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Euro Steadies As Traders Rethink Draghi Comments and and Other Top Forex News.

The euro steadied against the dollar on Monday, following last weeks falls, as traders rethink Mario Draghi’s comments that the ECB is “comfortable” with acting to shore up growth and stop inflation from falling too low at its next meeting in June. ECB Vice President Vitor Constancio shed further light on the ECBs thinking earlier […]

EUR/GBP Hits Yearly Lows – Will BOE Signal Hike?

By Boris Schlossberg, Market Drivers May 12, 2014 NAB Business Confidence 6 vs. 4 EUR/GBP hits yearly lows Nikkei -.35% Europe .14% Oil $100/bbl Gold $1290/oz. Europe and Asia: JPY Current Account -0.78T vs. -0.54T AUD NAB Business Confidence 6 vs. 4 NZD HPI 0.1% vs. 3.4% JPY Eco Watchers 41.6% vs. 45.2% North America: […]

Forex: Euro May Rebound in Quiet Trade, Offering a Short Trade Setup

Talking Points: Euro May Lead Amid Correction, Offering a Short Trade Setup Japanese Yen Soft in Asia as Nikkei 225 Futures Gap Upward New Zealand Dollar Rebounds After Last Week’s Blood-Letting The economic calendar is quiet in European and US trading hours, offering little by way of market-moving event risk. That opens the door for […]

Dollar Ends Week in Positive Territory As Ukraine Tensions Rise and and Other Top Forex News.

The dollar ended the week in positive territory against most of the major currencies, with concerns over ongoing tensions in Ukraine continuing to support demand for safe-haven assets such as the dollar. Investors remain wary after tensions continue to increase in the region, despite efforts by Russian President Vladimir Putin to calm the situation. Despite […]

Euro Breakouts Hard to Avoid with Upcoming ECB Rate Decision

Talking Points: Dollar Stabilizes but Not Because of Yellen or Risk Trends Euro Breakouts Hard to Avoid with Upcoming ECB Rate Decision Yen Crosses Capable of Starting the Risk Run? Dollar Stabilizes but Not Because of Yellen or Risk Trends Though the recovery effort wasn’t as substantial as the tumble that preceded it, the US […]

Dollar Soars Against Euro After Draghi Hints At Stimulus and and Other Top Forex News.

The dollar soared against the euro on Thursday following European Central Bank President Mario Draghi’s comments that the bank could implement fresh easing measures as soon as next month. Draghi said that recent weakness in inflation has been due to food and energy prices, but added that the strong euro and weak domestic demand are […]

Forex: US Dollar Hoping to Find a Reprieve in Yellen Testimony

Talking Points: NZ Dollar Sinks as RBNZ’s Wheeler Threatens FX Market Intervention Euro May Not Find Volatility in German Factory Orders, EZ PMI Data US Dollar Hoping for a Lifeline as Fed’s Yellen Testifies to Congress The New Zealand Dollar underperformed in otherwise quiet overnight trade following ominous comments from RBNZ Governor Graeme Wheeler. The […]

Dollar Finds Support After Putin Offers Olive Branch and and Other Top Forex News.

The dollar found support on Wednesday as investors cheered moves by Russian President Vladimir Putin, who announced he was ready to enter talks on the Ukrainian crisis. But gains were limited by dovish remarks by Federal Reserve Chair Janet Yellen. President Putin called on separatists in eastern Ukraine to postpone their referendum on independence, and […]

Kiwi Loses Flight, FX Awaits Yellen

By Boris Schlossberg Market Drivers May 7, 2014 RBNZ’s Wheeler – kiwi is overvalued AU Retail Sales miss Nikkei -2.93% Europe -.25% Oil $100/bbl Gold $1314/oz. Europe and Asia: NZD Unemployment 6.0% vs. 5.8% AUD AIG Construction 45.9 vs. 46.2 AUD Retail Sales 0.1% vs. 0.4% EUR GE Factory Orders -2.8% vs. 0.3% EUR Retail […]

Dollar Lower After Trade Data Disappoints and Other Top Forex News.

The dollar ended the session broadly lower against the other major currencies on Tuesday, following this mornings trade data which showed that the U.S. trade deficit narrowed less than expected in March. The Department of Commerce reported a deficit of $40.4bn in March, a 3.6% decline from February’s $41.9bn. With strong exports of aircraft, automobiles […]

Dollar Steady in Quiet Trading and Other Top Forex News

The dollar was subdued on Monday, holding steady against the other major currencies, as continued unrest in Ukraine and disappointing Chinese data, offset upbeat service sector data at home. This mornings data was mostly positive, with the Institute of Supply Management announcing that its non-manufacturing purchasing managers’ index rose to a five-month high of 55.2 […]

Top Trade Idea For May 5th, 2014 – NZD/USD

If we turn our attention toward the end of the week, we can see a lot of potential for movement in EURUSD or GBPUSD on account of interest rate decisions out of the related central banks. However, let’s look earlier in the week and focus the commodity currencies, namely NZD. The backdrop in the New […]

Turbulent Day for Dollar Following U.S. Jobs Report and Other Top Forex News.

The dollar surged and then fell against the euro and yen during Fridays session, following the release of upbeat U.S. employment data. Which initially proved bullish for the dollar, but sentiment changed after traders digested the data. The U.S. economy added 288,000 jobs in April, beating expectations for a 210,000 increase. March’s figure was revised […]

Will Non-Farm Payrolls Breathe Life into Dollar?

By Kathy Lien Will Non-Farm Payrolls Breathe Life into Dollar? GBP Could Still Test 1.70 Beware of ECB Officials Talking Down EURO AUD: Concerns about Fiscal Tightening Drives PMI Lower NZD: Chinese Manufacturing Activity Accelerates CAD: Lower Oil and Gold Prices Will 102 Support Level in USD/JPY Hold? Will Non-Farm Payrolls Breathe Life into Dollar? […]

Dollar Rangebound Ahead of Non Farm Payrolls and Other Top Forex News.

The dollar traded in tight ranges against the other major currencies on Thursday ahead of tomorrows U.S. nonfarm payrolls report. This mornings data failed to provide any direction for the dollar, with initial jobless claims increasing unexpectedly by 14,000 to 344,000 last week, below analysts expectations for claims to fall by 11,000 to 319,000. This was […]

Dollar Falls After GDP Disappoints, Fed Continues With Taper and Other Top Forex News.

The dollar fell against most major currencies on Wednesday following disappointing U.S. GDP data, which came in well under estimate for the first quarter. While the Fed announced that the Fed funds target rate, will remain unchanged and continued with trimming $10 billion from its $55 billion monthly asset-purchasing program. In a move which was […]

British Pound Ready for a Breakout on 1Q GDP Release

Talking Points: Dollar Traders Count Down Hours to FOMC Decision British Pound Ready for a Breakout on 1Q GDP Release Euro Slowly Rising Again, Expect Another ECB Threat? Dollar Traders Count Down Hours to FOMC Decision Risk trends were mixed on the day and US yields were modestly higher on the day. For the dollar […]

Euro Suffers After Inflation Data Disappoints and Other Top Forex News.

The dollar was mostly higher on Tuesday ahead this weeks key FOMC meeting which concludes tomorrow. While the euro was hit by lackluster German inflation data, fuelling concerns over the inflation outlook for the euro zone. The dollar was unmoved by this mornings consumer confidence report which dipped this month but remained close to recent […]

EUR/AUD, EUR/NZD Liftoff Yet to Clear Pivotal Resistance

Talking Points: EURAUD, EURNZD have made progress but not quite ‘there’ yet. AUD-crosses looking less convincing generally. Forex economic calendar takes another shot at US housing data Monday. To keep up with developments central banks and their policy changes, be sure to sign up for my distribution list. The European currencies are off to a […]

U.S. Housing Data Gives Dollar a Boost and Other Top Forex News.

The dollar was boosted on Monday by upbeat housing data which showed that U.S. pending home sales rose for the first time in nine months in March, indicating the housing market has finally turned a corner. The data released by the National Association of Realtors, showed that pending home sales jumped 3.4% last month, easily […]

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