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Sense Of Doubt Overpowers Conviction As S&P 500 Hits Record High
The S&P 500 closed out this past week at a record high as other risk-sensitive assets basked in its glow. Speculative positioning was offered another strong but temporary charge between a fresh wave of global stimulus and encouraging round of data.
Dollar And Equities Ready For NFPs, Pound Tumbles On BoE Stimulus
The FX market continues to rock and roll. Moving into the closing day of the week, traders are looking to the US payrolls release to see whether it can keep up the pace of volatility set by US GDP as well as the BoJ and BoE stimulus announcements.
NZD/USD To Extend Gains On Strong New Zealand Wage Growth
Despite the risk for a head-and-shoulders top, the bullish break in the RSI may prompt a larger advance in NZD/USD, a closing price above 0.7210 (100% expansion) raising the risk for a run at 0.7330 (38.2% retracement) to 0.7340 (61.8% expansion).
USD Losing Traction As JPY Rallies On Stimulus Letdown
In short, the dual monetary and fiscal stimulus plans out of Japan over the past few days have chalked up to a disappointment. The fault lies with fiscal policymakers, not with the BOJ, though.
DailyFX Technical Focus: Big US Dollar Level Into July FOMC
USDOLLAR at significant technical level before FOMC. Next few days hopefully clarify trend conditions. For trades and more analysis, visit SB Trade Desk.
AUD/USD Bullish RSI Formation Falters Despite Wait-And-See RBA
AUD/USD may continue to give back the advance from the end of May following the series of failed attempts to close above 0.7650 (78.6% retracement), while the Relative Strength Index breaks down from the bullish formation.
Gold Price Topping Against Copper
Near term top in gold/copper ratio. The Copper is breaking out.
What Record Lows For Global Yields Means For The Market
The US, UK, German and Japanese 10-year government bond yields have all hit record lows recently. Signal quality from these critical assets has definitely diminished, but the negative impact runs far deeper.
Strategy Video: Has Brexit Finally Tipped Global Risk Aversion?
The UK's decision in the EU Referendum holds carries systemic risk for Europe, global trade and global investors. True risk arises from the protectionism, monetary policy distortion and excessive risk exposure already in place
Strategy Video: How The Fed, ECB, BoJ And PBoC Hamper Each Other
Hawkish or dovish - the monetary policy pursuits of the world's largest central banks are causing trouble for each other. We discuss how the world's central banks are working with and against each other in today's Strategy Video.
Risk Trends Start To Fracture, Brexit And FOMC Fear Running High
We discuss general market conditions and active trading winds in today's Trading Video.
Get Ready For FOMC, Brexit Referendum Next Two Weeks
AUD/USD, EUR/USD key reversals give USD near-term bullish bias. USD/JPY easing back weighs on risk assets - equities lower.
Potential Key Reversals Forming In AUD/USD, EUR/USD
The risk on/off paradigm that governed markets so significantly in the years after the GFC seems to be back, as market participants have become increasingly sensitive to the prospect of the Fed hiking rates next week.
NZD/USD Rallies After RBNZ, S&P 500 Keeps Crawling To New Highs
Clearing technical boundaries often draws in speculative momentum from either the opportunistic speculator or the value-oriented investor. Neither crowd seems to be particularly enthusiastic in the push higher.
U.S. Dollar In Trouble As Fed Window May Be Closed Until December
U.S. Dollar struck down as Fed rate expectations collapse. Global equity markets remain cushioned by prospect of Fed policy.
Equity Reversal Put On Hold While Dollar, Pound, Yen Position
The Yen crosses offer a range of technical setups that are primed for near-term technical breaks, but the implications for follow through differ vastly from the short-term orientation of a pair like AUD/JPY and the GBP/JPY.
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