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Top trade idea for June 2nd, 2015 – USDJPY

Here we are ahead of the US jobs reports and US dollar is on a tear higher virtually against everything and positioning seems to be extreme ahead of the event. I would still favor the downside on the usdjpy pair as with current gap over the previous weekend an important support level has been broken […]

Greece’s Tsipras and Month End Demand to Keep Traders Guessing

Asset prices still dominated by contagion and risk aversion Greek PM to tease markets until officially in arrears Month-end demand to play havoc with asset prices Yen the favorite in flight scenario For the remainder of this week, market moves are to be dominated by contagion and risk aversion, but most likely not to the […]

Pound May Fall on UK GDP, Euro Engulfed in Greece Crisis Fallout

Talking Points: Greece Set to Miss IMF Repayment with As-Yet Unknown Euro Implications Pound May Decline if 1Q UK GDP Revision Weighs on BOE Rate Hike Bets See Economic Releases Directly on Your Charts with the DailyFX News App The revised set of first-quarter UK GDP figures headlines the economic calendar in European hours. The […]

Charts to Start the Week as Euro Plays Victim to Greek Drama

Talking Points: Greece’s July 5 referendum means it will miss June 30 payment. Measures of EURUSD volatility jump to highest levels since 2011. See the June forex seasonality report. By all accounts, Greece’s fate in the Euro-Zone could be decided within the next week. The July 5 referendum vote on the Eurogroup’s aid package proposal […]

FX Market Readies for Weekend Summit for Greece Deal

Talking Points: European FX pairs quiet as market awaits summit on Saturday. May be deemed best risk management to lower leverage today. See the June forex seasonality report. If you’ve been away from the market for the past 24-hours, depending upon where you look, it might not seem like you’ve missed anything at all. The […]

Greece in the Spotlight as Last-Ditch Debt Deal Talks Continue

Talking Points: Greece Debt Talks in Focus as Eurozone FinMins Gather for Another Meeting Euro Gains on Deal Between Greece, Creditors May Not Have Follow-Through See Economic Releases Directly on Your Charts with the DailyFX News App A quiet economic calendar in European hours will keep Greece in the spotlight as Eurozone finance ministers struggle […]

EUR Bears Are Not Getting Their Favourite Bounce

Investors keeping tabs on intraday price moves EUR emerges again as a funding currency Euro leads want a Greek conclusion by tonight Germany losing economic momentum If nothing else, investors would be hard pressed not to find the current trading environment a challenge. Only weeks ago central banks forewarned investors about heightened market volatility and […]

Euro Eyes on Greece-Themed FinMin Meeting, US Dollar May Rise on GDP

Talking Points: Euro to Look Past IFO Data to Focus on Greece-Themed Eurogroup Meeting US Dollar May Rise if 1Q GDP Upgrade Reboots Fed Rate Hike Speculation See Economic Releases Directly on Your Charts with the DailyFX News App June’s German IFO survey of business confidence headlines the datadocket in European trading hours. The forward-looking […]

Top Trade Idea for June 24th, 2015 – EUR/JPY

The EUR/JPY has been climbing higher inside a bullish channel since bottoming out around 126.00 in early April. But the rally has now stalled with the pair finding strong resistance around the area between 140.75 and 141.00. As can be seen on the chart, as well as this area being a previous support/resistance it also […]

Despite Optimism the EUR Is Lower: What Happened?

An eleventh hour breakthrough by Greece Greek capital controls remain a reality ECB offers daily lifeline through its ELA program Yen losing its safe-haven mojo It’s normal and prudent to find most investors preferring to deal with the facts while speculators, on the other hand, do just that; they speculate. Yesterday’s apparent breakthrough in Greek-European […]

All Eyes on Greece Amid Hopes for Last-Minute Funding Deal

Talking Points: Yen Drops, Aussie Dollar Higher as Greece Deal Hopes Boost Risk Appetite All Eyes on Brussels as Eurozone Officials Meet for Last-Ditch Deal-Making See Economic Releases Directly on Your Charts with the DailyFX News App Tentative signs of progress toward an accord between Greece and its creditors fueled risk appetite at the start […]

The Skinny on Central Banks – RBA, BoE, FED, SNB and BoJ

This mix of overt and subtle withdrawal of market support is a key macro driver of recent increased volatility. Aside from Euro-Greek fiasco this week, there has been a handful of Central Bank rate announcements, growth projections, press conferences and minutes for the investor to digest. Having calmed investors for the past half-dozen years with […]

Post-FOMC USD Decline Nearing Completion?

Talking Points: AUDUSD, EURUSD making false breakouts higher from triangles. USDJPY tests recent swing low and bounces above ¥123.00. See the June forex seasonality report. A projected slower interest rate hike path by the Fed has weighed on the US Dollar the past two days. In March, the FOMC’s dot plot suggested that 77-bps of […]

Dollar Bulls See Red After FOMC

Fed provides no clarity to investors Fed offers a darker view on US economy for 2015 No consensus on the number of rate hikes for this year Investors unwinding dollar positions and market complacency The U.S dollar bull has being seeing red ever since the conclusion of yesterday’s FOMC meeting. The lack of clarity from […]

Top Trade Idea For June 17th, 2015 – USD/JPY

The long-awaited June FOMC meeting is upon us, and while the central bank will almost certainly leave interest rates unchanged, we still expect elevated volatility as traders refine their interest rate expectations. As we noted in yesterday’s FOMC Preview report, traders will have three main areas of focus in the wake of the announcement: the […]

Dollar Bulls Looking For Signs to Add to Positions

Capital Markets to remain on alert all week Greece sees creditors demands as “irrational” Euro periphery yields rally on possible contagion Lack of rate and growth divergence not helping USD bulls No matter what transpires this week in capital markets, investors are required to trade with some caution as price movements across the various asset […]

Key Technical Levels Remain for USD-pairs as Week Ends

Talking Points: EURUSD break through $1.1200 could mean $1.1050 next week. USDJPY needs to clear out ¥123.90. See the June forex seasonality report. It’s a much quieter day on the economic calendar, with only one event due over the next few hours that qualifies as a ‘medium’ or ‘high’ ranked event to close out the […]

US Dollar May Rise as Retail Sales Data Fuels Fed Rate Hike Bets

Talking Points: US Dollar May Rise if Upbeat Retail Sales Report Boosts Fed Rate Hike Bets Yen Corrects Lower After Surge, NZ Dollar Sinks as RBNZ Delivers Rate Cut See Economic Releases Directly on Your Charts with the DailyFX News App A lull in high-profile scheduled event risk on the European front is likely to […]

Top trade idea for June 11th, 2015 – USDJPY

I really don’t like the usdjpy at these highs as from my point of view from the moment we broke down that rising channel it implies market is done with the previous wave and while it is still a corrective, my take is that it is a fifth wave extended impulsive move. This means we […]

Yen Soars on Kuroda Commentary, Greece News-Flow in Focus Ahead

Talking Points: Japanese Yen Soars as Aussie Dollar Gains on BOJ and RBA Comments Greece News-Flow in Focus as Tsipras Meets Merkel, Hollande for Talks See Economic News Directly on Your Charts with the DailyFX News App The Japanese Yen outperformed in overnight trade after BOJ Governor Kuroda said it was “hard to see [the […]

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