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Contagion Contained as Euro Rebounds Post-Greek Elections

Talking Points: EURUSD hits fresh 11-year low below $1.1100 before rebounding. Non-EUR: NZDUSD looks vulnerable w/ FOMC, RBNZ on Weds. See the DailyFX Economic Calendar for Monday, January 26, 2015. One can’t help but think that part of the ECB’s motivation to get its QE program off the ground last week was to buffer financial […]

Dollar Charges Higher as Policy Contrast Draws Focus to Fed

Talking Points: Dollar Charges Higher as Policy Contrast Draws Focus to Fed Euro Suffers Biggest Drop in Three Years on Massive ECB QE British Pound: Will 4Q GDP Forecasts Revive BoE Rate Forecasts? Dollar Charges Higher as Policy Contrast Draws Focus to Fed While this past session’s top event risk – the ECB’s stimulus announcement […]

T-Minus 0: Trade Setups in EUR as ECB Prepares for QE Liftoff

Talking Points: H4 close above 1.1640 could see big short covering in EURUSD. EURGBP breakdown remains valid below 0.7750. See the DailyFX Economic Calendar for Thursday, January 22, 2015. The moment we’ve all been waiting for since early-December has finally arrived. Will speculation around the ECB live up to the hype? The Hype The European […]

Battle of the Central Banks: ECB, BoJ, BoC and a Surprise BoE

CB’s cut growth and inflation forecasts ECB’s Nowotny: ‘meeting nothing to get excited about’ BoE Hawks find the fold Poloz has market doing all the work Despite the Bank of Japan (BoJ) Governor Haruhiko Kuroda, the Bank of Canada (BoC) Governor Stephen Poloz, and the Bank of England’s (BoE) Monetary Policy Committee (MPC) votes taking […]

T-Minus 1: Setting EUR Expectations for Tomorrow’s ECB Meeting

Talking Points: EURUSD maintains trend structure from December 17. EURGBP triangle remains valid below 0.7750. See the DailyFX Economic Calendar for Wednesday, January 21, 2015. The hurdles for tomorrow’s ECB meeting are rather high. Evidence of incoming action has undoubtedly cropped up, with reasons for a massive stimulus program coming from all angles: The European […]

Top Trade Idea For January 21st,2015 – GBP/USD

The two dissenters at the Bank of England finally changed their minds, meaning the MPC voted unanimously for interest rates to remain on hold at the first policy meeting of 2015.  Minutes from the MPC’s last meeting, held earlier this month, have revealed that Martin Weale and Ian McCafferty both dropped their calls for a […]

Currency War Debate Alive after CHF Crash

Currency Wars are alive and kicking Expect NCB’s to deviate from ECB’s path SNB – last CB standing Can Draghi deliver next week? The global currency war continues to rage no matter what central bankers tell us. The Swiss National Bank’s (SNB) dramatic move yesterday is probably a sign of things to come throughout the […]

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 and EZ Capital Market Investors Watch Important ECB Court Ruling

Talking Points: Dollar Weighs Growth Forecast Upgrade, FOMC Fodder and Active Counterparts Euro and EZ Capital Market Investors Watch Important ECB Court Ruling Pound Mixed After Headline CPI Hits 15-Year Low Dollar Weighs Growth Forecast Upgrade, FOMC Fodder and Active Counterparts The Dollar struggled for both direction and conviction this past session, but the fundamental […]

Top Trade Idea – GBP/USD

Good day traders! In today’s article we will focus on GBPUSD which is still in a very strong downtrend as shown on the daily chart below. In fact, bearish swings got some strong momentum lately from 1.5600 area so looks like there is room for more losses ahead. As traders, there is now reason to […]

EUR Bucks Rate Message, Waits for ECJ

Loonie plagued by plummeting crude EUR bucks spread market message European Court of Justice takes center court A tale of opposing CPI’s Currently, there are many moving parts in capital markets that have investors bracing themselves for an extended clear out at a moment’s notice. The knock-on effect throughout the various asset classes from plummeting […]

Moves in EUR/GBP, EUR/USD Coming; GBP/CAD, NZD/USD Next

Talking Points: EURUSD sees alignment in MACD, Stochastics on H4, daily. EURGBP triangle floor proves strong as resistance. See the DailyFX Economic Calendar for Tuesday, January 13, 2015. News flow is heating up right now but a lot of it is worth ignoring – at least, that’s what the market is telling us. UK inflation […]

What Will the Dollar Do after NFP?

Market is dollar bulled up ahead of NFP Consensus looks for +250k payroll print S unemployment rate expected to improve An NFP miss or consensus to hurt dollar There is no doubt about it, the dollar is king. There are many positives supporting it whether it’s U.S. growth, rate divergence, an upbeat Federal Reserve or […]

USD Strength Persists Post-FOMC Despite Potential Headwinds

Talking Points: EURUSD trades under $1.1780 after seeing $1.1850 post-FOMC. EURGBP backtest of triangle may be complete. See the DailyFX Economic Calendar for Thursday, January 8, 2015. The Fed did little to dissuade US Dollar bulls with the release of its December minutes yesterday, despite developments in markets over the past few months that could […]

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 […]

Dollar Torn Between 19-Month Low Treasury Yields and S&P 500 Tumble

Talking Points: Dollar Torn Between 19-Month Low Treasury Yields and S&P 500 Tumble Euro Can’t Catch a Break as Docket Holds CPI, Jobs, Greece Auction Yen Crosses Suffer Biggest Drop in Over Four Years Dollar Torn Between 19-Month Low Treasury Yields and S&P 500 Tumble The scent of fear hangs heavy in the air. While […]

Is the EUR Bear Becoming Impatient?

Volatility has yet to take a breather Global record low yields the new norm Low yields favor the dollar EUR bear itching to sell more The market has yet to take a breather early in this New Year, basically carrying on where it left off in the fourth quarter of 2014. Traders and dealers are […]

US Dollar at Risk of Deeper Losses if Soft ISM Undermines Fed Outlook

Talking Points: US Dollar May See Deeper Losses as Soft ISM Data Weighs on Fed Outlook British Pound May Stabilize as PMI Figures Arrest Slide in BOE Expectations See Economic Releases Directly on Your Charts with the DailyFX News App The US Dollar broadly declined in overnight trade, falling as much as 0.4 percent on […]

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 […]

Week in FX – Dollar Demand Intensifies

CB rate divergence on solid footing EUR flirts with five-year lows GBP stumbles on weaker manufacturing Euro periphery spreads hit post-EMU lows Two-days into 2015 and the Capital Market theme remains the same, the mighty dollar is starting the New Year on firm footing. The dollar index (90.70) is flirting again with a new nine-year […]

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