Month-End Flows Dictate Trade; US Q2 GDP in Spotlight
Another day of broad based USD weakness looks to be upon us, with the buck still getting hit hard on some dovish comments from Fed Bullard yesterday who expressed concerns of Japan-like deflation and the potential for quantitative easing.
|
Daily Sound Bites 07.30
|
US Dollar Gains Hinted vs Pound, New Zealand Dollar
EUR/USD: Selling Opportunity Ahead as Rally Clears 1.30
GBP/USD: Bearish Reversal Hinted at Channel Top
USD/JPY: Remain Long as Prices Threaten Stop-Loss
USD/CAD: Candles Hint Upswing Within Triangle Setup
AUD/USD: Bulls Challenge Resistance Above 0.90
NZD/USD: Positioning Turning Increasingly Bearish
|
NZD/USD: Positioning Turning Increasingly Bearish
|
AUD/USD: Bulls Challenge Resistance Above 0.90
|
USD/CAD: Candles Hint Upswing Within Triangle Setup
|
USD/JPY: Remain Long as Prices Threaten Stop-Loss
|
GBP/USD: Bearish Reversal Hinted at Channel Top
|
EUR/USD: Selling Opportunity Ahead as Rally Clears 1.30
|
USD Graphic Rewind 07.30
|
Japanese Yen Poised to Extend Gains as Risk Aversion Continues
The Japanese Yen outperformed overnight as carry trades followed stocks lower after a round of disappointing economic data. Equity index futures are sharply lower, hinting more of the same is ahead in European hours.
|
USD/JPY Classical 07.30
|
USD/CHF Classical 07.30
|
USD/CAD Classical 07.30
|
NZD/USD Classical 07.30
|
GBP/USD Classical 07.30
|
GBP/JPY Classical 07.30
|
EUR/USD Classical 07.30
The rally continues with the market accelerating beyond latest barriers by 1.3100 thus far.
|
EUR/JPY Classical 07.30
|
EUR/CHF Classical 07.30
|
AUD/USD Classical 07.30
|
Opening Comment 07.30
Another session of broad based USD weakness on Thursday, with the buck getting hit hard on some dovish comments from Fed Bullard who expressed concerns of Japan-like deflation and the potential for quantitative easing.
|
Crude Oil Rises on Bargain Buying, Gold’s Fate In the Hands of Investors
A very interesting week with regard to commodities saw crude oil inventories surge to levels just shy of 10-year highs and gold ETF holdings plummet 500,000 troy ounces. Nevertheless, the near-term outlook for both commodities is highly uncertain.
|
US Dollar Support Gives Way, Stocks Still Undecided
The US Dollar has broken key technical support, opening the door for a further 2 percent decline. Meanwhile, stocks continue to stall, signaling a potential double top and hinting that the link between risk and the greenback may be fading.
|
Dollar Struggles Ahead of 2Q GDP – Fed Maintains Dovish Outlook
• Dollar Struggles Ahead of 2Q GDP – Fed Maintains Dovish Outlook
• Euro Rallies as Economic Confidence Tops forecast, German Unemployment Declines
• British Pound Continues to Trend Higher Ahead of GfK Consumer Confidence Survey
• Australian Dollar Regains Footing as Swan Talks Down Recent Inflation Report
• Japanese Yen Rallies Extends Yesterday’s Advance On the Back of Risk Aversion
• New Zealand Dollar Pushes Lower Following Dovish Comments Subsequent to RBNZ Rate Hike
|
