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Top Trade Idea for May 6, 2015 – USD/CHF

US dollar bulls took one on the chin this morning with the release of the April ADP Non-Farm employment report. While not as widely-watched as the Friday’s marquee NFP report from the BLS, ADP’s report can still provide an accurate view of the health of the labor market, and based on this morning’s release, it […]

Pound May Prove More Responsive Than Euro to Eurozone PMI Data

Talking Points: Eurozone PMIs May Prove More Market-Moving for the Pound vs. the Euro NZ Dollar Slumps as RBNZ’s McDermott Talks Down Rate Hike Possibilities Franc Corrects Higher After Yesterday’s Aggressive SNB-Inspired Decline The preliminary set of April’s Eurozone PMI figures headlines the economic calendar in European trading hours. The region-wide composite index is expected […]

Grexit Fears Has Yields Tumbling and EUR Crosses Under Pressure

German bund yields print new record lows Grexit fears has spreads widening further Risk aversion pummels EUR crosses Commodity currencies find needed support Global yields continue to tumble, mostly on fear or lack of returns and modest growth prospects. It’s beneficial for investors to understand the relationship between various yields spreads to comprehend some of […]

Week in FX: A Wild Ride for Forex Traders

Dollar bulls require patience Norges Bank disappoints but looking to cut No clarity on currency intervention from SNB Greece remains in the frame Many are hoping that it will be a calm close to a mad week that happened to see the Federal Reserve temper enthusiasm for U.S. growth with imminent policy changes. A few […]

Swiss Franc May Rise as PPI Data Shapes Bets Ahead of SNB Meeting

Talking Points: Kiwi Dollar Outperforms as Asian Stock Exchanges Shake Off Early Losses Swiss Franc May Rise if PPI Tops Forecasts, Cooling SNB Stimulus Outlook See Economic Releases Directly on Your Charts with the DailyFX News App The New Zealand Dollar outperformed in overnight trade, rising as much as 0.4 percent on average against its […]

German Greek Standoff Dulls Forex

Greek drama continues to unfold S. front-end yields support dollar ECB’s policies squash periphery fears Fed in a position to change rhetoric Various asset classes are treading water this morning as investors await the outcomes of a couple of crunch meetings on the future of financial aid to Greece. The Greek drama continues to unfold […]

Stressed Euro, Slow China, and Growing U.S. Cause FX Problems

Market focus on consumer sector NFP breaks multi-barriers Strong buck heaps pressure on metals Market’s wary of SNB’s Jordan This week is expected to be light on the U.S. indicator front, but notable consumer sector numbers will be announced. After last Friday’s better-than-expected employment report, traders will be looking to see if the consumer sector […]

Franc Gains as ECB Shuns Greek Bonds, Pound to Look Past Static BOE

Talking Points: Franc Gains as ECB Says Greek Bonds Unacceptable as Collateral Australian, New Zealand Dollars Rise After China’s 50bps RRR Cut Bank of England Rate Decision Likely a Non-Event for the Pound The Swiss Franc outperformed in overnight trade, rising as much as 0.3 percent on average against its top counterparts. The move appears […]

Top Trade Idea For January 29th, 2015 – USDCHF

January was clearly the CHF month as the SNB dropping the 1.20 eurchf peg brought a higher chf all over the dashboard. However, I started to like the usdchf pair as from a technical point of view the whole move lower seems to be an impulsive move that ends a flat pattern on the bigger […]

Swiss Central Bank Takes Another Swipe at the EUR

SNB rumors hurts EUR Currency pairs trying to take a breather Recycle EUR’s to improve portfolio average Stateside weather postpones debt issues As most of the east coast of the U.S. focuses on the “historic” snowstorm of all proportions, rumored Swiss National Bank (SNB) action during the European session this morning has taken a swipe […]

ECB’s Draghi Cannot Afford to Lose Street Cred This Week

SNB coordinating damage control Draghi cannot afford to waiver Will the ECB “do whatever it takes?” China’s Q4 growth a little suspect Rate divergence is a major trading theme for 2015. Yet no one expected the imminent impact of varying rate policies so early in the new calendar year. For months the market has been […]

Yen Gains on Haven Flows as Chinese Stocks Drop Most in Five Years

Talking Points: Yen Gains on Haven Flows as Chinese Shares Slump on Lending Restrictions Swiss Franc Continues to Correct Lower After Last Week’s SNB-Driven Jump See Economic Releases Directly on Your Charts with the DailyFX News App The Japanese Yen outperformed in overnight trade, rising as much as 0.8 percent on average against its leading […]

SNB Causes CHF Flash Crash Game-Changer

SNB’s Jordan gets rid of EUR/CHF floor Swiss negative deposit rates effective immediately CHF cannot shake safe-haven appeal easily Last EUR buyer has no interest At least investors cannot complain as volatility remains healthy so far in 2015 despite many unknowns including if the European Central Bank’s (ECB) quantitative easing (QE) program will be tabled […]

Implications for EUR/USD, EUR/GBP after SNB Floor Collapses

Talking Points: EURCHF falls as much as 28% after SNB removes floor. Consequences for EURUSD thanks to ECB? Many, indeed. See the DailyFX Economic Calendar for Thursday, January 15, 2015. The Swiss National Bank’s decision to remove the EURCHF Sf1.2000 floor is a monumental development for FX markets. Sparing no few words, nothing more needs […]

Euro Déjà vu Again

Dollar stays top of class Market awaits Euro Court of Justice pending decision Putin’s Russia sees red S&P sees Russia in speculative grade? Capital markets’ slated agenda for the next five days will be considered rather boring compared to the events that kept all asset classes jumping last week. The U.K. and France report their […]

EUR Onwards and Downwards

Global bourses bounce on hawkish Fed EUR bears chasing the unit lower IMM Euro shorts below peak levels German manufacturing orders disappoint Risk appetite seems to have found some much needed love after yesterday’s December Federal Open Market Committee minutes indicated that Federal Reserve officials were willing to be “patient” on interest rates. Although the […]

EUR Longs Have Few Places to Hide

Euro flash prices hit negative territory Euro CPI headline and core diverge on energy German unemployment data improves sharply EUR breaks psychological €1.1860 Investors are only interested in one number this morning and that’s the Euro flash consumer-price index (CPI). Would it fall into negative territory for the first time in five years? And if […]

January Events to Keep Currency Blues Away

EUR plummets to nine-year low Single unit faces triple whammy in January Will Draghi compromise on QE? Greek ‘tragedy’ a cliff hanger The first full week of 2015 is upon us, and the markets have already heated up from their one-week holiday slumber. The next five-days are laden with crucial economic releases including key inflation […]

EUR Steady Ahead of Year’s End

Greek contagion contained Single currency broadly unchanged Spanish disinflation remains an issue Euro credit shows some improvement The collapse of the Greek government is not expected to have the same knock-on contagion effect witnessed during the ‘darkest days’ of the European debt crisis two years ago. Back then and similar to today, the European Central […]

EUR Not Bothered by Greek Outcome

Greek PM fails to acquire votes Snap Greek elections end of January Is “Grexit” a worry for EUR? EUR bear eyes €1.20 with confidence It’s a difficult week to get excited about in capital markets. Most of the necessary positional business that had to be done will have been concluded well ahead of the New […]

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