The following are the expectations for today's FOMC minutes from the January meeting as provided by the economists at 15 major banks. Goldman Sachs: The January FOMC statement was largely in line with expectations, with a marginally dovish shift in language...
WTI Crude has opened inside Value at Nymex. By using its negative correlation with USD/CAD - which looks like price will open above value, indicating more upside for the pair - I would like to wait until Crude falls closer to VAL. Ideally at that point I would like to see USDCAD hit supply at 1...
As we noted yesterday, this week is shaping up to be an important one for the euro from a near-term timing perspective as various cyclical relationships will be aligning over the next couple of days...
This has never happened in the history before - no one has ever left the European Union yet. And Greece and its European partners hardly want this outcome...
Another 25.0K contraction in U.K. Jobless Claims may encourage an improved outlook for the real economy, but the lack of stronger wage growth may generate a limited market reaction in GBP/USD as the Bank of England (BoE) remains in no rush to normalize monetary policy...
Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1276, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro remains in digestion mode after bottoming as expected against the US Dollar following the appearance of a bullish Morning Star candle pattern...
Talking Points: USD/JPY Technical Strategy: Flat Support: 118.15, 118.01, 116.17 Resistance: 120.82, 121.91, 123.88 The US Dollar may be preparing to renew its push higher against the Japanese Yen after retesting a recently broken Triangle pattern top. Near-term resistance is at 120...
Talking Points: British Pound Unlikely to Find Fuel in BOE Minutes, Jobless Claims Figures US Dollar Disproportionally Vulnerable to Drop on FOMC Meeting Minutes See Economic Releases Directly on Your Charts with the DailyFX News App The release of minutes from this month’s Bank of England policy...
AUD/USD: Short One short position with a traling stop is still open for the last three weeks. See for more information my weekly reviews on my strategy pubished in the last 3 weeks...
The word Grexit has once again entered the financial vocabulary, after talks on Greece's future within the eurozone collapsed on Monday. But somehow, the word -- shorthand for Greece's exit from the eurozone -- is not freaking out global markets as much as it once did...
The EUR/USD declined around 50 pips from the 1.1450 traded in the European session and currently it is testing sub-1.1400 prices just after Greece's PM Tsipras comments...
Greece moved one step closer to a euro exit after the euro zone’s finance ministers said there will be no more talks on financial support unless the Greek government requests an extension of its existing bailout program...
Why are economic events important to currency traders? A currency is a proxy for the country it represents, therefore the economic health of that country is priced into the currency. Economic indicators measure the health of an economy...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD. EUR/USD: is still flipping around in the 1.1000-1.1550 range with the Greece impasse continuing. The pair is finding it extremely difficult to even break through 1.1250-1.1500...
After metals such as Gold and Silver recorded unexpected gains towards the latter end of last week, there are some indications the bullish momentum is beginning to slow. Since smashing its way to $17.40, Silver appears to be at risk to dropping back below $17 after pulling back to $17...
In a new report, Bank of America Merrill Lynch Global Research warned that it sees a “non-negligible” risk that China’s government will surprise the market by slashing the value of its currency...
Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1276, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro continues to stall having carved out a bottom against the US Dollar as expected after showing a bullish Morning Star candle pattern. Near-term resistance is at 1...
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