Forex News 24 |
- April Bank of Japan Meeting & EURJPY Price Forecast
- Colgate-Palmolive Earnings: CL Stock Pops on Q1 Beat Colgate-Palmolive Earnings: CL Stock Pops on Q1 Beat
- April Bank of Japan Meeting & EURJPY Price Forecast
- April Bank of Japan Meeting & EURJPY Price Forecast
- ExxonMobil Earnings: XOM Stock Takes a Hit on Q1 Miss ExxonMobil Earnings: XOM Stock Takes a Hit on Q1 Miss
- Currency Volatility Could Ignite with EZ GDP, FOMC, US NFP Next Week
- Japanese Yen Flash Crash Warning on High Alert
- Argentine peso plummets as political risk rises
- Friday Apple Rumors: Adapter Recall, Employees Leave, Earnings Warning Friday Apple Rumors: Adapter Recall, Employees Leave, Earnings Warning
- FX Price Action Setups in EUR/USD, GBP/USD, USD/CHF and USD/CAD
| April Bank of Japan Meeting & EURJPY Price Forecast Posted: 26 Apr 2019 02:33 PM PDT Hits: 8 Talking Points: – Japan's "Golden Week" – a period at the end of April/beginning of May with several holidays clustered together – will see Japanese markets closed from April 29 to May 7. – The last time Japanese markets were closed while global markets were otherwise open was in January 2019 – which precipitated the liquidity conditions that led to the Japanese Yen flash crash. – Recent changes in retail trader positioning suggest that AUDJPY will likely continue lower. Join me on Mondays at 7:30 EDT/11:30 GMT for the FX Week Ahead webinar, where we discuss top event risk over the coming days and strategies for trading FX markets around the events listed below. 04/29 to 05/07 | Japan Golden Week – Japanese Markets ClosedIt's the end of April, which means it's time for Japan's "Golden Week." The Golden Week is typically a period at the end of April/beginning of May that encompasses several holidays during a short timeframe, and due to the inefficiencies of frequently opening/closing businesses, many factories shutdown and offices work on skeleton crews. In turn, Japanese financial markets are also closed. The implications of Japanese financial markets being closed bears particularly attention this year, given events that have transpired in the recent past. Recall what happened at the start of January 2019: Japanese markets were closed while global markets were otherwise open. During the crossover session between North American trading and Asian trading, an earnings warning by Apple sent traders scrambling; programmatic trading algorithms kicked in, selling highly correlated assets across the board in quick succession. The benefit of hindsight informs us that the January 2019 Japanese Yen flash crash was product of the market conditions at hand – a slew of factors that rarely line up all at once. While a Yen flash crash during Golden Week is not our base case scenario, traders should be fully aware of the risk that comes with holding open JPY positions over the coming days – there is more risk now than usual. If there is abnormal activity in the JPY-crosses over the coming days, look no further than AUDJPY price action. Read more: Japanese Yen Flash Crash Warning on High Alert – Calm Before the Storm Pairs to Watch: AUDJPY, EURJPY, USDJPY AUDJPY Technical Analysis: Daily Price Chart (January 2018 to April 2019) (Chart 1)Since shortly after the Yen flash crash in January, AUDJPY prices had been consolidating in a sideways pattern between 77.50 and 79.85 until April 12.For a few days in mid-April, the path of least resistance appeared to be to the topside for AUDJPY. But it now appears that a "false breakout" condition has emerged, now that AUDJPY price has returned under 79.85. Compounding the reversal has been the fact that the trendline from the March and April swing lows has been broken. AUDJPY price is now below the daily 8-, 13-, and 21-EMA envelope, while Slow Stochastics has fallen into oversold territory and daily MACD has started to move below its signal line. In line with a principle of technical analysis that a false breakout from a consolidation often yields a return to the other side of the consolidation (i.e. if prices broke through consolidation resistance and returned into the consolidation, then odds would increase that price would revisit consolidation support). Accordingly, a move back towards 77.50 shouldn't be ruled out. IG Client Sentiment Index: AUDJPY (April 26, 2019) (Chart 2)
AUDJPY: Retail trader data shows 71.4% of traders are net-long with the ratio of traders long to short at 2.5 to 1. The number of traders net-long is 5.6% lower than yesterday and 27.1% higher from last week, while the number of traders net-short is 18.7% lower than yesterday and 55.5% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUDJPY prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUDJPY-bearish contrarian trading bias. FX TRADING RESOURCESWhether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading. — Written by Christopher Vecchio, CFA, Senior Currency Strategist To contact Christopher, email him at cvecchio@dailyfx.com Follow him in the DailyFX Real Time News feed and Twitter at @CVecchioFX http://platform.twitter.com/widgets.js Can you get prosperous from fx trading? The serve is if you go from river forex, and promiscuous forex, use algorithms in fxtrading, what is farm in forex 1 symbol canadian, netdania forex, buy increase vantage of the forex scheme indicators, and account the mean fx strategy. We present follow win all.
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| Posted: 26 Apr 2019 02:18 PM PDT Hits: 13 Colgate-Palmolive (NYSE:CL) reported positive quarterly earnings results early in the day today as its profit topped expectations, while revenue was also slightly ahead of the mark, propelling CL stock forward.
The New York City-based products consumer business announced that for its first quarter of fiscal 2019, it amassed net income of $560 million, or 65 cents per share. This figure marked a 11.7% decline when compared to its profit of $634 million, or 72 cents per share, from the same period in its fiscal 2018. Colgate-Palmolive added that for the period, it brought in adjusted earnings of 67 cents per share, about a penny stronger than the Wall Street consensus estimate, according to a FactSet survey of analysts. Revenue was down 3% year-over-year to $3.884 billion, slightly ahead of analysts' projection of $3.862 billion, per FactSet. The company's gross profit margins fell 58.9% to 60.2%, while its global unit volume gained 1% due in part to a 2% increase in pricing. Colgate-Palmolive's global toothpaste market share was at 41.7% year-to-date. "As we look ahead, based on current spot rates, we continue to expect 2019 net sales to be flat to up low-single-digits, with organic sales growth of 2% to 4% as we continue to plan for increased investment behind our brands, higher pricing and strong innovation, led by the relaunches of Colgate Total and Hill's Science Diet and our continued focus on naturals," CEO Noel Wallace. CL stock is up roughly 3.8% on Friday off the heels of the company's strong first-quarter performance. Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| April Bank of Japan Meeting & EURJPY Price Forecast Posted: 26 Apr 2019 01:58 PM PDT Hits: 0 Talking Points: – Japan's "Golden Week" – a period at the end of April/beginning of May with several holidays clustered together – will see Japanese markets closed from April 29 to May 7. – The last time Japanese markets were closed while global markets were otherwise open was in January 2019 – which precipitated the liquidity conditions that led to the Japanese Yen flash crash. – Recent changes in retail trader positioning suggest that AUDJPY will likely continue lower. Join me on Mondays at 7:30 EDT/11:30 GMT for the FX Week Ahead webinar, where we discuss top event risk over the coming days and strategies for trading FX markets around the events listed below. 04/29 to 05/07 | Japan Golden Week – Japanese Markets ClosedIt's the end of April, which means it's time for Japan's "Golden Week." The Golden Week is typically a period at the end of April/beginning of May that encompasses several holidays during a short timeframe, and due to the inefficiencies of frequently opening/closing businesses, many factories shutdown and offices work on skeleton crews. In turn, Japanese financial markets are also closed. The implications of Japanese financial markets being closed bears particularly attention this year, given events that have transpired in the recent past. Recall what happened at the start of January 2019: Japanese markets were closed while global markets were otherwise open. During the crossover session between North American trading and Asian trading, an earnings warning by Apple sent traders scrambling; programmatic trading algorithms kicked in, selling highly correlated assets across the board in quick succession. The benefit of hindsight informs us that the January 2019 Japanese Yen flash crash was product of the market conditions at hand – a slew of factors that rarely line up all at once. While a Yen flash crash during Golden Week is not our base case scenario, traders should be fully aware of the risk that comes with holding open JPY positions over the coming days – there is more risk now than usual. If there is abnormal activity in the JPY-crosses over the coming days, look no further than AUDJPY price action. Read more: Japanese Yen Flash Crash Warning on High Alert – Calm Before the Storm Pairs to Watch: AUDJPY, EURJPY, USDJPY AUDJPY Technical Analysis: Daily Price Chart (January 2018 to April 2019) (Chart 1)
Since shortly after the Yen flash crash in January, AUDJPY prices had been consolidating in a sideways pattern between 77.50 and 79.85 until April 12.For a few days in mid-April, the path of least resistance appeared to be to the topside for AUDJPY. But it now appears that a "false breakout" condition has emerged, now that AUDJPY price has returned under 79.85. Compounding the reversal has been the fact that the trendline from the March and April swing lows has been broken. AUDJPY price is now below the daily 8-, 13-, and 21-EMA envelope, while Slow Stochastics has fallen into oversold territory and daily MACD has started to move below its signal line. In line with a principle of technical analysis that a false breakout from a consolidation often yields a return to the other side of the consolidation (i.e. if prices broke through consolidation resistance and returned into the consolidation, then odds would increase that price would revisit consolidation support). Accordingly, a move back towards 77.50 shouldn't be ruled out. IG Client Sentiment Index: AUDJPY (April 26, 2019) (Chart 2)
AUDJPY: Retail trader data shows 71.4% of traders are net-long with the ratio of traders long to short at 2.5 to 1. The number of traders net-long is 5.6% lower than yesterday and 27.1% higher from last week, while the number of traders net-short is 18.7% lower than yesterday and 55.5% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUDJPY prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUDJPY-bearish contrarian trading bias. FX TRADING RESOURCESWhether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading. — Written by Christopher Vecchio, CFA, Senior Currency Strategist To contact Christopher, email him at cvecchio@dailyfx.com Follow him in the DailyFX Real Time News feed and Twitter at @CVecchioFX
Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
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| April Bank of Japan Meeting & EURJPY Price Forecast Posted: 26 Apr 2019 01:55 PM PDT Hits: 0 Talking Points: – Japan's "Golden Week" – a period at the end of April/beginning of May with several holidays clustered together – will see Japanese markets closed from April 29 to May 7. – The last time Japanese markets were closed while global markets were otherwise open was in January 2019 – which precipitated the liquidity conditions that led to the Japanese Yen flash crash. – Recent changes in retail trader positioning suggest that AUDJPY will likely continue lower. Join me on Mondays at 7:30 EDT/11:30 GMT for the FX Week Ahead webinar, where we discuss top event risk over the coming days and strategies for trading FX markets around the events listed below. 04/29 to 05/07 | Japan Golden Week – Japanese Markets ClosedIt's the end of April, which means it's time for Japan's "Golden Week." The Golden Week is typically a period at the end of April/beginning of May that encompasses several holidays during a short timeframe, and due to the inefficiencies of frequently opening/closing businesses, many factories shutdown and offices work on skeleton crews. In turn, Japanese financial markets are also closed. The implications of Japanese financial markets being closed bears particularly attention this year, given events that have transpired in the recent past. Recall what happened at the start of January 2019: Japanese markets were closed while global markets were otherwise open. During the crossover session between North American trading and Asian trading, an earnings warning by Apple sent traders scrambling; programmatic trading algorithms kicked in, selling highly correlated assets across the board in quick succession. The benefit of hindsight informs us that the January 2019 Japanese Yen flash crash was product of the market conditions at hand – a slew of factors that rarely line up all at once. While a Yen flash crash during Golden Week is not our base case scenario, traders should be fully aware of the risk that comes with holding open JPY positions over the coming days – there is more risk now than usual. If there is abnormal activity in the JPY-crosses over the coming days, look no further than AUDJPY price action. Read more: Japanese Yen Flash Crash Warning on High Alert – Calm Before the Storm Pairs to Watch: AUDJPY, EURJPY, USDJPY AUDJPY Technical Analysis: Daily Price Chart (January 2018 to April 2019) (Chart 1)
Since shortly after the Yen flash crash in January, AUDJPY prices had been consolidating in a sideways pattern between 77.50 and 79.85 until April 12.For a few days in mid-April, the path of least resistance appeared to be to the topside for AUDJPY. But it now appears that a "false breakout" condition has emerged, now that AUDJPY price has returned under 79.85. Compounding the reversal has been the fact that the trendline from the March and April swing lows has been broken. AUDJPY price is now below the daily 8-, 13-, and 21-EMA envelope, while Slow Stochastics has fallen into oversold territory and daily MACD has started to move below its signal line. In line with a principle of technical analysis that a false breakout from a consolidation often yields a return to the other side of the consolidation (i.e. if prices broke through consolidation resistance and returned into the consolidation, then odds would increase that price would revisit consolidation support). Accordingly, a move back towards 77.50 shouldn't be ruled out. IG Client Sentiment Index: AUDJPY (April 26, 2019) (Chart 2)
AUDJPY: Retail trader data shows 71.4% of traders are net-long with the ratio of traders long to short at 2.5 to 1. The number of traders net-long is 5.6% lower than yesterday and 27.1% higher from last week, while the number of traders net-short is 18.7% lower than yesterday and 55.5% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUDJPY prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUDJPY-bearish contrarian trading bias. FX TRADING RESOURCESWhether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading. — Written by Christopher Vecchio, CFA, Senior Currency Strategist To contact Christopher, email him at cvecchio@dailyfx.com Follow him in the DailyFX Real Time News feed and Twitter at @CVecchioFX Can you get prosperous from fx trading? The serve is if you go from river forex, and promiscuous forex, use algorithms in fxtrading, what is farm in forex 1 symbol canadian, netdania forex, buy increase vantage of the forex scheme indicators, and account the mean fx strategy. We present follow win all.
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| Posted: 26 Apr 2019 01:41 PM PDT Hits: 18 ExxonMobil (NYSE:XOM) unveiled the company's latest quarterly earnings results early on Friday, bringing in a profit that missed expectations and a revenue that beat the mark but fell year-over-year, sending XOM stock down more than 2% today.
The figure was also below the Wall Street consensus estimate of 70 cents per share for ExxonMobil, according to a survey of analysts conducted by FactSet. Revenue also took a hit, falling about 6.7% year-over-year as the amount arrived at $63.6 billion, below the $68.2 billion from the year-ago period. Analysts were calling for the business to bring in $63 billion in sales, according to data compiled by FactSet. ExxonMobil added that its oil-equivalent production during its first three months of 2019 increased 2% year-over-year to 4 million barrels a day. CEO Darren Wood noted that a solid operating performance helped the business offset challenging downstream and chemical margin environments. A change in Canadian crude differentials and heavy scheduled maintenance negatively impacted the company's results, much like it did during its fourth quarter of 2018, Wood said in a statement. XOM stock is down about 2.2% on Friday following these results. Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| Currency Volatility Could Ignite with EZ GDP, FOMC, US NFP Next Week Posted: 26 Apr 2019 01:22 PM PDT Hits: 11 CURRENCY VOLATILITY – TALKING POINTS:
The latest stretch of gains in the US Dollar appears to have stoked forex market volatility over the last few days of trading. However, price action looks to have been in anticipation of Q1 US GDP which was released earlier today. With this data now in the rearview mirror, what risks have potential to propel further currency volatility next week? FOREX MARKET IMPLIED VOLATILY AND TRADING RANGES
First on the list of possible volatility triggers is Japan's Golden Week where the Japanese will observe a consecutive 10-day holiday celebrating the country's emperors among other national events. With Japan's financial markets closed all next week, traders might expect limited liquidity and raises the risk of rampant price swings. In fact, the last time the Japanese markets were closed on holiday while other markets were still open was on the January 3 JPY flash-crash. Consequently, AUDJPY will be an interesting currency pair to keep an eye on next week. According to 1-week implied volatility measures, AUDJPY traders might expect spot prices to fluctuate between 77.940 and 79.238 with a 68 percent statistical probability. The 1-week implied high and low aligns well with Fibonacci support and resistance which have contributed to the narrow trading range observed since the January 3 flash-crash. AUDJPY PRICE CHART: DAILY TIME FRAME (NOVEMBER 27, 2018 TO APRIL 26, 2019)
Shifting to hard economic data, the Eurozone is slated to release its Q1 GDP report during Tuesday's session. If the numbers show an improvement in the Eurozone's economic growth and surprise to the EURUSD could attempt to rebound from its recent selloff. On the contrary, if the report fails to provide reasons for optimism, the Euro could continue to come under pressure. The 1-week EURUSD trading range derived from implied volatility priced into forex option contracts estimates that the currency pair will trade between 1.1086 and 1.1230 with a 68 percent statistical probability. EURUSD PRICE CHART: DAILY TIME FRAME (DECEMBER 26, 2018 TO APRIL 26, 2019)
Later on Tuesday, Canada will also release its GDP numbers and could draw a reaction in USDCAD. Last week, the Bank of Canada rate decision weighed negatively on the Canadian Dollar given dovish language found in the Governing Council's press statement and follow up commentary from Stephen Poloz. If Canada's GDP report echoes timid economic activity in the country, more pain could be expected for the loonie. Also worth noting is the recent downside in oil which might pose as another headwind to CAD upside. USDCAD PRICE CHART: DAILY TIME FRAME (NOVEMBER 15, 2018 TO APRIL 26, 2019)
Taking the spotlight for the US Dollar will be Wednesday's FOMC decision. Although the Fed is expected to remain on hold according to OIS pricing, Chair Jerome Powell will likely provide markets with an update on the central bank's latest view on monetary policy – particularly in context of the latest US GDP report. Fed futures are still pricing a 25-bps cut by the end of the year despite the huge upside surprise in first quarter economic growth. Although, the Federal Reserve will likely indicate its relatively hawkish or dovish tilt at this upcoming meeting which could warrant a sizable reaction in the USD. In fact, expected USD price action has rebounded higher shown in the chart below. DXY US DOLLAR INDEX 1-WEEK IMPLIED VOLATILITY PRICE CHART: DAILY TIME FRAME (APRIL 25, 2018 TO APRIL 26, 2019)
To cap off the week, US Nonfarm Payroll data will be released in addition to the ISM Services Index for April. Further improvement in US economic data will likely reduce market expectations for a rate cut from the Fed this year and could boost the greenback. On the contrary, weakness in America's job market could give markets the jitters if this cornerstone of the US economy shows signs of deterioration. TRADING RESOURCESWhether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading. – Written by Rich Dvorak, Junior Analyst for DailyFX – Follow @RichDvorakFX on Twitter http://platform.twitter.com/widgets.js Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
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| Japanese Yen Flash Crash Warning on High Alert Posted: 26 Apr 2019 01:14 PM PDT Hits: 12 Flash Crash Analysis and Talking PointsJapanese Golden Week: Is Another Flash Crash on the way?Japanese markets will be closed from 27th April to 6th May, which will be the longest market closure since World War II. Consequently, this has seen fears mount that there is the possibility of a flash event and volatile market movements, given that Asian hour liquidity conditions will be lower than average, this thin liquidity consequently raises the risk of a surge in market volatility. The Japanese FX Chief added to these concerns having stated that they cannot rule out the chance of a flash crash in the market. Latest Japanese Retail FX Net PositioningWhat is a Flash Crash?A "flash crash" is typically characterised as an event in which a large and sudden move in the price of an asset appears to be excessive relative to the fundamental environment, often with no obvious catalyst, which is then followed by a rather swift recovery. RECENT FLASH CRASH EVENTSUS Equity Market Flash Crash (May 6th, 2010) | -6% in 40-Minutes On May 6th, 2010 a London-based trader manipulate S&P 500 E-mini futures through "spoofing". This had involved an algorithm constantly placing large "fake" sell orders just above the best offer, which artificially drove down the price of the index before cancelling those sell orders so that no sell orders were executed. Consequently, as E-mini and equity prices dropped sharply, liquidity had deteriorated, providing further distortions in prices. In the timespan of roughly 40-minutes the S&P 500 dropped sharply by over 6% in the first 20-minutes before retracing.
Pound Flash Crash (October 7th, 2016) | -6% in 3-minutes Early in the Asian trading session, the Pound had depreciated near over 6% in a matter of minutes before quickly retracing much of the losses. While there were a lack of clear catalysts to drive such price action among the major factors that had played a role in the move was the time of day, which is typically asscosicated with lower market volume, making for illiquid trading conditions. Another factor that seemed to have had exacerbated the decline was the surge in demand to sell the Pound in order to hedge options positions, while a GBP negative media report had also added a marginal weight, however, this had not been new information. Consequently, these factors had contributed to a brief halt in futures trading.
VIX Blowout (February 5th, 2018) | +80% in 2-hours On February 5th, 2018, the S&P 500 had plunged over 4%, marking the largest daily drop in the index since August 2011. This had coincided with VIX rising by 20 points, which had been the largest rise since 1987. Typically, a fall in equity markets is associated with a rise in the VIX and VIX futures. Among the main factors behind the surge in the VIX and VIX futures had been related to issues of volatility exchange trade products (ETPs), which allows an investor to trade volatility for hedging and speculators reasons. Issuers of leveraged volatility ETPs can take long positions on VIX futures in order to increase their returns relative to the VIX. Inverse volatility ETPs are investors to take short positions in VIX futures meaning that they are able to bet on lower volatility. In order for investors to maintain their target exposures, investors tend rebalance their portfolios on a daily basis via trading VIX related derivatives in the last hour of the trading day. On February 5th, the surge in the VIX had created a feedback loop whereby long volatility ETPs had to buy more VIX futures in order to maintain their exposure, while inverse volatility ETPs had to buy VIX futures in order to cover their losses, which had ultimately dropped over 80%, leading to the termination of the product. Consequently, this had driven the overall levels of volatility and thus exacerbating the declines on the S&P 500. In the 2-hour period, the VIX had jumped over 80%.
Japanese Yen Flash Crash (January 3rd, 2019) | -3% in 5-Minutes On January 3rd, 2019 during the early hours of the Asian trading session, the Japanese Yen had surged by over 3% against the US Dollar in a matter of minutes. Much like prior flash events the direct catalyst behind them are somewhat uncertain. Given the time at which the event had occurred, market liquidity would have been a factor that contributed to the move given the time of day (between US close and Asia open), while liquidity would have been reduced further, since Japanese participants had been away for a public holiday.
Another factor that added to the gains in the Japanese Yen had been the liquidation of carry trades, which in turn saw JPY rise substantially against higher yielding currencies such as the Australian Dollar (AUDJPY dropped 8%) and Turkish Lira (TRYJPY dropped 10%). Prior to the event, Japanese retail positioning had been notably short the Japanese Yen.
Sources: BIS, Bloomberg, Thomson Reuters, Tokyo Financial Exchange — Written by Justin McQueen, Market Analyst To contact Justin, email him at Justin.mcqueen@ig.com Follow Justin on Twitter @JMcQueenFX http://platform.twitter.com/widgets.js Can you get prosperous from fx trading? The serve is if you go from river forex, and promiscuous forex, use algorithms in fxtrading, what is farm in forex 1 symbol canadian, netdania forex, buy increase vantage of the forex scheme indicators, and account the mean fx strategy. We present follow win all.
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| Argentine peso plummets as political risk rises Posted: 26 Apr 2019 01:06 PM PDT Hits: 10 Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| Posted: 26 Apr 2019 01:05 PM PDT Hits: 14 In the latest Friday Apple (NASDAQ:AAPL) rumors, the company announced the recall of wall plug adapter used overseas, several members of its industrial branch are leaving the company and iPhone sales during the March quarter may have left something to be desired.
Industrial Workers Leave: One of Apple's most important teams is its industrial design one, who work under design chief John Ive. A report suggests that three longtime industrial design team workers are leaving the company. Rico Zorkendorfer and Daniele De Iuliis both left the company recently, while Julian Hönig plans on leaving during the next few month. The first two have been working for Apple for a combined 35 years, while the latter has been there for a decade. iPhone Sales Lag: A Cowen investor predicts that Apple's March quarter results will be in line with the company's guidance, which includes a 10% decline from quarter to quarter. Expect near-term weakness in iPhones discounted by the market, he says. However, the company's weaker demand could be turned around once Apple's 5G phone is rolled out. AAPL stock is down 0.6% Friday. Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| FX Price Action Setups in EUR/USD, GBP/USD, USD/CHF and USD/CAD Posted: 26 Apr 2019 12:42 PM PDT Hits: 13 Forex Talking Points:– DailyFX Quarterly Forecasts for Q2 have been recently released, and are available directly from the following link: DailyFX Trading Guides, Q2 Forecasts. – For trading ideas, please check out our Trading Guides. And if you're looking for something more interactive in nature, please check out our DailyFX Live webinars. – If you'd like more color around any of the setups below, join in our live DailyFX webinars each week, set for Tuesday and Thursday at 1PM Eastern Time. You can sign up for each of those sessions from the below link: Tuesday: Tuesday, 1PM ET Thursday: Thursday 1PM ET Do you want to see how retail traders are currently trading the US Dollar? Check out our IG Client Sentiment Indicator. US Dollar Trades to Fresh 2019 High: Time to Reverse or More to Go?The US Dollar finally broke out. In last week's FX Setups, I asked the question if this was going to be the week that US Dollar bulls took control. This comes after months of digestion with the currency building deeper into a symmetrical wedge pattern, and as looked at in the Q2 technical forecast on the US Dollar, this brought with it bullish potential for the US currency. Now that prices have set that fresh 22-month high in the US Dollar, the big question is whether buyers will be able to continue the move. Making matters more interesting – next week's economic calendar is absolutely loaded, with an FOMC rate decision on Wednesday, a Bank of England 'Super Thursday' rate decision on Thursday, and then Non-Farm Payrolls on Friday. And those are just the highlights, as the docket is littered with high-impact events that could compel workable price moves in a variety of venues. Below, I look into a series of price action setups across the US Dollar. US Dollar Holds Resistance at 22-Month HighsChart prepared by James Stanley Bearish EUR/USD on Hold Below 1.1262Euro bears finally made their move: The range that had been building for the previous five months gave way as USD-strength and Euro weakness saw the world's most popular currency pair break-down to a fresh 22-month low. I had looked into this scenario last week, initially just looking for a move back down to support; but with it came the potential for break-even stop moves that could allow for breakout plays. Prices pushed down to support around the 1.1120 level, at which point a bit of grind began to develop. That grind held through the Friday open and prices began to tip-higher. This can keep the door open for a further retracement, targeting that prior zone of support for lower-high resistance. This week's high set at 1.1262 can serve as a form of invalidation, and if that theme shows up, then we're likely also looking at scenarios of USD-weakness, at which point other setups (such as USD/CHF or USD/CAD) looked at below could remain of interest. EURUSD Eight-Hour Price Chart
Chart prepared by James Stanley Bearish GBP/USD On Hold Below 1.3020I started looking into short GBP/USD strategies a couple of weeks ago, attempting to anticipate this bearish breakout. GBP/USD has displayed a similar backdrop of recent, as a round of digestion followed a big move. GBP/USD had a very strong first two months of the year, with volatility increasing around the March open in response to Brexit dynamics. But, as that theme cooled, so did GBP/USD volatility, and the pair then spent the next month building into a descending triangle formation. This type of pattern will often be approached with a bearish aim, looking for the same motivation that's brought-in bears at lower-highs to, eventually, allow for a break through horizontal support. That finally happened this week as USD broke-out to fresh 22-month highs, and GBP/USD continued all the way down to the first target looked at in last week's FX Setups. This runs around the 1.2900 handle, as two different Fibonacci levels in close proximity offer an element of confluence. And now that a bounce is developing, the potential for bearish trend continuation, and that prior zone of support from the descending triangle can now be re-utilized as potential resistance. This zone runs from 1.2960 up to 1.3000, and a hold of resistance here can open the door for bearish strategies with stops investigated above 1.3020. Target potential could remain around the same 1.2900, 1.2829, 1.2783 and, longer-term, the 1.2671-1.2721 zone. GBP/USD Eight-Hour Price Chart
Chart prepared by James Stanley Bearish USD/CHF: Reversal Potential on Hold Below 1.0250It's been a wild month in USD/CHF, as the pair pushed-higher off of a Fibonacci level at .9902 to rally up to fresh two-year-highs in a relatively short span-of-time. Prices in the pair tested above the 1.0200-handle this week, and this appears to be around where bears began to show up as Tuesday-Friday brought a continued show of resistance. For traders looking to fade the US Dollar strength or, more to the point, for traders open to working with reversal scenarios, such a setup may exist in USD/CHF. Traders can investigate risk levels above the highs with targets directed towards the 1.0100 level. Break-even stop moves could be investigated at the first target, at which point secondary target potential exists around the parity level of 1.0000. USD/CHF Daily Price Chart
Chart prepared by James Stanley USD/CAD Finds Resistance at 1.3500, Builds Reversal PotentialI had tried to catch the short side of USD/CAD last week, but that didn't work as both USD-strength and CAD-weakness propelled the pair up to fresh three-month-highs. But what did show up soon after was a hit of resistance at the 1.3500 handle, and prices have since started to show tendency for reversal. This can re-open the door for bearish strategies, and traders looking at risk levels above the three-month-high could couple that with an initial target around the 1.3385 level to aim for a better than 1-to-1 risk-reward ratio. USD/CAD Daily Price Chart
Chart prepared by James Stanley To read more:Are you looking for longer-term analysis on the U.S. Dollar? Our DailyFX Forecasts for Q4 have a section for each major currency, and we also offer a plethora of resources on USD-pairs such as EUR/USD, GBP/USD, USD/JPY, AUD/USD. Traders can also stay up with near-term positioning via our IG Client Sentiment Indicator. Forex Trading Resources DailyFX offers an abundance of tools, indicators and resources to help traders. For those looking for trading ideas, our IG Client Sentiment shows the positioning of retail traders with actual live trades and positions. Our trading guides bring our DailyFX Quarterly Forecasts and our Top Trading Opportunities; and our real-time news feed has intra-day interactions from the DailyFX team. And if you're looking for real-time analysis, our DailyFX Webinars offer numerous sessions each week in which you can see how and why we're looking at what we're looking at. If you're looking for educational information, our New to FX guide is there to help new(er) traders while our Traits of Successful Traders research is built to help sharpen the skill set by focusing on risk and trade management. — Written by James Stanley, Strategist for DailyFX.com Contact and follow James on Twitter: @JStanleyFX http://platform.twitter.com/widgets.js Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
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