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Top Trade Idea For November 26th, 2014 – EUR/JPY

Today it is all about the dollar as three days’ worth of US macroeconomic pointers will be published in the space of just a few hours to avoid conflicts with Thursday’s Thanksgiving holiday. The US data dump could lead to a volatile afternoon session for the major currency pairs denominated in the buck. Speculators who […]

Dollar Reaches Fresh Five-Year High with Little Enthusiasm

Talking Points: Dollar Reaches Fresh Five-Year High with Little Enthusiasm Euro Rebounds as ECB Ranks Break on Push Towards Open Stimulus Yen Crosses Heading for Breakout as Currency Warning Weighs Dollar Reaches Fresh Five-Year High with Little Enthusiasm Another day and another five-and-a-half year high for the Dow Jones FXCM Dollar Index (ticker = USDollar). […]

Aussie and NZ Dollars Rise, Yen Drops as China Expands Stimulus

Talking Points: Aussie and Kiwi Dollars Rise, Yen Drops as China Expands Stimulus Effort Euro Unlikely to Find a Lasting Catalyst in German IFO Survey Outcome See Economic Releases Directly on Your Charts with the DailyFX News App The Australian and New Zealand Dollars outperformed in overnight trade after China expanded monetary stimulus efforts, cutting […]

USDOLLAR Continuation as EUR/USD, GBP/USD Fail at Resistance

Talking Points: USDOLLAR continues broadly higher thanks to AUD, JPY. EUR/USD, GBP/USD channels/flags near breaking points. See the ‘high’ importance events on the DailyFX Economic Calendar. The FOMC minutes yesterday spurred the USDOLLAR Index’s push to fresh 2014 highs, but it will take more than words to keep the greenback’s bull trend going. One of […]

Will FOMC Minutes Stray from the Beaten Path?

FOMC expected to make some noise “Old Lady” sets sterling alight BoJ attempting to save face In today’s economic climate, central banks are never too far away from the heart of any forex move, and again overnight has been no exception. Monetary policy guidance, economic reassessment, and policymakers’ outright voting results are influencing forex price […]

Dollar Traders Whether FOMC Minutes Will Keep the March Towards Hikes

Talking Points: Dollar Traders Whether FOMC Minutes Will Keep the March Towards Hikes British Pound Fails to Regain Traction after CPI Uptick Yen Crosses Steady after Snap Election Call, Will the BoJ Help Soothe Uncertainty? Dollar Traders Whether FOMC Minutes Will Keep the March Towards Hikes The Dollar put in for a mixed session Tuesday […]

GBPJPY hits 50 fib & shows potential for pullback

The GBPJPY pair has been consolidating between the 181 and 184 levels over the past fortnight, following engagement with the 50% retracement of the 2008 highs to 2011 lows. This could be a major level for a retracement and given the respect clearly shown by the last two weeks price action, it would not be […]

US Dollar Follows Treasury Yields Lower as Japan Slips into Recession

Talking Points: US Dollar Falls as Treasury Bond Yields Sink After Japan Enters Recession Yen Spikes Down as Tax Hike Chances Fade, Rebounds on Political Turmoil Euro Looking to ECB Bond Purchase Tally, Draghi Testimony for Direction The US Dollar underperformed in overnight trade, sliding as much as 0.4 percent on average against its leading […]

U.S. Dollar Ducks and Dives for Respect

Sterling bulls stung by QIR The “Wonder” from down-under hurt by RBA comments Japan to weaken Yen by any means Swiss gold referendum nears This market is a natural U.S. dollar lover, nevertheless, investors are still searching for an incentive to help kick-start the buck to regain focus and begin the next leg higher. The […]

British Pound Traders Brace for Volatility from BoE Report

Talking Points: Dollar Drops as FX Volatility, Rate Forecasts Offset British Pound Traders Brace for Volatility from BoE Report Yen Crosses Rally as Market Speculates on Election, Tax Hike Delay Dollar Drops as FX Volatility, Rate Forecasts Offset The US Dollar took a modest spill versus most of its major counterparts this past session as […]

U.S. Dollar Insuppressible

It’s near impossible to keep a good thing down and the U.S. dollar is not exempt from that fact, having found its way again after a somewhat disappointing non-farm payroll (NFP) report last Friday. Today’s partial market holiday in the U.S., Canada, and France could add further spice to an already thin market. On a […]

Dollar Overextended and Facing Event Risks This Week

The overextended U.S. dollar long positions remain under pressure on Monday morning, mostly in the wake of the slightly disappointing nonfarm payroll (NFP) print last Friday. Historically, the first North American session after the jobs release is usually the quietest day of the month, which should give any battle-scared investor enough time to recalibrate. The […]

Dollar Rallies to More than Five Year High as Payrolls Approach

Talking Points: Dollar Rallies to More than Five Year High as Payrolls Approach Euro Drops after Draghi Reiterates Stimulus Commitment British Pound Most Fundamentally At-Risk Currency Next Week Dollar Rallies to More than Five Year High as Payrolls Approach While many of the top financial headlines are cheering the fresh record highs for US equities, […]

With No ECB Surprise Expected, Where Is the EUR to Go?

Finally, the market is atop of the two major market event risks this week: this morning’s European Central Bank (ECB) press conference with President Mario Draghi (at 13:30 GMT), and tomorrow’s U.S. nonfarm payrolls (NFP) details. Investors are expected to get the biggest bang for their buck from tomorrow’s U.S. jobs report rather than today’s […]

EUR Suffocated by Option Strikes Ahead of ECB

Most EUR traders are trying to keep their powder dry ahead of the ECB meet Thursday and Friday’s NFP release. The EUR/USD is finding it rather difficult to pull too far away from the psychological €1.2500 level despite the USD being better bid across the board. It’s rumored that there are large €1.2500 option strikes […]

AUD/USD, EUR/USD Test Range Lows, NZD on the Edge

Talking Points: AUDUSD, NZDUSD hold October swing lows on test. EURUSD seeing follow through on yesterday’s hammer. Monetary Policy on Trial with RBA, ECB, and NFPs this Week  The US Dollar’s rally is starting to feel a bit long in the tooth now, even after the Bank of Japan’s wildly overhyped easing measures propelled USDJPY […]

Top Trade Idea For November 4th, 2014 – USD/JPY

Good day to everyone! In today’s article we will take a look at the most interesting pair of the past few day, which should be USDJPY that broke to new highs of the year, slightly above 114 so far, after the FED ended the QE program last week. At the same time we also see […]

Central Banks and Jobs to Squeeze Currency Positions

It’s another busy week ahead for central banks with the Reserve Bank of Australia (RBA), the Bank of England (BoE), and the European Central Bank (ECB) holding their regular policy-setting meetings. Governor Glenn Stevens at the RBA will get to put the market through its paces come Monday evening. The governor has a tendency to […]

Aussie Dollar Drops on Chinese Data, Pound at Risk on Soft PMI Report

Talking Points: Australian Dollar Sinks Following Soft Chinese Manufacturing PMI Report US Dollar May Look Past Soft ISM Print After Jumping to Four-Year High Pound at Risk if Slowing Factory Sector Trims BOE Rate Hike Speculation The Australian Dollar underperformed to start the trading week, sliding as much as 0.7 percent on average against its […]

Fed Stops Printing Press-Market Caught Napping

The Federal Reserve ended its bond-buying program as expected, but it caught the market off-guard with a definite hawkish tint in its statement yesterday. Technically, the Federal Open Market Committee (FOMC) has finally closed the door on quantitative easing, or QE, with the $15B taper; however, never say never as bookies are already making odds […]

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