ECB Unchanged – Markets React Negatively
ECB’s inaction clearly disappointed a few people as European stock indices dropped when the policy statement was released.
Currencies
GBPUSD Forecast September 8, 2016, Technical Analysis
The GBPUSD pair fell significantly during the course of the day on Wednesday, as we found quite a bit of resistance in the area of 1.34 above.
EURUSD Forecast September 8, 2016, Technical Analysis
The EURUSD pair initially tried to rally during the course of the session on Wednesday, but then turn right back around to form a shooting star.
BOC Rate Decision Preview
Apart from Apple’s expected launch of the new iPhone, today’s other big event is the Bank of Canada’s rate decision, due at 15:00 BST (10:00 ET). Along with the consensus forecasts, we do not expect the BOC to make any changes to its policy.
AUDUSD Daily Analysis – September 7, 2016
AUDUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.7755 had completed at 0.7489 already.
EURUSD Forecast September 6, 2016, Technical Analysis
The EURUSD pair went back and forth during the course of the day on Monday, essentially settling nothing. Perhaps lack of volume was part of the problem as Americans were away for Labor Day.
AUDUSD Forecast September 6, 2016, Technical Analysis
The AUDUSD pair rallied slightly during the day on Monday, but we await the Reserve Bank of Australia and its interest-rate announcement first thing in the morning.
EURUSD Forecast September 2, 2016, Technical Analysis
The EURUSD pair initially fell during the course of the day on Thursday, but turn right back around to form a very bullish candle.
AUDUSD Forecast September 2, 2016, Technical Analysis
The AUDUSD pair rose slightly during the course of the day on Thursday, breaking above the top of the candle from the Wednesday session.
Non-Farm Payroll Disappoints
The U.S. economy only created new 151,000 jobs during the August vs. 180,000 jobs expected.