Today is Thu, April 24, 2014 22:24:03 GMT
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Dollar Hit By Rising Tensions in Ukraine and Other Top Forex News.

The dollar softened in afternoon trading as tensions in the Ukraine were ratcheted up after news that Ukrainian soldiers had killed up to five armed pro-Russian separatists. After which Russian President Vladimir Putin said that if the authorities in Kiev had used the army in eastern Ukraine, this would be a very serious crime against […]

Forex: Aussie Dollar Sinks on Soft CPI, Euro May Fall on PMI Data

Talking Points: Australian Dollar Plummets as Soft CPI Erodes RBA Rate Hike Bets Euro May Decline if Soft PMI Data Boosts ECB Stimulus Speculation Minutes from April’s BOE Meeting Unlikely to Stir Pound Volatility The Australian Dollar sank in overnight after first-quarter CPI data fell short of expectations, pouring cold water on investors’ RBA interest […]

Dollar Slumps After Housing Data Disappoints and Other Top Forex News.

The dollar was mostly lower against the other major currencies on Wednesday following the release of downbeat U.S. housing data, while positive PMI data from the eurozone indicated that the much maligned European economy is gaining traction. This mornings data showed that U.S. home sales fell to their lowest level since July 2013 during March. […]

Top Trade Idea For April 23rd, 2014 – EUR/AUD

The results of the April eurozone purchasing managers’ indices were released this morning and on balance have been better than expected. The headline eurozone services sector PMI rose to 53.1 from 52.2 last month while the manufacturing PMI edged up to 53.3 from 53.0 previously. Significantly for the single currency it was Germany, the euro […]

AUDNZD at possible head and shoulders neckline

The AUDNZD pair is currently testing a key level of resistance, which forms the would-be neckline of a double top formation. The existence of bullish momentum indicators and a trendline break is bringing about the possibility of upside price pressure. The daily chart shows there is a significant degree of indecision around the highly notable […]

Dollar’s Short-Term Volatility Outlook Picking Up

Talking Points: Dollar’s Short-Term Volatility Outlook Picking Up Yen Crosses Run Questioned on Deficit Swell, GPIF Diversification Euro: A Weekend without an Exchange Rate Threat Dollar’s Short-Term Volatility Outlook Picking Up A quiet start to the week was to be expected given the extended holiday weekend for much of the world. While US markets were […]

Dollar Steady In Subdued Trading and Other Top Forex News.

The dollar has yet to gain momentum following the Easter break, trading in tight ranges against a host of major currencies in steady trading on Tuesday. Following data which showed that U.S. new home sales fell less than expected in March, while manufacturing activity in the Richmond region rose this month. This mornings home sales […]

Second Day of Quiet in FX But Volatility Looms Ahead

By Boris Schlossberg, Market Drivers April 22, 2014 AU LEI bit better, AU government unhappy with RBA neutral bias Nikkei drop pulls USD/JPY back to 102.50 Nikkei -0.85% Europe 0.51% Oil $104/bbl Gold $1289/oz. Europe and Asia: AU LEI 0.3% vs. 0.2% North America: USD Existing Home Sales 10:00 AM Currency trading remained very quiet for […]

AUD/USD, EUR/USD Set for Late-April Pivots as Liquidity Returns

Talking Points: AUDUSD remains above a prior breakout level, yet to achieve inverse H&S target. EURUSD more neutral as currently trades within a symmetrical triangle. Forex economic calendar modest on Monday. Over the past five years (QE era of central banks), April has been the worst month during the year for the US Dollar, and […]

Dollar Boosted As Japanese Trade Deficit Widens and Other Top Forex News.

The dollar held steady on Monday, remaining in positive territory against most of the major currencies in light trading, with European and Asian markets still closed for the Easter break. What little news there was today came from Japan, with official data showing that the Japanese trade deficit quadrupled in March as export growth slowed […]

Dollar Pares Losses After Upbeat Manufacturing Data and Other Top Forex News.

The dollar recovered ground lost in early trading after the release of upbeat U.S. manufacturing and employment data pointed to underlying strength in the economic recovery. This mornings report from the Federal Reserve Bank of Philadelphia showed that their manufacturing index rose to 16.6 in April, the highest level since September, from 9.0 in March. […]

Why the Euro Won’t Go Down

By Boris Schlossberg , Market Drivers April 17, 2014 Tankan up big in March despite sales tax pressure German PPI continues to deflate Nikkei 0.0% Europe -.22% Oil $103/bbl Gold $1298/oz. Europe and Asia: JPY Tankan 25 vs. 18 AUD NAB Business confidence 6 vs. 8 EUR GE PPI -0.3% vs 0.0% North America: USD Jobless […]

Dollar Steady After Yellen Comments and Chinese Data and Other Top Forex News.

The dollar was mostly higher on Wednesday, after Chinese first quarter growth data came in slightly above estimates, while the Canadian dollar suffered following a dovish rate statement from the Bank of Canada. This mornings data from China buoyed the market, with The Chinese Republic posting a 7.4% gain in gross domestic product for the […]

Dollar Mostly Higher Despite Inflation Data and Other Top Forex News.

The dollar was trading mostly higher against the other major currencies on Tuesday, despite this mornings inflation data coming in higher-than-expected. This mornings data showed that consumer price inflation rose 0.2% in March, exceeding expectations for a 0.1% gain, after a 0.1% uptick the previous month. With core consumer price inflation, which excludes food and […]

Dollar Boosted By Upbeat Retails Data and Other Top Forex News.

The dollar began the week in buoyant mood after the release of stronger than expected U.S. retail sales data for March, offset growing concerns over a slowdown in China and rising tensions in the Ukraine. The official data showed that U.S. retail sales came in 1.1% higher for March, exceeding expectations for a 0.8% gain. […]

Dollar Steadies After Rough Week and Other Top Forex News.

The dollar steadied after a woeful week on Friday after the release of positive U.S. economic report, but Wednesday’s dovish Fed minutes continue to weigh on the market, limiting gains. This mornings data was enough to steady the ship, with the University of Michigan saying that the preliminary reading of its consumer sentiment index rose […]

Forex: Pound May Correct Lower After BOE, Aussie Higher on Jobs Data

Talking Points: British Pound May Correct Lower After a Status-Quo BOE Rate Decision Aussie Dollar Jumps on Jobs But Chinese Export Slump Tempers Advance Japanese Yen Outperforms on Haven Demand as Nikkei 225 Trades Lower A monetary policy announcement from the Bank of England headlines the economic calendar in European hours. On the whole, UK […]

Dollar Broadly Weaker As Fed Minutes Weigh and Other Top Forex News.

The dollar continued to sell-off on Thursday after yesterday’s minutes from the Federal Reserve’s March meeting indicated that rates are likely to remain on hold for some time, and did not elaborate on a possible timeframe for when rates could start to rise. During today’s session the dollar was lower against most of the major […]

Even Big Jobless Claims Improvement Fails to Help Dollar

By Kathy Lien There is very little demand for U.S. dollars this morning despite a sharp improvement in jobless claims. For week ended April 5th, jobless claims fell from 332k to 300k, the lowest level since May 2007. The 4-week moving average, which is less volatile also dropped 5k to 316k as continuing claims fell […]

AUDNZD warnings signs point to possible trend reversal

The AUDNZD pair has been trading within a clear negative primary trend, establishing clear lower highs and lower lows since early 2011. That being said, the existence of a possible trend-line and moving average break today, coupled with clear divergence points to a potential for the pair to move into a more bullish phase. The […]

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