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Ranges Persist in USD-Pairs Post-FOMC Meeting

Talking Points: AUDUSD can’t quite break through $0.8900. EURUSD, GBPUSD stuck in month-long ranges. Target on US Dollar’s Back this Week with FOMC, GDP Due The FOMC threw the US Dollar a bone yesterday by leaving its name absent from its policy statement. Weeks earlier, policymakers queued the US Dollar up for disappointment, when it […]

Move lower in EURAUD could cause major losses

The EURAUD pair has been moving lower over the past two weeks. However, with a potential head and shoulders formation in play, just the completion of the second shoulder could be enough for a 500 pip move in the pair. The weekly chart below shows that the pair appears to be within the second shoulder […]

Top Trade Idea For October 29th, 2014 – AUD/CAD

With the markets fully focused on the outcome of the FOMC tonight, it may be best to avoid looking at assets which will be directly impacted by the Fed’s decision. In this regard, one currency pair that has caught my eye is the AUD/CAD, which could be on the verge of resuming its downward trend. […]

Major Event Risk Ahead for US Dollar – Levels to Watch

Talking Points: Major event risk ahead for US Dollar – two high risk events today. USDCAD susceptible, AUDUSD requires patience. October Forex Seasonality Foretells End of Seasonal USD Weakness The US Dollar has been able to retrace about half of its losses from its October highs, but it’s not out of the woods just yet. […]

Top Trade Idea For October 27th, 2014 – AUD/JPY

Since mid 2013, AUD/JPY has been moving higher within a controlled (yellow) channel. But in a six week period from early September 2014, we’ve seen a sharp 700 pip fall from the top of the channel towards the bottom. While price is currently moving higher, this time, we feel price will break below the bottom […]

Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms

Talking Points: Pound to Fall on Ebbing BOE Rate Hike Outlook if 3Q GDP Underperforms Yen Rose and Aussie Dollar Fell in Asia, Mirroring Slide in S&P 500 Futures Place Economic Releases Directly on Your Charts with the DailyFX News App Third-quarter UK GDP figures headline the economic calendar in European trading hours. A slowdown […]

Top Trade Idea For October 24th, 2014 – Sell the Tasman Twins

AUD/NZD has traded in a sideways range for more than 3 months, bounded by 1.0917 and 1.1293. This week, inflation data in NZ came in weaker than expected; leading analysts to suggests that the RBNZ may pause in its current lifting of cash rates.  Under this scenario, Mr Market may expect the Kiwi dollar to […]

Top Trade Idea For October 23rd, 2014 – AUD/USD

It is time to give the old audusd a bit of credentials to the upside as from my point of view market is screaming to break higher out of the contracting triangle that can be seen at the bottom of the chart in the above picture. The whole move seems to be a d wave […]

Pound at Risk on Status-Quo BOE Minutes, US Dollar May Rise on CPI

Talking Points: British Pound May Drop on Status-Quo Bank of England Meeting Minutes US Dollar to Rise if September’s CPI Tops Forecasts, Boosting Fed Outlook See Economic Releases Directly on Your Charts with the DailyFX News App Minutes from October’s Bank of England policy meeting headline the economic calendar in European hours. The voting pattern […]

AUDUSD triangle key to medium term outlook

The AUDUSD pair has been showing signs of indecision following the engagement with a major long term support level earlier this month. With a symmetrical triangle currently in play just above that support region, the direction of breakout is likely to provide the direction for the coming weeks. The monthly chart shows that there has […]

Aussie Dollar Edges Higher on China GDP, Yen May Rise on US Data

Talking Points: Aussie Dollar Edges Higher on Modestly Better Than Expected Chinese GDP US Dollar, Yen May Rise if Upbeat Home Sales Data Fuels Fed Rates Outlook PlaceEconomic Releases Directly on Your Charts with the DailyFX News App The Australian Dollar narrowly outperformed in overnight trade, rising as much as 0.3 percent on average against […]

Chinese Renminbi, Global Markets Await Chinese GDP

Talking Points: Dollar Traders Keep Ear to Ground for Volatility Until Fed Meet Chinese Renminbi, Global Markets Await Chinese GDP Euro Sees Uneven Advance on News of QE Program Activity Dollar Traders Keep Ear to Ground for Volatility Until Fed Meet Though the US Dollar has opened the trading week lower, the market’s motivations are […]

US Dollar Looks to Fed-Speak for Direction After Falling Most in a Year

Talking Points: US Dollar Corrects Higher Overnight, Looks for Next Lead in Fed Commentary Aussie Dollar Underperforms as 2-year Yields Drop to Weakest in Two Months Place Economic Releases Directly on Your Charts with the DailyFX News App The US Dollar outperformed in overnight, rising as much as 0.3 percent on average against its leading […]

Pound Looks to UK CPI to Inform BOE Bets, Aussie Up with China Stocks

Talking Points: British Pound May Fall as Soft Inflation Data Weighs on BOE Rate Hike Bets Aussie, NZ Dollars Outperform on Ebbing HK-Linked China Instability Fears PlaceEconomic Releases Directly on Your Charts with the DailyFX News App September’s UK CPI figures headline the economic calendar in European trading hours. The headline year-on-year inflation rate is […]

US Dollar Under Fire as Fed Officials Downplay Rate Hike Prospects

Talking Points: US Dollar Under Fire as Fed Officials Downplay Interest Rate Hike Outlook Aussie and NZ Dollars, S&P 500 Futures Send Mixed Signals on Risk Trends See Economic Releases Directly on Your Charts with the DailyFX News App The US Dollar underperformed in overnight trade, falling as much as 0.4 percent on average against […]

FX Markets Flash Classic ’Risk Off’ Mode, Boosting Demand for JPY, USD

Talking Points: US Dollar rebounding but so too are other low yielding havens. Commodity currency enthusiasm post-NFPs wiped out October Forex Seasonality Foretells End of Seasonal USD Weakness The US Dollar has reversed sharply from yesterday’s lows, but the theme on which the move is predicated couldn’t be more discouraging: a global sell-off. Higher yielding […]

Forex: Dollar Drops after FOMC Weighs in on Currency, But is this a Trend?

Talking Points: Dollar Drops after FOMC Weighs in on Currency, But is this a Trend? British Pound: Rate Forecasts Drop Before BoE Decision Euro Traders Ready for ECB President Draghi Commentary Dollar Drops after FOMC Weighs in on Currency, But is this a Trend? Given the S&P 500’s impressive rally and the Dollar’s tumble this […]

Dollar Rally Cut By EUR Options

With one trading session down and four to go this week, already the mighty U.S. dollar has managed to take a healthy breather on Monday. There were several notable market moves that managed to end up handcuffing the dollar. Precious metals bounced ahead of multi-month lows to record their best day in two months, while […]

Aussie Dollar Looking Beyond Status-Quo RBA Policy Announcement

Talking Points: Aussie Dollar Flat as RBA Keeps Rate Setting Unchanged as Expected Swiss Franc Unlikely to Find Volatility in September’s Inflation Report Familiar Sentiments from Fed Officials May Do Little for the US Dollar The Australian Dollar was little-changed after the Reserve Bank of Australia opted to keep its benchmark interest rate unchanged at […]

U.S Dollar Confronts Challenges

It’s not unusual to witness a subdued trading session following the release of a U.S. jobs report. While straddling a holiday or two, expect many participants to take some time out and reflect on the dollar’s powerful moves in the third quarter. Investors will be asking after watching the buck soar to such lofty heights, […]

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