Today is Fri, October 20, 2017 17:38:12 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook

FOMC to Play It Safe

Investors are content to sit on the sidelines, waiting for the Federal Reserve to wrap up its two-day Federal Open Market Committee (FOMC) meet. The dollar is mostly unchanged against the major pairs in a narrow overnight trading range. For many, there is no incentive to trade aggressively ahead of FOMC rate decision later this […]

Major Event Risk Ahead for US Dollar – Levels to Watch

Talking Points: Major event risk ahead for US Dollar – two high risk events today. USDCAD susceptible, AUDUSD requires patience. October Forex Seasonality Foretells End of Seasonal USD Weakness The US Dollar has been able to retrace about half of its losses from its October highs, but it’s not out of the woods just yet. […]

Top Trade Idea For October 27th, 2014 – AUD/JPY

Since mid 2013, AUD/JPY has been moving higher within a controlled (yellow) channel. But in a six week period from early September 2014, we’ve seen a sharp 700 pip fall from the top of the channel towards the bottom. While price is currently moving higher, this time, we feel price will break below the bottom […]

Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms

Talking Points: Pound to Fall on Ebbing BOE Rate Hike Outlook if 3Q GDP Underperforms Yen Rose and Aussie Dollar Fell in Asia, Mirroring Slide in S&P 500 Futures Place Economic Releases Directly on Your Charts with the DailyFX News App Third-quarter UK GDP figures headline the economic calendar in European trading hours. A slowdown […]

Pound at Risk on Status-Quo BOE Minutes, US Dollar May Rise on CPI

Talking Points: British Pound May Drop on Status-Quo Bank of England Meeting Minutes US Dollar to Rise if September’s CPI Tops Forecasts, Boosting Fed Outlook See Economic Releases Directly on Your Charts with the DailyFX News App Minutes from October’s Bank of England policy meeting headline the economic calendar in European hours. The voting pattern […]

Aussie Dollar Edges Higher on China GDP, Yen May Rise on US Data

Talking Points: Aussie Dollar Edges Higher on Modestly Better Than Expected Chinese GDP US Dollar, Yen May Rise if Upbeat Home Sales Data Fuels Fed Rates Outlook PlaceEconomic Releases Directly on Your Charts with the DailyFX News App The Australian Dollar narrowly outperformed in overnight trade, rising as much as 0.3 percent on average against […]

Chinese Renminbi, Global Markets Await Chinese GDP

Talking Points: Dollar Traders Keep Ear to Ground for Volatility Until Fed Meet Chinese Renminbi, Global Markets Await Chinese GDP Euro Sees Uneven Advance on News of QE Program Activity Dollar Traders Keep Ear to Ground for Volatility Until Fed Meet Though the US Dollar has opened the trading week lower, the market’s motivations are […]

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

During October, USD/JPY has fallen almost 500 pips and to date, has been the strongest of the G10 currencies. Over the past few trading days, we’ve seen a 200 pip move higher which we feel is only a correction within the current downtrend. Therefore, we’re keen to trade USD/JPY to a new October low. The […]

The US Dollar’s Moment of Vulnerability

Talking Points: JPY outperforms all as Euro-Zone periphery fears arise. EURJPY, GBPJPY, USDJPY all lose major support. Euro Rebounds Prove Shallow as Euro-Zone Sits on Cusp of Recession October, a seasonally bullish month in the QE era of monetary policy, has been anything but for the US Dollar. This past week was potentially disastrous. The […]

Dollar Weighs Volatility Versus Rate Outlook

Talking Points: Dollar Weighs Volatility Versus Rate Outlook British Pound Tumbles as Rate Forecasts Hit a 2014 Low Euro: Region Starting to Show Signs of Capital Outflow Dollar Weighs Volatility Versus Rate Outlook The Dollar regained its composure this past session, but its fundamental backdrop was doing it few favors. Data, rate forecasts and volatility […]

FX Markets Flash Classic ’Risk Off’ Mode, Boosting Demand for JPY, USD

Talking Points: US Dollar rebounding but so too are other low yielding havens. Commodity currency enthusiasm post-NFPs wiped out October Forex Seasonality Foretells End of Seasonal USD Weakness The US Dollar has reversed sharply from yesterday’s lows, but the theme on which the move is predicated couldn’t be more discouraging: a global sell-off. Higher yielding […]

Top Trade Idea For October 10th, 2014 – USD/JPY

Recent USD weakness is playing out after two months of strength. Similarly, JPY strengthened as the possibility the BoJ will hold off on further stimulus following public complaints from Japanese companies hurt by the weaker yen. This combination of factors offers an against the long-term fundamentals trade. The MACD cross well above the zero line […]

Dollar Bulls need more patience

Central Banks continue to call the shots. If it’s not RBA talk or ECB standing aside, it’s a few nervous and candid Fed members that have upped the stakes in intraday volatility and volume. Speculators and investors don’t care whom or why just as long as there is currency movement – it provides opportunity. The […]

Forex: Dollar Drops after FOMC Weighs in on Currency, But is this a Trend?

Talking Points: Dollar Drops after FOMC Weighs in on Currency, But is this a Trend? British Pound: Rate Forecasts Drop Before BoE Decision Euro Traders Ready for ECB President Draghi Commentary Dollar Drops after FOMC Weighs in on Currency, But is this a Trend? Given the S&P 500’s impressive rally and the Dollar’s tumble this […]

Dollar Bulls Require Patience during Equity Strife

The FX market is again turning its attention to global equity markets for inspiration, as investor moods darken quickly, and everyday bourses test key levels. Risk aversion is maintaining a foothold on sentiment amid concerns that the global economic outlook is worsening. So far in today’s opening European session, equity markets have opened lower following […]

US Dollar Reaches Technical Crossroads as FOMC Minutes Loom

Talking Points: EURUSD faces 13-EMA today, MACD downtrend breakouts? USDJPY barely above 108 – traders noncommittal ahead of FOMC. October Forex Seasonality Foretells End of Seasonal USD Weakness Coincidence or not, various USD-pairs are sitting at important technical levels ahead of the week’s top event risk: the September FOMC meeting minutes. Our attention is heightened […]

Dollar Rally Cut By EUR Options

With one trading session down and four to go this week, already the mighty U.S. dollar has managed to take a healthy breather on Monday. There were several notable market moves that managed to end up handcuffing the dollar. Precious metals bounced ahead of multi-month lows to record their best day in two months, while […]

Top Trade Idea For October 7th, 2014 – USD/JPY

Today we will focus on USDJPY which has been in strong uptrend for the last few months, particularly during September when pair gained more than 600 pips. On the daily chart below we can see the price action from July with accelerating bullish waves in August and September. Well, you will notice that in the […]

Australian Dollar May Extend Early Gains on Firming Risk Appetite

Talking Points: Euro Unlikely to Find Lasing Catalyst in German Factory Orders Report Canadian, NZ Dollars May Follow Aussie Higher on Firm Risk Appetite See Economic Data Directly on Your Charts with the DailyFX News App Currency markets saw a quiet open to the trading week. The Japanese Yen edged higher in a move that […]

US Dollar, Sentiment Trends at the Mercy of Nonfarm Payrolls Data

Talking Points: US Dollar Broadly Higher Before September’s Payrolls Data Hits the Wires Commodity Bloc May Weaken as Yen Gains if Jobs Report Tops Expectations See Economic Releases Directly on Your Charts with the DailyFX News App The US Dollar moved broadly higher in overnight trade, adding as much as 0.2 percent on average against […]

Powered by DayLife