Today is Mon, April 21, 2014 8:47:44 GMT
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Forex: US Dollar Finds Support Amid Commodity Market Liquidation

Talking Points: US Dollar Gains Amid Broad Liquidation Across Commodity Markets Follow-Through on Overnight Moves to be Tested as Liquidity Returns Yen Drops, Nikkei Gains as Soft Trade Data Drives BOJ Easing Bets The US Dollar advanced in overnight trade in a move that appeared to mirror a selloff in the commodities space. Crude oil […]

Dollar Pares Losses After Upbeat Manufacturing Data and Other Top Forex News.

The dollar recovered ground lost in early trading after the release of upbeat U.S. manufacturing and employment data pointed to underlying strength in the economic recovery. This mornings report from the Federal Reserve Bank of Philadelphia showed that their manufacturing index rose to 16.6 in April, the highest level since September, from 9.0 in March. […]

Why the Euro Won’t Go Down

By Boris Schlossberg , Market Drivers April 17, 2014 Tankan up big in March despite sales tax pressure German PPI continues to deflate Nikkei 0.0% Europe -.22% Oil $103/bbl Gold $1298/oz. Europe and Asia: JPY Tankan 25 vs. 18 AUD NAB Business confidence 6 vs. 8 EUR GE PPI -0.3% vs 0.0% North America: USD Jobless […]

Top Trade Idea For April 17th, 2014 – USDJPY

Time to take a look at the usdjpy pair as this resilience to break lower is leading us to a single possible scenario: running variation of a contracting triangle on the daily chart. This scenario is going to be invalidated only by a move below 100.75 level so this should be the stop loss for […]

Pound to Look Past Jobless Claims Data, Dollar Eyes Fed Beige Book

Talking Points: Pound Unlikely to Find Momentum in an On-Trend Jobless Claims Decline US Dollar Rebound May Continue to Pro-Taper Tone in Fed’s Beige Book NZ Dollar Weakens as Soft CPI Erodes RBNZ Bets, Yen Falls as Stocks Rise The March set of UK Jobless Claims figures headlines the economic calendar in European hours. Consensus […]

Dollar Steady After Yellen Comments and Chinese Data and Other Top Forex News.

The dollar was mostly higher on Wednesday, after Chinese first quarter growth data came in slightly above estimates, while the Canadian dollar suffered following a dovish rate statement from the Bank of Canada. This mornings data from China buoyed the market, with The Chinese Republic posting a 7.4% gain in gross domestic product for the […]

British Pound Bulls Fear Weaker Inflation Statistics

Talking Points: Dollar Bounces Along with Yields, CPI a Key Benchmark British Pound Bulls Fear Weaker Inflation Statistics Euro Takes Another Hit as ECB’s Threats Pick Up Intensity Dollar Bounces Along with Yields, CPI a Key Benchmark US equities may have put up a decent rebound to open the week, but that wouldn’t stop the […]

Dollar Mostly Higher Despite Inflation Data and Other Top Forex News.

The dollar was trading mostly higher against the other major currencies on Tuesday, despite this mornings inflation data coming in higher-than-expected. This mornings data showed that consumer price inflation rose 0.2% in March, exceeding expectations for a 0.1% gain, after a 0.1% uptick the previous month. With core consumer price inflation, which excludes food and […]

Trade Idea USD/JPY

BUY USD/JPY  10160  TARGET 10245  STOP/LOSS 10070 $JPY has double based at 10135…and because of this…we would now be looking to go into a long position. We can hold longs…adding to 10112 and only reversing if we break below 10065.. A loss of this support would make the market look weaker then to 10028…but oversold […]

Dollar Boosted By Upbeat Retails Data and Other Top Forex News.

The dollar began the week in buoyant mood after the release of stronger than expected U.S. retail sales data for March, offset growing concerns over a slowdown in China and rising tensions in the Ukraine. The official data showed that U.S. retail sales came in 1.1% higher for March, exceeding expectations for a 0.8% gain. […]

Retail Sales Should be Positive for the Dollar But

By Kathy Lien, This morning’s stronger than expected U.S. retail sales report should have been overwhelmingly positive for the dollar and while we did see the greenback appreciate after the release, it has now given up all of its gains versus the Japanese Yen. Investors have to look no further than Treasury yields for an […]

IEuro Starts to Slide as ECB Finally Jawbones

By Boris Schlossberg Market Drivers April 14, 2014 Draghi, Noyer all express concern over exchange rate, deflation euro gaps lower Ukraine standoff remains tense Nikkei -.36% Europe -.52% Oil $104/bbl Gold $1326/oz. Europe and Asia: GBP RICS 2.6% vs. 1.6% EUR IP 0.2% as eyed North America: USD Core Retail Sales 8:30 AM USD Business […]

Dollar Steadies After Rough Week and Other Top Forex News.

The dollar steadied after a woeful week on Friday after the release of positive U.S. economic report, but Wednesday’s dovish Fed minutes continue to weigh on the market, limiting gains. This mornings data was enough to steady the ship, with the University of Michigan saying that the preliminary reading of its consumer sentiment index rose […]

Top Trade Idea For April 11th, 2014 – GBP/JPY

Many traders have a favourite indicator or signal. Others try to remain agnostic, choosing the most appropriate signal for market conditions. However, many traders agree that several indicators pointing in the same direction is a stronger trade signal. A potential triangle break, through the “big figure” of 170.00, would likely see the MACD cross as […]

Is ECB Digging Its Own Policy Grave?

By Boris Schlossberg , Market Drivers April 11, 2014 Euro rejected at 3900 Chinese, German inflation in line Nikkei -2.38% Europe -.38% Oil $103/bbl Gold $1315/oz. Europe and Asia: CNY CPI 2.5% vs. 2.5% EUR GE Final CPI 0.3% vs. 0.3% GBP LEI 0.4% vs. 0.6% North America: USD PPI 8:30 AM USD U of M […]

Forex: Pound May Correct Lower After BOE, Aussie Higher on Jobs Data

Talking Points: British Pound May Correct Lower After a Status-Quo BOE Rate Decision Aussie Dollar Jumps on Jobs But Chinese Export Slump Tempers Advance Japanese Yen Outperforms on Haven Demand as Nikkei 225 Trades Lower A monetary policy announcement from the Bank of England headlines the economic calendar in European hours. On the whole, UK […]

Dollar Broadly Weaker As Fed Minutes Weigh and Other Top Forex News.

The dollar continued to sell-off on Thursday after yesterday’s minutes from the Federal Reserve’s March meeting indicated that rates are likely to remain on hold for some time, and did not elaborate on a possible timeframe for when rates could start to rise. During today’s session the dollar was lower against most of the major […]

Dollar Slips After Dovish Fed Minutes and Other Top Forex News.

The U.S. dollar hit session lows across the board on Wednesday, following the release of somewhat dovish FOMC minutes, with the takeaway being members seemed in less of a hurry to hike rates than the spin following the policy statement and Yellen press conference that day in mid-March. Following the release, the dollar slipped against […]

Has Euro Become a Problem For EZ Growth?

By Boris Schlossberg Market Drivers April 09, 2014 Aussie hits highest mark since November 2013 UK Trade data slightly better, USD/JPY rebounds to 102.00 Nikkei -2.10% Europe 0.42% Oil $102/bbl Gold $1309/oz. Europe and Asia: AUD Westpac sentiment 0.3% vs. -0.7% AUD Home Loans 2.3% vs. 1.7% EUR GE Trade 15.7B vs. 18.0B GBP UK […]

Forex: US Dollar Hoping for a Lifeline in Pro-Taper Fed Commentary

Talking Points: NZ Dollar Continued to Correct Higher, Yen Ignored the BOJ Overnight Pound, Franc Unlikely to Move on Industrial Production and Jobs Data US Dollar May Find Renewed Support in Taper-Supportive “Fed-Speak” The New Zealand Dollar continued to correct higher for a second consecutive day in overnight trade. A lull in market-moving event risk […]

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