March, 2017 | Forex, Commodities & Index Analysis

Dear traders,

I will be starting to post various live signals to this blog. Some of these will be tradable, with some of them just giving information. All should be considered educational only.

Best regards,

Sam

Dr Sam’s Financial News Feeds

Are you interested in GDP, Inflation, Economic news ? August 20, 2018

Read the latest on US Economic News, World Economic News and more on RTTNews Economic News.

Are you interested in biotechnology news ? August 20, 2018

Read the latest on pharma/biotech news, Clinical Trial Results, FDA Calendar, Top Gainers, Recalls, Food Alert and more on RTTNews Biotechnology.

USD/JPY Technical Analysis: USD bulls left in the cold - USD/JPY dropping towards 110.10 level August 20, 2018

USD/JPY main trend has paused since July, 19 as the market is in a triangle consolidation. USD/JPY is challenging last Friday’s low as the market has rejected the 50-daily simple moving average. Bears target is 110.10 August 13 swing low and the trendline. A bull breakout above 111.45 swing high would negate the short-term bearish […]

EUR/USD Technical Analysis: EUR/USD breaks above last week high as Trump complains about Fed’s interest rate hikes August 20, 2018

EUR/USD bearish trend is having a bullish pullback. EUR/USD broke above last week high as US President Donald Trump said to complain about Fed's Powell raising rates. USD weakness was broad-based. EUR/USD is in a bullish channel with the main target at 1.1506 June 21 low. A sustained bear breakout below 1.1365 would invalidate the current […]

Fed's Bostic: Uncertainty over trade is chief downside risk to economic performance August 20, 2018

Additional comments from Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, are crossing the wires with key quotes, via Reuters, found below. So far appears 'few companies' are putting proceeds of tax cuts to work in ways that will be 'transformative' for U.S. productivity. Scale of U.S. debt should 'inform' fiscal policymakers moving […]

EUR/USD advances to fresh 10-day high above 1.1450 as DXY drops below 96 August 20, 2018

US Pres. Trump voices his displeasure about rate hikes. Fed's Bostic says they are worried about the flattening yield curve. US Dollar Index drops below 96 for the first time since Aug. 10. The EUR/USD pair gained traction in the last hour and rose to its highest level in ten days at 1.1462 as it […]

ECB to hold until Q3 2019; EUR/USD needs 1.15 area to steady - Scotiabank August 20, 2018

Analysts at Scotiabank explained that ECB rate tightening is not expected until Q3 2019. Key Quotes: "Germany reported as expected Jul PPI (+0.2% M/M, +3.0% Y/ Y) while Eurozone construction output rose 2.6% in the Jun year. Bloomberg’s survey of forecasts reflected a slight deceleration in growth expectations (2.1% this year, down from 2.2% in the […]

WTI finds support at $66, sticks to modest gains near $66.20 August 20, 2018

Concerns over trade conflict don't allow crude oil to make a strong recovery. Russia's Transfnet expect exports to Europe to fall 15% in 2018. Crude oil prices recorded modest gains on Monday but failed to make a deep recovery as investors remain concerned over the potential negative impact of the U.S. - China trade conflict on […]

EUR/GBP: plenty of risk fundamentals simmering away, meets hard resistance August 20, 2018

EUR/GBP has moved up through the 21-hr SMA at 0.8962. Currently, EUR/GBP is trading at 0.8960 having posted an overnight high of 0.8973 and a European low of 0.8939. A NO DEAL Brexit is becoming ever more likely. Turkey contagion risk sentiment seems to have been reduced. Markets are concerned that the Italian coalition’s […]

USD/CAD Technical Analysis: Bears patiently waiting for a drop to 1.2960 level August 20, 2018

USD/CAD is consolidating the main uptrend since June 27 as bulls are unable to print new highs. USD/CAD is breaking below the ascending bull trendline opening the doors to 1.2959 August 7 swing low. A sustained bull breakout above 1.3120-1.3155 area would negate the short-term bearish bias. USD/CAD daily chart Spot rate: […]

Fed's Bostic: Fed does worry about flattening yield curve August 20, 2018

Additional comments from Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, are crossing the wires with key quotes, via Reuters, found below. Fed does worry about flattening yield curve. Not clear that inverted yield curve is a signal, but only one, and does not guarantee recession will occur.

Breaking News: US Pres. Trump said to complain about Fed's Powell raising rates August 20, 2018

According to Bloomberg, at a fundraiser at the Hamptons on Friday, President Trump complained to wealthy Republicans about the Fed chairman Powell's monetary policy decisions and said that he expected Jerome Powell to be "a cheap-money Fed chairman." The US Dollar Index quickly fell to a session low of 96 on these headlines and was […]

Fed's Bostic: Economy no longer needs the stimulus it required before August 20, 2018

Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, recently crossed the newswires saying that the economy no longer needed the stimulus it required before, as reported by Reuters. Key quotes Doing pretty well on inflation objective now. GDP is `strong’, the economy is doing pretty well. Unemployment is `very, very low' historically.

United States 6-Month Bill Auction increased to 2.185% from previous 2.18% August 20, 2018

United States 3-Month Bill Auction rose from previous 2.03% to 2.035% August 20, 2018

WTO: Turkey initiates dispute complaint against additional U.S. tariffs on steel & aluminium August 20, 2018

The World Trade Organisation on Monday said that Turkey has initiated a dispute complaint with the World Trade Organisation against additional tariffs imposed by the United States on Turkish steel and aluminum imports, as reported by Reuters.

Cryptocurrency Daily Roundup - Aug. 20 August 20, 2018

Leading cryptocurrencies were in the red Monday morning, though Bitcoin was seeing modest gains. The cryptocurrency market capitalization was $213.51 billion and the Bitcoin dominance rate was 52.2 percent as of 11.12 am ET on CoinMarketCap.

EUR/USD Technical Analysis: EUR/USD traders bracing themselves for a surge to 1.1500 figure August 20, 2018

EUR/USD main trend is currently facing some headwinds with bulls in the fourth day of consolidation up. EUR/USD is in a bullish channel with the 100 and 200-period simple moving average having a bullish slope. EUR/USD next hurdle is last week high at 1.1445. Once the level is cleared there is not much resistance all the […]

EUR/JPY Technical Analysis: Interim support lies near 125.00 August 20, 2018

After bottoming out in sub-125.00 levels during last week, EUR/JPY has managed to stage a so far tepid rebound to the 126.00 milestone and above and is now hovering over the 126.20 region, coincident with the 78.6% Fibo retracement of the May-July up move. The breakdown of the 129.00 area earlier in the month has […]

Italy's Giorgetti: Won't rule out over-3% deficit - ANSA August 20, 2018

Italian news outlet ANSA reported that in an interview with Sky TG24, Italy's Cabinet Secretary Giancarlo Giorgetti on Monday said he could not "rule out" the 2019 budget breaking the EU's 3% to GDP rule, which is the threshold for receiving funds for infrastructure maintenance and construction programme. "I'm not ruling anything out. Let's hope (public works) […]

Month: March 2017

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