January 2017

Daily analysis of USDX for February 01, 2017

Trumponomics is still leading the US dollar index's moves across the board, as yesterday the US President Donald Trump mentioned FX devaluation and that helped to fuel the bears in USD, currently testing the support level of 99.46. With a breakout belo... [...]

Daily analysis of GBP/USD for February 01, 2017

The pair had a bullish momentum dominating its overall bias during Tuesday, as it managed to rebound above the support zone of 1.2420 and the 200 SMA at H1 chart. Next target to the upside is placed around 1.2645, where a breakout higher should expose ... [...]

Wall Street. Major U.S. stock-indexes fell

Major U.S. stock-indexes extended losses in late morning trade on Tuesday, weighed down by technology and industrial stocks, amid disappointing earnings and weak consumer confidence data. The selling comes a day after Wall Street suffered its worst da... [...]

WSE: Session Results

Polish equity market closed higher on Tuesday. The broad market measure, the WIG index, added 0.31%. Sector-wise, food stocks (+2.18%) fared the best, while clothes sector names (-1.35%) fell the most. The large-cap benchmark, the WIG30 Index, rose b... [...]

How far can the Dollar fall? – Societe Generale

"President Trump's travel ban - and his associated decision to fire the acting Attorney General - dominates sentiment and remains good for Treasuries, the yen (and gold), but bad for bonds and the dollar. How long will market sentiment to be affected? How far can the dollar and yields fall on this?

I'm not sure serious analysis is possible, and I don't trust my gut instincts on something as far from the usual state of affairs, but my bias is still that we'll get back to the Trump economic program, and the implications for Fed policy, before too long. More prosaically, markets will focus on the US jobs data due Friday.

So how to trade?

We still want to fade this bout of Yen weakness too, with the BoJ holding policy and still anchoring yields. This till leaves me looking fondly at long EUR/JPY as an idea, even if we still think it is 2 1/2 months too early for that trade really.

GBP looks rangebound, with mortgage approvals and the debate on the Brexit bill.

Visually, AUD looks as though it's topping out but at the same time, Australia looks a haven of calm (or at least, Sydney seems an appealing destination as I sit in Heathrow this morning, on the way to Frankfurt instead!)".

Copyright © 2017 Societe Generale, eFXnews™


Daily analysis of USD/JPY for January 31, 2017

OverviewThe USD/JPY pair broke 113.97 level and settled below it, making the recently suggested positive scenario invalid. The price resumed its decline and attempted to return to the bearish channel, pressured by the EMA50. Therefore, we suggest the b... [...]

Daily analysis of Gold for January 31, 2016

OverviewGold price opened today's trade with the obvious bullish bias to breach 1,197.10 level and settled above it. This enables the positive scenario on the intraday and short-term basis, paving the way to head towards the recently recorded top at 1... [...]

Daily analysis of silver for January 31, 2017

OverviewSilver price has been fluctuating within a tight range since yesterday. Stochastic managed to get rid of its negativity and started providing positive signals. It means that the bullish trend can resume in the upcoming sessions, with the first... [...]