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Top trade idea for October 2nd, 2015 – GBP/AUD

Australia is one of those countries where England is referred to as “the old enemy”. These days, thankfully, the reference is usually confined to sporting contents. Over the weekend, Rugby World Cup hosts the English Red Roses will play against the Australian Wallabies. We turn to GBP/AUD to determine a winner. No doubt there will […]

FX: Final Quarter, But Same Rules Apply

For equities in particular, Q3 ended yesterday solidifying their worst quarterly performance in four-years. In the three- month period, global stocks lost over -$11T in value. In forex, trading ranges have been relatively contained as investors continue to seek central bank directional guidance. Nonetheless, the investing rules are not about to change in the home […]

Pound May Extend Drop as Soft PMI Data Trims BOE Rate Hike Bets

Talking Points: British Pound May Extend Drop as Soft PMI Data Trims BOE Rate Hike Bets US ISM May Set Precedent for Risk Trends’ Response to Shifting Fed Outlook See Economic Releases Directly on Your Charts with the DailyFX News App UK Manufacturing PMI data headlines the calendar in European trading hours. The gauge is […]

Pound at Risk on UK GDP Revision, US Dollar May Rise on Fed-Speak

Talking Points: British Pound Seems to be Biased Downward on Final 2Q UK GDP Figures US Dollar May Rise if Fed Commentary Bolsters 2015 Rate Hike Probability See Economic Releases Directly on Your Charts with the DailyFX News App The sentiment-geared Australian and New Zealand Dollars outperformed while the safety-linked Japanese Yen faced selling pressure […]

Pound Eyes Carney Comments, Risk Aversion Poised to Continue

Talking Points: Euro Unlikely to Find Lasting Follow-Through in German Inflation Figures British Pound Looks to Carney Comments for Cues After Hitting 5-Month Low See Economic Releases Directly on Your Charts with the DailyFX News App Risk aversion continued to dominate financial markets in overnight trade. The sentiment-geared Australian and New Zealand Dollars plunged alongside […]

USD in Yellen’s Good Graces – Rate Hike in 2015 Still Eyed

Talking Points: Fed Chair Yellen outlines plan to raise rates in 2015. US Dollar broadly supported, including USDJPY. See the September forex seasonality report. A quiet end to a quiet week on the economic calendar has left markets sensitive to commentary from central bank officials, and price action overnight didn’t disappoint in that regard. With […]

USD/JPY’s Triangular Coil Sets it Apart from Other USD-pairs

Talking Points: USDJPY and the S&P500 are tied at the hip. USDOLLAR Index’s latest burst higher fueled by AUDUSD, GBPUSD. See the September forex seasonality report. We’re halfway through the week, and to be frank, it’s a boring week on the economic calendar. There are only two “high” importance events this week, and while neither […]

Top trade idea for September 23rd, 2015 – GBP/AUD

The inimitable New York Yankees catcher, Yogi Berra, passed away today. Beyond his impressive baseball record, including 10 World Series rings and three Most Valuable Player (MVP) awards, Berra was also known for his humorous one-liners, affectionately called “Yogisms.” In honor of Berra’s memory, we’d like to analyze GBP/AUD through a series of Yogisms: “Nobody […]

Top trade idea for September 17th, 2015 – EURGBP

Today being the Fed day, in the sense that FOMC statement and press conference to follow will strongly influence markets, our suggestion is to focus on a pair that is not US dollar driven, a cross, namely the eurgbp cross. I am hunting here an impulsive move to the upside that should travel maximum until […]

US CPI Data Could Sway Fed Decision

A positive session in Europe and Asia overnight, including a strong rally in China, is failing to lift U.S. futures ahead of the opening bell on Wall Street on Wednesday. It appears that tomorrow’s Federal Reserve decision is possibly weighing on risk appetite in the U.S.. Risk aversion is not unusual ahead of such a […]

Tight But Whippy Trading Expected Ahead of Fed Announcement

Forex traders can expect tight range bound, but whippy trading, to continue until tomorrow afternoons Fed announcement (2pm EDT). Dealers are now bracing themselves for some sharp post statement swings no matter what the message will be. Despite the “standing pat” leading the vocal charge, it remains a coin toss on the outcome. Nevertheless, should […]

US Dollar May Rise if Inflation Data Boosts Fed Rate Hike Bets

Talking Points: Aussie Dollar Gains Alongside China’s Shanghai Composite in Asia Trade US Dollar May Rise After Overnight Dip as CPI Boosts Fed Rate Hike Bets TrackEconomic News Directly on Your Charts with the DailyFX News App The Australian Dollar outperformed in overnight trade in a move tracking a surge in the Shanghai Composite stock […]

Top trade idea for September 16th, 2015 – EUR/GBP

Contrasting data from the UK and Eurozone has caused the EUR/GBP to turn sharply lower and the cross now appears to be on the verge of a much larger sell-off as the focus returns to the growing disparity of monetary policy between the ECB and the BoE. According to the Office for National Statistics (ONS), […]

GBPUSD – Big Technical Resistance Being Tested

Cable is rallying again on Thursday on the back of minutes from the Bank of England that have been perceived to be hawkish but in reality were actually rather neutral. Regardless of the reason behind the rally, the pair is trading in a key resistance area – 1.5425-1.55 – and could possibly break above.There is […]

FX Waits For The “Old Lady” For Direction

View from the FX Dean: Thursday September 10, 2015 Currency prices continue to be held captive by central banks monetary policy expectations and decisions (this week’s BoC, BoE and RBNZ and next week’s BoJ, SNB and Fed) and by global equity prices moves influencing either risk ‘on’ or risk ‘off’ trading strategies. Current market volatility […]

Pound May Fall if Hawkish Bank of England Minority Does Not Grow

Talking Points: British Pound May Decline if Hawkish BOE MPC Minority Does Not Expand Aussie Dollar Erases Intraday Losses as Jobs Data Trims RBA Rate Cut Bets NZ Dollar Slumps on Dovish RBNZ Rhetoric, Yen Drops After 5yr Bond Sale A monetary policy announcement from the Bank of England headlines the economic calendar in European […]

Top trade idea for September 9th, 2015 – GBP/CAD

Kicking off the upcoming onslaught of central bank meetings, the Bank of Canada opted to leave interest rates unchanged at 0.50% today, as widely expected. Some economists and traders were speculating that the central bank would surprise traders with another unanticipated cut, but the recent recovery in oil prices and solid economic data from the […]

GBPUSD – Strong Rally Running Into Big Resistance

Cable has had a very strong start to the week, up 1.37% as we approach the end of the morning session in Europe. However, I’m not yet convinced it can maintain this momentum with some big resistance levels lying ahead.The first potential area of resistance comes between 1.5425 and 1.5450 which has recently offered support […]

M&A Activity Squeezes Sterling Positions

View from the FX Dean: Tuesday September 8, 2015 M&A news has led to short sterling positions being squeezed. The pound has rallied for a second consecutive day, pulling away from last Friday’s four-month low outright (£1.5163), supported by improved risk sentiment in global markets and on the news that a Japanese insurer was buying […]

EUR, JPY Dip as Rebound in Risk Sentiment Lifts AUD, CAD

Talking Points: EURUSD slides back towards $1.1150. AUDUSD covering rally takes it back to its daily 5-EMA. See the September forex seasonality report. The key reversal that appeared on the USDOLLAR’s H4 chart yesterday has proved to be the marking of a short-term top, with the broader gauge of greenback strength slipping back to its […]

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