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Dollar Swells Without Break as S&P 500 Drops, Fisher Warns of Hikes

Talking Points: Dollar Swells Without Break as S&P 500 Drops, Fisher Warns of Hikes British Pound Top Performer as Data Revives BoE Hopes, More Ahead Euro Faces Top Event Risk in 2Q Italian GDP Release Dollar Swells Without Break as S&P 500 Drops, Fisher Warns of Hikes The dollar was up against most of its […]

EUR Pounded To A Nine-Month Low

A number of central bank monetary policy rate announcements combined with few Group of 10 jobs reports will dominate the fundamental horizon for the remainder of this week. Already the forex market has taken a curve ball with the release of a record-low HSBC services purchasing managers’ index (PMI) figure from China late last night. […]

EURAUD looking bearish following trend-line resistance

The EURAUD pair has been trending downwards throughout 2014, where recent upside price action has brought about a re-engagement with a key descending trend-line and as such I expect to see further downside in the coming days. 1. Recent support provided by the red ascending trendline has given way to further downside in July as […]

Dollar May Rise as ISM Print Boosts Fed Outlook, Pound Eyes PMI Data

Talking Points: British Pound Looks to PMI Figures to Inform BOE Rate Hike Speculation US Dollar May Rise as Upbeat ISM Report Feeds Fed Normalization Bets Aussie Dollar Erases Intraday Losses, Trades Flat After RBA Rate Decision July’s UK Services PMI figure is expected to show a slight acceleration in the pace of non-manufacturing sector […]

Top Trade Idea For August 5th, 2014 – AUD/USD

The RBA, as expected left rates unchanged at 2.5% today. This is the 12th consecutive month that rates have been kept on hold – the longest single period since 2006. The general expectation is that the RBA will stand pat until the first half of 2015 at the earliest. The RBA did however state that […]

AUDUSD looking bearish after resistance rejection

The AUDUSD intraday view is looking bearish today, following a rejection of a major level of resistance. Both price action and momentum bring confirmation of this view, yet with fundamental factors also around the corner, volatility is expected. 1. Price action broke below the major support provided by the green ascending trendline and 61.8 fibonacci […]

USDOLLAR Breakout Valid Above 10495; AUD/USD Weak Under 0.9310

Talking Points: EURUSD bearish below 1.3475 but likely stuck pre-ECB. USDJPY holds former resistance, AUDUSD struggles at support. August forex seasonality in QE era supports a stronger US Dollar. The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) retains its bullish stance despite the weak selloff seen after the July Nonfarm Payrolls report. The US labor […]

Pound Looks to PMI Data to Fuel Selloff After Hitting 7-Week Low

Talking Points: British Pound Looks to Construction PMI Data to Fuel Continued Selling Australian Dollar Strengthened as Risk Appetite Firmed in Overnight Trade View Economic Data Releases on Your Charts with the DailyFX News App The UK Construction PMI figure headlines an otherwise lackluster European economic calendar. Expectations point to a narrow slowdown in the […]

Top Trade Idea For August 1st, 2014 – AUD/NZD

Trans Tasman Trade – Sell AUD/NZD Australia and New Zealand are separated by a lot more than just the Tasman Sea – and are not so friendly rivals in many sports dear to both countries’ hearts. They share a heavy dependence on primary industries. However, NZ’s food producers are currently outperforming Australia’s miners, and it’s […]

EUR’s Fall from Grace Put on Hold until NFP

The forex market has had a little bit of everything thrown at it in the past 24-hours. It looks like an asset class that wants to make up for lost time in a hurry. Finally, fundamental and technical themes are beginning to join the dots that both volatility and volume, in the current low-rate environment, […]

Dollar Positioned for a Breakout but Will GDP and the Fed Provide?

Talking Points: Dollar Positioned for a Breakout but Will GDP and the Fed Provide? Euro Faces its Own Volatility on Stocked Docket British Pound Unimpressed by Surge in Mortgage Approvals Dollar Positioned for a Breakout but Will GDP and the Fed Provide? It’s an appropriate place to be, heading into such a significant round of […]

US Dollar May Rise Before Key Data on Firming Consumer Confidence

Talking Points: US Dollar May Edge Higher as Consumer Confidence Hits Six-Year High Australian Dollar Followed S&P 500 Futures Lower in Quiet Asian Trade View Economic Data Releases on Your Charts with the DailyFX News App Another quiet day on the European economic data front is likely to see investors looking ahead to US economic […]

Top Trade Idea For July 28th, 2014 – AUD/CHF

As a keen skier, it’s no surprise that Switzerland is one of my preferred European destinations given its slopes, scenery, crisp air and hiking. But during the past year or so, something has been missing. Where are all the Australians? That very distinctive accent has been heard less and less during the past year and […]

Top Trade Idea For July 25th, 2014 – AUD/CAD

Aussie/CAD is testing trend line resistance with momentumoscillators like the slow stochastic in the overbought zone. The high of today’s candle is so far well below yesterday’s high. If we also move below yesterday’s low the chances are we will finish the day with both a lower high and a lower low. Assuming this is […]

Euro Selloff May Continue as PMIs Fuel Bets on More ECB Stimulus

Talking Points: Euro Selloff May Continue as PMI Data Fuels Bets on More ECB Stimulus New Zealand Dollar Tumbles as RBNZ Signals Shift to Wait-and-See Mode Aussie Dollar Tags 3-Week High After HSBC Reports Upbeat Chinese PMI The preliminary set of July’s Eurozone PMI figures headlines the economic calendar in European trading hours. The region-wide […]

RBNZ Bulls Not Affected By Dairy Prices

Capital markets require rate divergence for sustainable volatility, which in turn drives greater investor interest, more volatility and so on. The market just wants price movement. To date, central banks and option traders have been successful handcuffing the forex asset class to tight, contained, and boring currency ranges for many months. Even geopolitical risk, when […]

British Pound Out of Room and Facing Trial by Event Risk

Talking Points: Dollar Performance Not as Robust as EURUSD Insinuates Euro Tumbles As European Equities Rally British PoundOut of Room and Facing Trial by Event Risk Dollar Performance Not as Robust as EURUSD Insinuates The world’s most liquid currency cross EURUSD made a significant break this past session. Breaking through the 1.3500-floor that kept the […]

EUR Bears Need to Feed Their Appetite

At the best of times, investors have difficulties handling risk and the current trading environment is no different. It seems that the idea of trading risk is not easily transferable among the asset classes. The slight rise in risk appetite in equities is failing to make its way directly into the foreign exchange market. U.S. […]

US Dollar May Rise on Fed Bets as June Inflation Data Tops Forecasts

Talking Points: US Dollar Likely to Rise if June’s Inflation Data Outshines Expectations Aussie Dollar Higher, Yen Declines as Risk Appetite Firms in Asian Trade See Economic Data Releases on Your Charts with the DailyFX News App A quiet economic calendar in European trading hours is likely to see investors looking ahead to the release […]

AUDUSD rejects resistance and forms bearish engulfing pattern

The AUDUSD pair is trading within a descending triangle formation, which has been respected yet again today with the rejection of a key resistance level. With price action having broken below a short term support, a bearish englufing pattern is pointing towards further downside to come. The four hour chart show that bearish engulfing pattern […]

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