August 2015

"Seems to be that markets are just rebounding or paring back some of the losses. Currencies that enjoyed gains at the beginning of the week are now under pressure. And those that underperformed, like the Canadian dollar, are doing better."…

By David Rodriguez, Quantitative Strategist - The Euro has rallied sharply as the S&P 500 and stocks tumble - Is the Euro suddenly a safe-haven currency? No. - Look to positioning to help understand the recent unwind in market…

"Prospects of this specific Greek bailout deal going through are supporting the euro. But these are developments taking place after Greece and its lenders reached a broad agreement last month, and dollar-side factors are likely to determine…

"It's more monetary easing in Asia, theoretically it will decrease our competitiveness as well." - ASB Bank (based on The New Zealand Herald) Pair's Outlook The Kiwi's attempts to edge lower were completely nullified yesterday,…

"The data today or the events in China should not do that much in terms of having an impact for funds today. If anything, funds has been compressing towards our fair value estimate which has been rather sticky at ~1.30." - TD Securities…

"September remains a live possibility" - Dennis Lockhart, Federal Reserve Bank of Atlanta Dennis Lockhart, Federal Reserve Bank of Atlanta President, said the US central bank is close to hiking the interest rates, as the world's number one…

By Ilya Spivak, Currency Strategist Talking Points: - USD/JPY Technical Strategy: Flat - Support: 124.10, 123.28, 122.73 - Resistance: 124.78, 125.20, 125.88 The US Dollar produced a bearish Evening Star candlestick pattern, suggesting a…

By Ilya Spivak, Currency Strategist Talking Points: - Support: 1084.49, 1071.28, 1056.18 - Resistance: 1109.28, 1132.79, 1151.79 Gold continues to tread water in familiarterritory near the $1100/oz figure as prices await a new…

By Ilya Spivak, Currency Strategist Talking Points: - EUR/USD Technical Strategy: Flat - Support: 1.0988, 1.0870, 1.0818 - Resistance: 1.1047, 1.1121, 1.1195 The Euro continues to correct higher against the US Dollar, extending the up…

By Ilya Spivak, Currency Strategist Talking Points: - Support: 48.22, 45.11, 41.68 - Resistance: 51.34, 53.27, 56.39 Crude oil prices put in a Bullish Engulfing candlestick pattern, hinting a move higher may be brewing ahead. A daily…