Etiqueta: trading

Investing.com sentiment index: speculators reduce bullish dollar bets

© Reuters. Speculators reduce bullish dollar bets last week   Investing.com – The Investing.com weekly sentiment index published on Monday revealed that speculators reduced their bullish dollar bets last week, as they continued to speculate over the timing of the next U.S. rate hike. According to the report, 32.7% of investors held long positions in EUR/USD in the week…

Forex – Dollar index at 2-week highs on rate hike view

© Reuters. Dollar index at 2-week highs on Fed rate hike bets   Investing.com – The dollar was trading at two-week highs the other major currencies on Monday after Federal Reserve Chair Janet Yellen said Friday the case for U.S. interest rate hikes has “strengthened”. The U.S. dollar index, which measures the greenback’s strength against a…

Webinar: Post-Yellen USD Advance at Risk into Monthly Close / NFP

Fed Chair Yellen’s remarks last week saw probabilities for a December rate hike rise with the greenback finding some footing on this rally. The immediate risk is higher but we’re on the lookout for some near-term exhaustion on some of the USD crosses. Note that we are heading into the close of August trade with NFPs on…

Banorte projects sharply weaker Mexican peso next year

© Reuters. A picture illustration shows Mexican pesos and U.S. dollars banknotes in Mexico City   MEXICO CITY (Reuters) – The Mexican peso will continue to weaken next year due to low global oil prices and falling Mexican crude production that will widen the country’s current account deficit, according to strategists at Mexican bank Banorte-IXE…

GBPJPY at Key Resistance Hurdle Ahead of UK Mortgages- 133.14 Support

Talking Points GBP/JPY within well-defined ascending channel ahead of UK data Updated targets & invalidation levels Compete to Win Cash Prizes with FXCM’s Forex Trading Contest GBPJPY 120min Chart Created Using TradingView Technical Outlook: UK mortgage applications are on tap tomorrow with consensus estimates calling for a slowdown to an annualized 61.9K which would be the lowest since March…

Forex – Yen down despite solid household spending, jobs and retail sales

© Reuters. Yen down after solid data sets   Investing.com – The yen eased on Tuesday in Asia as positive trending data in household spending, jobs and retail sales data failed to stem dollar gains. USD/JPY changed hands at 101.86, up 0.06%, while AUD/USD traded at 0.7578, up 0.13%. In Japan, household spending fell 0.05% in July year-on-year, less…

FTSE 100: Pivots at Support, Working on Bull-flag Breakout

What’s inside: The FTSE 100 was closed yesterday in observance of public holiday Index turning higher from confluence of support Attempting to trade higher out of bull-flag formation Yesterday, the FTSE 100 was closed in observance of the ‘Late Summer Bank Holiday’. Nothing was missed by the traders in London, as global markets were quiet and trading…

Japan top spokesman signals readiness to stem yen gains

© Reuters. Japan’s Chief Cabinet Secretary Yoshihide Suga speaks during a Thomson Reuters Newsmaker event in Tokyo   By Leika Kihara TOKYO (Reuters) – Japan’s chief cabinet secretary has signaled Tokyo’s readiness to intervene in the market if the yen spikes out of line with fundamentals and defended the Bank of Japan’s negative interest rate…

Silver Prices: Long-term Support at Hand, Short-term Trend Conflicts

What’s inside: Silver futures market positioning alleviates, but is it enough?… We will let price action determine whether that is the case or not Short-term trend remains pointed lower, but need to be mindful of long-term support An excerpt from last Tuesday’s commentary: “From an intermediate to long-term standpoint, we have discussed on several occasions the belief that…

Dollar hovers at fresh 2-week highs vs. rivals

© Reuters. Dollar index at new 2-week highs on rate hike hopes   Investing.com – The dollar was hovering at fresh two-week highs against the other major currencies on Tuesday, as fresh hopes for an upcoming rate hike by the Federal Reserve continued to lend support to the greenback. EUR/USD slipped 0.18% to 1.1168, close to…