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Dollar Rally Extends And Breaks Key Levels Along the Way

Talking Points: Dollar Rally Extends And Breaks Key Levels Along the Way Euro: Greece Risk of an Accident Growing Japanese Yen Pairs Conviction Uneven but USDJPY Propelled to 7-Year High Dollar Rally Extends And Breaks Key Levels Along the Way The Dollar started a strong move through the close of the past week. The strongest […]

Top Trade Idea for May 22nd, 2015 – AUD/NZD

At its last meeting the New Zealand Reserve Bank moved to an easing bias on interest rates. By contrast the Australia’s RBA toned its easing bias back to only a fraction short of neutral at its meeting. The combination of these two moves delivered a strong rally for the Aussie against the Kiwi, allowing it […]

Top Trade Idea for May 19th, 2015 – AUD/USD

Today’s Top Trade Idea – AUDUSD AUDUSD has turned up in the past few months, but most likely only temporary as rally from the low is 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 in play since […]

New Zealand Dollar Slumps as Interest Rate Expectations Deteriorate

Talking Points: NZ Dollar Slumps as Markets Bet on Most Dovish RBNZ Outlook Since 2009 Aussie Dollar Fails to Hold Gains After Comments from RBA DepGov Lowe US Dollar Corrects Higher After Dropping the Most in a Month Last Week The New Zealand Dollar underperformed in overnight trade amid deteriorating RBNZ policy expectations. Priced-in bets […]

Top Trade Idea for May 15th, 2015-AUD/NZD

The RBNZ Governor told Parliament this week that the bank will implement macro prudential tools to cool the Auckland housing market. This is seen by some as a sign that an interest rate cut is coming at its next meeting on June 11. However, the NZD has weakened since the RBNZ signalled a change of […]

Pound May Rise as BOE Inflation Report Rekindles Rate Hike Bets

Talking Points: Pound May Rise as Upbeat BOE Inflation Report Fuels Rate Hike Bets NZ Dollar Gains as RBNZ Warns on Loose Monetary Policy Dangers Euro Unlikely to Find Follow-Through in First-Quarter GDP Report The New Zealand Dollar outperformed in overnight trade after the release of the RBNZ Financial Stability Report (FSR). The document identified […]

Top Trade Idea for May 13th, 2015 – AUD/JPY

Top trade idea: AUD/JPY The AUD/JPY currency pair is catching our attention today as it is peeking above a key resistance level at 95.95. As can be seen from the chart, this level had offered strong resistance at least three times in recent past, so the fact that it is now broken it could turn […]

Aussie Dollar Gains on Bets Budget to Reduce Scope for RBA Rate Cuts

Talking Points: Aussie, NZ Dollars Rise as Markets Await Australian Budget Announcement British Pound May Not See Follow-Through on Industrial Production Data US Dollar Looks to Fed-Speak to Drive FOMC Interest Rate Hike Outlook The Australian Dollar outperformed in overnight trade, rising as much as 0.6 percent on average against its leading counterparts. The move […]

Trade Setups in USD-pairs Around April US NFPs

Talking Points: EURUSD restests daily 8-EMA, support since April 23. AUDUSD, USDCAD immersed in triangle consolidations. See the May forex seasonality report. The components of the USDOLLAR Index aren’t moving in lockstep, offering multiple opportunities for trade depending on today’s jobs report outcome. See the above video for technical considerations in EURUSD, GBPUSD, AUDUSD, USDCAD […]

Bund Yields Provide EUR Support

Picking EUR tops a painful exercise German bund yields on the cusp of pushing higher Sterling walks alone, not fussed by fundamentals Crude surges to six-month highs Currently, there are a lot of moving parts in capital markets that are keeping investors on their toes. If it’s not exploding sovereign bond yields or new yearly […]

Demand for US Dollar Tied to Yields and NFP

Dollar takes advantage of thin trade conditions S. yields back up to two-month highs Commodities currencies’ false-positive backed by PBoC RBA does what’s expected, concerned by AUD value The mighty dollar took advantage of thin holiday trading conditions yesterday and rallied against the single currency. That trend continues this morning with the selloff in U.S. […]

Putting USD Correction into Perspective Post-GDP, Pre-NFPs

Talking Points: EURUSD trades down to former resistance turned support, daily 8-EMA. USDJPY breakout gathers pace – easiest path forward for USD. See the DailyFX Economic Calendar for Tuesday, May 5, 2015. May seasonality calls for US Dollar gains, but Friday’s NFP release will be the ultimate determinant of the buck’s direction. The lingering net-long […]

Event Risk Looking to Support the Dollar This Week

Holiday week encourages thin markets Friday’s NFP to dominate this week’s activity Market looking for further stimulus from China Euro manufacturing PMIs showing signs of inflation Holiday thinned markets (Japan’s Golden week holiday Monday through Wednesday, and the U.K.’s May Day celebrations) are keeping FX action relatively tight ahead of the open stateside this morning. […]

US Dollar May Rise if Fed-Speak Hints FOMC to Look Past 1Q Slump

Talking Points: US Dollar May Rise if Fed-speak Rekindles Mid-Year Rate Hike Speculation Australian Dollar Drops as Markets Position for On-Coming RBA Rate Cut See Economic Releases Directly on Your Charts with the DailyFX News App A quiet economic calendar in European trading hours may see traders looking ahead to Fed-speak for direction cues. Comments […]

Yen Gains as Fed Fuels Risk Aversion, NZ Dollar Drops on RBNZ

Talking Points: Yen Gains as Fed Stays the Course on Rate Hike Despite 1Q Slowdown New Zealand Dollar Sinks as RBNZ Opens the Door for Policy Easing Euro Unlikely to Find Lasting Momentum in Eurozone Inflation Report The Japanese Yen outperformed in overnight trade, adding as much as 0.5 percent. The move mirrored a sharp […]

US Dollar Selloff Likely to Continue on Status-Quo FOMC Statement

Talking Points: US Dollar Selling May Continue on Status-Quo FOMC Announcement Aussie Dollar Corrects Lower After Largest Rally in Nearly 15 Months NZ Dollar Fails to Hold Gains on Trade Data as RBNZ Looms Ahead The outcome of April’s Federal Reserve monetary policy meeting is likely to dominate the spotlight in the hours ahead. A […]

Euro Bears on Edge as Grexit Threat Subsides, FOMC in Focus

Greek debt relief not a solution EUR bears feeling the squeeze at elevated levels RBA’s Stevens may have tipped his hand on rates BoE going lower for longer after disappointing GDP Yesterday, the Greek bond market managed to make an aggressive about-turn after news that a Greek government reshuffle diminished the role of Finance Minister […]

Dollar Tumbles…Before the Fed and GDP

Talking Points: Dollar Tumbles…Before the Fed and GDP Euro Shows Increasingly Little Concern Over Greek Risks New Zealand Dollar Faces its Own High-Profile Rate Decision Dollar Tumbles…Before the Fed and GDP It isn’t unusual to see key technical levels and patterns develop in the lead up to critical event risk. Speculative positioning reflecting indecision and […]

Greece: No News is Not Good News

ECB’s QE providing Greek buffer Central banks to dominate this week’s proceedings FOMC is the main event Forex unfazed with U.K. elections No significant news hit the markets regarding Greece over the weekend. Capital markets continue to witness the dealings of Greece acting like a petulant child being scolded by its guardian. The more the […]

British Pound May Rise as BOE Meeting Minutes Reboot Rate Hike Bets

Talking Points: British Pound May Rise as BOE April Meeting Minutes Reboot Rate Hike Bets Aussie Dollar Gains as Core CPI Unexpectedly Rises, Firming RBA Outlook See Economic Releases Directly on Your Charts with the DailyFX News App The release of minutes from April’s Bank of England policy meeting headlines the economic calendar in European […]

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