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Top Trade Idea for July 3rd, 2015 – Sell AUD/NZD

It’s been a lousy week for milk prices but arguably and even worse one for iron ore. This together with today’s soft Aussie retail sales figure has seen $A lose ground against the Kiwi from what looks as though it could be a significant turning point. Weekly Chart A longer term look at AUDNZD shows […]

US Dollar May Rise on Jobs Data, NZ Dollar Drops on Dairy Slump

Talking Points: Upbeat Jobs Data May Boost US Dollar, Drive Broad-Based Risk Aversion NZ Dollar Down as Dairy Prices Slump, Fueling RBNZ Rate Cut Speculation See Economic Releases Directly on Your Charts with the DailyFX News App The New Zealand Dollar underperformed in overnight trade, falling as much as 0.5 percent on average against its […]

Charts to Start the Week as Euro Plays Victim to Greek Drama

Talking Points: Greece’s July 5 referendum means it will miss June 30 payment. Measures of EURUSD volatility jump to highest levels since 2011. See the June forex seasonality report. By all accounts, Greece’s fate in the Euro-Zone could be decided within the next week. The July 5 referendum vote on the Eurogroup’s aid package proposal […]

FX Market Readies for Weekend Summit for Greece Deal

Talking Points: European FX pairs quiet as market awaits summit on Saturday. May be deemed best risk management to lower leverage today. See the June forex seasonality report. If you’ve been away from the market for the past 24-hours, depending upon where you look, it might not seem like you’ve missed anything at all. The […]

Top trade idea for June 25th, 2015 – AUDUSD

Despite desperate efforts from Governor Stevens and other RBA members to talk down the Australian dollar, the audusd pair is holding the recent levels quite good and the fact that is not able to clearly break the 0.77 area brings into question a possible reversal pattern. In this case, in the chart above I am […]

All Eyes on Greece Amid Hopes for Last-Minute Funding Deal

Talking Points: Yen Drops, Aussie Dollar Higher as Greece Deal Hopes Boost Risk Appetite All Eyes on Brussels as Eurozone Officials Meet for Last-Ditch Deal-Making See Economic Releases Directly on Your Charts with the DailyFX News App Tentative signs of progress toward an accord between Greece and its creditors fueled risk appetite at the start […]

The Skinny on Central Banks – RBA, BoE, FED, SNB and BoJ

This mix of overt and subtle withdrawal of market support is a key macro driver of recent increased volatility. Aside from Euro-Greek fiasco this week, there has been a handful of Central Bank rate announcements, growth projections, press conferences and minutes for the investor to digest. Having calmed investors for the past half-dozen years with […]

Post-FOMC USD Decline Nearing Completion?

Talking Points: AUDUSD, EURUSD making false breakouts higher from triangles. USDJPY tests recent swing low and bounces above ¥123.00. See the June forex seasonality report. A projected slower interest rate hike path by the Fed has weighed on the US Dollar the past two days. In March, the FOMC’s dot plot suggested that 77-bps of […]

Euro May Hold Up Even if EU FinMins Fail on Greek Funding Deal

Talking Points: Euro Selling to be Limited Even if EU FinMins Fail on Greek Funding Deal Australian Dollar Down Alongside Bond Yields as RBA Rate Cut Bets Build See Economic Releases Directly on Your Charts with the DailyFX News App Greece remains to the spotlight in European trading hours as Eurozone finance ministers continue to […]

British Pound Looks to UK CPI Data to Drive BOE Rate Hike Bets

Talking Points: British Pound Looks to UK CPI Data to Direct BOE Interest Rate Hike Bets Australian Dollar Down as June RBA Minutes Reveal Call for Depreciation See Economic Releases Directly on Your Charts with the DailyFX News App May’s UK CPI figures headline the economic calendar in European trading hours. The core year-on-year inflation […]

Top Trade Idea For June 16th, 2015 – AUD/USD

AUDUSD remains bearish in larger time frame despite some recovery back in April which was a temporary move with an overlapping structure, which is called corrective in Elliott Wave Theory. We know that this is a characteristic of a contra-trend price action, so trend remains down for now within impulse that is in play since […]

Top Trade Idea For June 12th, 2015 – AUD/USD

My chart this week involves a developing situation that might present an opportunity over the course of the next week or two. The Aussie Dollar has made two neat trend lows at around the same level. From here the obvious alternative would be completion of a double bottom pattern. This will be completed if the […]

Yen Soars on Kuroda Commentary, Greece News-Flow in Focus Ahead

Talking Points: Japanese Yen Soars as Aussie Dollar Gains on BOJ and RBA Comments Greece News-Flow in Focus as Tsipras Meets Merkel, Hollande for Talks See Economic News Directly on Your Charts with the DailyFX News App The Japanese Yen outperformed in overnight trade after BOJ Governor Kuroda said it was “hard to see [the […]

USDOLLAR Index Components Diverge – Here’s What to Trade

Talking Points: EURUSD driving force behind USDOLLAR Index breakdown. AUDUSD yet to break resistance, USDJPY yet to break support. See the DailyFX economic calendar for Thursday, June 4, 2015. Depending on your USD bias, there are some pairs better suited for bulls versus bears. We can surmise this by breaking down the components of the […]

Euro Looks for Greece Deal Clues at ECB Press Conference

Talking Points: Euro Looks for Greece Deal Clues at Presser Following ECB Rate Decision British Pound Eyes UK PMI Data to Inform BOE Interest Rate Hike Outlook Australian Dollar Gains as Upbeat GDP Data Undercuts RBA Rate Cut Bets A monetary policy announcement from the European Central Bank headlines the economic calendar in the hours […]

Covert Euro Mini-Summit Supports EUR

EUR creditors draft supposed “final” offer to Greece Dollar bulls are getting an itching trigger finger Draghi takes center stage tomorrow RBA wants the Fed to do the heavy lifting The Institute for Supply Management’s (ISM) U.S. manufacturing purchasing managers’ index for May continues to show expansion with an increase to 52.8 from 51.5 in […]

Euro to Look Past CPI Data as Greece Headlines Dominate the Spotlight

Talking Points: Euro to Look Past May Inflation Data, Focus on Greece-Related News Flow Australian Dollar Gains as RBA Disappoints Bets on Dovish Shift in Rhetoric See Economic Releases Directly on Your Charts with the DailyFX News App The preliminary set of May Eurozone CPI figures headlines the data docket in European trading hours. The […]

Top Trade Idea for June 2nd, 2015 – AUD/USD

AUDUSD Could Break Lower In Days Ahead A few weeks back AUDUSD has turned bullish for some time, but most likely only temporary as rally from the low was having an overlapping structure. We know that this is a characteristics of a contra-trend price action, so trend remains bearish for now within impulse that is […]

Euro Drops on Greece Fears, Pound Looks to PMI for BOE Rates Cues

Talking Points: Euro Likely to Look Beyond German CPI Gain, Drops on Greece Worries British Pound Eyeing UK Manufacturing PMI for BOE Rates Outlook Cues See Economic News Directly on Your Charts with the DailyFX News App The Euro underperformed at the start of the trading week, falling as much as 0.4 percent on average […]

Top Trade Idea for May 29th, 2015- AUD/JPY

When two countries are competing for global demand via weakening currencies, who will be the first to blink? The country with the stronger economy…… AUD/JPY this week is a tale of two data sets. In Japan, the jobless rate is lower than expected, inflation is higher (good news when deflation haunts the economy) and industrial […]

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