FXCM/DailyFX Signals and Analysis

[Jason Rogers]

Gold Setting the Stage For "Lift-off" Post-FOMC


A couple of different scenarios could unfold following the FOMC meeting tomorrow. While it is widely expected the Fed will raise rates, what is not so clear is the path the Fed will take after embarking on a tightening cycle.

Gold Daily: Aug '15 - Present

If the Fed signals an even more gradual pace of rate increases than the market expects, we will likely see an immediate sell-off in the dollar and rise in precious metals.

 

[Jason Rogers]

Snapshot of Retail Trader Sentiment Heading into FOMC

source: The new Sentiment section of DailyFX

 

[Jason Rogers]

Post-FOMC Sentiment Points to Further US Dollar Strength

Read quantitative strategist David Rodriguez's full report on DailyFX.com.

 

[Jason Rogers]

DailyFX Forecasts for the US Dollar, Gold, Equities, Yen, and Oil in 2016

• US Dollar: Greenback Looks in Trouble Heading into New Year
• International Equities: S&P 500, World Equities at Risk of Major Correction
• Gold Price Forecast: Sell-Off May Accelerate as Fed Likely to Hike Rates
• Yen Forecast: Fed Rate Hikes and BoJ Action Points to USD/JPY Gains
• Oil Price Forecast: No End in Sight for Oil Price Declines

The forecasts above are all discussed today on DailyFX.com

 

[Jason Rogers]

JPY Strength Materializing as Global Equities Plummet

 

[Jason Rogers]

Riksbank Intervention Threat Aims to Lift EUR/SEK Prices

Currency strategist Christopher Vecchio discussion the following in his article today on DailyFX.com:

• Riksbank has been threatening intervention for the past several months.
• Ability to intervene was codified on Monday with this release.
• EUR/SEK move below 9.1000 would greatly raise odds of immediate intervention.

 

[Jason Rogers]

Substantial Shift in Sentiment Post-NFP

See David Rodriguez's weekly report on the Speculative Sentiment Index (SSI) at DailyFX.com

 

[Jason Rogers]

CNH rolls surge as China gets more aggressive in deterring speculation

DailyFX quantitative strategist David Rodriguez sent me the following alert this morning:

"overnight rollover charges in the USD/CNH have surged as the PBOC has unofficially made it substantially more expensive to hold CNH-short positions. This is consistent with their preference to defend the CNH against speculation, and theres no question that they're feeling the heat on the surge in the CNH vs CNY spread. (more on that here)"

image source: Bloomberg​

 

[Jason Rogers]

from John Kicklighter's Twitter feed:

"Strongest $SPX bearish momentum - spot distance from 200-day DMA - since 2011 tumble."

 

[Jason Rogers]

Sentiment Points to Potential Trend Reversal in CAD and Majors

For David Rodriguez's full report on the Speculative Sentiment Index (SSI), visit DailyFX.com