Daily Technical Analysis. Tuesday, October 3 EURUSD The Euro continued to fall against the Dollar on Tuesday to a seven-week low, as the US Manufacturing Data came in strong, and the European markets on the other hand, await European Central Bank President Mario Draghi later this week. Technical reading indicates that the pair is moving…
Daily Technical Analysis. Thursday, Sept. 28 EURUSD The Euro finished to a six-week low, for the fourth session in a row, following expectations for Interest Rates and Monetary Policy. The Dollar continued to appreciate against major currencies as well as Technical reading is negative for the pair and a clear control for the sellers on…
Daily Technical Strategies Thursday, Sept. 21 EURUSD EURUSD nosedived, post hawkish Federal Open Market Committee statements. As expected by Market Analysts, Monetary Policy makers at the FOMC Meeting on Wednesday, agreed to keep short-term benchmark Interest Rates for the second consecutive meeting, at between 1.00% and 1.25%, with the announcement of plans to normalize the…
Market Sentiments – CFTC COT Report for Commodities (August) The CFTC COT Report released on Friday September 1 for Commodities cover positions unto Tuesday August 29. It represents largely, the positions of the Institutional Traders. Gold – Majority Long and Increasing Net long position increased by 22,609 contracts to +231,000 contracts. Copper – Majority Long…
Many traders closed positions ahead of the US Independence Day holiday today July 4. Oil prices retreated in Asian Trade, halting a run of eight straight days of gains. Oil prices resumed their longest stretch of daily gains in more than five years after data pointed to moderating US Crude output, though analysts said news…
Investors pointed to the American Petroleum Institute’s (API) US Inventory Data, issued Tuesday, as weighing on prices. The U.S. Energy Information Administration (EIA) will issue its Inventory Data today at 10:30 AM ET. If the increase in Crude Inventories is more than expected, it implies weaker demand and is Bearish for Crude prices. The same can be…
Core Retail Sales measures the change in the total value of sales at the retail level in Canada, excluding automobiles. It is an important indicator of consumer spending. Expected reading is -0.3% forecast against 1.7% current reading. A higher than expected reading tends to be Positive/ Bullish for the CAD, while a lower than expected…
“…Increased Infrastructure spending won’t do the trick when it comes to stimulating US Economic Growth….” – Neel Kashkari’s comments yesterday. The Markets and Investors seem to have shrugged off his comments, as dovish as they sounded. Investors instead, seem to be focused on ECB Meeting Thursday, and the EuroZone’s QE Program. As US Labor Markets also…
France seems to favor Le Pen and Macron from the Far-Right, and Fillon and Melenchon for the Conservatives and Far-Left respectively. As investors looked to EuroZone’s trade Balance Data Tokyo Session Wednesday, the Euro eased after hitting a session high on Tuesday. USDJPY consolidated, Sterling edged down and so did the Australian Dollar. The New…
Prevailing geopolitical uncertainties weighed on market sentiments Tuesday. As Investors looked forward to the US Housing Starts, Building Permits and Industrial Production during the Tokyo Session, the Euro strengthened against the Dollar while the Yen weakened. Sterling edged higher and the Australian Dollar nose dived. The New Zealand having hit a 2 week high Monday,…
