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Top Trade Idea For July 18th, 2014 – AUD/USD

Aussie Dollar has developed quite pronounced support just below .9330. This area coincides with the 30 May peak and the market has since failed to move below this area on 3 occasions. This time around, price has found this level having made both a lower low and a lower high. In these circumstances a break […]

No Yellin’ – EUR, GBP, JPY Ready to Breakout?

After many months of low forex volatility, one gets the distinct impression that the worst is probably behind us, and that there are a few signs emerging that would suggest that the main forex pairs are on the cusp of a major breakout. Dealers and investors require movement for opportunity and are just itching for […]

Euro Looking for a Lifeline in Revised June Inflation Data

Talking Points: Euro May Rise if June’s Inflation Reading is Revised Upward Yen Gains as Aussie, NZ Dollars Fall on Fading Risk Appetite See Data Releases on Your Charts with the DailyFX News App A revised set of June’s Eurozone CPI figures headlines an otherwise lackluster economic calendar in European trading hours. The benchmark year-on-year […]

Top Trade Idea For July 17th, 2014 – EURAUD

Interesting place for the euraud pair as the cross is sitting on a pivotal area both in terms of conflicting fundamentals between the two currencies and technicals. For the Euro part of the equation, the heavy tone we saw lately started with the ECB and the easing measures the central bank took lately but we […]

Forget Euro Sentiment, Yellen to Provide FX direction

A plethora of economic data releases coupled with central bank rhetoric is expected to have a meaningful impact on forex market volatility this week and it can’t come too soon. Overnight in Australasia, it was the Bank of Japan (BoJ) and the Reserve Bank of Australia (RBA) that got the ball rolling. However, both have […]

Top Trade Idea For July 15th, 2014 –AUD/USD

Today we will take a look at AUDUSD pair and discover a potential trading opportunity.  If you are following AUDUSD regularly then you will know that pair has been in uptrend since start of the year. Pair rallied almost 800 pips in seven months, but this trend can be changing now. Let’s take a look […]

Top Trade Idea for July 11th, 2014 – AUD/USD

The AUD/USD pair is tiring. USD weakness and good trade data from China saw AUD attempt higher levels, only to fade each time. Traders have heard it all before – but Aussie weakness may arrive once most traders have given up their shorts. The chart below shows the last 3 peaks. The previous 2014 high […]

Are EUR and Sterling Risks Climbing ?

All that the forex investor requires is some consistent intraday volatility — it provides opportunity. Overnight, Aussie trading is a prime example and certainly beats the 12-18 point EUR ranges that North America has been exposed to throughout the World Cup finals. Sessions like those have certainly poisoned market participation and enthusiasm. In general, the […]

Pound Looks to Industrial Output Data to Drive BOE Policy Speculation

Talking Points: British Pound May Pull Back if Industrial Production Data Disappoints Euro Focused on ECB Commentary on Stimulus Expansion Speculation Australian Dollar Outperformed on Firming RBA Outlook in Asia Trade UK Industrial Production figures headline a relatively quiet economic calendar in European hours. Output is expected to have added 3.2 percent year-on-year in May, […]

Strong June US NFPs Boost Technical Conditions for US Dollar Rally

Talking Points: US NFPs +288K, UR to 6.1% – USDOLLAR breaks June downtrend. AUDUSD, EURUSD more vulnerable than GBPUSD, USDJPY. July forex seasonals in QE era still working against greenback, however. Strong US labor data has set the pre-conditions necessary for a US Dollar rally. Now, several technical factors have lined up, opening a window […]

Top Trade Idea For July 7th, 2014 – AUD/NZD

Since early June, the New Zealand dollar has been the antipodean dollar of choice. The cross rate has moved 3.5% from 1.1035 to 1.0666 during those few weeks. While medium term analysis suggests that the trend lower may continue, in the nearer term, we may be due for a pullback. Today’s countertrend trade will look […]

Trade Setups in EUR/USD, USD/JPY, AUD/USD for ECB, NFPs

Talking Points: EURUSD levels to watch: 1.3635-1.3700. USDJPY funnels into triangle apex – like a coiling spring. AUDUSD false break?- threatens uptrend from early-March. Traders lulled into a daze by the low volatility ought to grab a coffee for this morning – volatility should be back with a vengeance. Thanks to the holiday-shortened week for […]

EURO (ECB) or USA (NFP): Who is the Market’s Favorite?

Investors require volatility for opportunity and with today’s plethora of economic releases and a European Central Bank (ECB) announcement due on the other side of the Atlantic, the market should be exposed to a significant pre-fireworks display, heightened by a shortened trading day ahead of the Fourth of July celebrations stateside. With the granddaddy of […]

Forex Markets Brace for Volatility on ECB Meeting, US Payrolls Data

Talking Points: Euro Looks to ECB Rate Decision for Hints on Future Stimulus Expansion US Dollar to Rise if Nonfarm Payrolls Tops Forecasts, Boosts Fed Outlook Australian Dollar Sharply Lower in Asia on Comments from RBA’s Stevens A monetary policy announcement from the European Central Bank headlines the calendar in European hours. The introduction of […]

Dollar Gets Pre Holiday Payrolls Boost and Other Top Forex News.

The dollar ended the shortened trading week in positive territory against most of the major currencies on Thursday, following the release of this mornings upbeat non-farm payrolls report. The U.S. Department of Labor said non-farm payrolls rose by 288,000 last month, way ahead of  expectations for an increase of 212,000. The previous month’s figure was […]

US Dollar Looks to ADP Data, Yellen Speech to Set the Stage for NFP

Talking Points: British Pound Eyeing UK Construction PMI to Drive BOE Policy Outlook US Dollar Looks to ADP Data, Yellen Comments to Set the Stage for NFP Australian Dollar Drops in Asia on Disappointing Trade Balance Report The economic calendar is quiet in European trading hours, with June’s UK Construction PMI reading amounting to the […]

Dollar Boosted By Upbeat Jobs Data and Other Top Forex News.

The dollar was boosted on Wednesday, closing the session in positive territory against a host of other currencies after data showed that the U.S. private sector added more jobs than expected in June. The data from payrolls processor ADP showed that the U.S private sector added 281,000 jobs last month, beating expectations for an increase […]

Dollar Positioned Above Critical Support

Talking Points: Dollar Positioned Above Critical Support Euro Wins Break Versus Dollar, Appetite More Speculative British Pound Scales Highest Level Since 2008 Dollar Positioned Above Critical Support There were a few high profile technical breaks against the US Dollar through the opening trading session of the week. Both EURUSD and GBPUSD broke recent resistance in […]

Weak U.S. Manufacturing Data Hits Dollar and Other Top Forex News.

The dollar fell against the pound and Canadian dollar on Tuesday, after the release of disappointing U.S. manufacturing data put paid to expectations that the Federal Reserve might raise interest rates sooner than expected. This mornings data from the Institute for Supply Management showed that its index of purchasing managers dipped to 55.3 last month […]

AUDUSD pulls back from major resistance

The AUDUSD pair has been challenging a key region of resistance recently following some selling in May. With price action now between a cleartly defined range, I believe it it worth expecting this to continue until we see a breakout which will bring the next phase of trend within the pair. The daily chart shows […]

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