Technical analysis of GBP/JPY for August 16, 2017

The targets which we predicted in the previous analysis have been achieved. GBP/JPY is under pressure and expected to trade in a lower range. The pair recorded lower tops and lower bottoms, which confirmed a negative outlook. The declining 50-period moving average suggests that the prices have a potential for a further decline. The relative Read more about Technical analysis of GBP/JPY for August 16, 2017[…]






Crude Oil Flat As Retail Sales Rise

Crude oil futures were flat Tuesday, snapping back from early losses ahead of U.S. inventories data due over the next day. This afternoon the American Petroleum Institute releases its industry survey, while the government’s EIA report is out tomorrow morning. Both sources have shown a big drop in U.S. oil inventories from record highs seen Read more about Crude Oil Flat As Retail Sales Rise[…]






NY Fed's Dudley: Cohn Is "Reasonable Candidate" To Lead Fed

New York Fed President William Dudley on Tuesday said Gary Cohn, a former Goldman Sachs executive now serving as President Donald Trump’s economic adviser, would make a “reasonable candidate” to lead the central bank if current head Janet Yellen is replaced. In an interview with AP, Dudley also said he would be in favor of Read more about NY Fed's Dudley: Cohn Is "Reasonable Candidate" To Lead Fed[…]






Gold Rally Pauses Amid Upbeat Economic News

Gold futures edged lower Tuesday, but losses were subdued as stocks failed to rally for a second day. Lingering geopolitical concerns and President Donald Trump’s handling of white nationalist violence overshadowed upbeat economic news. Gold was down $9.80 at $1280 an ounce, staying near recent 8-week highs. The National Association of Home Builders released a Read more about Gold Rally Pauses Amid Upbeat Economic News[…]






IMF Raises China 2018-2020 Growth Outlook

The International Monetary Fund raised the growth outlook for China for the period between 2017 to 2021, but cautioned that the projected sharp increase in non-financial sector debt could hurt growth. In its latest Article IV consultation report released on Tuesday, the Washington-based lender increased the growth forecast for the world’s second largest economy for Read more about IMF Raises China 2018-2020 Growth Outlook[…]






U.S. Housing Market Index Jumps More Than Expected In August

After reporting decreases in U.S. homebuilder confidence in the two previous months, the National Association of Home Builders released a report on Tuesday showing a rebound in confidence in the month of August. The report said the NAHB/Wells Fargo Housing Market Index jumped to 68 in August from 64 in July. Economists had expected the Read more about U.S. Housing Market Index Jumps More Than Expected In August[…]






Trading plan for EUR/USD and GBP/USD for August 15, 2017

Technical outlook: The story in EURUSD continues to be bearish as we have been trading the entire last week. The pair has just remained shy of hitting fresh lows today and hence we are presenting an alternate scenario on the short-term hourly chart. The entire drop from 1.1910 levels through 1.1687 levels is labelled as Read more about Trading plan for EUR/USD and GBP/USD for August 15, 2017[…]






Franc Mixed Ahead Of Swiss Producer And Import Prices

At 3.15 am ET Tuesday, Swiss producer and import prices are due. Economists forecast producer and import prices to remain flat in July after falling 0.1 percent in June. Ahead of the data, the franc traded mixed against its major opponents. While the franc fell against the greenback and the pound, it rose against the Read more about Franc Mixed Ahead Of Swiss Producer And Import Prices[…]






Antipodean Currencies Rise As Asian Stock Markets Extend Gains

Antipodean currencies such as the Australian and the New Zealand dollars strengthened against their major counterparts in the Asian session on Tuesday, as Asian stock markets traded higher, extending gains from the previous session, as fading concerns about tensions between the U.S. and North Korea boosted risk appetite. In economic news, members of the Reserve Read more about Antipodean Currencies Rise As Asian Stock Markets Extend Gains[…]