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Top trade idea for February 4th, 2016 – EURNZD

The eurnzd cross is forming an interesting pattern here that resembles a pennant so far and the beauty of it is that it comes after a so-called truncated zigzag that needs to be retraced minimum 80% and most of the times the retracement level exceeds 100%. That being said, we want to stay on the […]

FED And RBNZ Done, Now Focus On BoJ

Global indices trade mixed as investors continue to digest yesterday’s Federal Open Market Committee (FOMC) policy statement while preparing for tomorrow’s Bank of Japan (BoJ) announcement. Thus far, Ms. Yellen and company seems to have navigated successfully through some difficult objectives. The Fed had a somewhat tough task of acknowledging global market turmoil since last […]

Top trade idea for January 20th, 2016 – NZD/USD

The New Zealand dollar’s weakness was exacerbated overnight when inflation data showed consumer prices fell by a surprisingly large 0.5% in the fourth quarter of 2015. Unsurprisingly, the biggest contributor for the fall in inflation was a 7% drop in petrol prices, while falls in vegetable prices and those of tradable goods and services also […]

Top trade idea for December 9th, 2015 – NZD/USD

It has been a very interesting day in the financial markets, even though the economic calendar has been light. The stock markets have been very volatile and after an initial bounce, Wall Street turned red with the major indices breaking some key support levels. In FX, the EUR/USD was attempting to break out above last […]

USD at 7-month high against EUR

Despite the holiday shortened trading week, dealers and investors continue to prep for next months two-day FOMC meeting. Divergence in monetary policy remains the theme in FX ahead of several December important central bank meetings. Not surprisingly, the dollar remains on the offensive across the major pairs as short-term U.S rates continue back up in […]

FX: Fears Subside, Rate Divergence Dominate

Central Banks monetary policy divergence continues to be the catalyst in the FX market. Similar to other recent terror attacks, capital markets response to the weekend events in Paris have been short lived. The brief risk-off trading has finished as investors continue to covet the dollar in anticipation for the first Fed hike in nearly […]

Draghi Stokes Easing Expectations

Despite the EUR being confined to a tight trading range since last Friday’s upbeat non-farm payroll (NFP) report (€1.0681-1.0790), today’s well-timed dovish rhetoric delivered by Draghi is keeping capital markets on its toes. However, he is not the only one, later this morning no fewer than five Fed speakers are due to hit the wires […]

Will ECB Draghi Provide Today’s FX Clue?

Position adjustments by investors in thin trading conditions have managed to punish the dollar on this Veteran’s Day. The mighty buck has given back some of this week’s gained ground across the board. The EUR printed an intraday six-month low outright yesterday (€1.0682) as the market prepares itself for looser monetary policy from the Eurozone […]

Top trade idea for October 30th, 2015 – AUD/NZD

This weekend the New Zealand All Blacks play the Australian Wallabies in the final match of the Rugby World Cup 2015. These teams between them trampled the cream of European Rugby (sell EUR, sell GBP), and the might of the USA, South Africa and Japan (sell USD, ZAR, JPY). Now, the fate of AUD/NZD may […]

Possible Isn’t Probable For The Fed Or BoJ

Next weeks non-farm payroll (NFP) release only gets bigger after yesterday’s FOMC communiqué. The Fed’s perfectly hedged statement was a tad more hawkish than many had been expecting and now leaves the possibility of a December rate hike on the table by specifically noting that the Fed will be watching the data and then decide […]

Canadian Dollar Falls as Liberals Unseat PM Harper to Win Election

Talking Points: Canadian Dollar Falls as Liberals Unseat PM Harper to Score Election Win British Pound Looks to BOE Commentary for Rate Policy, Brexit Impact Clues See Economic Releases Directly on Your Charts with the DailyFX News App The Canadian Dollar faced selling pressure as early results showed Justin Trudeau and the Liberal Party emerging […]

US Dollar Looks to CPI Data for a Lifeline as Fed Rate Hike Bets Fade

Talking Points: US Dollar Looking to CPI Data for a Lifeline as Fed Rate Hike Bets Fizzle Commodity Dollars Drop, Yen Gains as Risk Appetite Firms in Asian Trade See Economic Releases Directly on Your Charts with the DailyFX News App A quiet economic calendar in Europe is likely to keep speculation about the trajectory […]

UK Inflation, BOE Testimony Key for Pound and Risk Appetite Alike

Talking Points: Commodity Dollars Drop, Yen Gains as Risk Aversion Breaks Out Overnight UK CPI Data, BOE Testimony Key for British Pound and Risk Appetite Alike See Economic Releases Directly on Your Charts with the DailyFX News App The Australian, Canadian and New Zealand Dollars underperformed in overnight trade as risk aversion struck Asian bourses, […]

AUD/USD, EUR/USD Triangles Eye Continuation Targets

Talking Points: AUDUSD triangle breakout eyes A$0.7440, A$0.7680. EURUSD triangle breakout eyes $1.1435/65. See the October forex seasonality report that favors US Dollar weakness. The US Dollar remains on weak footing, with new lows eyed in the USDOLLAR Index. In particular, the thrust appears to be driven by AUDUSD and EURUSD, as GBPUSD has more […]

World Bank, IMF Meetings May Disrupt Otherwise Quiet Week-End

Talking Points: World Bank & IMF Meetings Create Headline Risk, Fed-Speak May Pass Quietly Australian, NZ Dollars Rise as Asian Markets Respond to Dovish FOMC Minutes See Economic Data Releases Directly on Your Charts with the DailyFX News App A quiet economic data docket through the end of the trading week will keep the spotlight […]

Forex Looking For Central Bank Clues

IMF applies the pressure: Not a surprise to many, Ms. Lagarde and co. have again cut their outlook for global economic growth. They have trimmed their July forecasts to +3.1% from +3.3%, mentioning falling commodity prices, tumbling EM currencies and global financial instability as the reason for the downgrade. The IMF officials (along with the […]

NZ Dollar Gains as Dairy Price Jump Cools RBNZ Rate Cut Bets

Talking Points: NZ Dollar Gains as Dairy Price Jump Weighs Against RBNZ Rate Cut Bets Yen, Euro May Weaken as Commodity Dollars Firm on Swelling Risk Appetite See Economic Releases Directly on Your Charts with the DailyFX News App The New Zealand Dollar outperformed in overnight trade, rising as much 0.8 percent on average against […]

Euro, Yen May Rise if Fed Comments Rekindle 2015 Rate Hike Bets

Talking Points: Euro, Yen May Rise if Fed Comments Rekindle 2015 Interest Rate Hike Bets Aussie Dollar Gains as RBA Keeps Cash Rate at 2%, Maintains Neutral Bias 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 investors looking […]

Aussie, NZ Dollars Rise as US Jobs Data Scatters Fed Rate Hike Bets

Talking Points: Aussie, Kiwi Dollars Rise as US Dollar and Yen Drop After Dismal US Jobs Data UK, US and Eurozone PMIs Roundup to Drive Risk Sentiment Trend Development See Economic News Releases Directly on Your Charts with the DailyFX News App The Australian and New Zealand Dollars outperformed in overnight trade, rising alongside an […]

Pound May Extend Drop as Soft PMI Data Trims BOE Rate Hike Bets

Talking Points: British Pound May Extend Drop as Soft PMI Data Trims BOE Rate Hike Bets US ISM May Set Precedent for Risk Trends’ Response to Shifting Fed Outlook See Economic Releases Directly on Your Charts with the DailyFX News App UK Manufacturing PMI data headlines the calendar in European trading hours. The gauge is […]

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