Today is Fri, August 29, 2014 20:47:21 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook

Trade Of The Day For August 29th,2014 – AUD/JPY

Despite the wishes of RBA Governor Glenn Stevens, the AUD continues to defy gravity. Lower commodity prices should see lower terms of trade, and a lower Aussie, yet the currency continues to frustrate short sellers. Eventually, USD strength as stimulus is withdrawn should see a lower AUD/USD. But the AUD/JPY chart is telling a different […]

Will Geopolitical Events Trump EUR’s Postponed Downfall?

What will come of the weak EUR bear position holders as the 18-member single unit trades up through the psychological €1.3200 handle? Clouding some of this morning’s price action will be month-end demand but with word that Russian forces have seized a coastal town inside of Ukraine on Thursday morning, geopolitical risk is once again […]

EUR Demise Supported By Record-Low Peripheral Yields

This Friday cannot come soon enough for some forex market participants. So far this week, investors have been starved for fundamental data to back their currency positions. Many have had to make do with last week’s central bank rhetoric for direction. The currency positioning play has been agonizingly slow to watch and the current market […]

Dollar Hits 12-Month High Versus Euro, S&P 500 Crosses 2000

Talking Points: Dollar Hits 12-Month High Versus Euro, S&P 500 Crosses 2000 Euro Sinks as Market Rate Slides to Record Low USDJPY Climbs for a Seventh Straight Day Dollar Hits 12-Month High Versus Euro, S&P 500 Crosses 2000 Where were the balloons? The S&P 500 marked yet another milestone in its line of records by […]

US Dollar Eyeing Durable Goods, Consumer Confidence Data to Fuel Rally

Talking Points: Japanese Yen Rebounds as Nikkei 225 Decline Boosts Safe-Haven Demand US Dollar Eyeing Durable Goods, Consumer Confidence Data to Fuel Gains See Economic Releases Directly on Your Charts with the DailyFX News App The Japanese Yen outperformed, rising as much as 0.2 percent on average against its leading counterparts. The move lower tracked […]

Trade Idea For August 25th,2014 – USD/NOK

Over the past few weeks, USD/NOK (Norwegian Krone) has fallen almost 3% from almost 6.31 to 6.13. The subsequent pullback from 6.13 has also been weak only reaching 6.20. As we feel it should reach 6.22-6.24, we’ll discuss a way to place a trade allowing for the fact that we’re unsure which form the correction […]

Top Trade Idea For August 24th, 2014 – EUR/JPY

The August holidays seemed to have just gone by while the end of the month is fast approaching but most anticipation through market sentiments are focused on both the Euro zone’s deteriorating economic situation versus a more positive outlook for the US right after Yellen’s and Draghi’s speech at Jackson Hole last week. What would […]

Will Jackson Hole Be A Currency Event?

There’s chatter in the market that the two-day central bank symposium getting underway in Jackson Hole, Wyo., today could be a currency event, another type of Plaza Accord. Up until now, the market had been solely on the lookout for any hawkish comments from Federal Reserve Chair Janet Yellen’s presentation at the forum tomorrow to […]

EURJPY upside looking towards key inside trendline

The recent downturn in EURJPY has been reversed, with price now rising towards a major trendline. Should this trendline provide a spark, this could be the eighth  time that this same line has held. The weekly chart shows that this inside trendline has been absolutely key to price action for over a year, providing both […]

Dollar Rally Forces EURUSD and USDJPY Breaks

Talking Points: Dollar Rally Forces EURUSD and USDJPY Breaks British Pound Surprised by BoE Hawks, But Doesn’t Turn Euro Traders Ready for Another Round of Economic Data Dollar Rally Forces EURUSD and USDJPY Breaks Between two days of key event risk, it seemed that the US Dollar was due a period of moderation. However, this […]

Top Trade Idea For August 20th,2014 – USD/JPY

USDJPY: navigating central bank risk The Jackson Hole conference of central bankers may not be everyone’s idea of a barrel of laughs, but it can be big news for your portfolio. In the past, central bankers have used these speeches to announce changes in monetary policy; this is where Ben Bernanke first announced the prospect […]

USDOLLAR Clears Resistance but for How Long?

Talking Points: EURUSD back-to-back inverted hammers, inside days = coiling. USDCAD could fall to 1.0815 support again. August is a seasonally favorable month for the US Dollar in the QE era. The US Dollar has had a strong run over the past few weeks, with the bull flag originating on July 31 producing new highs […]

Short-EUR Position Plays Require Patience

New dynamics are now entering the fray. Prior to this week, capital markets were beginning to buy into the notion the Bank of England (BoE) would initiate a rate hike as early as the fourth quarter. A day and a couple of reports later, the market is focusing on the need for further stimulus to […]

Will the Euro Find Fuel for a Rebound in German 2Q GDP Report?

Talking Points: Euro May Bounce Absent a Major Disappointment on German GDP Print Yen Falls as Asian Stocks Advance, NZ Dollar Gains on Retail Sales Data See Economic News Releases on Your Charts with the DailyFX News App The preliminary set of second-quarter German GDP figures headlines the economic calendar in European hours. Output is […]

GBP Flees the Charging Bulls

Volatility in the forex market space has been in short supply throughout this year. If anything, it has been regionally contained by central bank policies despite the uptick in both geopolitical and economic event risks. Sustainable forex volatility will only occur with greater Group of 10 rate divergence, or in other words, varying degrees of […]

British Pound Volatility Risk High as BoE Updates Rate Outlook

Talking Points: Dollar Weighs Cross Currents Against Domestic Data British Pound Volatility Risk High as BoE Updates Rate Outlook Euro: Investor Sentiment Collapses, Will Stalled Growth Complete the Picture? Dollar Weighs Cross Currents Against Domestic Data An attempt by the Dow Jones FXCM Dollar Index (ticker = USDollar) to break free of its two-week range […]

Top Trade Idea for August 13th 2014 – USD/JPY

A few weeks ago, we raised the possibility that USDJPY could see a breakout from its 7-month descending triangle pattern (see “Time for USDJPY Traders to Wake Up?” for more). A few days later, the pair broke out of the pattern, eventually running up to 103.00 before losing steam and pulling back to 101.50 last […]

EUR’s Breakdown Contained by Options and GDP

Geopolitical concerns are not going away; they are trying to move to the background, while remaining within easy reach. The 18-member single unit has been negatively tied to both weaker corporate earnings and economic data in recent weeks. The morning’s European focus has been on German economic sentiment. With Russian actions continuing to weigh on […]

Forex Looking For Its Next Clue

Modest risk is being applied across the various asset classes, with investors believing that major political concerns that drove stocks lower, and bond prices and the dollar higher last week have abated. The market continues to distinguish between the ‘humanitarian crises’ in Gaza and Iraq and the Ukraine conflict, which has far more potential to […]

Will GBPJPY upside be shortlived?

The GBPJPY pair has been selling off in the past week following a major downside break. A gap open today has shown a more bullish start to the week. However, is this likely to spark a more protracted resurgence or will such strength be shortlived? 1. Previous triangle breakout led to new found support, bringing […]

Powered by DayLife

Complete Calendar
ArabicChinese (Simplified)EnglishGermanItalianJapaneseRussianSpanish