Welcome to The Traders Podcast. It’s Monday, January 19, 2015, and this is Episode 326. In this show your host Rob Booker describes where grit comes from and how people generally go about obtaining it...
The following are the expectations for today's January FOMC meeting as provided by the economists and FX strategists at 20 major banks. Goldman: We expect only limited changes to the FOMC statement at the January meeting, with an overall slightly dovish tilt likely...
Shaun Osborne, Chief FX Strategist at TD Securities, believes that unless USD/CAD makes a new high the chances of the pair seeing a sustained correction will rise. Key Quotes “We remain conviction CAD bears from a fundamental perspective—and not just against the USD...
Gregor Horvat of EW-Forecastuses Elliott Wave Analysis to predict that AUD/USD may move towards 0.7700/0.7850 levels, with the current rally being part of a correction...
There were many casualties in the run-up to the European Central Bank’s decision to introduce Quantitative Easing, and those casualties beget other casualties as well...
Stronger than expected core inflation numbers for the final quarter of 2014 have helped to quash rumours that the RBA may cut the OCR at its monetary policy meeting next Tuesday, sparking a rally in the Australian dollar. AUDUSD jumped through 0...
The Dow Jones FXCM Dollar Index (ticker = USDollar) notched its first two-day decline in seven weeks with Tuesday’s close. However, that shouldn’t be taken as a particularly ominous sign...
US DOLLAR TECHNICAL ANALYSIS Prices put in a Shooting Star candlestick pattern below multi-year resistance, hinting a pullback may be ahead. A daily close below the 23.6% Fibonacci expansion at 11772 exposes the resistance-turned-support at 11715, the January 8 high...
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance) by John J. Murphy John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets...
NZD/CAD: Holding to the Longs The pull back last week in the pair offered a good opportunity to step in. For that reason positions have been opened for this pair based on the analysis described in my article Weekly Review Strategy Wk03...
For the January employment report, scheduled for release on Friday, February 6, Barclays is looking for nonfarm payrolls to rise by 250k and private payrolls to expand by 240k. "The difference is government payrolls, which we expect to increase by 10k...
Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained the outlook forGreece and Russia remain core risks to EUR paths. Key Quotes: "EUR is struggling to retrace recent weakness, into the NA open it is up 0.3%, having retraced 1.6% from its low yesterday of 1.1098...
The shared currency is closing another day of gains, with EUR/USD now inching higher towards the 1.1370/75 band. EUR/USD eyes on the FOMC The bid tone around the EUR remains well and sound at the end of the NA session on Tuesday, while markets get ready for the key FOMC meeting due tomorrow...
EUR/USD rose briefly above the 1.1400 level and reached its highest level in 5 days as disappointing US durable goods orders added pressure on an already weakened greenback...
Risk sentiment was stable in Asian hours, with US stock futures trading broadly flat at the time of writing. In G10 FX the JPY was among the strongest currencies. According to Japan government adviser Itoh, the JPY is likely to appreciate due to very strong anti-deflation policies...
IN: now tragets EUR/USD at 1.10 in 1Q15, 1.05 in 2Q15 , 1.03 in 3Q15 and parity in 4Q15. ING is also targeting EUR/USD 0.90 by the end of 2016. ING Groep N.V...
Close sell trade...
Basically, they are telling us that, in spite of the impressive growth of the US dollar in 2014, the dollar is still valid. BMO Capital: The outlook on currencies for 2015: PS: indicators that you can use in your trading system. Good Luck...
After the EURUSD collapsed to yet another 11-year low at 1.1097 following the outcome of the general election in Greece, the Euro bulls managed to recover lost ground against the USD on Monday with the pair advancing as high as 1.1290...
