Almost one month ago I mentioned two areas on AUDJPY that were likely to test bullish conviction. The first area of resistance broke down the very next day and triggered what would eventually become a 330-pip rally. The second area, on the other hand, was much stronger than the first. The 86...
Weekly Trading Forecast: Dollar Slide and Euro, Equity Rallies Temper Yellen cut the legs from under the Dollar, but the currency hasn't simply collapsed. Market conditions may be tempering fundamental drive heading into the new quarter...
The European Union (EU) is confronting a series of potentially existential threats, including the refugee crisis, ISIS terror, Russian adventurism, and Brexit (the potential exit of the U.K. from the EU...
Economists are forecasting that a healthy 205,000 jobs were created in March, but the numbers may not add up as expected. Key in Friday's March employment report will be average hourly wages, expected to rise 0.3 percent and the labor participation rate, which has been edging up since October...
I look at every theory and have read every good book on trading. I worked 15 years in the city with top league firms like Credit Suisse and Deutsche Bank. Whatever I try always brings me back to my original trading method...
According to analysts from Danske Bank the jobs report showed that growth continues in the sector and the manufacturing data points to a positive turn in the cycle...
The following are the latest technical setups for USD/JPY, GBP/USD, USD/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. USD/JPY: We are bearish and look for further downside towards support near 110.65, the year-to-date lows...
Analysts from Lloyds Bank expect that the FOMC minutes from the March meeting (to be released on Wednesday) to provide signals on whether the majority really intended to signal greater reluctance to raise interest rates...
NZD/USD managed to erase most of the day’s losses during the last hours and rose back toward 0.6900, as stocks in Wall Street reversed to the upside dramatically. Down and up After the release of US economic data NZD/USD bottomed at 0.6833, 3-day low; but then it rebounded...
EUR/USD recovered from daily lows and returned to positive ground for the day as the greenback failed to sustain nonfarm payrolls-inspired gains. EUR/USD bottomed out at 1...
According to analysts from Danske Bank, next week the most important release will be the ISM non-manufacturing index while they don’t expect significant news from the FOMC minutes. “In the US, next week will be light in terms of new data...
According to analysts from Danske Bank, EUR/USD is likely to stay in ranges during the next 1 to 3 months as is not yet the time to move toward their 12-month target at 1.18...
Regarding the USD, we have been a bit surprised about the significant upward move in EURUSD despite the recent relatively strong US data. In our view this illustrates that the cross is increasingly giving in to fading policy divergence of the ECB vs...
Analysts from Lloyds Bank point out that today’s US employment numbers show a solid report even with the rise in the unemployment rate, indicating that markets become too negative about the outlook for interest rates. “Overall this is a solid report even with the rise in the unemployment rate...
Analysts from Lloyds Bank point out that today’s US employment numbers show a solid report even with the rise in the unemployment rate, indicating that markets become too negative about the outlook for interest rates. “Overall this is a solid report even with the rise in the unemployment rate...
Analysts from Wells Fargo, explain that beyond the 215K gain in the NFP, labor costs continue to rise, consistent with a tightening labor market and noted that structural unemployment persists. Key Quotes: “Overall job growth in March was a solid 215,000...
An Economics Education by Bitcoin - Part III By Brian Blum There are a number of these Web-based Bitcoin wallets from which to choose, and they have different features, costs, and reputations to review and consider. Do you need merchant tools? Do you need currency exchange services...
The Fed will continue exerting a crucial influence on the US dollar’s exchange rates according to Esther Reichelt, analyst at Commerzbank. However she noted that near-term, there is little to suggest a stronger dollar...
The AUD has been in demand for most of this year. A combination of improving global risk sentiment on the back of several central banks more dovish stance and improving domestic conditions to the benefit of RBA monetary policy expectations have been driving this year’s developments...
