Today is Thu, April 17, 2014 21:50:42 GMT
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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 […]

Forex: US Dollar Hoping to Find Reprieve in March FOMC Minutes

Talking Points: US Dollar Hoping for a Reprieve from March Fed Meeting Minutes Pound, Euro Unlikely to Find Fuel in German and UK Trade Data Aussie and NZ Dollars Higher, China Optimism a Possible Catalyst The spotlight is on the release of minutes from the March 18-19 FOMC meeting in the hours ahead. That sit-down […]

Dollar Slips After Dovish Fed Minutes and Other Top Forex News.

The U.S. dollar hit session lows across the board on Wednesday, following the release of somewhat dovish FOMC minutes, with the takeaway being members seemed in less of a hurry to hike rates than the spin following the policy statement and Yellen press conference that day in mid-March. Following the release, the dollar slipped against […]

Has Euro Become a Problem For EZ Growth?

By Boris Schlossberg Market Drivers April 09, 2014 Aussie hits highest mark since November 2013 UK Trade data slightly better, USD/JPY rebounds to 102.00 Nikkei -2.10% Europe 0.42% Oil $102/bbl Gold $1309/oz. Europe and Asia: AUD Westpac sentiment 0.3% vs. -0.7% AUD Home Loans 2.3% vs. 1.7% EUR GE Trade 15.7B vs. 18.0B GBP UK […]

Dollar Slumps Against Yen After BoJ Comments and Other Top Forex News.

The dollar continued to weaken against the other major currencies on Tuesday ahead of the release of Wednesdays Federal Reserve minutes. While the yen was bolstered by news that the Bank of Japan doesn’t feel that further stimulus is necessary in the short term. BoJ Governor Haruhiko Kuroda said earlier Tuesday, that the bank was […]

British Pound More Likely to See Rate Speculation in Today’s Data than Later BoE

Talking Points: Dollar Drops Despite S&P 500’s Biggest Back-to-Back Decline in 10 Months British Pound More Likely to See Rate Speculation in Today’s Data than Later BoE Japanese Yen Indecisive After BoJ Hold, Kuroda Not Scheduled to Speak Dollar Drops Despite S&P 500’s Biggest Back-to-Back Decline in 10 Months The correlation between the dollar and […]

Dollar Weakens Ahead of Fed Minutes and Other Top Forex News.

The dollar was mostly softer against the other major currencies on Monday ahead of Wednesday’s Federal Reserve meeting minutes, while comments by European Central Bank officials dampened expectations for unconventional monetary easing measures boosted the euro. Investors are anxiously awaiting this weeks minutes after last Friday’s jobs data raised questions about the strength of the […]

Top Trade Idea For April 7th, 2014 – AUD/USD

AUDUSD Upside on the Horizon Given the spotlight that’s been placed on risk sentiment, AUDUSD is set up to provide us with a great opportunity. The Background On the fundamental side, we’ve seen the dissipation of concerns in 3 ways: Russia-Ukraine tensions have blown over; China issues are being suppressed and losing their fear status […]

Forex: Euro to Look Past German Data, Focus on ECB Annual Report

Talking Points: German Industrial Production, Swiss CPI Likely to Pass Without Fanfare AQR Cues in the ECB Annual Report May Be Market-Moving for the Euro Aussie Dollar Down, Japanese Yen Higher as Stocks Drop in Asian Trade A relatively quiet European economic calendar is headlined by February’s German Industrial Production and March’s Swiss Consumer Price […]

Dollar Mixed After Payrolls Miss and Other Top Forex News.

The dollar ended the week mixed against the other major currencies, after this mornings non farm payrolls came in slightly under expectations, but showed the U.S. economy is on a slightly firmer footing. This mornings report from the Department of Labor, revealed the U.S. economy added 192,000 jobs in March, confounding expectations for a 200,000 […]

How will the Dollar React to Payrolls

By Kathy Lien, How will the Dollar React to Payrolls EUR Crashes – Top 10 Takeaways from ECB Meeting GBP: Has UK Growth Peaked? CAD: Holds Onto Gains as Investors Look Ahead to Canadian Jobs Data NZD: Sting of Lower Milk Prices Extends Losses AUD: Hit by Weaker Retail Sales and PMI Services JPY: Service […]

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