Today is Fri, October 10, 2014 5:48:10 GMT
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Dollar Rally Cut By EUR Options

With one trading session down and four to go this week, already the mighty U.S. dollar has managed to take a healthy breather on Monday. There were several notable market moves that managed to end up handcuffing the dollar. Precious metals bounced ahead of multi-month lows to record their best day in two months, while […]

Aussie Dollar Looking Beyond Status-Quo RBA Policy Announcement

Talking Points: Aussie Dollar Flat as RBA Keeps Rate Setting Unchanged as Expected Swiss Franc Unlikely to Find Volatility in September’s Inflation Report Familiar Sentiments from Fed Officials May Do Little for the US Dollar The Australian Dollar was little-changed after the Reserve Bank of Australia opted to keep its benchmark interest rate unchanged at […]

U.S Dollar Confronts Challenges

It’s not unusual to witness a subdued trading session following the release of a U.S. jobs report. While straddling a holiday or two, expect many participants to take some time out and reflect on the dollar’s powerful moves in the third quarter. Investors will be asking after watching the buck soar to such lofty heights, […]

AUDUSD rebounds on critical historical support level

The AUDUSD pair has finally met some substantial support following over a month of consistent downside. This major support level is likely to be the one threshold which if broken below, could lead to a major sell-off. However, with the positive start to the week today, we could be in for a period of upside […]

Australian Dollar May Extend Early Gains on Firming Risk Appetite

Talking Points: Euro Unlikely to Find Lasing Catalyst in German Factory Orders Report Canadian, NZ Dollars May Follow Aussie Higher on Firm Risk Appetite See Economic Data Directly on Your Charts with the DailyFX News App Currency markets saw a quiet open to the trading week. The Japanese Yen edged higher in a move that […]

What to expect from the ECB and Draghi?

As long as it moves, there is opportunity, and it’s this that the forex asset class has been good for lately. The return of forex market volatility has taken the world’s most coveted currency, the U.S. dollar, on another wild ride in the overnight session ahead of the European Central Bank’s (ECB) rate decision and […]

AUDUSD flag could point to further upside

The AUDUSD pair has rejected the major long term support level of 0.865 this week and pushed higher overnight. The shorter term timeframes point to a flag coming into play, which is likely to provide another leg higher in the near future. The daily chart below shows yesterday’s hammer formation which led to a strong […]

Commodity Dollars Soar as Risk Trends Gyrate Before ECB, NFP Results

Talking Points: Commodity Dollars Stage Recovery as Risk Appetite Firms Before ECB, NFP Euro to Resume Decline on Strong ECB Stimulus Pledge, Rebound Otherwise See Economic Releases Directly on Your Charts with the DailyFX News App The sentiment-linked Australian, Canadian and New Zealand Dollars outperformed against their leading counterparts in overnight trading hours. The Kiwi […]

Top Trade Idea For October 2nd, 2014 – AUDCAD

The audcad cross is one of the most difficult to be traded and the usual caveat for trading a cross pair is valid here too: it should not travel that much when compared with majors. That is wrong. This cross just broke a contracting triangle on the bigger time frame and the b-d trend line […]

Euro May Be More Responsive to Positive vs. Negative Inflation Data

Talking Points: Euro to be More Sensitive to Positive vs. Negative Eurozone CPI Outcome Aussie, NZ Dollars Rise Alongside S&P 500 Futures as Risk Aversion Fades See Economic Releases Directly on Your Charts with the DailyFX News App The preliminary set of September’s Eurozone CPI figures headlines the economic calendar in European hours. The benchmark […]

Forex Carry Trades Are in Trouble

Volatility is the forex investor’s greatest ally. In the month of September, there has been no let up from this key variable that had been missing during the Group of Eight central bank lower-for-longer interest rate stretch of the past two years. Volatility provides investors opportunity, something that has been in abundance for a number […]

EUR Strangled by Option Interest

Since the Scottish sovereignty referendum, it has been difficult to get overly excited about forex, especially with the EUR’s price action confined to a relatively tight trading range. The single unit’s recent moves have been telegraphed, influenced mostly by option-related deals and a few uninspiring purchasing managers’ indexes. European bourses seem to be taking a […]

Top Trade Idea for September 24th 2014 –GBP/AUD

At the start of this month, GBPAUD bulls were in full panic mode. The volatile pair had dropped to a new 10-month low to approach the 1.7200 level, down nearly 2,000 pips from the January high. In retrospect, the lopsided balance of buyers and sellers at that point represented the apex of selling pressure, and […]

Scottish Pride Pounds Sterling

The U.S. dollar remains king. It has risen against a broad basket of currencies for nine consecutive weeks and so far has completed its longest winning streak in 17 years. Will the Federal Reserve end its winning ratio or is it to be a temporary blip before pushing on to greater heights? Many expect the […]

Dollar Checks Back in Anticipation of FOMC Decision

Talking Points: Dollar Checks Back in Anticipation of FOMC Decision British Pound Volatility but Noncommittal After Inflation Report Euro Traders Will React to Fed and then ECB Dollar Checks Back in Anticipation of FOMC Decision This week’s top event risk is upon us. The Federal Reserve’s monetary policy meeting carries deeper meaning than just a […]

Top Trade Idea For September 17th, 2014

The AUD/NZD currency pair is looking very interesting from a technical point of view. After it finally broke above sturdy resistance of 1.1035 in mid-August, the currency cross went on to achieve a high of 1.1294 before pulling back sharply from there. But I think this latest pullback was caused primarily by longs taking profit, […]

Scottish Pride Pounds Sterling

The U.S. dollar remains king. It has risen against a broad basket of currencies for nine consecutive weeks and so far has completed its longest winning streak in 17 years. Will the Federal Reserve end its winning ratio or is it to be a temporary blip before pushing on to greater heights? Many expect the […]

Dollar and Sterling Get Direction

Strap in and be prepared for opportunities, as this is a big week for investors and capital markets. Geopolitical events, a few central bank meetings, and the Scottish referendum are supporting the recent uptick to both volume and volatility, especially in the forex asset class. The U.S. dollar remains king, as both the currency and […]

Yen Gains, Aussie Dollar Falls on Soft Chinese Economic Data

Talking Points: Yen Gains, Aussie Dollar Falls as Soft Chinese News-Flow Sinks Risk Appetite US Industrial Production, Empire Survey Data to Inform Fed Policy Outlook See Economic Releases Directly on Your Charts with the DailyFX News App The Japanese Yen outperformed in overnight trade, rising as much as 0.5 percent on average against its leading […]

Top Trade Idea For September 12th, 2014 – EUR/AUD

I love it when a triple signal comes together! EUR/AUD has rallied almost 5 big figures over the last 5 trading days. This looks like a stunning reversal of an established down trend: The rally brings the pair back to the 50 day moving average, the trend line, and previous support/resistance at 1.4275. Fundamentally, both […]

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