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Euro: Should We Worry About Demands for More Currency Intervention ?

Talking Points: Dollar Advance Stalls as Yellen Comments and Beige Book Chewed Euro: Should We Worry About Demands for More Currency Intervention? British Pound Rallies on Strong Jobs Data, But Not Enough for Next Bull Leg Dollar Advance Stalls as Yellen Comments and Beige Book Chewed With Friday’s liquidity drain closing in, the dollar is […]

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 […]

UK Unemployment Drops Below 7% – Pound Blasts Above 1.6800

Market Drivers April 16, 2014 UK unemployment dips below 7% Chinese data mixed Nikkei 3.01% Europe .97% Oil $104/bbl Gold $1301/oz. Europe and Asia: CNY GDP 7.4% vs. 7.4% CNY IP 8.8% vs. 9.1% CNY Retail Sales 12.2% vs 11.9% GBP claimant count -30K vs. -30K GBP 6.9% vs. 7.1% GBP Average earnings 1.7% vs […]

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. […]

Top Trade Idea for April 14th, 2014 – EUR/CAD

While there continue to be mixed signals in the forex market in terms of correlations, there still exist basic technical set-ups.  EUR/CAD being one to consider. EUR/CAD is likely to run into resistance into the 1.5150 area where short positions make sense.  Stops are tight, just above 1.5184 and a downside target of 1.5080   […]

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 […]

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 […]

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 […]

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 […]

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 […]

Top Trade Idea For April 4th, 2014 – USD/CAD

Breakout strategies can be useful leading into a figure like the US Non-Farm Payrolls. Here the idea is to look for a market that’s in the firing line if the figure is outside expectations but also has a defined support and resistance that’s not too far away. USDCAD looks to fill this bill with an […]

Why a Weak NFP Could Wreak Havoc for ECB

By Boris Schlossberg Market Drivers April 04, 2014 Euro consolidates at 1.3700 ahead of NFPs German factory orders a bit better Nikkei 0.05% Europe -.11% Oil $100/bbl Gold $1289/oz. Europe and Asia: EUR GE Factory orders 0.6% vs. 0.1% EUR Retail PMI 49.2 vs. 48.5 North America: USD NFP 8:30 CAD Employment 8:30 CAD Ivey […]

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 […]

Euro Slumps After Draghi Comments, Dollar Holds Steady and Other Top Forex News.

The euro slumped to a five-week low against the dollar on Thursday after ECB President Mario Draghi said the bank was not adverse to using unconventional measures if necessary to stave off the risk of deflation in the euro zone. Draghi told reporters after this weeks ECB policy meeting that the governing council was “unanimous” […]

Dollar Moderately Higher After Payrolls Data and Other Top Forex News.

The U.S. dollar was moderately higher against most of the major currencies on Wednesday, following the release of upbeat U.S. private sector payrolls data. Payroll processing firm ADP reported this morning that the U.S. private sector added 191,000 jobs last month, slightly below expectations for jobs growth of 195,000. While February’s figure was revised up to […]

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