Today is Thu, July 31, 2014 23:48:09 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook

New Zealand Dollar Down on Eroding RBNZ Rate Hike Outlook

Talking Points: New Zealand Dollar Down as RBNZ Rate Hike Outlook Continues to Erode US Dollar Looks to PMI, Home Sales Data to Set the Tone for a Busy Week View Economic Data Releases on Your Charts with the DailyFX News App The absence of top-tier scheduled event risk left currency markets rudderless in the […]

Euro Selloff May Continue as PMIs Fuel Bets on More ECB Stimulus

Talking Points: Euro Selloff May Continue as PMI Data Fuels Bets on More ECB Stimulus New Zealand Dollar Tumbles as RBNZ Signals Shift to Wait-and-See Mode Aussie Dollar Tags 3-Week High After HSBC Reports Upbeat Chinese PMI The preliminary set of July’s Eurozone PMI figures headlines the economic calendar in European trading hours. The region-wide […]

RBNZ Bulls Not Affected By Dairy Prices

Capital markets require rate divergence for sustainable volatility, which in turn drives greater investor interest, more volatility and so on. The market just wants price movement. To date, central banks and option traders have been successful handcuffing the forex asset class to tight, contained, and boring currency ranges for many months. Even geopolitical risk, when […]

British Pound Out of Room and Facing Trial by Event Risk

Talking Points: Dollar Performance Not as Robust as EURUSD Insinuates Euro Tumbles As European Equities Rally British PoundOut of Room and Facing Trial by Event Risk Dollar Performance Not as Robust as EURUSD Insinuates The world’s most liquid currency cross EURUSD made a significant break this past session. Breaking through the 1.3500-floor that kept the […]

Event Risk Trumps Forex Fundamentals

The euro gained on the U.S. dollar and the yen held steady in a thinned-holiday Asian trading session overnight. But as tensions rise between Russia and the West, and the violence in the Gaza Strip becomes increasingly bloody, geopolitical events remain the focal point for investors and all asset classes. The corporate earnings season is […]

Euro Looking for a Lifeline in Revised June Inflation Data

Talking Points: Euro May Rise if June’s Inflation Reading is Revised Upward Yen Gains as Aussie, NZ Dollars Fall on Fading Risk Appetite See Data Releases on Your Charts with the DailyFX News App A revised set of June’s Eurozone CPI figures headlines an otherwise lackluster economic calendar in European trading hours. The benchmark year-on-year […]

British Pound Rallies on Inflation Report, Will Jobs Data Curb or Amplify?

Talking Points: Dollar Advances on Yellen Commentary but Checked by Risk Waver British Pound Rallies on Inflation Report, Will Jobs Data Curb or Amplify? Euro Eyes 1.3500 as Equities Slide, Bond Yields Slowly Gain Dollar Advances on Yellen Commentary but Checked by Risk Waver Technically speaking, the US Dollar is in the middle of an […]

Top Trade Idea For Monday July 14th – NZD/USD

As traders (of the Elliott Wave persuasion) we are well aware of the adage of “up in 5-waves; down in 3″ as a well tested rule to not try and outguess the trend. This certainly applies to the S&P 500 and as a result, directly impacts the FX markets, specifically the ‘risk on’ currencies. Given […]

Euro Looks to Draghi Testimony to Feed Stimulus Expansion Speculation

Talking Points: Euro Looks to Draghi Testimony for Clues About Stimulus Expansion NZ Dollar Narrowly Higher on Firming RBNZ Bets in Overnight Trade What Will Drive Forex Markets in the Days? See Our Weekly Outlook Testimony from ECB President Draghi is in focus in European trading hours. Traders will be most keen to learn any […]

Dollar Drops Despite a Rise in Volatility, Fed Forecast Standoff

Talking Points: Dollar Drops Despite a Rise in Volatility, Fed Forecast Standoff Euro Traders Start to Feel Rumbles in Financial System, Greece Again British Pound May not Have Been Cowed by Data but Yields Were Dollar Drops Despite a Rise in Volatility, Fed Forecast Standoff Forex traders are taking a pessimistic view of the US […]

GBP Is a Bad Apple While the Dollar Is Squeezed

Not the ideal start to a week where many expected more enthusiasms to be expressed across the various asset classes, especially after last week’s strong U.S. employment headline print. Maybe the market is priming itself for the summer doldrums. The global equities excuse is that investors prefer to assess equity valuations ahead of corporate earnings […]

Top Trade Idea For July 7th, 2014 – AUD/NZD

Since early June, the New Zealand dollar has been the antipodean dollar of choice. The cross rate has moved 3.5% from 1.1035 to 1.0666 during those few weeks. While medium term analysis suggests that the trend lower may continue, in the nearer term, we may be due for a pullback. Today’s countertrend trade will look […]

Dollar Gets Pre Holiday Payrolls Boost and Other Top Forex News.

The dollar ended the shortened trading week in positive territory against most of the major currencies on Thursday, following the release of this mornings upbeat non-farm payrolls report. The U.S. Department of Labor said non-farm payrolls rose by 288,000 last month, way ahead of  expectations for an increase of 212,000. The previous month’s figure was […]

NZDUSD breaks trend-line as pair challenges resistance

The NZD pair has recently been challenging the major resistance level of 0.8775. With the pair having paused to resolve whether or not to push higher, a major trend-line has been broken. Subsequently, we are looking for a key region of price action which will likely determine the direction of the pair for the coming […]

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

The dollar was boosted on Wednesday, closing the session in positive territory against a host of other currencies after data showed that the U.S. private sector added more jobs than expected in June. The data from payrolls processor ADP showed that the U.S private sector added 281,000 jobs last month, beating expectations for an increase […]

Weak U.S. Manufacturing Data Hits Dollar and Other Top Forex News.

The dollar fell against the pound and Canadian dollar on Tuesday, after the release of disappointing U.S. manufacturing data put paid to expectations that the Federal Reserve might raise interest rates sooner than expected. This mornings data from the Institute for Supply Management showed that its index of purchasing managers dipped to 55.3 last month […]

Euro May Rise if June CPI Data Tops Forecasts, Denting ECB Easing Bets

Talking Points: Euro May Move Closer to 1.37 vs. USD if June’s Flash CPI Estimate Tops Forecasts US Dollar Has Scope to Rebound on Upbeat Home Sales Figures, Fed Commentary NZ Dollar Fell in Asia as a Drop in Business Confidence Hurt RBNZ Rate Hike Bets The preliminary set of June’s Eurozone CPI figures headlines […]

Dollar Lower After Data Disappoints and Other Top Forex News.

The dollar fell against most of the major currencies on Monday after the release of somewhat mixed data from the worlds largest economy, cast doubt over the strength of the economic recovery. The dollar was initially boosted following the release of this mornings housing data, which showed that U.S. pending home sales rose to an […]

Dollar Steady As GDP Data Continues to Weigh and Other Top Forex News.

The dollar remained steady against the other major currencies on Friday, despite the release of strong U.S. consumer sentiment data. As Tuesdays disappointing GDP data and softer than expected household consumption data, continue to weigh on the dollar. This mornings data from the University of Michigan showed that its consumer sentiment index rose to 82.5 […]

Dollar Moves Higher As Data Improves and Other Top Forex News.

The dollar recovered most of yesterdays losses in moderate trading on Thursday as economic data turned positive. Brightening the outlook for the U.S. economy. The dollar was boosted after the Labor Department announced that initial U.S. jobless claims dipped by 2,000 people to 312,000 last week, a sign that the recovery in the labor market […]

Powered by DayLife

Complete Calendar
ArabicChinese (Simplified)EnglishGermanItalianJapaneseRussianSpanish