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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 […]

AUD/USD, EUR/USD Test Range Lows, NZD on the Edge

Talking Points: AUDUSD, NZDUSD hold October swing lows on test. EURUSD seeing follow through on yesterday’s hammer. Monetary Policy on Trial with RBA, ECB, and NFPs this Week  The US Dollar’s rally is starting to feel a bit long in the tooth now, even after the Bank of Japan’s wildly overhyped easing measures propelled USDJPY […]

Fed Stops Printing Press-Market Caught Napping

The Federal Reserve ended its bond-buying program as expected, but it caught the market off-guard with a definite hawkish tint in its statement yesterday. Technically, the Federal Open Market Committee (FOMC) has finally closed the door on quantitative easing, or QE, with the $15B taper; however, never say never as bookies are already making odds […]

Top Trade Idea For October 24th, 2014 – Sell the Tasman Twins

AUD/NZD has traded in a sideways range for more than 3 months, bounded by 1.0917 and 1.1293. This week, inflation data in NZ came in weaker than expected; leading analysts to suggests that the RBNZ may pause in its current lifting of cash rates.  Under this scenario, Mr Market may expect the Kiwi dollar to […]

Pound at Risk on Status-Quo BOE Minutes, US Dollar May Rise on CPI

Talking Points: British Pound May Drop on Status-Quo Bank of England Meeting Minutes US Dollar to Rise if September’s CPI Tops Forecasts, Boosting Fed Outlook See Economic Releases Directly on Your Charts with the DailyFX News App Minutes from October’s Bank of England policy meeting headline the economic calendar in European hours. The voting pattern […]

Pound Looks to UK CPI to Inform BOE Bets, Aussie Up with China Stocks

Talking Points: British Pound May Fall as Soft Inflation Data Weighs on BOE Rate Hike Bets Aussie, NZ Dollars Outperform on Ebbing HK-Linked China Instability Fears PlaceEconomic Releases Directly on Your Charts with the DailyFX News App September’s UK CPI figures headline the economic calendar in European trading hours. The headline year-on-year inflation rate is […]

US Dollar Under Fire as Fed Officials Downplay Rate Hike Prospects

Talking Points: US Dollar Under Fire as Fed Officials Downplay Interest Rate Hike Outlook Aussie and NZ Dollars, S&P 500 Futures Send Mixed Signals on Risk Trends See Economic Releases Directly on Your Charts with the DailyFX News App The US Dollar underperformed in overnight trade, falling as much as 0.4 percent on average against […]

Top Trade Idea For October 6th, 2014 – NZD/USD

Friday’s non-farm payroll number was positive for the US dollar. NZD/USD saw an immediate push lower from about 0.7860 towards the recent low of 0.7713. Price has since moved higher and is approaching 0.78. We see that as an opportunity to short NZD/USD on an expected retest of 0.77. This thirty-minute chart shows the price […]

Commodity Dollars Soar as Risk Trends Gyrate Before ECB, NFP Results

Talking Points: Commodity Dollars Stage Recovery as Risk Appetite Firms Before ECB, NFP Euro to Resume Decline on Strong ECB Stimulus Pledge, Rebound Otherwise See Economic Releases Directly on Your Charts with the DailyFX News App The sentiment-linked Australian, Canadian and New Zealand Dollars outperformed against their leading counterparts in overnight trading hours. The Kiwi […]

NZDUSD triangle forms beside major support level

The NZDUSD paid has been approaching a year long low of 0.768 recently and today’s price action has seena trinagle form which could point towards a potential move to break lower or retrace upwards. The daily chart shows the significance of the support level at 0.768, which if broken would likely lead to a significant […]

Euro May Be More Responsive to Positive vs. Negative Inflation Data

Talking Points: Euro to be More Sensitive to Positive vs. Negative Eurozone CPI Outcome Aussie, NZ Dollars Rise Alongside S&P 500 Futures as Risk Aversion Fades See Economic Releases Directly on Your Charts with the DailyFX News App The preliminary set of September’s Eurozone CPI figures headlines the economic calendar in European hours. The benchmark […]

Forex Carry Trades Are in Trouble

Volatility is the forex investor’s greatest ally. In the month of September, there has been no let up from this key variable that had been missing during the Group of Eight central bank lower-for-longer interest rate stretch of the past two years. Volatility provides investors opportunity, something that has been in abundance for a number […]

Dollar Rising Too High for Fed’s Liking?

Talking Points: Dollar Rising Too High for Fed’s Liking? Euro Discounts Draghi Talk, Bigger Concerns Looming New Zealand Dollar Suffers Biggest Drop in 15 Months Dollar Rising Too High for Fed’s Liking? Earlier this week, New York Fed President William Dudley remarked that the US Dollar’s rapid rise could hinder growth and undermine the central […]

Dollar Slowly Suffocates the Euro

With a little help from central bank rhetoric, both volume and opportunity are making a significant comeback to the forex space. Up until now, the lower-for-longer monetary policy route basically handcuffed the Group of Seven currency pairs to a confined trading range over the past 18 months. Presently, with the possibility of a significant divergence […]

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