A late bloom of volatility this past week will be met with a broad range of fundamental fuel spanning from sentiment surveys to August NFPs and Jackson Hole Symposium to G-20 summit.
It has been months since the market has looked at the Dollar with as much interest as the currency was paid through the close of this past week.
The Australian Dollar may continue to fall for a third week as US jobs data bolsters Fed rate hike speculation while domestic news-flow sends dovish signals.
The New Zealand Dollar has lost the pace of its recent rise, but the trend remains definitively higher. Economic data continues to be more positive than economist’s expectations as even the recent 25bp rate cut was less than some that expected a possible 50bp cut.
Fed Chair Yellen’s comments on monetary policy on Friday led to the widest trading range of the week for the Dollar/Yuan after relatively quiet price action for the four days prior.
Canadian economic data of recent hasn’t been very positive; and this makes the Canadian economy like pretty much every other major economy on the planet Earth at the moment, where a lack of growth coupled with continued disappointment in economic numbers is painting a fairly negative picture for near-term economic prospects.
The Japanese Yen fell versus the US Dollar for the first week in five on the heels of a US Federal Reserve-led Dollar surge.
The key developments coming out of the U.K./U.S. next week may spur further losses for GBP/USD as the Bank of England (BoE) remains poised to further embark on its reestablished easing-cycle, while Federal Reserve officials talk up expectations for a 2016 rate-hike.
There is a tendency for the US stock market (represented here by the Dow Jones Industrial Average) to ‘pivot’ every 9 years. The next year in the cycle is 2018. The question then, is 2018 going to be a high or a low?
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WTI Crude Oil (CFD: US Oil) Remained Above the Weekly Pivot After Yellen’s Jackson Hole Speech. The Next Bullish Break Could Be Big.
AUD/NZD closing for third consecutive week to the downside. Short term momentum seems to be exhausting for the cross. Long term Symmetrical Triangle support line looming.
Fed Chair Yellen’s remarks today led to the widest daily trading range of the week for the USDOLLAR Index.
After Dudley Provided a Turnaround Tuesday For the US Dollar, FOMC Minutes Pushed the Dollar Lower.
DJIA fails to be inspired by rate hike talks by the Fed. DJIA continues to trade in a tight range between 18,250 and 18,665.
Subdued Economic Growth may limit the U.S. Federal Reserve’s tightening scope in upcoming quarters
US Dollar bulls should be wary headed into Fed Chair Yellen's speech today.
The CAC 40 is set to close the trading week locked inside of a 75 point range.
Short-term double-top still in play, support holding into Yellen speech.
The UK index is falling back into support and could soon turn higher.