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USD to Benefit from FOMC Minutes- AUD Eyes Interim Support
The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is trading 0.42 percent higher from the open after moving a whopping 134 percent of its average true range, and the FOMC Minutes on tap for...
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Gold Sinks Before Fed Minutes, Crude Oil May Follow
Gold is under pressure and crude oil may follow amid speculation about an early unwind of Fed stimulus before the bank publishes minutes from January’s FOMC meeting. Talking Points Gold, Silver Sink...
View ArticleEurozone PMI Data: Pretty Miserable, Indeed
Sub-par Purchasing Managers Index (PMI) readings from Germany and France have driven the EURUSD to fresh lows and triggered renewed fears about the outlook for the Eurozone economy. Weak French and...
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USD Due for Larger Pullback- JPY to Face Shallow Correction
The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is now trading 0.06 percent lower on the day after moving 74 percent of its average true range, and we may see the greenback continue to...
View ArticleThe 2 Strongest Drivers of EUR/USD Prices
Changing Fed policy and the latest US and Eurozone data, while significant, may not have the impact on EUR/USD price action as upcoming growth forecasts and the outcome of the Italian elections. There...
View ArticleFed Hints About the End of Quantitative Easing
The latest FOMC meeting minutes went so far as referencing a potential end to quantitative easing (QE), a development that carries major weight for the dollar, euro, yen, and British pound, among...
View ArticleEuro Drops Against All Counterparts Amid Cyprus Wrangling
Dollar: Would a Dow Jones Industrial Average Lift the USD? Euro Drops Against All Counterparts Amid Cyprus Wrangling Japanese Yen Firms Up after BoJ Kuroda’s First Speech, What Did He Say? British...
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EUR/USD- Trading the German IFO Business Confidence Survey
Trading the News: German IFO – Expectations What’s Expected: Time of release: 03/22/2013 9:00 GMT, 5:00 EDT Primary Pair Impact: EURUSD Expected: 105.0 Previous: 104.6 DailyFX Forecast: 103.0 – 105.0...
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Canadian Dollar Outlook Bullish On Low Budget Deficit, Inflation
Canadian Dollar Outlook Bullish On Low Budget Deficit, Inflation Fundamental Forecast for US Dollar: Bullish USD/CAD- Trading the Bank of Canada (BoC) Rate Decision USD/CAD- Trading Canada’s Consumer...
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Gold Bears Poised as Prices Mount $1600- Cypress In Focus
Gold Bears Poised as Prices Mount $1600- Cypress In Focus Fundamental Forecast for Japanese Yen: Bearish Crude Oil at Risk if Cyprus Weekend Risk Sparks Selloff Gold Stalls ahead of Important...
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Crude Oil, Gold May Rise on Disappointing US Jobs Data
Crude oil and gold may rise if a disappointing US jobs report reinforces the likelihood of continued aggressive stimulus from the Federal Reserve. Talking Points Gold Continues to Sink on Slumping...
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Euro-Zone Retail Sales Decline in February
THE TAKEAWAY: Euro-zone retail sales decline by 0.3% in February – Economic growth in Q1 in question – Euro trading steady Euro-zone retail sales declined by 0.3% in February, slightly better than the...
View ArticleDollar May Fall if Soft US Jobs Data Bolsters Fed QE Outlook
The US Dollar is likely to fall if disappointing US employment data implies continuity of aggressive Federal Reserve stimulus efforts. Talking Points US Dollar to Fall on Fed QE Bets on Disappointing...
View ArticleDollar Sold as Traders Discount Fed Minutes, Eye Claims Data
The US Dollar is facing heavy selling pressure as traders shrug off a supportive set of Fed meeting minutes and look to Jobless Claims data to bolster QE bets. Talking Points US Dollar Falls as...
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Pound Finds Strength on the Back of Record Equity Highs
Watching American equities over the past few weeks has made me want to put on a party hat and blow horns at the close of the markets everyday. This risk-on energy seems to have only strengthened since...
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AUD/USD- Trading the Australian Employment Report
Trading the News: Australia Employment Change What’s Expected: Time of release: 04/11/2013 1:30 GMT, 21:30 EDT Primary Pair Impact: AUDUSD Expected: -7.5K Previous: 71.5K DailyFX Forecast: -20.0K to...
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Euro-zone Crisis Spawns Bitcoin Craze, But Trading EUR/USD Still Safer Bet
The Euro-zone sovereign debt crisis has ravaged European equity markets, ultimately forcing the European Central Bank to pledge the unlimited expansion of its balance sheet to prevent bond market...
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EUR/USD: Trading the Federal Open Market Committee Minutes
Trading the News: Federal Open Market Committee Meeting Minutes What’s Expected: Time of release: 04/10/2013 18:00 GMT, 14:00 EDT Primary Pair Impact: EURUSD Expected: – Previous: – DailyFX Forecast:...
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Euro Rally Continues for a Seventh Day Despite Juncker Pessimism
The Euro is halfway through its seventh day of beating the US Dollar, reaching a new monthly high of 1.3121 during the European session. There was no clear new driver for the Euro bullishness in...
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Gold May Rise on FOMC Minutes, Oil Eyes Earnings Docket
Gold may rise as a dovish set of FOMC meeting minutes boosts anti-fiat demand. Crude oil looks to the fourth-quarter earnings docket to yield risk trend cues. Talking Points Gold, Silver May Rise as...
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