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EUR/USD – Euro Slips from Lofty Heights

Street waits for Yellen this afternoon Middle East Tensions subside Forex liquidity remains at a premium Market trying to avoid lopsided trades over Q1 end U.S. dollar buyers are back with a vengeance as the street waits to close out the week once U.S gross domestic product data has been released this morning, and more […]

Post-FOMC Levels Holding USD for Now; JPY-crosses Begin Breakdown

Talking Points: USDOLLAR Index struggling at post-FOMC low, daily 34-EMA. USDJPY wipes out below 119.25, contrary to March seasonality. See the March forex seasonality report for trends in the QE-era. The Japanese Yen is defying its seasonal tendancies right now, which could set up an interesting month of April. Typically, at least over the past […]

EURO Marches Higher

EUR bulls need a €1.1000 close for confidence S. inflation remains benign German growth solid in Q1 on QE Hungary’s central bank surprises The euro is inching higher on Wednesday versus the U.S. dollar. Given the forex market’s current run of unpredictable moves, only time will tell if the single unit is capable of taking […]

Dollar Staves Off Another Reversal Risk

Talking Points: Dollar Staves Off Another Reversal Risk Euro Focus Turning from QE Back to Greece British Pound Stumbles After Inflation Stalls for the First Time Dollar Staves Off Another Reversal Risk The Dollar took another stab at turning its eight-month bull trend this past session. However, this time around, there wasn’t a FOMC rate […]

Dollar Bulls Squeezed by European Data

Fed’s normalization data dependent Dollar longs feel the squeeze Eurozone PMIs continue slow recovery EUR bulls break €1.1000 look for €1.1200 The dollar bull has been suffering greatly since last week’s dovish Federal Open Market Committee meet. The market’s conviction that the USD can rally from here has certainly taken a pounding, but they have […]

US Dollar, Pound May Fall as Soft Inflation Dents Rate Hike Bets

Talking Points: US Dollar, British Pound May Fall as Soft CPI Figures Dent Rate Hike Bets Limited ECB Policy Impact to Contain Euro Follow-Through on PMI Data See Economic Releases Directly on Your Charts with the DailyFX News App February’s UK CPI data headlines the economic calendar in European trading hours. The core year-on-year inflation […]

Corrective Bias Takes Shape Across USD-Spectrum

Talking Points: EURUSD poised for test of key 1.0905 level. GBPUSD must clear and hold 1.4995 before further gains possible. See the March forex seasonality report for trends in the QE-era. The start of the week has brought about more pressure on the US Dollar across the board, with traders continuing to close out long-held […]

Commodity Dollars Rise as Yen Gains on Firming Risk Appetite

Talking Points: Commodity Dollars Aim Higher as Yen Falls Amid Firming Risk Sentiment British Pound Declines, Newswires Cite Dovish BOE Rhetoric as Catalyst See Economic News Directly on Your Charts with the DailyFX News App The Australian, Canadian and New Zealand Dollars outperformed in overnight trade as firming risk appetite fueled demand for sentiment-geared FX. […]

The Dollar Meltdown and Rebound – What Did the Fed Do?

Talking Points: EURUSD trades back under 1.0700 after seeing 1.1000 yesterday. USDCAD finds triangle support, trades back to daily 8-EMA. See the March forex seasonality report for trends in the QE-era. Yesterday produced the largest single-day rally in EURUSD since October 27, 2011, at the height of the Euro-Zone crisis. Subsequently, that also marked the […]

Dollar Volatility and Trend Risks to FOMC Decision Very Different

Talking Points: Dollar Volatility and Trend Risks to FOMC Decision Very Different Euro Stimulus Put Immediately to the Test as Greece Troubles Simmer New Zealand Faces GDP and the Market’s Monetary Policy Forecasts Dollar Volatility and Trend Risks to FOMC Decision Very Different It is finally upon us. The Federal Open Market Committee’s (FOMC) March […]

Stage Set for EUR Short Covering Move Around FOMC?

Talking Points: EURUSD breach of 1.0680/85 sets move towards 1.0905. EURGBP H4 MACD move through signal line signals ST bottom. See the March forex seasonality report for trends in the QE-era. This week’s FOMC reading is far and away the most important event on the calendar for the EURUSD, and even if the Fed drops […]

Week in FX – Dollar Parity Beckons as Euro Steadies

Euro on course to hit parity with USD S. retail sales data disappoints Investors await next week’s FOMC meet This past week was supposed to be relatively quiet in the currency markets. However, it was not to be once the European Central Bank (ECB) chief outlined when the eurozone’s quantitative easing (QE) program would begin. […]

Top trade idea for March 12th, 2015 – GBPCAD

The chart above is the gbpcad cross and we are talking about a bearish scenario for it. The reason for it is purely technical as market ended a five waves structure at the highs and now we should correct all the way to 1.83 area. Not only that we have a target in price, but […]

Dollar Extends 11 Year Highs, Equities Tumble…It’s Not a Coincidence

Talking Points: Dollar Extends 11 Year Highs, Equities Tumble…It’s Not a Coincidence Euro Traders Have to Worry About Greece Again New ZealandDollar Faces RBNZ – Will They Follow RBA, BoC? Dollar Extends 11 Year Highs, Equities Tumble…It’s Not a Coincidence Over the past months, the Dollar and US equities have developed an unusual positive correlation. […]

EUR Buckles as Eurozone Yields Set Records

Euro yields pressure the single unit Rate divergence has dollar on a global move September 2003 EUR lows penetrated Dealers and investors are happy to walk the 19-member single unit down, and through the medium-term target, the September 2003 lows atop €1.0762. There is no fuss, no sense of urgency, just a matter-of-fact move lower […]

EUR/USD, EUR/GBP Trends Firm; EUR/JPY, USD/CAD Test Breakout Levels

Talking Points: Trend structure for EUR-pairs clear: watch 8-EMA and H4 MACD. USDCAD moves to February 24 swing high in symmetrical triangle. See the March forex seasonality report for trends in the QE-era. On day two of the ECB’s new QE program, the Euro has taken a spill right from the get-go of European trading. […]

Preview for NFPs and Trade Setups in USD-pairs

Talking Points: EURUSD momentum firmly lower, in ‘sell the rally’ mode. USDCAD breakout requires patience – in either direction. See the DailyFX Economic Calendar for Friday, March 6, 2015. The recent swell of volatility will reach its stunning conclusion for the week today at 08:30 EST/12:30 GMT, when arguably the most important data release for […]

Will Super Mario Stand and Deliver on QE?

Will Draghi change market’s assessment of QE? QE program details expected USD on a high as European yields tank EUR positioning pushes currency to new lows Markets are waiting to scrutinize European Central Bank (ECB) President Mario Draghi’s every word in a couple of hours. Investors and dealers want to know if he will say […]

Trade Setups in EUR-crosses and Expectations for ECB Meeting

Talking Points: Momentum remains firmly lower in EURGBP, EURUSD. ECB checklist: Greece; modalities of QE; economic projections. See the DailyFX Economic Calendar for Thursday, March 5, 2015. The ECB meeting today presents itself as both a placeholder and a weigh-station of sorts. As a placeholder, we already know that the ECB is moving forward with […]

Week In FX – Fed Gives Nothing Away, Dollar in Demand

Fed sticks to lower for longer S CPI an excuse to buy more dollars Fed September hike fully priced in Central Banks rate announcements dominate proceedings As to be expected, the Fed dominated this past week. Although the markets did not get the anticipated price moves when Yellen was giving her testimony on the ‘hill’, […]

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