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Top trade idea for August 27th, 2015 – AUDNZD

This is the audnzd cross and it formed a beautiful impulsive move or five wave structure to the upside followed by a correction. The recent spike higher that took the 1.14 level when stocks in the United States dropped last Monday basically makes the case for a flat pattern as a b wave in pink […]

Euro, Yen Drop as China Stimulus Lifts Market Spirits. Will it Last?

Talking Points: Yen, Euro Drop on China Stimulus But Risk Appetite Boost May Be Fleeting US Durables Data, Fed Commentary in Focus as Markets Look for Guidance See Economic Releases Directly on Your Charts with the DailyFX News App The Japanese Yen and the Euro faced selling pressure in overnight trade as stocks recovered across […]

Currencies Eyeing German, US Data as Market Selloff Seeks Fresh Fodder

Talking Points: Aussie Dollar Gains, Yen and Euro Fall as Risk Aversion Takes a Breather German, US Economic Data in Focus as Market Selloff Seeks Fresh Fodder See Economic Releases Directly on Your Charts with the DailyFX News App The Australian Dollar outperformed in overnight trade, rising as much as 1.7 percent on average against […]

Market Focuses On Euro, Yen Carry Trade Unwind

PBoC holds off on easing, global equities plummet Safe haven flows and equity liquidation dominate Carry-trade: massive unwinding continues Will Jackson Hole Summit provide clues? Capital markets continue to see red as risk aversion flows have switched into a higher gear; worries over a China slowdown, FOMC policy uncertainty, and disinflationary macro environment continue to […]

Euro and Yen Capitalize as Risk Aversion Sweeps Financial Markets

Talking Points: Kiwi Dollar Underperforms as RBNZ Compounds Pressure from Risk Trends Euro Joins Japanese Yen in Capitalizing on Sharp Carry TradeLiquidation See Economic Releases Directly on Your Charts with the DailyFX News App The Australian, Canadian and New Zealand Dollars underperformed in overnight trade as risk aversion continued to sweep financial markets, weighing on […]

Aussie Dollar Sinks, Yen Gains as Risk Aversion Grips the Markets

Talking Points: Aussie Dollar Down, Yen Higher as Chinese PMI Compounds Risk Aversion S&P 500 Futures Point to Respite in Market Liquidation into the Week-End See Economic Releases Directly on Your Charts with the DailyFX News App Risk aversion defined currency market price action in overnight trade. The sentiment-linked Australian Dollar underperformed while the Japanese […]

US Dollar May Rise as FOMC Minutes Boost September Rate Hike Bets

Talking Points: US Dollar May Rise as July FOMC Minutes Boost September Rate Hike Bets Yen to Rise, Commodity FX Vulnerable if Fed Outlook Sparks Risk Aversion See Economic Releases Directly on Your Charts with the DailyFX News App A quiet day on the European economic data front will see investors looking ahead to July’s […]

USD/CAD Sucking Wind While AUD Finds Support

PBoC sets yuan firmer again Forex liquidity remains thin as participation drops Crude trades atop of six-year lows Aussie bulls get a boost from RBA The forex market is clearly lacking direction while it waits for the next set of U.S data points. Investors are pinning some of their hopes on tomorrow’s minutes from the […]

Euro May Overlook Eurozone FinMin Greece Bailout Meeting

Talking Points: Euro May Overlook Eurozone Finance Ministers’ Meeting on Greece Bailout Aussie Dollar Gains, Kiwi Counterpart Drops on Evolving Rates Policy Bets See Economic Releases Directly on Your Charts with the DailyFX News App Greece returns to the spotlight in European trading hours as Eurozone Finance Ministers convene to decide on whether to approve […]

Top trade idea for August 14th, 2015 – USD/CNH

Amid all the shenanigans around the Peoples’ Bank of China’s moves this week, some may have missed a key development for traders. The Chinese Yuan, or Renminbi, is moving away from its status as a fixed currency towards a floating regime. Trading in Yuan (CNY) for onshore settlement in China is restricted, but there is […]

Top trade idea for August 13th, 2015 – AUDCAD

Starting to grow bullish on the audcad cross not necessarily because of the weakness of the Canadian dollar but correlations between commodity currencies favor a move to the upside. The triangle that we see at recent lows has formed a series of three lower lows and this calls for a retracement all the way to […]

As USD/CNH Surge Continues, US Dollar Suffers Elsewhere

Talking Points: USDCNH (offshore) advances over +2% overnight after yesterday’s +1.8% gain. Diversification flows hurting US Dollar, particularly versus the Euro. See the August forex seasonality report. If USDCNH’s surge continues, diversification flows may work against the US Dollar. Why? USDCNH has been effectively pegged around ¥6.1000 and ¥6.3000 for the past year. Concurrently, with […]

China Declares War – Devalues Yuan To Compete

PBoC devalues yuan 2% Commodity currencies take a beating on China action Emerging Central Banks expected to follow suit How will the U.S respond? The forex market was expected to be a relative snooze fest, at least until Thursday’s U.S retail sales print. However, investors can thank Chinese authorities and the People’s Bank of China […]

PBOC’s Decision Vital to Next AUD/USD, USD/JPY Moves

Talking Points: PBOC devalues Chinese Yuan in biggest move in two decades. AUDUSD suffers, USDJPY rallies on monetary policy implications. See the August forex seasonality The People’s Bank of China’s decision to loosen the USDCNY trading band last night will have far-reaching implications. Look no further than the fact that the PBOC released an explanation […]

Australian, New Zealand Dollars Drop After Soft China Data

Talking Points: Aussie, Kiwi Dollars Underperform Following Disappointing Chinese Data US Dollar May Rise if Fed-Speak Boosts September Interest Rate Hike Bets See Economic Releases Directly on Your Charts with the DailyFX News App The Australian and New Zealand Dollars underperformed in otherwise quiet overnight trade. The move followed disappointing Chinese economic data released over […]

Trade Setups in USD-pairs Ahead of July US NFPs

Talking Points: EURUSD rebounds above $1.0900, but below triangle support. USDJPY flagging above key ¥124.60/65 region. See the August forex seasonality report. With each passing day, markets seem to be pricing in a higher and higher probability of the Fed raising rates in September. The veracity of the perceived oncoming hawkishness will be put to […]

Top trade idea for July 30st, 2015 – AUDUSD

FOMC the other day brought nothing but more uncertainty in an FX world dominated by ranges this July as no one really wants to take a chance ahead of the September rate hike or at least ahead of the NFP to come next week. Fed suggested it still wants to see more jobs being created […]

USDOLLAR Index Fights Back to Trendline from June Lows

Talking Points: AUDUSD breaks to fresh yearly lows below $0.7270. USDCAD triangulates, looking for a break above C$1.3055. See the DailyFX economic calendar for Thursday, July 23, 2015. Hold the presses on the ‘greenback may be topping’ headlines: the past 24-hours have seen a quick revival by the US Dollar. USD-pairs, particularly those in the […]

Dollar Uptrend Under Fire – ST Topping Potential Increasing

Talking Points: EURUSD tests $1.1000, but obstacles remain before ‘bullish.’ AUDUSD takes a turn towards recent channel resistance. See the DailyFX economic calendar for Thursday, July 23, 2015. The likelihood that the USDOLLAR Index is establishing a short-term top has jumped after recent price action. With a fairly empty economic calendar for today and the […]

USDOLLAR Pressured after Key Reversal; NZD/USD Trend Watch

Talking Points: USDOLLAR Index loses uptrend from 6/18 low, tests 12000. NZDUSD traded back to daily 13-EMA, recent resistance from 7/10-14. See the DailyFX economic calendar for Wednesday, July 22, 2015. The recent USDOLLAR Index uptrend may be in question after yesterday’s bearish key reversal. Event risk may help provide the catalyst to spark either […]

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