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Euro May Fall on Draghi Rhetoric, Pound to Look Past BOE Outcome

Talking Points: BOE Policy Announcement Likely to be a Non-Event for the British Pound Euro May Fall if ECB President Draghi Hints at Readiness to Launch QE See Economic Releases Directly on Your Charts with the DailyFX News App Monetary policy announcements from the Bank of England and the European Central Bank headline the economic […]

EUR Suffocated by Option Strikes Ahead of ECB

Most EUR traders are trying to keep their powder dry ahead of the ECB meet Thursday and Friday’s NFP release. The EUR/USD is finding it rather difficult to pull too far away from the psychological €1.2500 level despite the USD being better bid across the board. It’s rumored that there are large €1.2500 option strikes […]

Top Trade Idea For November 5th, 2014 – GBP/USD

The US elections are now behind us, and as widely anticipated, Republicans have solidified their lead in the House of Representatives and seized control of the Senate. For the next two years, the legislative branch of the government will be controlled by the Republican majority, whereas the executive branch (President) is Democratic. While the Republicans’ […]

Central Banks and Jobs to Squeeze Currency Positions

It’s another busy week ahead for central banks with the Reserve Bank of Australia (RBA), the Bank of England (BoE), and the European Central Bank (ECB) holding their regular policy-setting meetings. Governor Glenn Stevens at the RBA will get to put the market through its paces come Monday evening. The governor has a tendency to […]

Ranges Persist in USD-Pairs Post-FOMC Meeting

Talking Points: AUDUSD can’t quite break through $0.8900. EURUSD, GBPUSD stuck in month-long ranges. Target on US Dollar’s Back this Week with FOMC, GDP Due The FOMC threw the US Dollar a bone yesterday by leaving its name absent from its policy statement. Weeks earlier, policymakers queued the US Dollar up for disappointment, when it […]

Options Strangle EUR Ahead of FOMC

With central banks continuing to pull the strings it’s not too much of a surprise to see limited forex movement ahead of and around most monetary policy announcements. The Federal Open Market Committee (FOMC) begins its two-day meeting today and most expect the committee to make the final taper, ending bond purchases ($15B) and beginning […]

Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms

Talking Points: Pound to Fall on Ebbing BOE Rate Hike Outlook if 3Q GDP Underperforms Yen Rose and Aussie Dollar Fell in Asia, Mirroring Slide in S&P 500 Futures Place Economic Releases Directly on Your Charts with the DailyFX News App Third-quarter UK GDP figures headline the economic calendar in European trading hours. A slowdown […]

EUR/USD Pivots at Last Week’s Low – Surprise PMIs End EZ Data Drought

Talking Points: EURUSD finds support near lows from last week. EURGBP might be setting a series of higher lows. Euro Faces Economic Headwinds with Weakening German, Euro-Zone PMIs The Euro has been dogged by weak economic data over the past several months, with the Citi Economic Surprise Index having closed last week at -54.1, barely […]

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 […]

Top Trade Idea For October 22nd, 2014 – EUR/GBP

After bouncing at the start of the month, the euro has sold off across the board this week as traders increase bets that the ECB will have to ease policy further in the coming months. EURUSD, the world’s most widely-traded currency pair, has reversed back lower after managing to retrace just 23.6% of its previous […]

Chinese Renminbi, Global Markets Await Chinese GDP

Talking Points: Dollar Traders Keep Ear to Ground for Volatility Until Fed Meet Chinese Renminbi, Global Markets Await Chinese GDP Euro Sees Uneven Advance on News of QE Program Activity Dollar Traders Keep Ear to Ground for Volatility Until Fed Meet Though the US Dollar has opened the trading week lower, the market’s motivations are […]

The US Dollar’s Moment of Vulnerability

Talking Points: JPY outperforms all as Euro-Zone periphery fears arise. EURJPY, GBPJPY, USDJPY all lose major support. Euro Rebounds Prove Shallow as Euro-Zone Sits on Cusp of Recession October, a seasonally bullish month in the QE era of monetary policy, has been anything but for the US Dollar. This past week was potentially disastrous. The […]

Dollar Weighs Volatility Versus Rate Outlook

Talking Points: Dollar Weighs Volatility Versus Rate Outlook British Pound Tumbles as Rate Forecasts Hit a 2014 Low Euro: Region Starting to Show Signs of Capital Outflow Dollar Weighs Volatility Versus Rate Outlook The Dollar regained its composure this past session, but its fundamental backdrop was doing it few favors. Data, rate forecasts and volatility […]

Top Trade Idea For October 15th, 2014 – EUR/GBP

Yesterday’s UK inflation figures suggested price pressures weakened sharply in September with the CPI dropping to 1.2% from 1.5% previously. This helped to push the first BoE rate hike expectations further out, and sterling was pounded as a result. Today however the pound is making a comeback following the publication of UK jobs data, which […]

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 […]

Week in FX Europe – Dollar Longs Enjoying The Ride

Equities worst week in three years U.S dollar reclaims FOMC losses Dollar crowded trade remains intact If nothing else, the forex space has found some of its lost mojo. Investors are now dealing with strong intraday volatility again and with volatility comes more opportunities. This is certainly a far cry from the countless days of […]

Dollar Bulls need more patience

Central Banks continue to call the shots. If it’s not RBA talk or ECB standing aside, it’s a few nervous and candid Fed members that have upped the stakes in intraday volatility and volume. Speculators and investors don’t care whom or why just as long as there is currency movement – it provides opportunity. The […]

Forex: Dollar Drops after FOMC Weighs in on Currency, But is this a Trend?

Talking Points: Dollar Drops after FOMC Weighs in on Currency, But is this a Trend? British Pound: Rate Forecasts Drop Before BoE Decision Euro Traders Ready for ECB President Draghi Commentary Dollar Drops after FOMC Weighs in on Currency, But is this a Trend? Given the S&P 500’s impressive rally and the Dollar’s tumble this […]

Aussie Dollar Looking Beyond Status-Quo RBA Policy Announcement

Talking Points: Aussie Dollar Flat as RBA Keeps Rate Setting Unchanged as Expected Swiss Franc Unlikely to Find Volatility in September’s Inflation Report Familiar Sentiments from Fed Officials May Do Little for the US Dollar The Australian Dollar was little-changed after the Reserve Bank of Australia opted to keep its benchmark interest rate unchanged at […]

U.S Dollar Confronts Challenges

It’s not unusual to witness a subdued trading session following the release of a U.S. jobs report. While straddling a holiday or two, expect many participants to take some time out and reflect on the dollar’s powerful moves in the third quarter. Investors will be asking after watching the buck soar to such lofty heights, […]

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