Weekly Trading Forecast: Dollar to Clarify Reversal Ambitions, RBA and BoE Ahead

US Dollar Forecast: Dollar Descent Continues as U.S. Markets Stare Down NFP, PCE The USD Pain Trade has continued for another week as the Fed laid the groundwork to begin Quantitative Tightening. Key inflation and employment prints on the docket for next week will likely keep the Greenback on the move. British Pound Forecast: Trending […]

Trading Outlook Ahead of FOMC: US Dollar, Cross-rates, Gold Price & More

Join Paul Tuesday-Friday for webinars each week, for details please see the Webinar Calendar. Today, we took a look at markets ahead of the FOMC announcement. Expectations are for another 25-bps hike, where the ‘surprise’ element could come into play is in regards to future signaling for the remainder of the year. For live coverage […]

Australian Dollar Muted on Neutral RBA, Economic Data Risk Ahead

Talking Points: Australian Dollar little moved following the RBA monetary policy announcement The central bank left rates at 1.50%, seeing it at a proper level for the economy Australian GDP data is due on Wednesday, China CPI and trade balance follow What do retail traders’ buy/sell decisions hint about the Australian Dollar trend?Find out here. […]

DAX – More Selling Ahead? Keep an Eye on These Levels

What’s inside: DAX trying to follow through on yesterday’s minor reversal 12660 area key resistance in the near-term Looking lower below 12400 lies the biggest interest from a dip-buying perspective Find out what’s driving global equity markets in our market forecasts. The other day we took a close-up look at the DAX on the hourly […]

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Euro on Edge During Holiday-Shortened Week Ahead of French Elections

Fundamental Forecast for EUR/USD: Neutral – French-German yield spreads widening back out, reflecting the market’s uncertainty over the outcome over the French election. – The retail crowd remains net-long EUR/USD, which as a contrarian indicator means losses could persist. – See how the French elections fit in with our Q2’17 EUR/USD forecast. The Euro lost […]

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USD/CAD Testing Resistance Ahead Dueling US & Canadian Jobs Data

Talking Points USD/CAD Longs at risk ahead of key US/Canada data prints Updated targets & invalidation levels Looking for more trade ideas? Review DailyFX’s 2017 Trading Guides. Join Michael for Live Weekly Trading Webinars on Mondays at 13:30GMT (8:30ET) USDCAD 120min Technical Outlook:USDCAD is testing near-term channel resistance & heading into the close of the […]