Category: Daily Look

Crash given away by the USD/JPY [Video]



Francis Hunt, The Market Sniper, joined Zak Mir on the Tip TV Finance show and discussed the current crash, zooming in on the FSTE 100, the S&P 500 and the USDJPY.

FTSE 100 almost stopped before big move down

Hunt highlighted the FTSE 100 crash retrospectively, noting how it continued to ease, before trying to hang on to a key level before slipping drastically.

S&P 500 had an underlying grind line before fall

Hunt outlined the tale of the S&P 500, which experienced marginally higher highs, with an underlying grind line which signals bulls exhausting themselves. He continued that it broke the low but failed to test the higher high, this was followed by the bulls’ final exhaust, which pointed to a major spill.

Almost impossible to see the red

Hunt commented that the 124/125 level on the USDJPY was the key warning to get out, and exaggerated the importance of looking across charts to identify moves due to enhanced integration in our global economy . He added that it entered a rally and looked for over performance, and Hunt outlined that was almost impossible to see the red.

Markets Await Crucial NFP Report

Markets Await Crucial NFP Report

For the second time this year some time out of the office has coincided with tumultuous movements in the financial markets. The first was back in January when the SNB removed its Swiss franc ceiling and a summer break has seen a considerable spike in volatility as Asian markets go into a tailspin. Not planning [&hellip

EUR/USD to 1.08, USD/JPY to 125 by year end – CIBC

EUR/USD to 1.08, USD/JPY to 125 by year end – CIBC

The dollar has been losing to its major currency peers due to risk aversion. The yen has been a traditional safe haven and the euro recently became one as well. Can this change? Dollar bulls will ride higher one more time, says the team at CIBC: Here is their view, courtesy of eFXnews: In its monthly [&hellip

Fed a multi-headed monster with everyone talking but Yellen

Fed a multi-headed monster with everyone talking but Yellen

Marc Ostwald, market strategist at ADM Investor Services, joined Zak Mir on the Tip TV Finance show to discuss the impending Federal Reserve rate hike and the confusion surrounding Yellen and the US economy. Yellen doesn’t want to be responsible for a stock market crash Ostwald highlighted the constant noise this week from many regional [&hellip

Bearish setup on GBP/USD, EUR/GBP looking to head higher [Video]

Bearish setup on GBP/USD, EUR/GBP looking to head higher [Video]

In today’s Forex and Gold forecast, Steven Woodcock, Senior FX Analyst at Plutus FX, offers the technical outlook for GBP/USD, EUR/GBP, USD/CAD, USD/TRY and Gold prices. GBP/USD: Guided by EUR/GBP moves Woodcock maintains his negative outlook on the GBP/USD, noting that the cross looks heavy despite UK showing a good fundamentals. He believes that the [&hellip

EUR/USD, USD/JPY, GBP/USD Pivot Points, TA – September 1 2015

EUR/USD, USD/JPY, GBP/USD Pivot Points, TA – September 1 2015

EURUSD Daily Pivots R3 1.1348 R2 1.1304 R1 1.1256 Pivot 1.1212 S1 1.1165 S2 1.1121 S3 1.1072   EURUSD (1.12): EURUSD is attempting to form a basing pattern after declining to 1.1187. However a bullish close is required today for confirmation ahead of a possible upside rally. The support level at 1.117 looks to be [&hellip

Oil prices rebound strongly

Oil prices rebound strongly

A new week and month should see liquidity return to more normal levels in FX and other markets and there are plenty of upcoming events to keep focus on this week. Overnight, the latest interest rate decision from the Australian central bank has seen rates kept on hold at 2%, with the RBA acknowledging the [&hellip

USD: Don’t Listen To The Fed – Credit Agricole

USD: Don’t Listen To The Fed – Credit Agricole

Messages coming out from the Federal Reserve can sure be confusing. The team at Credit Agricole puts the USD focus somewhere else: Here is their view, courtesy of eFXnews: he US the week ahead is littered with tier one data releases – August payrolls being the most important. In our view data (not Fed speeches) [&hellip

USDCHF Trades into a Bullish Triangle – Elliott Wave Analysis

USDCHF Trades into a Bullish Triangle – Elliott Wave Analysis

USDCHF made a strong push upward yesterday on account of USD gains. We need to change our wave counts since we invalidated our 4 wave bearish perspective. We are seeing this as a possible triangle at this moment, which will then be placed in the middle of the ABC as connecting wave, and pause before [&hellip

Volatile August closes

Volatile August closes

We enter the last day of what has been a fairly volatile trading month. Everyone expects August to be quite and it rarely ever is. For example, it was August 2011 when the VIX previously spiked to current levels on the back of the US budgetary problems and ratings downgrade in the US. We have [&hellip

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