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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 […]

British Pound Bulls Fear Weaker Inflation Statistics

Talking Points: Dollar Bounces Along with Yields, CPI a Key Benchmark British Pound Bulls Fear Weaker Inflation Statistics Euro Takes Another Hit as ECB’s Threats Pick Up Intensity Dollar Bounces Along with Yields, CPI a Key Benchmark US equities may have put up a decent rebound to open the week, but that wouldn’t stop the […]

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 […]

U.S. Optimism Supports Dollar and Other Top Forex News.

The U.S. dollar ended the week in positive territory against the Japanese yen and held steady against the other major currencies, after this mornings data added fresh optimism over the strength of the U.S. economic recovery. The morning got off to a lukewarm start when the University of Michigan said its consumer sentiment index fell […]

Top Trade Idea For March 27th, 2014 – USDCHF

The chart above is the usdchf daily time frame and from my point of view the pair is at an important crossroad. The reason for that is the fact that the falling wedge there looks like a terminal impulsive move and this means it will be completely retraced. The overlapping between the second and fourth […]

Dollar Beats Euro But Remains Under Pressure and Other Top Forex News.

The U.S. dollar remained under pressure on Wednesday, despite the release of better-than-expected U.S. economic data, while prospects for further monetary easing by the European Central Bank curbed investor demand for the euro. This mornings data from the Commerce Department showed that U.S. durable goods orders climbed by 2.2% last month, snapping two months of […]

What Does Crisis in Ukraine Mean for FX?

By Boris Schlossberg Market Drivers March 03, 2014 Risk stabilizes as Ukraine situation at a standstill EZ PMI Better bit better, same with UK Nikkei -1.27% Europe -1.80% Oil $104/bbl Gold $1345/oz. Europe and Asia: CNY HSBC PMI 48.5 vs. 48.5 AUD AIG Manufacturing PMI 48.6 vs. 46.7 EUR Final Manufacturing PMI 53.2 vs. 53.2 […]

EURCHF trend-line support could spark upside price action

The EURCHF pair has had a positive start to the morning following consistent selling throughout the last two weeks. A notable ascending trend-line has now come into play which could see the pair push higher over the coming period. The daily chart below shows the significant buying from the green ascending trend-line, which constitutes the […]

Dollar Trims Gains After Empire State Data and Other Top Forex News.

The U.S. dollar trimmed gains against the pound and yen on Tuesday after this mornings key Empire State data disappointed markets. The Federal Reserve Bank of New York said that its general business conditions index, otherwise known as the Empire State manufacturing index, came in at 4.48 this month, down from a 20-month high of […]

USDCHF finds support following sell-off

The USDCHF pair has been selling off on the back end of last week, falling back from the notable resistance level of 0.913 to post a new low around 0.8895. However, having found support upon a descending trend-line, it seems we could have a strong start to the week for the pair. The daily chart […]

Dollar Steady Ahead of Fed Meeting and Other Top Forex News.

The U.S. dollar held steady against most major currencies on Monday, with the conclusion of this weeks Federal Open Market Committee policy meeting on Wednesday uppermost in traders minds. The yen started the session strongly against the dollar after the release of soft U.S. housing data, which showed that sales of new, single-family houses in […]

Cable Soars as On Best Retail Increase in Decade

By Boris Schlossberg Market Drivers January 17, 2014 UK Retail Sales 2.6% vs. 0.5% taking cable higher a full cent China Beige book – credit transmission is broken Nikkei -0.08% Europe 0.16% Oil $94/bbl Gold $1240/oz. Europe and Asia: CHF 0.0% vs. 0.2% GBP UK Retail Sales 2.6% vs. 0.5% North America: USD Building Permits/Housing Starts […]

Dollar Gets Its Groove Back

By Boris Schlossberg, Market Drivers January 15, 2014 AUD/USD crushed as weaker Chinese loan data AUD/NZD selling weigh on pair Dollar dominates across the board Nikkei 2.50% Europe .52% Oil $92/bbl Gold $1237/oz. Europe and Asia: CNY New loans 483B vs. 589B JPY Machine Tools 28% vs. 15% CHF Retail Sales 4.2% vs. 1.7% EUR […]

USDCHF finds support from previous resistance

Then USDCHF pair broke out from a key descending channel this month, bringing the downside bias into question and potentially signalling the beginning of a newly formed bull trend for the pair. The pair has now retested the channel and appears to be set for a push higher over the coming period. The daily chart […]

Dollar Recovers After Retails Sales Jump and Other Top Forex News.

The U.S. dollar recovered most of yesterdays losses against the yen and strengthened against a host of other currencies on Tuesday after data showed that U.S. retail sales rose more-than-forecast in December. Retail sales rose 0.2% last month, beating expectations for a 0.1% increase according to data from the Commerce Department. Core retail sales, which […]

Top Trade Idea For January 14th, 2014 – USD/CHF

From an Elliott Wave perspective we see USDCHF now in a pullback mode from 0.9125 where pair completed a five wave rise from 0.8800 low as shown on the 4h chart below. We know that after every five waves market will turn into the opposite direction in three legs; ideally in A-B-C waves that represent […]

GBPCHF reaches resistance and shows signs of turning

The GBPCHF pair has touched a notable ascending trend-line today and when looking on the shorter time-frames, signs are that we could see a push back towards the downside. The daily time-frame shows the pair has been trading within an ascending channel and has now reached the top of that channel. It will be quite […]

Forex: Dollar Advance to Start the Year Less Potent than Equity Tumble

Talking Points: Dollar Advance to Start the Year Less Potent than Equity Tumble Yen Crosses Plunge Drawing in Counter-Trend Trades British Pound Tumble More than a Crude Risk Response Dollar Advance to Start the Year Less Potent than Equity Tumble Though dollar bulls’ enthusiasm fell far short of the level of fear bubbling up through […]

Investors Nervous but Dollar Kicks Off 2014 with a Bang

By Kathy Lien, The U.S. dollar is trading higher against all of the major currencies this morning and kicking 2014 off with a bang. Unfortunately the sell-off in stocks is a reflection of nervousness at the start of the year.  Both the euro and Swiss Franc have been hit hard by the slowdown in Chinese […]

Swiss Franc 2014 Outlook – Status Quo

By Kathy Lien , 2013 was a great year for the Swiss Franc. Of the major currencies, it was one of the best performing, second only to euro.  The Swiss National Bank successfully maintained its 1.20 EUR/CHF peg for the second year in a row and even managed to drive EUR/CHF up 1.6%.  While EUR/CHF […]

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