Trade idea: Long gold on positive US data
Anton Hughes, co-Founder of Magick, is looking to long gold following strong jobs figures out of the US. He also says the commodity hasn't been hit by all the tapering talks, suggesting it's a strong...
View ArticleJakobsen: Why the markets are losing patience with the Fed
By how much will the US Federal Reserve reduce its bond buying programme? Steen Jakobsen says the markets are losing patience with a lack of clear direction. It's clear to him that we will see a...
View ArticleWinBatch 2013c
WinBatch is a scripting language for Windows 2008, Vista, 2003, XP, and W2K. Macros can be run from icons, hotkeys, or other software macros to automate all aspects of PC operation. WinBatch+Compiler,...
View ArticleLast week of summer sees nervous USD pairs
Today?s a UK bank holiday and this is the last week of the summer trading season, but several of the USD pairs are in nervous pivot areas that could see reasonable trading ranges before all hands are...
View ArticleGold: the key levels you must be aware of
A combination of a weak dollar, worse than expected US housing data and the ongoing crisis in Syria has pushed gold above the $1,400 level. According to Saxo Bank?s Ole Hansen, there are now two key...
View Article3 Numbers to Watch: German Ifo, US Case-Shiller & CB sentiment
Today?s economic news includes updates on the business mood in Germany (Ifo Business Climate Indicator), followed by US reports on house prices (Case-Shiller Index) and the Conference Board Consumer...
View ArticleJPY crosses teetering ahead of German Ifo survey
The yen was cutting a swathe of strength against the major currencies overnight and EURJPY was perched at critical support just ahead of the biggest of the business sentiment surveys this morning ? the...
View Article3 Numbers to Watch: Germany Gfk, UK CBI, US pending home sales
Today?s key updates include releases on consumer sentiment in Germany (Gfk Consumer Climate Indicator), retail-sector activity in Britain (CBI Distributive Trades Survey), and the outlook for housing...
View ArticleAsia Focus: USDJPY struggling to reverse trend; AUDUSD lower
USDJPY traders should focus on Japanese data this week which could limit the downside. Also, discussions on the sales tax issue have begun. Tapering is near, but it?s only one part of the puzzle....
View ArticleUrgency, uncertainty and nervousness
While we are still in the summer lull and with liquidity and participation remaining low, uncertainty and nervousness remains. However, with the rising geopolitical tension, and the imminence of...
View Article3 Numbers to Watch: FR business climate, German jobless, US GDP
An update on business sentiment in France, followed by a report on Germany?s unemployment and a revision for US GDP in the second quarter are on the shortlist of key numbers to watch today.
View ArticleUSD puts up a fight ahead of month?end
EURUSD is through important local support and USDJPY is pulling back higher. Risk appetite is trying to make a comeback as Obama has allayed fears of an immediate or large Syria intervention.
View ArticleLast day of summer before possible autumn frenzy
We?ve had the odd combination of summer doldrums for the G10 currencies while emerging markets have lurched into crisis. Next week could see G10 action heating up as well with a heavy economic calendar...
View ArticleWeek Ahead 1 ? 6 Sep 2013
Next week´s key events US All eyes will be on ISM and NFP next week. A rise in payrolls of 175k or more would likely encourage expectations of tapering, while a number below 150k would discourage...
View ArticleFX market set for Autumn with tapering firmly on agenda
US tapering is likely, notwithstanding geopolitical tensions, and BoE governor Mark Carney is making all the right noises to support GBP. With Autumn around the corner, we should see more liquid...
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Remember that US Labor Day week is often pivotal
Remember that US Labor Day week often proves to be a critical launching pad for the next several months of action. Meanwhile, the market is trying to put on a hopeful face as Obama will seek...
View ArticleAsia Focus: AUDUSD upside likely on China data ahead of elections
The next test at 0.9000 could sustain an upside in AUDUSD as better China data, Aussie elections, and a less dovish RBA stimulate buying. The pair looks oversold, but be wary of USD risk and expect Fed...
View ArticleShipping Essentials Weekly
Macro and Events in Brief Last week was not very interesting regarding events or numbers. However, oil prices surged by a substantial USD 7/barrel on Tuesday due to Syria worries. Equities went lower...
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