Research
Risk-Appetite Rebounds Slightly on Macro Growth Hopes
The Australian Dollar was the best performing currency headed into North American trading on Tuesday as Chinese growth remained exceptionally strong, offsetting lower inflation expectations set forth by the Reserve Bank of Australia.
Forex: Euro Outlook Remains Bearish, Sterling To Face BoE Minutes
Market sentiment continued to taper off on Tuesday as Moody’s Investor Services fired warning shots against France’s AAA credit rating, and currency traders may further scale back on risk-taking behavior as the fundamental outlook for the world economy deteriorates.
USD/CAD Recovery Rally Rejected at 1H SMA
There is some risk-on trading entering the US trading session. This dynamic stopped the USD/CAD rally below the 1.0270 pivot. The market is also respecting the 200-period simple moving average (SMA). Note the bearish divergence as well.
Currencies Expected to Remain Under Pressure; Buck to Benefit
We continue to project additional upside in the Greenback over the coming weeks and recommend looking for opportunities to build into fresh USD longs…
Fresh Longs Recommended in US Dollar/Scandi Pairs
A daily overview of technical developments in the regional currencies. Take a look inside for the latest scoop on the Norwegian Krone and Swedish Krona.
FOREX: Dollar, Yen Likely to Extend Gains as Stock Markets Drop Anew
The safe-haven US Dollar and Japanese Yen corrected lower overnight but appear poised to resume their advance as risk aversion grips markets in Europe.
Moody’s Warnings on France Expected to Weigh on Sentiment
Any positive reaction to the Eurozone plan is now starting to fade and broader macro themes of fear and contagion are starting to creep back in…
US Dollar Breaks Two-Week Down Trend as S&P 500 Chart Points Lower
The US Dollar broke higher out of a two-week down trend. An acutely bearish S&P 500 chart setup argues for continued gains in the go-to safe haven currency.
Dollar Puts in for its First Real Advance in 10 Days – Sustainable?
The US dollar managed its first serious advance in 10 trading days Monday. It shouldn’t surprise that this bullish performance coincided with the S&P 500’s first substantial down day in the same amount of time.
AUD/USD Showing Mixed Signals Between Key Battle Lines
Between Pivots: The AUD/USD fell to start the global session, but as we start the Asian session, the market is trading between an important support area in 1.0170-1.02 and an important resistance pivot at 1.0390. The 1.0170 level was support on 9/14, 15, 19, 20. Then the 1.0170 was cracked but 1.02 zone provided resistance 10/12, 13…
US Dollar Speculative Longs Reach Record
Non commercial US dollar long positions reached a record high, according to the CFTC’s COT data.
