, 2017

Will European Inflation Keep the Taper Trade Running?

European data has driven strength into the currency despite the ECB’s continued insistence that taper has yet to be discussed. Will next week’s inflation prints provide even more fuel to this fire?

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May 26, 2017

British Pound: It All Depends on the Election Opinion Polls

After Friday’s surprise opinion poll showing the ruling Conservatives with just a five percentage point lead over Labour ahead of the UK General Election, the Pound’s direction will depend on this week’s polls.

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May 26, 2017

Oil: Might be Tough to Revisit the Recent Highs

The latest OPEC production cut extension sent oil lower, a potentially bearish signal.

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May 26, 2017

Gold, Silver Prices Reach for Resistance

The metals are approaching near-term resistance levels on this stretch higher. Here are the updated targets & invalidation levels that matter into the close of the week.

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May 26, 2017

G7, Euro Inflation and NFP to Drive FX Markets Next Week

The bullish theme in the Euro moves into the spotlight next week, and U.S. data on Thursday and Friday may finally help the Greenback carve out a bottom.

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May 26, 2017

Yen May Extend Gains on G7 Rancor as US Dollar Falls on GDP Data

The Japanese Yen may extend Asia-session gains as rancor at the G7 leaders’ meeting sours the markets’ mood. The US Dollar may fall as revised US GDP data disappoints.

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May 26, 2017

Gold Prices Coil Up, May Break Upward on US GDP Data

Gold prices may break upward from an increasingly narrow consolidation range if a revised set of first-quarter US GDP figures falls short of analysts’ expectations.

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May 25, 2017

Yuan, Chinese Stocks Gain after Moody’s Downgrade - What’s Next?

How long will rallies seen in Yuan-denominated assets last?

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May 25, 2017

Kiwi Flies Towards Resistance

The breakout in NZD/USD is approaching structural resistance just higher. Here are the updated targets & invalidation levels that matter into the close of the week.

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May 25, 2017

Buy the Rumor, Sell the News: OPEC Extends Cuts, Oil Prices Fall

A widely-expected extension of a previously agreed upon production cut was announced by OPEC this morning. Oil prices fell on the news, raising the question: Are current production cuts enough to provide long-term support to Oil prices?

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May 25, 2017

Crude Oil Prices Stall as OPEC Readies Output Cut Extension

Crude oil prices snapped a five-day winning streak as markets prepared for a widely expected extension of an OPEC-led output cut scheme. Further weakness may be ahead.

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May 25, 2017

British Pound Vulnerable to Downbeat UK GDP Revision

The British Pound may be more sensitive to a downbeat first-quarter UK GDP revision versus the alternative while recent news-flow hints disappointment is likely.

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May 24, 2017

USD/CAD Hits Fresh May Low, RSI Flashes Bearish Signal on Upbeat BoC

USD/CAD slips to a fresh monthly low of 1.3430 as the Bank of Canada (BoC) struck an improved outlook for the Canadian economy.

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May 24, 2017

USD/MXN: Wall of Resistance Holds, Now What?

USDMXN has been testing support at the 2017 low-day close for the past few days. Here are the updated targets & invalidation levels that matter.

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May 24, 2017

FOMC Minutes, BoC Rates and USD/JPY Bulls Re-Emerge

Today brings two Central Banks to the forefront for global markets. But its the moves under-the-surface that should garner the most attention from traders and market participants.

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May 24, 2017

USD/CAD Risks Larger Pullback on Less-Dovish BoC

USD/CAD stands at risk of extending the recent series of lower highs & lows should the Bank of Canada (BoC) soften its dovish outlook for monetary policy.

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May 24, 2017

US Dollar May Rise as FOMC Minutes Revive Rate Hike Appeal

The US Dollar may rise as minutes from May’s FOMC policy meeting shows central bank officials remain committed to a robust interest rate hike cycle.

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May 23, 2017

Gold Prices May Turn Lower on Upbeat FOMC Meeting Minutes

Gold prices may decline as minutes from May’s FOMC policy meeting suggest the central bank’s 2017 interest rate hike program remains on track.

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May 23, 2017

Bitcoin Sets Records amid Elevated Risk, Yuan Eyes Upper Bound ahead of FOMC

The digital currency faces increasing risks despite of its record-setting run; the offshore Yuan is at key resistance level ahead of May FOMC minutes.

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May 23, 2017

Crude Oil Prices Target Resistance Ahead of OPEC

Crude oil prices are testing daily resistance on this stretch ahead of Thursday’s OPEC meeting. Here are the updated targets & invalidation levels that matter.

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May 23, 2017

EUR/USD Stretches to Fresh Yearly Highs- Levels to Know From Here

The rally turned just ahead of technical resistance with the immediate long-bias vulnerable. Here are the updated targets & invalidation levels that matter.

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