Author: Adam Button
13

Cable falls to four-month low in ninth straight day of losses

Technical analysis: GBP/USD breaks below the June low Cable just touched a fresh session low at 1.5165 to break the June low of 1.5171. The inability to hold a significant support level after 9 losses and ahead of the weekend is disconcerting.

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Author: Adam Button

Italy sees 0.3% q/q growth in Q3

Italy's statistical agency forecasts 0.3% quarter-over-quarter growth in Q3 That's 1.2% annualized. Not great but it's growth.

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Author: Greg Michalowski
8

EURUSD and GBPUSD swing more to the downside

EURUSD back below 100 day MA. GBPUSD tests June lows The EURUSD is back below the 100 day MA after toying with the level. That level come s in at 1.11118.  Stay below....

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Author: Adam Button
1

ECB's Nowotny says ABS purchases not as successful as hoped

Nowotny laments the lack of supply When the ECB rolled out ABS purchases at this time last year, they knew that asset securitization in Europe was way behind the US but they believed that ECB buying would stimulate the market.

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Author: Adam Button
3

More good news and the Canadian dollar still can't hold a bid

70 pip drop in USD/CAD erased in minutes A strong featuring a surge in full-time hiring still wasn't enough to sustain any kind of Canadian dollar gains. That was followed by a that did next-to-nothing.

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Author: Adam Button

Canada August Ivey PMI 58.0 vs 53.3 expected

The Ivey manufacturing PMI - Prior was 52.9 - Non-seasonally adjusted index at 55.6 Three days ago the Canadian manufacturing PMI from RBC was at 49.4 compared to 50.8 in July so the market was probably below the 53.3 expected.

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Author: Greg Michalowski
4

AUDUSD tests trend line on hourly

Does not like lower stocks The AUDUSD fell again as it is a risk off trade for that pair when stocks seem wobbly. Technically, the pairs fall after the employment report, went down and looked over an edge against a lower trend line on the hourly chart (see chart below). Shorts seemed to have come in against the level (risk low) and taken some profit on the test. 

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Author: Adam Button
2

G20 communique says will tread carefully on mon pol

G20 communique draft obtained by Reuters: - Welcomes stronger activity in some countries but says global growth falls short of expectations - Confident global recovery will gain speed The bolded sounds like a clear shot at the Fed. The IMF has encouraged them to delay and emerging markets are terrified of capital flight if the Fed hikes. No one would argue the Fed has clearly communicated its next monetary policy move. 

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Author: Adam Button
4

S&P 500 tests the trendline in early decline

The S&P 500 opens 22 points lower to 1930 The S&P 500 is headed for a weekly loss, falling another 1.1% at the open on Friday. We wrote about and another one may be coming soon: The technicals.

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Author: Adam Button
3

Three reasons for a Friday fall in US stock markets

S&P 500 headed for a Friday fall with futures down 26 points 1. Uncertainty reigns If non-farm payrolls was worse, you'd have traders buying stocks expecting a dovish Fed. Or if it was stronger but with weak wage growth, you'd have a different reason to buy. Overall, no one really knows what the Fed is thinking or what's happening with China so the safest place is the sideline.

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Author: Greg Michalowski
9

Forex technical analysis: GBPUSD breaks below 1.5200

Trades at the lowest level  early June 2015 The GBPUSD has moved below the 1.5200 level and trades at the lowest level since June 5th. In fact, the low equals the low on that day. The move lower has taken the price below the 50% of the move up from the April low. That level comes in at 1.52456. 

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Author: Adam Button
1

Lacker: No one thinks the Fed will move a quarter-point each meeting

Lacker Q&A: - Hasn't decided on vote for Sept FOMC - Direct impact of slower China on US GDP likely small Lacker is a big-time hawk and him talking about the unwillingness to move quickly is really a signal that there isn't any urgency to move at all.

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Author: Greg Michalowski
1

EURUSD whips around

Back to where it all started The EURUSD has moved back to where it all began as traders fight each other.  The pair went down toward the lows from yesterday and the lower trend line on the hourly chart after initially shooting higher on the lower NFP,  That move lower could not extend - nor could the momentum keep it below the 100 day MA at the 1.1112 level.   Shorts covered, and that is what we are seeing (or saw - markets are fighting it out).. 

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Author: Ryan Littlestone
6

Aussie getting smoked after US jobs report

Aussie traders making their decision on the Fed Boom! One barrier bites the dust as we drop to 0.6928 AUDUSD weekly chart Commodities are getting beaten up and that's also having an effect. For AUD it's peeping over the edge of a cliff

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Author: Ryan Littlestone

Lacker: Payrolls report was a reasonably strong increase

Lacker takes questions - Jobs report doesn't change picture for monetary policy - Report was a good report - Fed focuses on domestic conditions - ECB must focus on what it needs to do So far there's nothing more of great interest coming from Lacker in the Q&A and certainly nothing that casts any new light on the Fed's decision in September

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Author: Adam Button
2

Live post-NFP chat

I'm on live with the gang from FXStreet If you're having trouble with the live streaming, you can catch it here: http://www.fxstreet.com/webinars/sessions/trade-nonfarm-payrolls-with-bednarik-pinkert-button-and-carrillo-20150904/ Or on Youtube:

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Author: Greg Michalowski
3

EURUSD heads higher initially on lower NFP, but unemloyment rt lower

Earnings higher.  Participation rate continues to stay low. Revision higher. The EURUSD went higher initially on the lower NFP but is back down as traders ponder what a 5.1% unemployment rate means (thanks to a lower participation rate). The manufacturing fell -17K. There was a +44 revision

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Author: Adam Button
12

August US non-farm payrolls 173K vs 217K expected

Results of the August 2015 US employment report: - Net change in payrolls 173K vs 215K prior - Two-month net revision +44K - Change in private payrolls 140K vs 204K expected This is a tougher read than it looks. The jobs number is obviously soft and private jobs are especially soft but the revisions and avg hourly earnings are strong. The unemployment rate fell due to a drop in participation but the Fed is likely to see that as part of the natural trend.

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Author: Ryan Littlestone

August 2015 Canadian employment change +12.0k vs -4.5k exp

Details from the August 2015 Canadian employment change data report 4 September 2015 - Prior +6.6k - Unemployment rate 7.0% vs 6.8% exp. Prior 6.8% - Full time change +54.4k vs -17.3k prior Another topsy turvy employment report from Canada. I'll never get the wild swings in the full/part time numbers

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