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Top Trade Idea For September 5th, 2014 – AUD/CAD

Aussie CAD has formed into a neat rectangle formation having now completed 2 rejections of both the support and resistance. I’ve shown the daily chart here to highlight the rectangle formation. But if you look at the longer term weekly, you’ll see that momentum oscillators like the slow stochastic are still trending up. This leads […]

EUR Labors Ahead of ECB and NFP – Is There More Room to Fall?

This is expected to be a tough week for investors. Central bank rate decisions mixed in with North American jobs reports will dominate the capital markets risk landscape. Thus far, it’s no surprise to see European markets maintain a cautious tone after the North American long holiday weekend. Investors are keeping an eye on the […]

US Dollar Looks to ISM Manufacturing Data to Fuel Continued Gains

Talking Points: US Dollar May Extend Advance if ISM Manufacturing Data Tops Forecasts Australian Dollar Ignores RBA Announcement with Fed Policy Bets in Focus See Economic Releases Directly on Your Charts with the DailyFX News App A relatively quiet economic calendar in European trading hours is likely to see traders looking ahead to US news-flow, […]

Trade Idea For September 2nd,2014 – AUD/USD

For five months, the Australian dollar has been consolidating within a tight range from 0.92 to 0.95. Despite periods of significant US dollar strength, the Aussie held up better than most other G10 currencies. With signs of the end of US dollar strength, the Australian dollar finally has a chance of moving above 0.95. Right […]

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 […]

Australian Dollar Confronts an RBA Decision with Heavy Speculation

Talking Points: Dollar Traders Look Ahead to a Rebound in Liquidity and Pick Up in Data Euro Economic Health Fades Further, Investors More Expectant of ECB Australian Dollar Confronts an RBA Decision with Heavy Speculation Dollar Traders Look Ahead to a Rebound in Liquidity and Pick Up in Data As far as holiday trading conditions […]

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 […]

Trade Of The Day For August 29th,2014 – AUD/JPY

Despite the wishes of RBA Governor Glenn Stevens, the AUD continues to defy gravity. Lower commodity prices should see lower terms of trade, and a lower Aussie, yet the currency continues to frustrate short sellers. Eventually, USD strength as stimulus is withdrawn should see a lower AUD/USD. But the AUD/JPY chart is telling a different […]

Top Trade Idea For August 28th, 2014 – AUDUSD

For the audusd pair there is still trouble ahead as the path of least resistance seems to be still to the downside and not the upside like recent price action might indicate. The thing is that the pair is consolidating for the last 5 months around 0.95 and 0.9300 levels, so 200 pips range that […]

Will BoE Dissenters Change Sterling’s Direction?

Currently, the central banker remains at the core for most forex moves. Governor Glenn Stevens at the Reserve Bank of Australia (RBA) is trying hard to jawbone the Aussie dollar lower. While the “policy chameleon” — Governor Mark Carney at the Bank of England (BoE) — confused investors with hawkish remarks last weekend, following dovish […]

Dollar Rally Forces EURUSD and USDJPY Breaks

Talking Points: Dollar Rally Forces EURUSD and USDJPY Breaks British Pound Surprised by BoE Hawks, But Doesn’t Turn Euro Traders Ready for Another Round of Economic Data Dollar Rally Forces EURUSD and USDJPY Breaks Between two days of key event risk, it seemed that the US Dollar was due a period of moderation. However, this […]

Sterling Bulls Back down While EUR Bear Waits

The forex markets require a diverging interest rate policy among the Group of Seven economies for sustainable volatility. In 2014, geopolitical risk has been regionally contained and risk-on or -off trading strategies have been orderly executed, regardless if it has been influenced by events in Russia-Ukraine, Gaza, Syria or Iraq. Various individuals will argue that […]

British Pound Gains as Carney Talks Up Interest Rate Hike Timeline

Talking Points: British Pound Stronger as BOE Governor Carney Talks Up Rate Hike Bets Yen May Decline as Aussie and NZ Dollars Rise on Firming Risk Appetite See Economic News Releases on Your Charts with the DailyFX News App The British Pound outperformed to start the trading week, rising as much as 0.3 percent on […]

Top Trade Idea for August 17th, 2014 – AUD/USD

Last week’s projection for the EUR/USD did materialize nicely since previous hints by experts were backed up by various sources about how situation in the euro zone especially its’ overall economic outlook wasn’t too rosy but rather murky instead. In saying that, the harmonic ‘M’ pattern that was formed at the time, confirmed the downwards […]

British Pound Volatility Risk High as BoE Updates Rate Outlook

Talking Points: Dollar Weighs Cross Currents Against Domestic Data British Pound Volatility Risk High as BoE Updates Rate Outlook Euro: Investor Sentiment Collapses, Will Stalled Growth Complete the Picture? Dollar Weighs Cross Currents Against Domestic Data An attempt by the Dow Jones FXCM Dollar Index (ticker = USDollar) to break free of its two-week range […]

EUR’s Breakdown Contained by Options and GDP

Geopolitical concerns are not going away; they are trying to move to the background, while remaining within easy reach. The 18-member single unit has been negatively tied to both weaker corporate earnings and economic data in recent weeks. The morning’s European focus has been on German economic sentiment. With Russian actions continuing to weigh on […]

Evening start reversal forming on EURAUD

The EURAUD pair has rejected a major inside trendline resistance level and is now turning back towards the downside. With today’s sell-off, this is now forming an evening star reversal pattern and could mark the beginning of a selloff in the pair. The daily chart shows a clear sell-off driven by the red ascending inside […]

Yen Pulls Back as Risk Appetite Firms, Dollar Eyeing Fischer Comments

Talking Points: Yen Falls, Aussie and NZ Dollars Rise Amid Risk Appetite Recovery US Dollar Looking to Comments from Fed’s Fischer for Guidance See Economic Releases on Your Charts with the DailyFX News App The safe-haven Japanese Yen narrowly underperformed while the sentiment-linked Australian and New Zealand Dollars proved best-supported as risk appetite recovered at […]

Pressure Intensifies for ECB’s Draghi

Summer holidays? What summer holidays? It is near impossible to take your eyes off the trading screens, in doing so, one may misinterpret the next event or geopolitical risk that has been thrown at capital markets in the most unique of times. Market dynamics are shifting, albeit regional, political, and economical. For dealers and investors, […]

Top Trade Idea For August 7th, 2014 – GBPAUD

After the terrible employment data in Australia I am saying that the market has just ended a contracting triangle on the gbpaud pair that is about to break higher. Like any contracting triangle, this one travels between the a-c and b-d trend lines and by the time the b-d trend line is broken we should […]

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