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US Dollar May Rise if Home Sales Top Estimates, Boosting Fed Outlook

Talking Points: New Zealand Dollar Down on Soft 4Q Westpac Consumer Confidence Data Risk Appetite Firms in Overnight Trade, Driving the Aussie Dollar Upward US Dollar May Rise as Home Sales Data Amplifies Fed Rate Hike Outlook The New Zealand Dollar underperformed in overnight trade, falling as much 0.5 percent on average against its leading […]

Yen Down on Risk Appetite Swell But Year-End Flows May Fuel Turn

Talking Points: Return of Year-Capital Flows May Reboot Pre-FOMC Price Action Trends Yen Down, Aussie and NZ Dollars Higher as Risk Appetite Swells Overnight See Economic Releases Directly on Your Charts with the DailyFX News App The safe-haven Japanese Yen slumped while the sentiment-geared Australian and New Zealand Dollar advanced as risk appetite firmed overnight. […]

Swiss Franc Sinks as SNB Surprises with Negative Interest Rates

Talking Points: Swiss Franc Sank After SNB Unexpectedly Unveiled Negative Interest Rates US Dollar May Turn Lower as Markets Rethink FOMC Outcome Implications See Economic Releases Directly on Your Charts with the DailyFX News App The Swiss Franc slumped after the Swiss National Bank unexpectedly dropped interest rates into negative territory at -0.25 percent. The […]

Yen May Rise Anew as Russian Trade Data Weighs on Risk Appetite

Talking Points: Russian Trade Balance Data May Rekindle Risk Aversion into the Week-End Yen Sold as Asian Stocks Rise on Upbeat US Data, NZ Dollar Corrects Lower See Economic Releases Directly on Your Charts with the DailyFX News App Emerging-market jitters may renew pressure on risky assets in the final hours of the trading week. […]

AUDNZD breaks trendline and tests major support

The AUDNZD pair has been selling off sharply over the past two days. This break below a key trendline yesterday brought about more selling and has found support on a major level. That being said, this week’s break brings the pair into a much more dangerous position and makes it look like we could see […]

Euro Traders Prepare for Direct Stimulus Update

Talking Points: Dollar and S&P 500 Suffer Worst Declines Since October Panic Euro Traders Prepare for Direct Stimulus Update Swiss Franc Potential Lopsided in SNB Rate Decision Dollar and S&P 500 Suffer Worst Declines Since October Panic ‘The Dollar’s safe haven status is broken’? That seems to be a claim be made more often these […]

Top Trade Idea For December 10th, 2014 – AUD/NZD

The weaker inflation figures released from China overnight have been shrugged off by both the AUD and NZD. Investors are perhaps now fully anticipating some more stimulatory action from the PBOC, which would thus be good news for the Australian and New Zealand economies (with China being their largest trading partner).  Anyway, I am looking […]

USDOLLAR Index at Risk of Near-Term Top

Talking Points: USDOLLAR Index threatens uptrend from late-November pivot low. Watching post-ECB highs in EURUSD near 1.2455. See the ‘high’ importance events on the DailyFX Economic Calendar. The broader USDOLLAR Index may have broken to fresh yearly highs last week after the stronger than expected November US labor market report, but there has been little […]

Euro May Fall if ECB ABS Purchase Results Reveal Timid Effort

Talking Points: Euro May Fall if Timid ABS Purchase Effort Fuels “Sovereign QE” Outlook NZ Dollar Falls Before RBNZ Rate Decision, Aussie Down on Chinese Data See Economic Releases Directly on Your Charts with the DailyFX News App The European Central Bank will be in the spotlight in European trading hours as it announces the […]

Dollar, Yen Torn Between US Jobs Data and Year-End Capital Flows

Talking Points: US Dollar Needs Outsized Beat on Payrolls Print to Refuel Upward Drive Yen May Rise After Overnight Drop on Year-End Flows After NFP Report German Factory Orders, Eurozone GDP Revision Unlikely to Stir the Euro A relatively muted economic calendar in European trading hours puts the spotlight on US Employment figures. The report […]

US Dollar May Look Past Conflicting Data, Rise on Fed Beige Book

Talking Points: Aussie, Kiwi Dollars Drop After Disappointing Australian 3Q GDP Report British Pound Looks to Composite PMI Data to Inform BOE Policy Outlook US Dollar May Rise as Upbeat Fed Beige Book Keeps Rate Hike Bets Alive The Australian Dollar underperformed in overnight trade, falling as much as 0.6 percent, following a disappointing GDP […]

Euro Heading Into Turbulent Fundamental Seas

Talking Points: Dollar: US Capital Markets are Closed, But Not the Currency Euro Heading Into Turbulent Fundamental Seas Yen Crosses Far More Sensitive to Policy Comments with Risk Sidelined Dollar: US Capital Markets are Closed, But Not the Currency With the US heading into its Thanksgiving holiday, liquidity was seen draining from the system. Given […]

Japanese Yen May Rise as Year-End Capital Flows Begin to Emerge

Talking Points: Japanese Yen May See Recovery as Year-End Capital Flows Start to Emerge British Pound Looks to 3Q GDP Revision to Inform BOE Rate Hike Outlook US Dollar May Rise on Fed Tightening Bets if News-Flow Proves Supportive Seasonal factors may increasingly factor into price action as the on-coming Thanksgiving holiday in the US […]

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 […]

Top Trade Idea For November 24th, 2014 – GBP/NZD

Since late September, GBP/NZD (‘the pound’ against the New Zealand dollar) has fallen 1400 pips. We feel that this trend will continue and will discuss a trade for expected move lower. The recent move higher provides an opportunity to trade it short. This eight-hour GBP/NZD chart starts at the early November 2014 high of 2.0812 […]

Top Trade Idea For November 19th, 2014 – NZD/USD

Yesterday, we outlined a big picture framework for thinking of the broad-based US dollar rally as a rising tide, led by the rotation of individual waves, or currencies (see “Blizzards, Beaches, and the Rising US Dollar Tide” for more). In that article, we highlighted the commodity dollars (CAD, AUD, and NZD) as the strongest candidates […]

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 […]

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 […]

Australian Dollar Drops as RBA Official Threatens FX Intervention

Talking Points: Aussie Dollar Plunges on RBA FX Intervention Threat, Kiwi Dollar Follows Euro May Be Pressured if ECB Survey Bolsters the Case for “Sovereign QE” See Economic Releases Directly on Your Charts with the DailyFX News App The Australian Dollar plunged in overnight trade after RBA Assistant Governor Christopher Kent said the currency was […]

Pound at Risk as BOE Inflation Report Threatens Dovish Tone Shift

Talking Points: British Pound Vulnerable if BOE Inflation Report Marks Dovish Tone Shift NZ Dollar Gained as RBNZ Rhetoric Proved Supportive for Rates Outlook See Economic Releases Directly on Your Charts with the DailyFX News App The release of the Bank of England’s Quarterly Inflation Report is in focus in European trading hours. The publication […]

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