AUD/JPY Still up but watch for reversal

Nenad Kerkez Top-XE

Stronger than expected JPY retail sales and household spending data today, along with Iron Ore largely down should affect the AJ pair adversely. This could be the earliest sign of a possible reversal.
Technically the pair is in uptrend and if it proceeds up above H4 cam pivot, we need to watch for 84.50-62 POC where we see a confluence of historical sellers and ascending trend line. Additionally, a breakout below H3/Trend line confluence below 84.00 could tank the pair down to 83.45 and 83.15.

Author

Nenad Kerkez

Top-XE

USD/JPY extends losses below 158.00 on hawkish BoJ repricing

USD/JPY extends losses below 158.00 in Asian trading on Thursday. Asian traders react negatively to the weak US ADP report, smashing the US Dollar across the board and exerting renewed selling pressure on the pair. Meanwhile, hawkish BoJ expectations and intervention risks continue to lend support to the Japanese Yen, rendering it negative for the major.

AUD/USD ranges above 0.7150 despite upbeat Chinese PMI

AUD/USD struggles to capitalize on the previous day's bounce from a nearly two-week low and ranges above 0.7150 in Asia on Thursday, as dismal Australian trade data counter upbeat China's RatingDog Services PMI. However, the pair's upside remains in check as the US Dollar stalls the weak ADP report-led slide amid escalating US-Iran tensions and firming September Fed rate-hike bets.

Gold looks to reclaim $4,450 on the road to recovery

Gold is building on its recovery from four-week troughs below $4,300, with buying aiming to recapture the key near-term resistance at around $4,450 early Thursday. Gold buyers seem to be back in the game after the daily technical setup turned in their favor after flashing bearish signals earlier in the week.

XRP defends key support, XLM awaits breakout as derivatives strengthen

Ripple (XRP) and Stellar (XLM) show divergent technical outlooks as traders assess whether the recent weakness could give way to a recovery. XRP is finding support and defining a key support zone, while XLM slips below a cluster of Exponential Moving Averages (EMAs).

Ripple defends key support; Stellar awaits breakout as derivatives strengthen

Ripple and Stellar show divergent technical outlooks as traders assess whether the recent weakness could give way to a recovery. XRP is finding support and defining a key support zone, while XLM slips below a cluster of Exponential Moving Averages.

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.