Today is Mon, September 22, 2014 22:48:38 GMT
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Week in FX Europe – Swiss Floor Not under Immediate Threat

SNB more dovish than expected Swiss floor supported by potential forex intervention SNB inflation projections lowered The Swiss National Bank (SNB) provided no major surprises in its quarterly policy review earlier this week, but the tone of its statement was probably more dovish than the market had expected. For the 13th consecutive quarter, the SNB […]

Will Scotland Be Penny Wise and Pound Foolish?

It has been a long time coming, but Scottish nationalists finally get to vote for independent statehood today. A “Yes” or “No” win cannot be guaranteed, but rest assured, the market will need to brace itself for some sharp sterling swings no matter the outcome. Rumor, innuendo, and early exit polls will be keeping global […]

Markets Brace for More Volatility on ECB TLTRO, Scotland Referendum

Talking Points: Franc May Decline if SNB Threatens to Expand Anti-Deflationary Measures Euro Could Bounce as Strong TLTRO Uptake Cuts Stimulus Expansion Bets Pound Volatility in the Cards as Scotland Independence Referendum Looms The FOMC monetary policy announcement fueled sharp volatility across currency markets but this marked just the beginning of a marathon of tectonic […]

Dollar Checks Back in Anticipation of FOMC Decision

Talking Points: Dollar Checks Back in Anticipation of FOMC Decision British Pound Volatility but Noncommittal After Inflation Report Euro Traders Will React to Fed and then ECB Dollar Checks Back in Anticipation of FOMC Decision This week’s top event risk is upon us. The Federal Reserve’s monetary policy meeting carries deeper meaning than just a […]

Pound May Pay Little Heed to UK CPI with Scotland Vote in Focus

Talking Points: Pound Unlikely to Find Lasting Fuel in UK CPI with Scotland Vote in Focus US Dollar Volatility Risk Favors the Downside as PPI Report Lines Up Ahead See Economic Releases Directly on Your Charts with the DailyFX News App Augusts’ UK CPI data headlines the economic calendar in European hours. Expectations call for […]

Dollar and Sterling Get Direction

Strap in and be prepared for opportunities, as this is a big week for investors and capital markets. Geopolitical events, a few central bank meetings, and the Scottish referendum are supporting the recent uptick to both volume and volatility, especially in the forex asset class. The U.S. dollar remains king, as both the currency and […]

Week in FX Europe – Sterling Bulls and Russian Bears Remain Active

Scottish “No” picks up momentum Sterling tries to fill in plummeting gap Russian Bear is not endangered Sterling is closing out the week holding on to its late Thursday’s gains (£1.6250) after another poll on Friday morning revealed a stronger “No” count for Scottish independence. The September 11 Survation online poll for the Daily Record […]

Dollar Looks to Fed to Secure Strongest Run in Half a Century

Talking Points: Dollar Looks to Fed to Secure Strongest Run in Half a Century British Pound Edges Higher as Market Digests Shift in Scotland Sentiment Euro Focus Still on ECB Policy, But Sovereign Bond Yields are Rising… Dollar Looks to Fed to Secure Strongest Run in Half a Century Friday is opening once again green […]

Forex: 10 Market-Moving Events Overnight

Who Wants Independence? Scottish referendum fever continues to grip market price action. European bourses (Stoxx Euro 600 +0.4%, FTSE 100 +0.2%) have been thrown a lifeline, helped by the most recent poll on Scottish sovereignty which shows a lead for those in favor of remaining in the U.K. Gains for GBP (£1.6245) are expected to […]

It’s Sink or Swim for Sterling

This morning, European equities are on the back foot, taking their lead from the slide in Asia and North America in the overnight sessions. European bourses are on the verge of forgoing all recent gains earned after the European Central Bank (ECB) President Mario Draghi’s surprise rate cut last week. Not helping investors’ risk appetite […]

Dollar Rally Shifting from Schadenfreude to Inherent Fundamentals

Talking Points: Dollar Rally Shifting from Schadenfreude to Inherent Fundamentals British Pound: Will BoE Testimony Do More Than Carney’s ‘Spring Hike’ New Zealand Dollar Paid Penance for a Mere Pause in RBNZ Hike Regime? Dollar Rally Shifting from Schadenfreude to Inherent Fundamentals Over the past few months, the Dollar’s fundamental landscape has developed unevenly. Yet, […]

Fed, ECB and Scotland Make FX Interesting

The mighty dollar is basking in glory right across the boards, egged on by investors speculating that the Federal Reserve will strike a less dovish tone in its next policy statement on September 17. Also aiding the buck’s cause is the uptick to risk-aversion trading sparked by uncertainty over Scotland’s upcoming independence vote taking place […]

USD/JPY May See 110.00, USD/CAD 1.1200 Over Coming Weeks

Talking Points: USDJPY breakout valid above NFP swing low of 104.65/70. USDCAD breakout, inv H&S begins above 1.1100. Euro Punished by ECB’s New Measures as QE Remains on Hold The US Dollar has mainly benefited against the European currencies the past several weeks – it may be time for gains to develop elsewhere. The most […]

EUR Supported By Plummeting Pound

Fleet-footed Mario Draghi deserves the plaudits for the aggressive actions undertaken last week. The European Central Bank’s (ECB) surprise rate cut has led to some serious volume spikes in forex trading — volume and volatility provides opportunity, something that has been amiss for far too long with this asset class. More importantly, the ECB chief […]

British Pound Sinks as Scottish Independence Poll Fuels Capital Flight

Talking Points: British Pound Sinks as Scottish Independence Poll Sets Off Capital Flight Swiss Franc May Decline if August Inflation Data Falls Short of Forecasts See Economic Releases Directly on Your Charts with the DailyFX News App The British Pound tumbled against all of its major counterparts to start the trading week, losing as much […]

Week in FX Europe – ECB’s Super Mario Cuts and Introduces ABS

The European Central Bank (ECB) came, delivered, and made a difference this week. Investors and dealers were positioned for further disappointment from eurozone policymakers, but what “Super Mario” (read: ECB chief Mario Draghi) did has had a far greater impact on the market. The ECB made a bold move to avert eurozone deflation and growth […]

Trade Setups in EUR/JPY, EUR/GBP, EUR/USD Before and After ECB

Talking Points: EURUSD support found near September 2013 swing lows. ECB might unveil ABS-program but not Fed-styled QE. Euro bears shouldn’t expect QE from ECB this week. The day of reckoning has arrived for the European Central Bank, after what has been a tnese build up in expectations the past week-plus after President Mario Draghi’s […]

Dollar’s Strong Rally Finds EURUSD, S&P 500 Unresponsive

Talking Points: Dollar’s Strong Rally Finds EURUSD, S&P 500 Unresponsive Euro Firms Outside of EURUSD, Surge in Investor Appetite British Pound Collapses Despite Data Dollar’s Strong Rally Finds EURUSD, S&P 500 Unresponsive The return of North American liquidity seemed to bring with it a strong demand for the dollar. The Dow Jones FXCM Dollar Index […]

EUR Labors Ahead of ECB and NFP – Is There More Room to Fall?

This is expected to be a tough week for investors. Central bank rate decisions mixed in with North American jobs reports will dominate the capital markets risk landscape. Thus far, it’s no surprise to see European markets maintain a cautious tone after the North American long holiday weekend. Investors are keeping an eye on the […]

Australian Dollar Confronts an RBA Decision with Heavy Speculation

Talking Points: Dollar Traders Look Ahead to a Rebound in Liquidity and Pick Up in Data Euro Economic Health Fades Further, Investors More Expectant of ECB Australian Dollar Confronts an RBA Decision with Heavy Speculation Dollar Traders Look Ahead to a Rebound in Liquidity and Pick Up in Data As far as holiday trading conditions […]

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