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Top trade idea for August 27th, 2015 – AUDNZD

This is the audnzd cross and it formed a beautiful impulsive move or five wave structure to the upside followed by a correction. The recent spike higher that took the 1.14 level when stocks in the United States dropped last Monday basically makes the case for a flat pattern as a b wave in pink […]

Euro, Yen Drop as China Stimulus Lifts Market Spirits. Will it Last?

Talking Points: Yen, Euro Drop on China Stimulus But Risk Appetite Boost May Be Fleeting US Durables Data, Fed Commentary in Focus as Markets Look for Guidance See Economic Releases Directly on Your Charts with the DailyFX News App The Japanese Yen and the Euro faced selling pressure in overnight trade as stocks recovered across […]

Euro and Yen Capitalize as Risk Aversion Sweeps Financial Markets

Talking Points: Kiwi Dollar Underperforms as RBNZ Compounds Pressure from Risk Trends Euro Joins Japanese Yen in Capitalizing on Sharp Carry TradeLiquidation 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 continued to sweep financial markets, weighing on […]

US Dollar May Rise as FOMC Minutes Boost September Rate Hike Bets

Talking Points: US Dollar May Rise as July FOMC Minutes Boost September Rate Hike Bets Yen to Rise, Commodity FX Vulnerable if Fed Outlook Sparks Risk Aversion See Economic Releases Directly on Your Charts with the DailyFX News App A quiet day on the European economic data front will see investors looking ahead to July’s […]

Top trade idea for August 19th, 2015 – EUR/NZD

The EUR/NZD has had a remarkable few months, rising from a base of about 1.39 to a high so far this year of 1.71. Yes, that is a gain of 3,200 pips or a huge 82 per cent. But what goes up usually comes back down in FX. While it is possible that further gains […]

British Pound May Rise as Inflation Data Boosts BOE Rate Hike Bets

Talking Points: British Pound May Rise if Upbeat CPI Data Boosts BOE Rate Hike Outlook NZ Dollar Up Before Dairy Auction, Canadian Dollar Down with Crude Oil See Economic Releases Directly on Your Charts with the DailyFX News App UK CPI figures headline the economic calendar in European trading hours. The core year-on-year inflation rate […]

Euro May Overlook Eurozone FinMin Greece Bailout Meeting

Talking Points: Euro May Overlook Eurozone Finance Ministers’ Meeting on Greece Bailout Aussie Dollar Gains, Kiwi Counterpart Drops on Evolving Rates Policy Bets See Economic Releases Directly on Your Charts with the DailyFX News App Greece returns to the spotlight in European trading hours as Eurozone Finance Ministers convene to decide on whether to approve […]

Top Trade Idea for August 12th, 2015 – NZD/USD

It’s been another whirlwind Asian session in the forex market, with the volatility once again kicked off by a big devaluation of China’s currency. Despite claims that Tuesday’s 1.9% devaluation was a “one-off” adjustment, Chinese authorities opted to decrease the value of the yuan another 1.6% in today’s Asian session (see my colleague Chris Tedder’s […]

Australian, New Zealand Dollars Drop After Soft China Data

Talking Points: Aussie, Kiwi Dollars Underperform Following Disappointing Chinese Data US Dollar May Rise if Fed-Speak Boosts September Interest Rate Hike Bets See Economic Releases Directly on Your Charts with the DailyFX News App The Australian and New Zealand Dollars underperformed in otherwise quiet overnight trade. The move followed disappointing Chinese economic data released over […]

GBP Gains from GDP Report, BoE Rate Hopes – USD to Follow on FOMC?

Talking Points: GBPAUD, GBPNZD reverse losses at familiar support levels. EURGBP, EURUSD dip back towards recent lows. See the DailyFX economic calendar for Monday, July 27, 2015. For at least one of the two central banks closest towards raising rates, data and events so far this week have unfolded favorably for policy hawks. We’re talking […]

USDOLLAR Index Fights Back to Trendline from June Lows

Talking Points: AUDUSD breaks to fresh yearly lows below $0.7270. USDCAD triangulates, looking for a break above C$1.3055. See the DailyFX economic calendar for Thursday, July 23, 2015. Hold the presses on the ‘greenback may be topping’ headlines: the past 24-hours have seen a quick revival by the US Dollar. USD-pairs, particularly those in the […]

Dollar Uptrend Under Fire – ST Topping Potential Increasing

Talking Points: EURUSD tests $1.1000, but obstacles remain before ‘bullish.’ AUDUSD takes a turn towards recent channel resistance. See the DailyFX economic calendar for Thursday, July 23, 2015. The likelihood that the USDOLLAR Index is establishing a short-term top has jumped after recent price action. With a fairly empty economic calendar for today and the […]

USDOLLAR Pressured after Key Reversal; NZD/USD Trend Watch

Talking Points: USDOLLAR Index loses uptrend from 6/18 low, tests 12000. NZDUSD traded back to daily 13-EMA, recent resistance from 7/10-14. See the DailyFX economic calendar for Wednesday, July 22, 2015. The recent USDOLLAR Index uptrend may be in question after yesterday’s bearish key reversal. Event risk may help provide the catalyst to spark either […]

Aussie, Kiwi and Loonie Under Commodity Currency Attack

Aussie bears look to Stevens for support Kiwi takes temporary flight for insurance Loonie dithers in the middle for now Governor Poloz goes it alone Recent actions and rhetoric from Commonwealth Prime Ministers, and their respective policy makers, have put their commodity sensitive currencies under pressure. In Australasia, the Kiwi ($0.6592) and Aussie dollar ($0.7370) […]

As EUR/USD Pauses, NZD/USD and USD/CAD Eye Continuation

Talking Points: EURUSD eyes break of $1.0805, but could see $1.0915 first. Commodity FX under pressure as gold, oil slip; RBNZ cut forecast. See the DailyFX economic calendar for Tuesday, July 21, 2015. The commodity currency complex continues to hold a bearish bias versus the US Dollar. This is not only derived from a cursory […]

Top Trade Idea For July 17th, 2015 – NZD/JPY

It’s been a rough few weeks for the Kiwi Dollar with falling milk prices, weak inflation and expectations of a second rate cut at next week’s central bank meeting. Despite all that, the NZDJPY chart is showing early signs of a possible bullish divergence setup. If price rallies from here, it will confirm a lower […]

Carney Sparks Rally by GBP-crosses, Leg Down for USDOLLAR

Talking Points: GBPUSD jumps nearly +1% on Carney rate hike commentary. USDOLLAR Index weighed by GBPUSD, not by AUDUSD. See the DailyFX economic calendar for Tuesday, July 14, 2015. Among developed economies right now, there are only two that have central banks that are considering to tighten their respective monetary policies: the Bank of England […]

Top Trade Idea for July 8th, 2015 – NZD/USD

The NZD/USD’s long-term downward trend has accelerated in the past couple of months. It has been driven lower by a number of factors, including the sharp falls in key commodity prices for the New Zealand economy such as powdered milk, the RBNZ turning dovish with a surprise rate cut and the US dollar rally gaining […]

Top Trade Idea for July 3rd, 2015 – Sell AUD/NZD

It’s been a lousy week for milk prices but arguably and even worse one for iron ore. This together with today’s soft Aussie retail sales figure has seen $A lose ground against the Kiwi from what looks as though it could be a significant turning point. Weekly Chart A longer term look at AUDNZD shows […]

US Dollar May Rise on Jobs Data, NZ Dollar Drops on Dairy Slump

Talking Points: Upbeat Jobs Data May Boost US Dollar, Drive Broad-Based Risk Aversion NZ Dollar Down as Dairy Prices Slump, Fueling RBNZ Rate Cut Speculation See Economic Releases Directly on Your Charts with the DailyFX News App The New Zealand Dollar underperformed in overnight trade, falling as much as 0.5 percent on average against its […]

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