ETF

 Can Hong Kong Afford a Credit Rating Cut?

In its latest credit rating report on Hong Kong, Standard & Poor’s Financial Services LLC said that “although the political polarization surrounding Hong Kong’s (chief executive) election reform has sometimes made decision-making in the Legislative Council lengthier and more contentious than before, in our base-case scenario, we do not expect the tension to significantly affect the effectiveness of governance, given the government’s strong record and the likely pragmatic approach of

 GBPUSD Daily Analysis - September 4, 2014

GBPUSD’s downward movement from 1.6643 extended to as low as 1.6440.

EURUSD FXE

EURUSD remains in downtrend from 1.3411, the rise from 1.3110 is likely consolidation of the downtrend.

AUDUSD Forecast September 4, 2014, Technical Analysis

The AUDUSD pair rose during the session on Wednesday, but remains within the consolidation area that we had seen form over the last several weeks.

 EURUSD Daily Analysis - September 3, 2014

EURUSD remains in downtrend from 1.3411, further decline would likely be seen after a minor consolidation, and next target would be at 1.3000 area.

Oil Rally Hits the Buffers – Hard!

The short term rally for crude oil, came to a shuddering halt yesterday, as the December WTI futures (USO, quote) contract closed at $92.88 per barrel, having shed over $3 per barrel on the day, closing as a wide spread down candle on the daily chart.

 GBPUSD Daily Analysis - September 3, 2014

After consolidation, GBPUSD broke below 1.6536 support and continued its downward movement from 1.7190, and the fall extended to as low as 1.6463.

Another Nightmare for Gold Bugs!

As US markets returned to work yesterday after the long Labor day weekend, and an even longer summer, trading for gold started with a bang.

AUDUSD Forecast September 3, 2014, Technical Analysis

The AUDUSD pair fell during the day on Wednesday, but remained supported near the 0.9250 level, just as we had anticipated.

ECB Under More Pressure As PMI Slips

The euro remained below $1.32 on Tuesday morning as the European Central Bank’s (ECB) September policy meeting approached.