CAD Rally: Too Much, Too Soon?

Talking Points: USD/CAD falls to lows seen in May 2015 on Rate Hike Further hikes are being mooted but will the BoC wait? USD weakness is exacerbating the move. Fundamental Forecast for CAD: Neutral We remain neutral on CAD although any further sharp upward moves may open the opportunity to sell CAD against the USD […]

Euro Positioned to Continue Rally versus Greenback, Commodity Currencies

Fundamental Forecast for EUR/USD: Bullish – Continued rise in US political risk has increased Euro’s appeal versus US Dollar, particularly as timeline for US fiscal stimulus appears to have been pushed back significantly. – The retail crowd still isn’t buying into the EUR/USD rally – which means it may have more room to run yet. […]

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Gold Prices Rally Up to Pivotal Resistance Zone

To receive James Stanley’s Analysis directly via email, please sign up here. In our last article, we were looking at aggressively bearish price action in Gold prices as we walked-in to last week’s rate hike from the Fed. And the term ‘rate hike’ is important here rather than ‘rate decision’, because the Federal Reserve had […]

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Gold Prices Rally as US Dollar Strength Fades

Talking Points: Gold Prices Rally as US Dollar Strength Fades Intraday US Dollar Support is Found Near 100.63 Next Resistance for Gold Price is Found Near $ 1,189.53 Gold prices have rebound from this morning’s low of $ 1,180.70, after the US Dollar initially rallied on better than expected GDP figures. US GDP (Annualized) was […]

US Dollar to Join Yen Rally as Deutsche Bank Sours Sentiment

Talking Points: US Dollar likely to join Yen on the upside as Deutsche Bank sours sentiment Aussie Dollar sinks as Asian, European shares follow Wall Street downward US PCE, Eurozone CPI may pass unnoticed as risk aversion grips markets The sentiment-linked Australian Dollar underperformed overnight while the anti-risk Japanese Yen traded higher as risk aversion […]