Today is Mon, September 22, 2014 23:47:54 GMT
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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 […]

Forex: 10 Market-Moving Events Overnight

Who Wants Independence? Scottish referendum fever continues to grip market price action. European bourses (Stoxx Euro 600 +0.4%, FTSE 100 +0.2%) have been thrown a lifeline, helped by the most recent poll on Scottish sovereignty which shows a lead for those in favor of remaining in the U.K. Gains for GBP (£1.6245) are expected to […]

Commodity Dollars Broadly Decline as Risk Appetite Comes Undone

Talking Points: Commodity Dollars Face Heavy Selling Pressure as Risk Appetite Unravels S&P 500 Futures Point Toward Continued Risk Aversion in the Cards Ahead See Economic Releases Directly on Your Charts with the DailyFX News App The New Zealand Dollar underperformed in Asian trade following the RBNZ monetary policy announcement. While Governor Graeme Wheeler said […]

Dollar Rally Shifting from Schadenfreude to Inherent Fundamentals

Talking Points: Dollar Rally Shifting from Schadenfreude to Inherent Fundamentals British Pound: Will BoE Testimony Do More Than Carney’s ‘Spring Hike’ New Zealand Dollar Paid Penance for a Mere Pause in RBNZ Hike Regime? Dollar Rally Shifting from Schadenfreude to Inherent Fundamentals Over the past few months, the Dollar’s fundamental landscape has developed unevenly. Yet, […]

Top Trade Idea For September 5th, 2014 – AUD/CAD

Aussie CAD has formed into a neat rectangle formation having now completed 2 rejections of both the support and resistance. I’ve shown the daily chart here to highlight the rectangle formation. But if you look at the longer term weekly, you’ll see that momentum oscillators like the slow stochastic are still trending up. This leads […]

EUR Labors Ahead of ECB and NFP – Is There More Room to Fall?

This is expected to be a tough week for investors. Central bank rate decisions mixed in with North American jobs reports will dominate the capital markets risk landscape. Thus far, it’s no surprise to see European markets maintain a cautious tone after the North American long holiday weekend. Investors are keeping an eye on the […]

US Dollar Looks to ISM Manufacturing Data to Fuel Continued Gains

Talking Points: US Dollar May Extend Advance if ISM Manufacturing Data Tops Forecasts Australian Dollar Ignores RBA Announcement with Fed Policy Bets in Focus See Economic Releases Directly on Your Charts with the DailyFX News App A relatively quiet economic calendar in European trading hours is likely to see traders looking ahead to US news-flow, […]

Trade Idea For September 2nd,2014 – AUD/USD

For five months, the Australian dollar has been consolidating within a tight range from 0.92 to 0.95. Despite periods of significant US dollar strength, the Aussie held up better than most other G10 currencies. With signs of the end of US dollar strength, the Australian dollar finally has a chance of moving above 0.95. Right […]

AUDNZD flag follows major breakout

The AUDNZD pair has been showing some signs of a reversal in recent weeks following the break above 1.103. This is showing little signs of letting up and with the flag formation currently in play, I believe we could see further upside. However, with a major resistance level at 1.119, a breakout is required to […]

Australian Dollar Confronts an RBA Decision with Heavy Speculation

Talking Points: Dollar Traders Look Ahead to a Rebound in Liquidity and Pick Up in Data Euro Economic Health Fades Further, Investors More Expectant of ECB Australian Dollar Confronts an RBA Decision with Heavy Speculation Dollar Traders Look Ahead to a Rebound in Liquidity and Pick Up in Data As far as holiday trading conditions […]

Euro Looking for a Lifeline in Inflation Data as ECB Meeting Looms

Talking Points: Euro Looking for a Lifeline in Eurozone CPI Report Ahead of ECB Meeting Australian, NZ Dollars Move Lower as Risk Appetite Unravels in Asian Trade See Economic Releases Directly on Your Charts with the DailyFX News App Augusts’ preliminary Eurozone CPI reading headlines the economic calendar in European hours. The benchmark year-on-year inflation […]

Trade Of The Day For August 29th,2014 – AUD/JPY

Despite the wishes of RBA Governor Glenn Stevens, the AUD continues to defy gravity. Lower commodity prices should see lower terms of trade, and a lower Aussie, yet the currency continues to frustrate short sellers. Eventually, USD strength as stimulus is withdrawn should see a lower AUD/USD. But the AUD/JPY chart is telling a different […]

Top Trade Idea For August 28th, 2014 – AUDUSD

For the audusd pair there is still trouble ahead as the path of least resistance seems to be still to the downside and not the upside like recent price action might indicate. The thing is that the pair is consolidating for the last 5 months around 0.95 and 0.9300 levels, so 200 pips range that […]

Will BoE Dissenters Change Sterling’s Direction?

Currently, the central banker remains at the core for most forex moves. Governor Glenn Stevens at the Reserve Bank of Australia (RBA) is trying hard to jawbone the Aussie dollar lower. While the “policy chameleon” — Governor Mark Carney at the Bank of England (BoE) — confused investors with hawkish remarks last weekend, following dovish […]

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