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Euro and Yen Capitalize as Risk Aversion Sweeps Financial Markets

Talking Points: Kiwi Dollar Underperforms as RBNZ Compounds Pressure from Risk Trends Euro Joins Japanese Yen in Capitalizing on Sharp Carry TradeLiquidation See Economic Releases Directly on Your Charts with the DailyFX News App The Australian, Canadian and New Zealand Dollars underperformed in overnight trade as risk aversion continued to sweep financial markets, weighing on […]

Fed Uncertainty Has Dollar Bulls Nervous

Market reassess Fed outlook after dovish minutes US data needs to be convincing over coming weeks Forex volatility confined to tight ranges for now Market focus now shifts to August job report Investors were hoping for guidance on rate liftoff timing from the Fed yesterday, but that was not to be the case. The Fed […]

US Dollar May Rise as FOMC Minutes Boost September Rate Hike Bets

Talking Points: US Dollar May Rise as July FOMC Minutes Boost September Rate Hike Bets Yen to Rise, Commodity FX Vulnerable if Fed Outlook Sparks Risk Aversion See Economic Releases Directly on Your Charts with the DailyFX News App A quiet day on the European economic data front will see investors looking ahead to July’s […]

British Pound May Rise as Inflation Data Boosts BOE Rate Hike Bets

Talking Points: British Pound May Rise if Upbeat CPI Data Boosts BOE Rate Hike Outlook NZ Dollar Up Before Dairy Auction, Canadian Dollar Down with Crude Oil See Economic Releases Directly on Your Charts with the DailyFX News App UK CPI figures headline the economic calendar in European trading hours. The core year-on-year inflation rate […]

British Pound Gains on BOE Comments, Canadian Dollar Drops on Oil

Talking Points: British Pound Gains on Hawkish Comments from BOE’s Forbes Canadian Dollar Follows Crude Oil Lower on Supply Glut Bets US Dollar Higher Ahead of 6- and 3-Month Treasury Bill Sale See Economic Releases Directly on Your Charts with the DailyFX News App The British Pound outperformed in overnight trade following hawkish comments from […]

Top trade idea for August 13th, 2015 – AUDCAD

Starting to grow bullish on the audcad cross not necessarily because of the weakness of the Canadian dollar but correlations between commodity currencies favor a move to the upside. The triangle that we see at recent lows has formed a series of three lower lows and this calls for a retracement all the way to […]

USD/CAD – Commodity Prices A Blessing For Loonie Bears

Summer trading lull takes hold Chinese data does not ease investor worries CAD bulls losing out S bills curve backing up as expected It’s difficult to get excited by these markets, as the mid-summer lull seems to have already settled on us. Now that market moves seem to be more data dependent rather than Grexit […]

Breakout on Tap Next Week? USDOLLAR Index Eyes Flag Top

Talking Points: EURUSD rebounds back above $1.0980 on EZ CPI data. AUDUSD at fresh yearly lows; USDCAD waits for Canadian GDP. See the DailyFX economic calendar for Friday, July 31, 2015. It’s the end of the month, which means fund managers and traders alike will be revisting their books. This rebalancing effect – the reallocation […]

Top trade idea for July 31st, 2015 – GBP/CAD

Last week GBPCAD arrived at a swing equivalent level where the last swing (“CD”) was the same size as the swing leading into it (“AB”). It’s quite common for trends to end at this point, setting up for a significant correction. The uptrend in GBPCAD had been losing momentum as it approached this swing equivalent […]

USDOLLAR Index Fights Back to Trendline from June Lows

Talking Points: AUDUSD breaks to fresh yearly lows below $0.7270. USDCAD triangulates, looking for a break above C$1.3055. See the DailyFX economic calendar for Thursday, July 23, 2015. Hold the presses on the ‘greenback may be topping’ headlines: the past 24-hours have seen a quick revival by the US Dollar. USD-pairs, particularly those in the […]

Aussie, Kiwi and Loonie Under Commodity Currency Attack

Aussie bears look to Stevens for support Kiwi takes temporary flight for insurance Loonie dithers in the middle for now Governor Poloz goes it alone Recent actions and rhetoric from Commonwealth Prime Ministers, and their respective policy makers, have put their commodity sensitive currencies under pressure. In Australasia, the Kiwi ($0.6592) and Aussie dollar ($0.7370) […]

As EUR/USD Pauses, NZD/USD and USD/CAD Eye Continuation

Talking Points: EURUSD eyes break of $1.0805, but could see $1.0915 first. Commodity FX under pressure as gold, oil slip; RBNZ cut forecast. See the DailyFX economic calendar for Tuesday, July 21, 2015. The commodity currency complex continues to hold a bearish bias versus the US Dollar. This is not only derived from a cursory […]

USDOLLAR Index Breakout Looking Healthy, but Breather Possible

Talking Points: EURUSD finds support at late-May low just above $1.0800. USDCAD attempting for fresh yearly highs above C$1.3000. See the DailyFX economic calendar for Monday, July 20, 2015. Market attention is starting to divert itself from Greece and back to two overarching themes: the ECB’s QE through September 2016; and the Fed’s desire to […]

Prudent FED Pummels G10 Currencies

Fed favors prudent, but steady approach to rate hikes Dollar aided by diverging G7 monetary policy expectations Hawkish BoE pressures EUR/GBP longs Loonie bulls looking to crude prices for support It’s anticipated to be another action-backed day in Capital Markets, again dominated by rhetoric from Central Bankers. Fed Chair Yellen takes to the Hill for […]

BoC and FED Standoff

Fed’s Yellen on the hot seat mid-morning Yellen’s remarks available on-line 90 minutes before testimony 50-50 that BoC will Cut Loonie low under threat By end of today, investors will have had a lot of rhetoric and data presented to them to decipher. One of the biggest events this week is not an economic release; […]

Critical Day for CAD, EUR, USD with BoC, Greece, Yellen on Radar

Talking Points: EURUSD holding above $1.1000 pre-Greek parliamentary vote. USDCAD trading below C$1.2800 pre-BoC, pre-Yellen testimony. See the DailyFX economic calendar for Wednesday, July 15, 2015. The next two days are filled with central bank activity that will very likely impact FX markets. Today at 10:00 EDT/14:00 GMT, the Bank of Canada will meet for […]

USDOLLAR’s Bullish Triangle Still Viable after Greek Deal

Talking Points: EURUSD back below $1.1100 after barely missing $1.1200. AUDUSD, USDCAD still represent most bullish USD See the DailyFX economic calendar for Monday, July 13, 2015. The lust around the announced agreement between Greece and her creditors has already started to wear off. Developments on the charts overnight suggest that markets are weary about […]

CAD’s Loonie Bull Caught In The Headlights

Market likes Greece’s last chance proposal package CSRC actions shore up Shanghai composite Greek headline to dictate market direction Loonie bulls have the BoC to contend with There seems to be some hope for Greece avoiding being dumped out of the eurozone after the Greek government sent in its proposals of last chance to the […]

EUR-crosses Catch a Bid on Greek Deal Proposal

Talking Points: USDOLLAR uptrend thrown into question after EURUSD AUDUSD, USDCAD less affected than European FX. See the DailyFX economic calendar for Friday, July 10, 2015. Markets like the Greek proposal, even though it’s practically the exact same one the Eurogroup offered Greece, which was taken to referendum and rejected. See the above video for […]

Top trade idea for July 9th, 2015 – USDCAD

Still bearish on the usdcad despite recent pullback in the pair and from my point of view we have only one possibility for the structure above: a flat with a weak b wave and the last c wave to the upside, the one in red, is a corrective wave. This means it should be completely […]

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