The CAC 40 has turned lower after failing at critical resistance near 4,454.00.
The sprint higher in AUD/USD today gives it an impulsive look and may be the last gasp prior to a sell-off. The key level to the topside is .7678.
Gold Price Remains Comfortably Trend-Support As Markets Appear Disappointed In Both U.S. GDP And The Lack of A Bazooka from BoJ on Friday.
AUD/USD may threaten the bullish formation carried over from the end of May should the Reserve Bank of Australia (RBA) further embark on its easing cycle.
After today's weak US GDP reading, EUR/USD has popped into 1.1166-1.1188 resistance zone. Volume is muted while sentiment is growing suggesting the potential for a surprise move.
After the BoJ disappointed at their most recent meeting, the Yen found a bout of strength; but with another BoJ meeting in September, traders may be using this to position-in ahead of an anticipated increase in monetary stimulus.
Weaker than expected GDP heightens concerns about economic slowdown.
Another day stuck in a historically tight trading range, looking for a break before getting involved.
US GDP and Personal Consumption data missed expectations across the board, hurting the US Dollar everywhere.
Silver declined off resistance, but the intra-day time-frames present points of reference moving forward.
The Euro was little changed versus other majors after today’s GDP and CPI figures were above expectations
Daily resistance is at hand, but now looking to specific short-term price action as a trigger for shorts.
The EUR/USD Continues to trade sideways on reduced volatility and the recent rebound appears in danger on strong US GDP figures
The Bank of Japan announced new measures to add to its list of stimulus measures, but the central bank demurred from the singular and exceptional efforts anticipated from a highly speculative market.
The British Pound showed a tepid reaction against its major peers after UK’s consumer confidence dropped but business sentiment unexpectedly improved in post-Brexit July.
The Japanese Yen was unmoved against its US counterpart following the release of a broad range of Japanese data including weak June inflation figures and a drop in household spending that bolstered calls for QE.
USD/JPY and the Yen crosses have certainly seen their fair share of volatility these past months, but price does little justice to the extreme anxiety behind the market heading into the BoJ decision.
WTI Crude Oil (CFD: US Oil) Has Fallen Below Significant Support of the 100-DMA at $44.60/bbl, And Has Failed to Match The Rally in Stocks.
Euro is trading within a bullish near-term technical formation ahead of key U.S. data. Here are the updated targets & invalidation levels that matter into the releases.
Both onshore and offshore Yuan extended rallies on Thursday. At the same time, volatility in Chinese equities continues to elevate on the back of newly-drafted rules on wealth management products as well as semi-annual reports of listed companies.