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AUD/JPY: Could Improving Risk Sentiment Drive Us to New 11-Month Highs?

AUD/JPY: Could Improving Risk Sentiment Drive Us to New 11-Month Highs?

Apr 18, 2014

The AUD/JPY surged higher in the latter half of march, rising all the way from the mid-March low near 91.00 to peak near 96.50 earlier this month. As we all know, markets never move in a straight line forever, and AUD/JPY bulls are now taking a breather after the big

EUR/USD: Bearish Pattern Projects Possible Near-Term Top at 1.3860, 1.3680

EUR/USD: Bearish Pattern Projects Possible Near-Term Top at 1.3860, 1.3680

Apr 17, 2014

Since reaching a nadir below 1.3800 on Tuesday, the EUR/USD has stubbornly rallied back to the week's highs as traders try to "call the bluff" of the ECB. As my colleague Kathleen Brooks outlined earlier today, the ECB has grown increasing vocal about the euro's rise, arguing that the...

Technical Update – AUDUSD, NZDUSD, USDCHF

Technical Update – AUDUSD, NZDUSD, USDCHF

Apr 17, 2014

On Wednesday, the US Dollar registered minor gains against NZD and CHF as the US industrial production grew more than expected by market participants. The US Dollar, however, gave up its early gains against AUD and closed with marginal loss. Conversely on Thursday, the US Dollar is trading with...

S&P 500: Will Today’s Earnings Results Help Sustain the Rally?

S&P 500: Will Today’s Earnings Results Help Sustain the Rally?

Apr 17, 2014

The markets are very quiet today with European indices posting small losses across the board and US index futures trading flat. Many investors are away on Easter holiday while the economic calendar is light, with virtually no European data on the agenda. However there are a couple of macro...

Gold And Silver – Technical Outlook

Gold And Silver – Technical Outlook

Apr 17, 2014

After touching a three-week high of $1330.90 on Monday, Gold dropped sharply to $1286 on Tuesday, testing an ascending trend-line support extending from lows touched on Jan. 30-31 through April 01 low. The yellow metal, however managed to hold 200-day SMA and $1300 psychological support on closing basis. Also...

Dollar/Yen Hurt By Yellen’s Low Rate Comments

Dollar/Yen Hurt By Yellen’s Low Rate Comments

Apr 17, 2014

On Wednesday Dollar/Yen increased with 55 pips. The currency couple appreciated from 101.79 to 102.37 yesterday, not matching the negative money flow sentiment at nearly -12%, closing the day at 102.21. This morning the Dollar is trading quietly against the Yen, with movements at the lower half of yesterday's range for...