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Top Trade Idea for April 24th, 2015 – EUR/GBP

The Euro recently dropped out of a double top pattern against the Pound. Since moving below the double top support (“B”) , it has fallen by an amount almost exactly equivalent to 61.8% of the pattern height. 61.8% is the Fibonacci ratio and it’s quite common for price to stop at this point after completing […]

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 […]

BoE: A Coin Toss on Direction of Next Rate Move

The Bank of England went into self-imposed purdah when the election was called in late March, so the release of the minutes of the April meeting of the monetary policy committee provides the first hint of current thinking inside Threadneedle Street for some weeks. The message from the minutes is modestly hawkish. Sure, the vote […]

British Pound May Rise as BOE Meeting Minutes Reboot Rate Hike Bets

Talking Points: British Pound May Rise as BOE April Meeting Minutes Reboot Rate Hike Bets Aussie Dollar Gains as Core CPI Unexpectedly Rises, Firming RBA Outlook See Economic Releases Directly on Your Charts with the DailyFX News App The release of minutes from April’s Bank of England policy meeting headlines the economic calendar in European […]

EUR-crosses Begin to Lose Traction at Start of Week

Talking Points: EURUSD‘s only bullish appeal rooted in stretched positioning. EURGBP, EURJPY technical structures remain fairly weak. See the April forex seasonality report. The Euro has once again started to slip back thanks to its deflating yield appeal and advancement along the path of a funding currency. As the differential between the short-end and the […]

Top trade idea for April 16th, 2015 – GBPCAD

What I am targeting here is nothing but a rising wedge for the gbpcad cross as the 2-4 trend line of the bigger degree impulsive move has been broken yesterday. Actually it is quite interesting as the spike higher yesterday has been sold aggressively on Bank of Canada being quite pleased with the way the […]

Dollar Skittish Below 12 Year High Risk, Monetary Policy Themes Heat Up

Talking Points: Dollar Skittish Below 12 Year High Risk, Monetary Policy Themes Heat Up Euro: What Should we Expect from the ECB, Greece Today? Australian Dollar Holds Precarious Floor after Chinese GDP Hits 6-Year Low Dollar Skittish Below 12 Year High Risk, Monetary Policy Themes Heat Up With the USDollar testing the 12-year highs established […]

Will U.S Retail Sales Test New EUR Lows?

Yen looking for cross currency support K. narrowly avoids deflation S. retail sales to test EUR 12-year lows German bunds trade sub-0.14% There comes a time when trading in stretched forex markets, you do need to be patient when trying to pick a winning trade. When bored, most investors tend to disregard both fundamental and […]

USD Breakout Contingent on Retail Sales, Tone at ECB Meeting

Talking Points: EURGBP double top in question; GBPAUD holds in triangle. EURUSD breakdown obstacles include US retail sales, ECB.- See the April forex seasonality report. The GBP-crosses have yet to offer clear direction, while several USD-pairs need today’s spending data to confirm their recent breakouts. See the above video for technical considerations in EURUSD, GBPUSD, […]

Pound, Dollar to Rise if UK CPI and US Sales Data Boost Rate Hike Bets

Talking Points: British Pound May Rise if Upbeat Core CPI Figures Boost BOE Rate Outlook US Dollar to Extend Advance if Retail Sales Data Drives Fed Rate Hike Bets 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 […]

Top Trade Idea For April 13th, 2015 – GBP/NZD

GBP/NZD is our preferred trade setup as we start off trading this week, with the pair testing resistance as of late. Indeed, our preferred bias is for a 4 hour break and close above this topside ceiling, which in our opinion will lead to higher levels towards 2.0020 – 2.0420 so long as pivot support […]

USDOLLAR Index Triangle Finding Resolution Higher

Talking Points: USDOLLAR Index trades through key former swing high of 12093. EURUSD breakdown sees post-FOMC lows broken. See the April forex seasonality report. As interest rate expectations were decimated in the wake of the March FOMC meeting and March NFP report, the US Dollar’s bull run had taken a backseat to the short-term influences […]

How Do FOMC Minutes Fit in with USDOLLAR’s Ongoing Triangle?

Talking Points: EURUSD loses post-March FOMC uptrend, but still rangebound. USDCAD back into middle of range after holding C$1.2350/2400. See the April forex seasonality report. The USDOLLAR Index is testing the topside of its triangle resistance as ST indicators turn higher. However, on a day and in a week where the economic calendar (in particular, […]

Dollar Rebound Attempts to Revive Trend as Fed Minutes Massage Rate Speculation

Talking Points: Dollar Rebound Attempts to Revive Trend as Fed Minutes Massage Rate Speculation Euro: Confusion Over Greece Situation Leaves Results in QE Complacency Australian Dollar Rally Limited After RBA Leaves Rate Unchanged Dollar Rebound Attempts to Revive Trend as Fed Minutes Massage Rate Speculation The Dollar was thoroughly trounced Friday after the severe miss […]

Dollar Rally Cools as Traders Eye U.S. Jobs Data

Street looks to NFP for support Weak EUR positions beginning to panic Private payrolls not necessarily a good measure for NFP Holidays have liquidity trading at a premium The pace of the greenback’s rally has been the fastest in over 40 years. For some investors, the danger is that the dollar’s move has been too […]

Dollar Flat Before U.S. Jobs Report

USD dips before NFP European PMIs fail to disappoint Greece’s time is running out Central banks to rundown EUR reserves further With month-end, quarter-end, and a plethora of equity and forex option expiries now officially out of the way, investors will sit tight and wait for Friday’s U.S. nonfarm payrolls (NFP) release. Dollar bulls are […]

Next Leg Lower in EUR-crosses in Focus after Weaker CPI

Talking Points: EURUSD breaks below key $1.0800 support, now eyes $1.0612. EURGBP, EURJPY lose respective uptrends from March lows. See the March forex seasonality report for trends in the QE-era. Short-term technicals are realigning with longer-term bearish inclinations across the EUR-complex. EURUSD’s H4 MACD and Stochastic bearish crossovers have appeared alongside price losing its uptrend […]

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 […]

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