Author: Eamonn Sheridan

                       

AUD/USD

  • Sellers ... some around 0.7400, then 0.7430 through 50. There are stop loss buyers mingled above 0.7430
  • Buyers lurking ... the change in tack from the RBA on currency comments have left a few shorts still wanting to cover ...0.7370 down through 0.7350 initially then 0.7300/15. Some trading stops mingled below 70 and 50.

Currently 0.7379


NZD/USD

  • Sellers 0.6555/65 then 0.6610/20
  • Buyers   0.6500 again, and stops below here. (ps. If the price approaches 0.6500, the how it approaches will bear watching)

Currently 0.6538



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Author: Eamonn Sheridan
4

New Zealand Q2 employment change: +0.3% q/q (vs. +0.5% expected)

New Zealand Q2 employment data Unemployment rate for Q2: 5.9% - expected 5.9%, prior was 5.8% Employment change for Q2 q/q: +0.3% - expected +0.5%, prior was +0.6%, revised from 0.7% Employment change for Q2 y/y: +3.0%

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Author: Greg Michalowski

ForexLive Americas wrap: Feds Lockhart sends the dollar higher

Forex trading news and economic data headlines August 4, 2015 -   It looked like a repeat of yesterday's trading. Ranges for most pairs (sans the AUDUSD) were well off their recent averages (i.e. volatility down). There was some choppy action with no discernible trend. Factory Orders came in close to expectations.  IBD/TIPP Economic optimism was weaker.  The market stayed in a range. 

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Author: Eamonn Sheridan

Economic data due from China today

Due at 0145GMT for China, the Caixin Services and Composite PMIs for July (Ya'll know the HSBC PMI is now called the Caixin PMI, right?) - Caixin Services PMI for July, prior was 51.8

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Author: Eamonn Sheridan

Economic data due from Japan - services PMI

Due at 0135GMT for Japan, the Nikkei Services and Composite PMIs for July - Services PMI, prior was 51.8 - Composite PMI, prior was 51.5

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Author: Eamonn Sheridan

IMF review recommends delaying currency basket adoption of yuan - Reuters

Reuters with the headlines on the IMF recommending delaying the adoption of the Chinese yaun into its Special Drawing Rights currency basket - International Monetary Fund staff report recommends putting off any move to add the yuan to its until September 2016 More:

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Author: Eamonn Sheridan
1

Economic data due from New Zealand today

Maybe this is all you need to know about the kiwi for today ... New Zealand Fonterra dairy prices -9.3% vs -10.7% prior Or, maybe not. Here's whats coming up, due at 2245GMT:

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Author: Eamonn Sheridan
10

Trade ideas thread for Wednesday 5 August 2015

Good morning/evening/afternoon. Wednesday already! Any trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: 

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Author: Eamonn Sheridan
3

API crude oil inventories: -2.4 mln barrels

API crude oil inventories in the week to July 31 Larger than expected drawdown American Petroleum Institute data: - Crude stocks at Cushing, Oklahoma fell by 504,000 barrels -

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Author: Eamonn Sheridan
4

NZD - Westpac says it expects Fonterra to cut 15/16 milk payout to $NZ3.70

Bloomberg with the headline Follows (yeah, that's how they spell it ...  spacesbetweenwordsareso5minutesago, you know?) auction. more declines in dairy prices overnight at the GlobalDairyTrade Note - the Fonterra board meeting is scheduled for August 7, revisions to the payout are expected at this meeting (current payout figure is at $5.25/mskg)

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Author: Greg Michalowski
2

US stocks end down on the day

Apple puts a hurting on the Dow The major US stock indices are ending the day down on the day.  Apple which fell an additional $3.70 was a drag on the Dow. 

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Author: Greg Michalowski
1

Forex technical analysis; GBPUSD returns to a familiar area

The laps continue for this pair The GBPUSD is also making new lows on the day. This is the 3rd time today near this extreme today. Yesterday the pair got close to it as well.  We are also below the 50% retracement and 200 hour MA for the 5th time this week.  The other 4 times were failures that led to sharp retracements higher.   Will the 5th time be the charm?  The same rules apply...Stay below the 200 hour and 50% retracement and the bears are in control. Move back above and all bets are off.

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Author: Greg Michalowski
1

Forex technical analysis: USDCAD, USDJPY, USDCHF, NZDUSD make new day extremes 

They all join the  EURUSD.  Lockhart comments cited.  Atlanta Fed Lockhart said he saw liftoff in September and the dollar soared. New extremes have been made (at least for the day) in the EURUSD, USDCHF, USDCAD, USDJPY, and NZDUSD. Below are some looks at those pairs with targets and close risk levels.   Remember, the markets are prone for failures so be aware and prepared.  

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