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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 […]

Pound May Fall on UK GDP, Euro Engulfed in Greece Crisis Fallout

Talking Points: Greece Set to Miss IMF Repayment with As-Yet Unknown Euro Implications Pound May Decline if 1Q UK GDP Revision Weighs on BOE Rate Hike Bets See Economic Releases Directly on Your Charts with the DailyFX News App The revised set of first-quarter UK GDP figures headlines the economic calendar in European hours. The […]

Top Trade Idea for June 19th, 2015 – EUR/NZD

The New Zealand Dollar has trended down strongly in recent weeks as its central bank embarked on a rate cutting cycle. Fuel was added to this trend when the latest GDP came in at a disappointing 0.2%. At the same time the Euro has been pushing higher against a range of currencies and the net […]

Euro Drops on Greece Fears, Pound Looks to PMI for BOE Rates Cues

Talking Points: Euro Likely to Look Beyond German CPI Gain, Drops on Greece Worries British Pound Eyeing UK Manufacturing PMI for BOE Rates Outlook Cues See Economic News Directly on Your Charts with the DailyFX News App The Euro underperformed at the start of the trading week, falling as much as 0.4 percent on average […]

Fed Expectations Sees the Greenback Rocket Past the Yen

Market awaiting Greek rhetoric Aussie capital expenditure disappoints Fonterra optimism aids Kiwi farmers No Japanese comment on dollar’s rise Currently, capital markets are beholden to any rhetoric from Greece, albeit rumor or hard fact. Any instrumental headway on Greek creditor talks has pushed sovereign bond yields higher, given the equity markets a nudge, and the […]

Top Trade Idea for May 22nd, 2015 – AUD/NZD

At its last meeting the New Zealand Reserve Bank moved to an easing bias on interest rates. By contrast the Australia’s RBA toned its easing bias back to only a fraction short of neutral at its meeting. The combination of these two moves delivered a strong rally for the Aussie against the Kiwi, allowing it […]

British Pound May Weaken on Soft UK Inflation Data

Talking Points: Pound May Decline as Soft UK CPI Data Cools BOE Rate Hike Speculation NZ Dollar Gains as RBNZ Inflation Survey Undercuts Interest Rate Cut Bets See Economic Releases Directly on Your Charts with the DailyFX News App April’s UK CPI data is in focus in European trading hours. The core year-on-year inflation rate […]

New Zealand Dollar Slumps as Interest Rate Expectations Deteriorate

Talking Points: NZ Dollar Slumps as Markets Bet on Most Dovish RBNZ Outlook Since 2009 Aussie Dollar Fails to Hold Gains After Comments from RBA DepGov Lowe US Dollar Corrects Higher After Dropping the Most in a Month Last Week The New Zealand Dollar underperformed in overnight trade amid deteriorating RBNZ policy expectations. Priced-in bets […]

A Shot Across the Bow for the EUR Bull

Draghi’s crying call supports QE trades Euro session looking To re-establish EUR shorts Bund and Treasury yields capped for now Traders zero in on commodity currencies’ performance George Soros’s Quantum fund did take on the Bank of England and broke it on what is known as Black Wednesday in 1992, but in general, investors should […]

Top Trade Idea for May 15th, 2015-AUD/NZD

The RBNZ Governor told Parliament this week that the bank will implement macro prudential tools to cool the Auckland housing market. This is seen by some as a sign that an interest rate cut is coming at its next meeting on June 11. However, the NZD has weakened since the RBNZ signalled a change of […]

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