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USD Crawls to Fresh Five-Year High as Markets Focus on Rate Contrast

Talking Points: Dollar Crawls to Fresh Five-Year High as Markets Focus on Rate Contrast Euro Finds Too Little Traction, Too Late Yen Crosses Advance after BoJ Downgrades Growth Assessment Dollar Crawls to Fresh Five-Year High as Markets Focus on Rate Contrast A drain in liquidity often translates into a moderation in heavy exposure or one-sided […]

US Dollar May Rise if Home Sales Top Estimates, Boosting Fed Outlook

Talking Points: New Zealand Dollar Down on Soft 4Q Westpac Consumer Confidence Data Risk Appetite Firms in Overnight Trade, Driving the Aussie Dollar Upward US Dollar May Rise as Home Sales Data Amplifies Fed Rate Hike Outlook The New Zealand Dollar underperformed in overnight trade, falling as much 0.5 percent on average against its leading […]

Yen Down on Risk Appetite Swell But Year-End Flows May Fuel Turn

Talking Points: Return of Year-Capital Flows May Reboot Pre-FOMC Price Action Trends Yen Down, Aussie and NZ Dollars Higher as Risk Appetite Swells Overnight See Economic Releases Directly on Your Charts with the DailyFX News App The safe-haven Japanese Yen slumped while the sentiment-geared Australian and New Zealand Dollar advanced as risk appetite firmed overnight. […]

Swiss Franc Sinks as SNB Surprises with Negative Interest Rates

Talking Points: Swiss Franc Sank After SNB Unexpectedly Unveiled Negative Interest Rates US Dollar May Turn Lower as Markets Rethink FOMC Outcome Implications See Economic Releases Directly on Your Charts with the DailyFX News App The Swiss Franc slumped after the Swiss National Bank unexpectedly dropped interest rates into negative territory at -0.25 percent. The […]

Top Trade Idea For December 18th, 2014 – AUDUSD

Yesterday’s FOMC decision and press conference was followed by a US dollar buying mood all over the dashboard as the Fed basically gave a timing for the possible future rate hike: a couple of more meetings away. However, if I were to pick an opposite view, I would pick audusd as a good candidate, and […]

FOMC Preview and Trade Setups in EUR/USD, USD/JPY, AUD/USD

Talking Points: EURUSD breaks uptrend from December 9 low. USDJPY back to neckline of potential top.. December forex seasonality foresaw a modestly weaker Euro. As fear and tumult rage on in emerging market currencies, one must not forget the headline event of the week: the Federal Reserve’s last policy meeting of 2014. Undoubtedly, market participants […]

ST Technicals Offer Moment of Reflection in EUR-crosses

Talking Points: EURUSD now in symmetrical triangle as it grapples with wedge. EURAUD rising channel may come into question below 1.4972. December forex seasonality foresaw a modestly weaker Euro. Short-term technicals may be at odds with long-term perspectives at present moment, putting many of the EUR-crosses on watch for some volatility over the next few […]

Yen May Rise Anew as Russian Trade Data Weighs on Risk Appetite

Talking Points: Russian Trade Balance Data May Rekindle Risk Aversion into the Week-End Yen Sold as Asian Stocks Rise on Upbeat US Data, NZ Dollar Corrects Lower See Economic Releases Directly on Your Charts with the DailyFX News App Emerging-market jitters may renew pressure on risky assets in the final hours of the trading week. […]

AUDNZD breaks trendline and tests major support

The AUDNZD pair has been selling off sharply over the past two days. This break below a key trendline yesterday brought about more selling and has found support on a major level. That being said, this week’s break brings the pair into a much more dangerous position and makes it look like we could see […]

USD: Big Year-End Squeeze in the Making?

China incites negative momentum trading Aussie temp cools, Kiwis will know later Is it Easy Street for Abe? Just when you thought it was safe to go back into the water, along comes another wave of negativity that less nimble investors are drowning in as capital markets prepare to closeout an extraordinary year. Disappointing data […]

Top Trade Idea For December 10th, 2014 – AUD/NZD

The weaker inflation figures released from China overnight have been shrugged off by both the AUD and NZD. Investors are perhaps now fully anticipating some more stimulatory action from the PBOC, which would thus be good news for the Australian and New Zealand economies (with China being their largest trading partner).  Anyway, I am looking […]

USDOLLAR Index at Risk of Near-Term Top

Talking Points: USDOLLAR Index threatens uptrend from late-November pivot low. Watching post-ECB highs in EURUSD near 1.2455. See the ‘high’ importance events on the DailyFX Economic Calendar. The broader USDOLLAR Index may have broken to fresh yearly highs last week after the stronger than expected November US labor market report, but there has been little […]

Euro May Fall if ECB ABS Purchase Results Reveal Timid Effort

Talking Points: Euro May Fall if Timid ABS Purchase Effort Fuels “Sovereign QE” Outlook NZ Dollar Falls Before RBNZ Rate Decision, Aussie Down on Chinese Data See Economic Releases Directly on Your Charts with the DailyFX News App The European Central Bank will be in the spotlight in European trading hours as it announces the […]

Top Trade Idea For December 4th, 2014 – AUDUSD

I want to trade the audusd to the upside this week as from my point of view we have a nice five waves structure for the pair and it seems that the falling wedge is completed, of if not completed, will complete around 0.8350 level. After an impulsive move with a third wave extension, there […]

How Low Can The EUR Go?

Swiss the ‘only’ lovers of the EUR More rhetoric from Draghi and company Aussie negotiates a new record low CBR rumored to be trigger happy Who cares? Just as long as you are not ‘long’ any it seems — except perhaps against the CHF. The Swiss National Bank (SNB) appears to be the only entity […]

US Dollar May Look Past Conflicting Data, Rise on Fed Beige Book

Talking Points: Aussie, Kiwi Dollars Drop After Disappointing Australian 3Q GDP Report British Pound Looks to Composite PMI Data to Inform BOE Policy Outlook US Dollar May Rise as Upbeat Fed Beige Book Keeps Rate Hike Bets Alive The Australian Dollar underperformed in overnight trade, falling as much as 0.6 percent, following a disappointing GDP […]

Australian Dollar Hit 4 Year Low on High Volume Before RBA

Talking Points: Dollar Drops as Commodities Rebound and Equities Slide Australian Dollar Hits 4 Year Low on High Volume Before RBA Swiss Franc: EURCHF Doesn’t Rally Far After ‘No’ Vote on Gold Dollar Drops as Commodities Rebound and Equities Slide In a day scarred by volatility, the Dollar notably ended the day in the red. […]

Top Trade Idea For December 2nd, 2014 – AUD/JPY

Today, we will take a look at AUDJPY, which has been in nice and strong uptrend for the past few weeks. But what I spotted lately is a five wave decline from the high. This is always very significant, and important information as it tells me that something is changing. So even if trend has […]

US Dollar, Pound May Weaken if Soft News-Flow Dents Rate Hike Bets

Talking Points: Aussie Dollar Sinks on Chinese Deposit Insurance Scheme, Soft PMI Report British Pound May Decline as Weak News-Flow Undermines BOE Outlook US Dollar Vulnerable if ISM Pullback Weighs on Fed Rate Hike Speculation The Australian Dollar underperformed in overnight trade, falling as much as 0.8 percent on average against its leading counterparts. The […]

EUR/USD Rebound Post-EZ CPI a Preview for ECB Next Week?

Talking Points: EURUSD puts in another higher low on H4. USDOLLAR Index can’t break 11,372 high. See the ‘high’ importance events on the DailyFX Economic Calendar. Inflation expectations remain an issue headed into the final ECB policy meeting of the year next week, which is why the Euro hasn’t been able to mount a full-scale […]

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