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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 […]

Dollar’s 11th Week Advance Looking Troubled as Fed Commentary Mixed

Talking Points: Dollar’s 11th Week Advance Looking Troubled as Fed Commentary Mixed Euro Tumbles after ECB President Draghi Reiterates Easing Commitment British Pound: Traders Await BoE Gov Carney’s First Post-Referendum Speech Dollar’s 11th Week Advance Looking Troubled as Fed Commentary Mixed Eleven straight weeks. That is the bullish run that the US Dollar is trying […]

Euro May Overlook Geman IFO Survey Absent an Upside Surprise

Talking Points: Euro May Look Past German IFO Data Absent Significant Upside Surprise NZ Dollar Corrects Higher, Yen Gains as Asian Stocks Follow Wall St Lower See Economic Releases Directly on Your Charts with the DailyFX News App Germany’s IFO Survey of business confidence headlines the economic calendar in European hours. Expectations call for a […]

Commodity Dollars Broadly Decline as Risk Appetite Comes Undone

Talking Points: Commodity Dollars Face Heavy Selling Pressure as Risk Appetite Unravels S&P 500 Futures Point Toward Continued Risk Aversion in the Cards Ahead See Economic Releases Directly on Your Charts with the DailyFX News App The New Zealand Dollar underperformed in Asian trade following the RBNZ monetary policy announcement. While Governor Graeme Wheeler said […]

Dollar Rally Shifting from Schadenfreude to Inherent Fundamentals

Talking Points: Dollar Rally Shifting from Schadenfreude to Inherent Fundamentals British Pound: Will BoE Testimony Do More Than Carney’s ‘Spring Hike’ New Zealand Dollar Paid Penance for a Mere Pause in RBNZ Hike Regime? Dollar Rally Shifting from Schadenfreude to Inherent Fundamentals Over the past few months, the Dollar’s fundamental landscape has developed unevenly. Yet, […]

AUDNZD flag follows major breakout

The AUDNZD pair has been showing some signs of a reversal in recent weeks following the break above 1.103. This is showing little signs of letting up and with the flag formation currently in play, I believe we could see further upside. However, with a major resistance level at 1.119, a breakout is required to […]

NZDUSD between major support and resistance levels

The NZDUSD pair has been trading in a bearish manner throughout the past month, taking out a number of notable support levels in the process. However, with a long term trend-line having propped up the price over this week, it is going to be key to see how the pair resolves from the current situation […]

Euro Looking for a Lifeline in Inflation Data as ECB Meeting Looms

Talking Points: Euro Looking for a Lifeline in Eurozone CPI Report Ahead of ECB Meeting Australian, NZ Dollars Move Lower as Risk Appetite Unravels in Asian Trade See Economic Releases Directly on Your Charts with the DailyFX News App Augusts’ preliminary Eurozone CPI reading headlines the economic calendar in European hours. The benchmark year-on-year inflation […]

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