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Euro: Should We Worry About Demands for More Currency Intervention ?

Talking Points: Dollar Advance Stalls as Yellen Comments and Beige Book Chewed Euro: Should We Worry About Demands for More Currency Intervention? British Pound Rallies on Strong Jobs Data, But Not Enough for Next Bull Leg Dollar Advance Stalls as Yellen Comments and Beige Book Chewed With Friday’s liquidity drain closing in, the dollar is […]

Dollar Pares Losses After Upbeat Manufacturing Data and Other Top Forex News.

The dollar recovered ground lost in early trading after the release of upbeat U.S. manufacturing and employment data pointed to underlying strength in the economic recovery. This mornings report from the Federal Reserve Bank of Philadelphia showed that their manufacturing index rose to 16.6 in April, the highest level since September, from 9.0 in March. […]

Pound to Look Past Jobless Claims Data, Dollar Eyes Fed Beige Book

Talking Points: Pound Unlikely to Find Momentum in an On-Trend Jobless Claims Decline US Dollar Rebound May Continue to Pro-Taper Tone in Fed’s Beige Book NZ Dollar Weakens as Soft CPI Erodes RBNZ Bets, Yen Falls as Stocks Rise The March set of UK Jobless Claims figures headlines the economic calendar in European hours. Consensus […]

Dollar Steady After Yellen Comments and Chinese Data and Other Top Forex News.

The dollar was mostly higher on Wednesday, after Chinese first quarter growth data came in slightly above estimates, while the Canadian dollar suffered following a dovish rate statement from the Bank of Canada. This mornings data from China buoyed the market, with The Chinese Republic posting a 7.4% gain in gross domestic product for the […]

British Pound Bulls Fear Weaker Inflation Statistics

Talking Points: Dollar Bounces Along with Yields, CPI a Key Benchmark British Pound Bulls Fear Weaker Inflation Statistics Euro Takes Another Hit as ECB’s Threats Pick Up Intensity Dollar Bounces Along with Yields, CPI a Key Benchmark US equities may have put up a decent rebound to open the week, but that wouldn’t stop the […]

Dollar Mostly Higher Despite Inflation Data and Other Top Forex News.

The dollar was trading mostly higher against the other major currencies on Tuesday, despite this mornings inflation data coming in higher-than-expected. This mornings data showed that consumer price inflation rose 0.2% in March, exceeding expectations for a 0.1% gain, after a 0.1% uptick the previous month. With core consumer price inflation, which excludes food and […]

Dollar Boosted By Upbeat Retails Data and Other Top Forex News.

The dollar began the week in buoyant mood after the release of stronger than expected U.S. retail sales data for March, offset growing concerns over a slowdown in China and rising tensions in the Ukraine. The official data showed that U.S. retail sales came in 1.1% higher for March, exceeding expectations for a 0.8% gain. […]

Dollar Steadies After Rough Week and Other Top Forex News.

The dollar steadied after a woeful week on Friday after the release of positive U.S. economic report, but Wednesday’s dovish Fed minutes continue to weigh on the market, limiting gains. This mornings data was enough to steady the ship, with the University of Michigan saying that the preliminary reading of its consumer sentiment index rose […]

Dollar Broadly Weaker As Fed Minutes Weigh and Other Top Forex News.

The dollar continued to sell-off on Thursday after yesterday’s minutes from the Federal Reserve’s March meeting indicated that rates are likely to remain on hold for some time, and did not elaborate on a possible timeframe for when rates could start to rise. During today’s session the dollar was lower against most of the major […]

Even Big Jobless Claims Improvement Fails to Help Dollar

By Kathy Lien There is very little demand for U.S. dollars this morning despite a sharp improvement in jobless claims. For week ended April 5th, jobless claims fell from 332k to 300k, the lowest level since May 2007. The 4-week moving average, which is less volatile also dropped 5k to 316k as continuing claims fell […]

AUDNZD warnings signs point to possible trend reversal

The AUDNZD pair has been trading within a clear negative primary trend, establishing clear lower highs and lower lows since early 2011. That being said, the existence of a possible trend-line and moving average break today, coupled with clear divergence points to a potential for the pair to move into a more bullish phase. The […]

Forex: US Dollar Hoping to Find Reprieve in March FOMC Minutes

Talking Points: US Dollar Hoping for a Reprieve from March Fed Meeting Minutes Pound, Euro Unlikely to Find Fuel in German and UK Trade Data Aussie and NZ Dollars Higher, China Optimism a Possible Catalyst The spotlight is on the release of minutes from the March 18-19 FOMC meeting in the hours ahead. That sit-down […]

Dollar Slips After Dovish Fed Minutes and Other Top Forex News.

The U.S. dollar hit session lows across the board on Wednesday, following the release of somewhat dovish FOMC minutes, with the takeaway being members seemed in less of a hurry to hike rates than the spin following the policy statement and Yellen press conference that day in mid-March. Following the release, the dollar slipped against […]

Forex: US Dollar Hoping for a Lifeline in Pro-Taper Fed Commentary

Talking Points: NZ Dollar Continued to Correct Higher, Yen Ignored the BOJ Overnight Pound, Franc Unlikely to Move on Industrial Production and Jobs Data US Dollar May Find Renewed Support in Taper-Supportive “Fed-Speak” The New Zealand Dollar continued to correct higher for a second consecutive day in overnight trade. A lull in market-moving event risk […]

Dollar Slumps Against Yen After BoJ Comments and Other Top Forex News.

The dollar continued to weaken against the other major currencies on Tuesday ahead of the release of Wednesdays Federal Reserve minutes. While the yen was bolstered by news that the Bank of Japan doesn’t feel that further stimulus is necessary in the short term. BoJ Governor Haruhiko Kuroda said earlier Tuesday, that the bank was […]

Dollar Weakens Ahead of Fed Minutes and Other Top Forex News.

The dollar was mostly softer against the other major currencies on Monday ahead of Wednesday’s Federal Reserve meeting minutes, while comments by European Central Bank officials dampened expectations for unconventional monetary easing measures boosted the euro. Investors are anxiously awaiting this weeks minutes after last Friday’s jobs data raised questions about the strength of the […]

Dollar Mixed After Payrolls Miss and Other Top Forex News.

The dollar ended the week mixed against the other major currencies, after this mornings non farm payrolls came in slightly under expectations, but showed the U.S. economy is on a slightly firmer footing. This mornings report from the Department of Labor, revealed the U.S. economy added 192,000 jobs in March, confounding expectations for a 200,000 […]

Euro Slumps After Draghi Comments, Dollar Holds Steady and Other Top Forex News.

The euro slumped to a five-week low against the dollar on Thursday after ECB President Mario Draghi said the bank was not adverse to using unconventional measures if necessary to stave off the risk of deflation in the euro zone. Draghi told reporters after this weeks ECB policy meeting that the governing council was “unanimous” […]

Dollar Moderately Higher After Payrolls Data and Other Top Forex News.

The U.S. dollar was moderately higher against most of the major currencies on Wednesday, following the release of upbeat U.S. private sector payrolls data. Payroll processing firm ADP reported this morning that the U.S. private sector added 191,000 jobs last month, slightly below expectations for jobs growth of 195,000. While February’s figure was revised up to […]

Dollar Mostly Higher After Manufacturing Data and Other Top Forex News.

The U.S. dollar climbed to its highest level in more than three weeks against the Japanese yen on Tuesday, after data showed that the U.S. manufacturing sector expanded in March, albeit less than expected. While the euro remained modestly higher against the greenback after positive data from the eurozone. This mornings data from the Institute […]

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