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Dollar Looks to Fed to Secure Strongest Run in Half a Century

Talking Points: Dollar Looks to Fed to Secure Strongest Run in Half a Century British Pound Edges Higher as Market Digests Shift in Scotland Sentiment Euro Focus Still on ECB Policy, But Sovereign Bond Yields are Rising… Dollar Looks to Fed to Secure Strongest Run in Half a Century Friday is opening once again green […]

USD/JPY May See 110.00, USD/CAD 1.1200 Over Coming Weeks

Talking Points: USDJPY breakout valid above NFP swing low of 104.65/70. USDCAD breakout, inv H&S begins above 1.1100. Euro Punished by ECB’s New Measures as QE Remains on Hold The US Dollar has mainly benefited against the European currencies the past several weeks – it may be time for gains to develop elsewhere. The most […]

EUR Supported By Plummeting Pound

Fleet-footed Mario Draghi deserves the plaudits for the aggressive actions undertaken last week. The European Central Bank’s (ECB) surprise rate cut has led to some serious volume spikes in forex trading — volume and volatility provides opportunity, something that has been amiss for far too long with this asset class. More importantly, the ECB chief […]

Pre-NFP Setups Show Strong Yet Vulnerable USDOLLAR

Talking Points: USDJPY posting an inverted hammer against its yearly high. USDOLLAR Index support comes in at 10689, the 8-EMA. August NFPs: +230K exp vs +209K prior. The USDOLLAR Index is attempting to break through its yearly highs set in January, but an overextended bull run and softening technicals leave the greenback vulnerable to a […]

Proceed with Caution: It’s the ECB

It’s not unusual to see European markets steady after a sharp geopolitical gain, a gain that was sometimes confusing once given the ”he said, she said” details between Russia and Ukraine. Investors prudently seem to be adopting a wait-and-see approach ahead of key policy announcements today from the Bank of England (BoE) and the European […]

Trade Setups in EUR/JPY, EUR/GBP, EUR/USD Before and After ECB

Talking Points: EURUSD support found near September 2013 swing lows. ECB might unveil ABS-program but not Fed-styled QE. Euro bears shouldn’t expect QE from ECB this week. The day of reckoning has arrived for the European Central Bank, after what has been a tnese build up in expectations the past week-plus after President Mario Draghi’s […]

EURJPY rejects key resistance for bearish outlook

The EURJPY pair has found resistance at a key area and I am expecting to see this follow through into weakness going forward. With a potential double top coming into play, there is a key neckline which should be followed closely. The daily chart shows that the existence of the green inside trendline dating back […]

Dollar’s Strong Rally Finds EURUSD, S&P 500 Unresponsive

Talking Points: Dollar’s Strong Rally Finds EURUSD, S&P 500 Unresponsive Euro Firms Outside of EURUSD, Surge in Investor Appetite British Pound Collapses Despite Data Dollar’s Strong Rally Finds EURUSD, S&P 500 Unresponsive The return of North American liquidity seemed to bring with it a strong demand for the dollar. The Dow Jones FXCM Dollar Index […]

US Dollar Looks to ISM Manufacturing Data to Fuel Continued Gains

Talking Points: US Dollar May Extend Advance if ISM Manufacturing Data Tops Forecasts Australian Dollar Ignores RBA Announcement with Fed Policy Bets in Focus See Economic Releases Directly on Your Charts with the DailyFX News App A relatively quiet economic calendar in European trading hours is likely to see traders looking ahead to US news-flow, […]

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 […]

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