AUD/USD Weekly Analysis – Sunday, November 12
AUD/USD formed a sideways movement in a narrow range between 0.7624 and 0.7729. The sideways movement is likely a consolidation of the downtrend from 0.8124. A breakdown below 0.7624 support could trigger another fall towards 0.7535 support level. Resistance is at the falling trend line on the daily chart. Only a clear break above the […]
Forex Metrics And Chart Week 46 / 2017
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the EUR(3X) with the CAD(3X) and GBP(3X). The weaker currencies are the AUD(4X) followed by the CHF(3X) with the NZD(3X). By diversifying a nice combination can be traded in the coming week […]
EUR/USD: Pressure Builds Up On The Upside, Eyes The 1.1724 Zone
EUR/USD: With the pair backing off lower prices to close higher the past week, more strength is likely. Resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1.1850 level. […]
Weekly Forex Forecast – Sunday, Nov. 12
EUR/USD For me, this could be one of the more interesting markets to pay attention to. On the weekly chart, we initially fell, looking likely to continue the downward pressure after breaking the neckline of the head and shoulders pattern on the daily chart, but since then we have rolled back to the upside. This […]
Yuan Torn Between Milestone Opening Up, Private Investment Concern
Fundamental Forecast for CNH: Neutral The overcast of major trade conflicts is removed after Trump-Xi meeting, economic outlook improved. China announced milestone opening up in financial markets: limits on foreign firms are loosened. Private investment in fixed assets, which impacts the recovery pace, could drop further in October. The Chinese Yuan (CNH) lost against all G10 currencies […]
Russian Investment Opportunity Underpinned By Strong Dividend-Paying Stocks
The revival of the Russian investment opportunity underpinned by strong dividend-paying stocks opines Renaissance Capital Below are some highlights from Renaissance Capital russia] The Russian market has outpaced the MSCI Emerging Market index over the past three months, having jumped approximately a tenth in dollar terms. Many have interpreted the recent reappearance of Russian IPOs […]
GBP/USD Weekly Analysis – Sunday, November 12
GBP/USD moved sideways in a narrow range between 1.3027 and 1.3337. The price action in the range is likely consolidation of the downtrend from 1.3657 and a further decline is still possible after the consolidation. There is a bullish support trend line on the daily chart. A clear break below the trend line will confirm […]
Junk Bond ETFs Have Rough Two Weeks: Deals Pulled, Outflows Rise
Volatility has returned, at least in the junk bond market. JNK, the Barclays High Yield Bond ETF, and HYG, the iShares High Yield Bond ETF, both had the steepest decline in three months. Is this another buy the dip opportunity, or is risk avoidance about to take hold? Cracks Widen Reuters reports U.S.Junk Bond Sector Ends […]
Again We Find Gold Again Boxed-In Again
In wrapping up last week’s missive we simply wrote: “As to what we see for Gold in the new week: not much.” What did we get? Not much. Not that a net change for the week of 0% is nothing, given Gold’s having to endure a micro-crash yesterday (Friday) before settling out the week at 1276. ‘Twas the […]
Weekly Economic & Political Timeline – Sunday, Nov. 12
This week will see a heavier news agenda, with the key items coming as U.S. economic data releases. There is no Central Bank input scheduled, although the heads of several major Central Banks will be making public comments. The market will probably be most active on Wednesday and Thursday. It is a public holiday in […]
