Hilsenrath: It Looks Like Fed Won’t Do It
The Wall Street Journal Chief Economics Correspondent Jon HIlsenrath and Bank of America Merrill Lynch’s Michael Hanson on the Federal Reserve.
Currencies
GBPUSD Forecast September 17, 2015, Technical Analysis
The GBPUSD pair shot higher during the course of the session on Wednesday, crashing into the 1.55 handle.
EURUSD Forecast September 17, 2015, Technical Analysis
The EURUSD pair initially fell during the day on Wednesday, but found enough support near the 1.12 level to turn things back around and form a nice-looking hammer.
AUDUSD Forecast September 17, 2015, Technical Analysis
The AUDUSD pair broke higher during the course of the day on Wednesday, clearing the top of the hammer that had formed on Tuesday.
China Stocks End Two-Day Slide To Stage Major Recovery
Stocks surged on Wednesday, with the benchmark Shanghai index jumping 4.9 percent after sliding below the 3,000 level.
Spot the insider selling in Cable – answers on a postcard!
Cable’s (FXB, quote) recent revival which was signalled with a two bar reversal off the strong support platform at 1.5163 came to a juddering halt today on the release of the CPI data. Until this release cable had been testing the 1.5474 area as well as the 100 ma which capped the recent rally.
GBPUSD Forecast September 15, 2015, Technical Analysis
The GBPUSD pair fell significantly during the session on Monday, but turned back around to form a large hammer. With this, it looks like we are trying to break out to the upside but there is a significant amount of resistance at the 1.55 handle.
AUDUSD Trend Retracement Sept 15, 2015
AUDUSD has been moving higher in the past few days but it could be a large correction from the longer-term downtrend.
Slow Growth May Spur More Support
China’s (FXI, quote) economic growth failed to rebound in August as expected, signaling that the central government may have to introduce more support measures.
EURGBP Rectangle Pattern Sept 14, 2015
EURGBP is still moving sideways on its 1-hour forex chart, bouncing off support at the .7260 area and finding resistance at .7360. Price is on its way up to test the top of the range once more while stochastic is moving down from the overbought zone, suggesting that the resistance might hold.