July 2015

By Yash Gandhi Talking Points: - USD DOE Crude Oil Inventories comes in at -4203K vs 850K estimates - US DOE Gasoline Inventories has a -363K read vs 250K market expectations - USD/CAD plummets -60 pips following dismal oil inventories…

"We're still expecting a fourth-quarter lift-off in the Fed funds rate and that's when you'll see the trough in gold or we could potentially see gold take another leg lower." - ANZ Bank (based on CNBC) Pair's Outlook The bears…

By Nathalie Huynh Talking Points: - Copper recovered in line with Chinese stocks - Oil entered bear market, expect modest recovery intraday - Gold steadied coming up to Federal Reserve meeting An 8.5 percent drop in Chinese stocks on…

By Ilya Spivak, Currency Strategist Talking Points: - U.S. Dollar Technical Strategy: Holding Long - Support: 11985, 11937, 11898 - Resistance: 12015, 12034, 12063 The Dow Jones FXCM US Dollar Index edged lower as expected following the…

By Ilya Spivak, Currency Strategist Talking Points: - EUR/USD Technical Strategy: Flat - Support: 1.1047, 1.0955, 1.0899 - Resistance: 1.1121, 1.1195, 1.1287 The Euro broke above a falling trend line set from mid-June, hinting an upside…

"Front-end U.S. yields are slightly higher - I think that's a key driver. But what's been driving markets over the last few weeks has been weakness in commodity prices." - BNP Paribas (based on CNBC) Pair's Outlook After…

By Tyler Yell, CMT, Forex Trading Instructor Talking Points: - NZD/USD Posts Highest Volume day in 2015 - Bear Channel from April High is Key - Sentiment Should Also Drive Directional Bias Throughout 2015, interest in NZD/USD has…

By Kristian Kerr, Sr. Currency Strategist Talking Points: - EUR/JPY meandering below the 200-day moving average - Potential H&S pattern shaping up on the daily chart One of the more interesting charts at the moment is that of…

"The decline in commodities prices recently is still to be fully priced in to the Aussie and if it isn't then we think the Reserve Bank (of Australia) will deliver (interest rate) cuts, something which isn't priced in to the market." - BNP…

What performance do you expect from the Euro versus its major counterparts during the third quarter of 2015? We expect the Euro to be under moderate pressure during the third quarter, as the partial recovery of the common currency was…