Weekly Analysis 07/02/2016 – 12/02/2016

    Good morning, Monday February 8; Labor Market Conditions Index (US), Industrial Production (GER). The Unemployment Rate will be released on Tuesday by the Swiss State Secretariat for Economic Affairs (SECO). This week, Federal Reserve Chair Janet Yellen will be on Capitol Hill for two days of testimony, appearing before the House Financial Services Committee on Wednesday and the Senate Committee on Banking, Housing, and Urban Affairs on Thursday.  RBA Governor Glenn Stevens will give a press conference as to how th more ...

    Posted 6 days ago (0) comments

    USDJPY February 12, 2016

    High: 113.48 | Low: 110.98 112.31 / 112.34

    The pair is well below its 1-year standard deviation channel which is usually a decent metric for identifying markets that are oversold so the risk is rising for a multi-day counter-trend recovery in our view. more ...

    Posted 2 days ago (0) comments

    USOIL February 12, 2016

    High: 29.69 | Low: 28.35 29.50 / 29.56

    AUDUSD February 12, 2016

    High: 0.7152 | Low: 0.6982 0.7096 / 0.7100

    GOLD: XAUUSD February 12, 2016

    High: 1263.16 | Low: 1198.09 1245.97 / 1246.57

    EURUSD February 12, 2016

    High: 1.1376 | Low: 1.1273 1.1319 / 1.1322

    Economic News February 12, 2016

    Good afternoon, Closing the week in the US we will get Retail Sales figures for January. EURUSD trading at 1.1253 The Reuters/Michigan Consumer Sentiment Index for February and Business Inventories for December will round off the data set for publication today. The Federal Reserve's William Dudley is scheduled to speak this session. USOIL trading at $30.15 per barrel. GOLD saw an interesting day with some swings yesterday reaching a high of $1263 per ounce. The shiny metal is priced at $1237 at time of writing. US and Canadian markets will have a long weekend, as markets remain closed for President's Day in the US and Family Day in Canada. I hope you all have a nice weekend.   Read More ...

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