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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 […]

Pound May Rise as BOE Inflation Report Rekindles Rate Hike Bets

Talking Points: Pound May Rise as Upbeat BOE Inflation Report Fuels Rate Hike Bets NZ Dollar Gains as RBNZ Warns on Loose Monetary Policy Dangers Euro Unlikely to Find Follow-Through in First-Quarter GDP Report The New Zealand Dollar outperformed in overnight trade after the release of the RBNZ Financial Stability Report (FSR). The document identified […]

Aussie Dollar Gains on Bets Budget to Reduce Scope for RBA Rate Cuts

Talking Points: Aussie, NZ Dollars Rise as Markets Await Australian Budget Announcement British Pound May Not See Follow-Through on Industrial Production Data US Dollar Looks to Fed-Speak to Drive FOMC Interest Rate Hike Outlook The Australian Dollar outperformed in overnight trade, rising as much as 0.6 percent on average against its leading counterparts. The move […]

British Pound May Rise as PMI Data Bolsters BOE Rate Hike Bets

Talking Points: British Pound May Rise as PMI Report Bolsters BOE Rate Hike Speculation NZ Dollar Sank Overnight as FinMin English Reinforced RBNZ Easing Bets See Economic Releases Directly on Your Charts with the DailyFX News App The UK Manufacturing PMI report headlines the economic calendar in European trading hours. Factory-sector activity growth is expected […]

EUR Supported by Plummeting Sovereign Bond Prices

German Bund Yields disrupt all asset classes Yield backup driven by “hot” money accounts EUR expected to remain better bid through month-end Kiwi Tries to Fly but Crashes Sovereign bonds have been selling off hard over the past two-days as a number of factors send yields higher. For the first time in nearly a month, […]

Central Banks Have Traders Jockeying for Positions

Sweden’s Riksbank relies on QE, no rate cut Dollar bulls feels the pressure Investors look to FOMC statement for timing clues BoJ and RBNZ: no rate change expected Today’s forex action will be dominated by central bank monetary policy announcements. The Federal Reserve, the Reserve Bank of New Zealand (RBNZ), and the Bank of Japan […]

US Dollar Selloff Likely to Continue on Status-Quo FOMC Statement

Talking Points: US Dollar Selling May Continue on Status-Quo FOMC Announcement Aussie Dollar Corrects Lower After Largest Rally in Nearly 15 Months NZ Dollar Fails to Hold Gains on Trade Data as RBNZ Looms Ahead The outcome of April’s Federal Reserve monetary policy meeting is likely to dominate the spotlight in the hours ahead. A […]

Dollar Tumbles…Before the Fed and GDP

Talking Points: Dollar Tumbles…Before the Fed and GDP Euro Shows Increasingly Little Concern Over Greek Risks New Zealand Dollar Faces its Own High-Profile Rate Decision Dollar Tumbles…Before the Fed and GDP It isn’t unusual to see key technical levels and patterns develop in the lead up to critical event risk. Speculative positioning reflecting indecision and […]

Pound May Prove More Responsive Than Euro to Eurozone PMI Data

Talking Points: Eurozone PMIs May Prove More Market-Moving for the Pound vs. the Euro NZ Dollar Slumps as RBNZ’s McDermott Talks Down Rate Hike Possibilities Franc Corrects Higher After Yesterday’s Aggressive SNB-Inspired Decline The preliminary set of April’s Eurozone PMI figures headlines the economic calendar in European trading hours. The region-wide composite index is expected […]

Top Trade Idea for April 22nd, 2015 – NZD/USD

The US dollar is easing back a smidge in early US session trade, driven primarily by buying pressure in GBPUSD in the wake of slightly more bullish BOE minutes. As we noted yesterday, the BOE’s current quandary is to weigh how much of the ongoing slowdown in inflation is driven by transitory factors vs. more […]

Euro to Look Past German ZEW Data as Greece Worries Loom Large

Talking Points: Euro Unlikely to Find Follow-Through in German ZEW Report Commodity Currencies, US Dollar Respond to Policy Outlooks See Economic Data on Your Charts with the DailyFX News App Germany’s ZEW Survey of analyst confidence headlines the economic calendar in European trading hours. The forward-looking Expectations index is expected to rise to 55.3, putting […]

Commodity Dollars Soar After China Cuts Reserve Requirement Ratio

Talking Points: Commodity Dollars Soar After China Issues 100bps RRR Cut for Top Banks Japanese Yen Gains Amid Risk Aversion, Euro Declines on Greece Jitters US Dollar Looks to Dudley Comments to Drive Rates “Liftoff” Speculation The Australian, Canadian and New Zealand Dollars outperformed in overnight trade after China unexpectedly cut the reserve requirement ratio […]

Top Trade Idea For April 13th, 2015 – GBP/NZD

GBP/NZD is our preferred trade setup as we start off trading this week, with the pair testing resistance as of late. Indeed, our preferred bias is for a 4 hour break and close above this topside ceiling, which in our opinion will lead to higher levels towards 2.0020 – 2.0420 so long as pivot support […]

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