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Pound, Euro and US Dollar Aim Higher on BOE, ECB and Fed Rhetoric

Talking Points: Pound, Euro May Rise as BOE, ECB Disappoint Dovish Market Expectations September Fed Meeting Minutes May Boost US Dollar, Undercut Risk Appetite See Economic Releases Directly on Your Charts with the DailyFX News App The British Pound may continue higher after scoring the largest two-day advance in three weeks as the Bank of […]

Chart Of The Day For October 8th, 2015 – EUR/USD

By Ilya Spivak Talking Points: EUR/USD Technical Strategy: Flat Euro Still Stuck in Quiet Consolidation Within Triangle Chart Formation Short Position Favored in Line with Long-Term Bias But Setup Still Absent The Euro remains locked between the narrowing boundaries of a Triangle chart pattern as prices await a clear-cut directional spark. Prices lost momentum after […]

GBPUSD – Range-Bound Trading to Continue?

The pound fell to a five-month low against the dollar last week in what may have been a sign of further losses to come. However, this was followed by a woeful US jobs report on Friday that brought about some broad-based weakness in the dollar and prompted a recovery in the pair.It has now rallied […]

Forex Looking For Central Bank Clues

IMF applies the pressure: Not a surprise to many, Ms. Lagarde and co. have again cut their outlook for global economic growth. They have trimmed their July forecasts to +3.1% from +3.3%, mentioning falling commodity prices, tumbling EM currencies and global financial instability as the reason for the downgrade. The IMF officials (along with the […]

Top trade idea for October 7th, 2015 – GBP/USD

The big news in global markets today is Anheuser-Busch InBev’s higher buyout offer to SABMiller. After the British-domiciled SABMiller turned down offers of £38 and £40 per share earlier, AB InBev raised its latest proposal to £42.15/share for a total value of $104B. If accepted and approved by anti-trust regulators (a big risk to any […]

Central Banks “Pretend and Extend” Intact

October continues its positive trend: Friday’s disappointing non-farm payroll (NFP) report has the market repricing the Fed’s first-rate liftoff in a decade (October +5%, December +28% and dropping fast, March 2016 +50%). Yesterday’s disappointing weakness in the U.S services ISM continues to translate into risk-on flows into the U.S. as “lower for longer” rate policies […]

Top trade idea for October 6th, 2015 – USD/JPY

A decline from 125.82 is in three waves with first minor three subwaves in A, so we think that pair is in a big downward corrective retracement. Ideally that is a flat with an extended wave C to 116 area where it might already accomplished wave 4) so traders should not be surprised  by a […]

Aussie, NZ Dollars Rise as US Jobs Data Scatters Fed Rate Hike Bets

Talking Points: Aussie, Kiwi Dollars Rise as US Dollar and Yen Drop After Dismal US Jobs Data UK, US and Eurozone PMIs Roundup to Drive Risk Sentiment Trend Development See Economic News Releases Directly on Your Charts with the DailyFX News App The Australian and New Zealand Dollars outperformed in overnight trade, rising alongside an […]

US Payrolls Disappoint, Dollar Gives Up Early Gains

Payrolls rose less than projected in September, wages stagnated and the jobless rate was unchanged as people left the workforce, signaling the global slowdown and financial-market turmoil are rippling through the world’s largest economy. The addition of 142,000 jobs followed a revised 136,000 gain the prior month that was lower than previously estimated, a Labor […]

Trade Setups in USD-pairs around September US NFPs

Talking Points: ST EURUSD triangle begins to break lower; $1.1085 critical support. USDJPY remains rangebound, although NFPs could change that. See the DailyFX economic calendar for Thursday, October 1, 2015. Coming into today, the USDOLLAR Index is trading in an intraweek bull flag just below the early-September highs. With the help of a strong September […]

FX: Final Quarter, But Same Rules Apply

For equities in particular, Q3 ended yesterday solidifying their worst quarterly performance in four-years. In the three- month period, global stocks lost over -$11T in value. In forex, trading ranges have been relatively contained as investors continue to seek central bank directional guidance. Nonetheless, the investing rules are not about to change in the home […]

Pound May Extend Drop as Soft PMI Data Trims BOE Rate Hike Bets

Talking Points: British Pound May Extend Drop as Soft PMI Data Trims BOE Rate Hike Bets US ISM May Set Precedent for Risk Trends’ Response to Shifting Fed Outlook See Economic Releases Directly on Your Charts with the DailyFX News App UK Manufacturing PMI data headlines the calendar in European trading hours. The gauge is […]

Top trade idea for October 1st, 2015 – USDJPY

Crucial moment for the USDJPY pair as it is barely holding the same area that proved to be support on the left side of the chart and a break lower will only spell troubles for bulls. It is clear now that market is forming a triangle after the dip in the 116 level and the […]

Five Things Talked About Today

Euro-area inflation turns negative again, it’s the last day of an awful quarter and lots of Federal Reserve verbal interventions are due. Here are some of things people in markets are talking about today. 1. Euro-area inflation Inflation in the Euro-area unexpectedly turned negative in September, falling to minus 0.1 percent, according to a flash […]

FX Window Dressing For Quarter End

The last trading day of the quarter has given away to an Asian and Euro equity relief rally, not driven by fundamentals, but more than likely due to the various short covering and hedge fund “window dressing” demands. Either way, most of today’s intraday forex price moves will go unexplained. Nonetheless, the various risk-on flows […]

Pound at Risk on UK GDP Revision, US Dollar May Rise on Fed-Speak

Talking Points: British Pound Seems to be Biased Downward on Final 2Q UK GDP Figures US Dollar May Rise if Fed Commentary Bolsters 2015 Rate Hike Probability See Economic Releases Directly on Your Charts with the DailyFX News App The sentiment-geared Australian and New Zealand Dollars outperformed while the safety-linked Japanese Yen faced selling pressure […]

Top trade idea for September 30th, 2015 – AUD/USD

Ahead of key economic data from Australia, China and the US, the AUD/USD has managed to bounce back a little, but it still remains in consolidation mode. It has been moving sideways inside a relatively tight range for the best part of the last five trading days or so, between 0.6940 and 0.7035. It has […]

RBA Under Pressure To Cut Rates

Pressure is mounting on the Reserve Bank of Australia to cut interest rates in the wake of a gloomy report by the International Monetary Fund that forecasts falling growth for commodity exporters, including Australia. The RBA board will meet next week to decide whether or not to cut the cash rate, now at 2 per […]

Dollar Bulls To Stay Out Of Trouble

The forex space continues to play second fiddle to plummeting equity markets. Despite a plethora of U.S policy makers on tap this week, any FX moves to date remain relatively contained, but driven by risk aversion trading strategies. The market is very much at odds with the Fed’s timetable on rate normalization. Investors are being […]

US Dollar Seeks Support

On the fundamental front, this coming week is a busy one with many key data releases giving an updated look at global growth. In Australasia, Japan’s key quarterly Bank of Japan (BoJ) Tankan survey (Thursday) will be reported along with last month’s retail sales, household spending and unemployment. A host of September Purchasing Managers Index’s […]

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