The US Dollar retraced downward while the Australian, Canadian and New Zealand Dollars advanced amidpre-positioning for Friday’s US labor-market data.
Commodity bloc FX gains, US Dollar retreats... (full story)
Tyler Yell, CMT - Daily FX - Wed May 04, 3:00PM CDT
Point to Establish Long Exposure: At Market
Target 1 : 2,137 2015/ All-Time High
Target 2 : 2,250 61.8% of Wave 1 Off March 9, 2009, Low – May 2011 High
Invalidation Level: Close... (full story)
Michael Boutros, Currency Strategist - Daily FX - Wed May 04, 1:13PM CDT
GBPUSD - Immediate focus remains lower while below the weekly open at 1. 4588 . Reversal off the yearly open remains in focus but should offer more favorable long-entries near structural support. Highlighted this... (full story)
By The Associated Press - AP - Wed May 04, 7:06AM CDT
LONDON (AP) — Global stock markets fell Wednesday as investors worried about global growth in the run-up to a series of U.S. indicators that will provide further insights into the state of the world's largest economy. (full story)
Sol Palha - Tactical Investor - Wed May 04, 6:35AM CDT
We are still not convinced that Gold is fully out of the woods. Peter Schiff is busy telling everyone that it was a bad idea to have sold Gold in 2011, and that it would $2,000 by 2009 and $5000 by 2013 . We beg to differ for the trend indicates otherwise, and so does the price... (full story)
After close to six months of political paralysis and tension over who should form a government, King Felipe VI of Spain signed a decree on Tuesday to dissolve Parliament and hold a rerun of national elections for the first time... (full story)
Barbara Zigah - Daily Forex - Wed May 04, 6:05AM CDT
On Tuesday, the Pound Sterling had its largest single day’s decline in six weeks against the US Dollar; those losses are continuing to mount in Wednesday’s trading session. The latest event which is pushing the... (full story)
NZD/USD Signal Update
Yesterday’s signals may have produced a losing long trade if the very large bullish candle rejecting the anticipated support level at 0.6904 had been taken.
Today’s NZD/USD Signals ... (full story)
USD/JPY Signal Update
Yesterday’s signals were not triggered as there was no bearish price action at 106.68.
Today’s USD/JPY Signals
Trades must be entered from 8am New York time to 5pm... (full story)
Dr. Mike Campbell - Daily Forex - Wed May 04, 4:05AM CDT
According to Eurostat, average growth amongst the 19 member states which use the Euro, the Eurozone, picked up in Q1 2016 to 0.6% (under a tenth of the expansion claimed for China, it should be noted). The figure came in above... (full story)
USD/CAD Signal Update
Yesterday’s signals were not triggered as there was no bearish price action at 1.2600.
Today’s USD/CAD Signals
Risk 0.75% per trade.
Trades must be entered between 8am and 5pm... (full story)
What is a gig economy and what effect is it having on U.S. businesses? Growing numbers of Americans no longer hold a regular “job” with a long-term connection to a particular business. Instead, they work... (full story)
China's central bank on Wednesday fixed the yuan currency nearly 0.60 per cent weaker against the US dollar, the biggest downward move since devaluing the unit in August last year. The People's Bank of China set the... (full story)
Christopher Lewis - Daily Forex - Wed May 04, 1:05AM CDT
WTI Crude Oil
The WTI Crude Oil market fell during the course of the session on Tuesday, breaking below the $44 level. Because of this, it does look like we’re going to test serious support just below, but we have... (full story)