Thursday, 3 January 2019

Asian Stocks Mixed With China Data Supporting, US Payrolls Up Next

Asia Pacific stock markets put in a mixed showing Friday with the Nikkei crumbling as investors in Tokyo returned from holiday. Chinese indexes did much better as local data impressed.


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AUD/JPY Technical Analysis: Pending Short After Trade Talks

Looking to go short AUD/JPY after trade talks between Beijing and Washington take place on Monday. Waiting for the pair to re-test the December resistance and confirm downtrend.


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Trading in the Aftermath of a Yen Flashcrash

The extreme swing from the Japanese Yen no doubt qualifies as a flash crash – as does the drop from the Aussie Dollar and other certain assets. Yet, does such extraordinary activity insinuate clear trading opportunity?


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EUR/GBP Technical Analysis: Uptrend Resumption Attempt Fell Short

EUR/GBP confirmed best weekly gains in 2018, but upside progress was slow due to large wicks. The pair remains in consolidation mode after a false breakout through resistance.


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Markets On High Alert as S&P 500 Turns, Flash Crashes Strike, NFPs Ahead

The S&P 500 and Dow would make a move that signals to technical traders an ominous progression for an overriding bearish trend. Will trade wars, flash crashes and NFPs accelerate or stabilize our troubling backdrop?


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Australian Dollar Gains As China Caixin Service PMI Beats Forecasts

The Australian Dollar got a lift from news that China’s service sector continued to expand quite strongly into year-end, in contrast manufacturing’s swoon.


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Canadian Dollar Gains with Crude Oil Prices, Japanese Yen May Rise

Japanese Yen trimmed gains following the FX flash crash on Apple revenue cuts. Canadian Dollar gained with crude oil prices. Will Caixin PMIs trigger more risk aversion as Yen gains?


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FX Price Action Setups in USD/JPY, GBP/JPY and USD/CAD

It's been a fairly intense start to 2018 already, and tomorrow brings Non-Farm Payrolls as a plethora of workable themes remain for traders.


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EUR/USD Initiates Bearish Series as Rebound Flops Ahead of November-High

EUR/USD initiates a series of lower highs & lows after failing to test the November-high (1.1500), with the Relative Strength Index (RSI) also flashing a bearish signal.


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USD/JPY Technical Analysis: 3 Year Pattern Complete?

The Elliott Wave chart pattern for USDJPY shows the three year triangle from 2015 may have completed today. If correct, this implies a very large rally in USDJPY and JPY crosses.


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USD/JPY Rate Forecast: RSI Sits in Oversold Zone Following Flash Crash

The 2018-low (104.63) remains on the radar for USD/JPY as the exchange rate carves a string of lower highs & lows, while the RSI sits in oversold territory.


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Gold’s Bullish Breakout Extends Advance amid Yen Flash Crash

Conditions that cater to a stronger Japanese Yen also help Gold prices rally.


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AUD/JPY Weekly Price Outlook: Aussie Plummets to Multi-Year Lows

AUD/JPY is pace to mark the largest weekly range since 2016 with price testing critical multi-year support. Here are the levels that matter on the AUD/JPY weekly chart.


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USDJPY: 27% Lower Net-Short Suggests Prices May Continue to Drop

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.


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USD/CAD Price Outlook: Rally Stalls at Critical Resistance Zone

It’s decision time for the Loonie as price tests key resistance into the start of the year. Here are the targets & invalidation levels that matter on the USD/CAD charts.


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US Selloff Accelerates on ISM Manufacturing Index Miss

The selloff in US stocks and the US Dollar accelerates after the big miss on the ISM Manufacturing Index.


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GBPUSD: 74% Net-Long Gives a Bearish Signal

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.


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US Selloff Accelerartes on ISM Manufacturing Index Misses

The selloff in US stocks and the US Dollar accelerates after the big miss on the ISM Manufacturing Index.


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Gold Sentiment is Unable to Provide a Clear Direction

The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.


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DXY Index Stays Lower after Currency Markets Flash Crash

A flash crash in the period between North American trading on Wednesday and Asian trading on Thursday has traders reeling, again.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...