Analyst Pick: Bearish NZD/USD

NZD/USD Trade Highlights: The New Zealand Dollar has seen one risk event pass with the formal adoption of a dual mandate by the RBNZ This was probably quite well priced, as it had been well flagged However, it is likely to weigh on a NZD/USD pair already looking heavy Find out just what makes the […]

Bearish Canadian GDP Print Fails to Push Loonie In Either Direction

– Canadian annualized GDP grew at a decelerating pace in the 4th quarter: 1.7% vs 2.1% estimated – Household consumption exhibits signs of weakness while investment remains strong – USDCAD doesn’t hold onto gains has Loonie trades narrowly – See the DailyFX Economic Calendar for upcoming economic data and for a schedule of live coverage […]

USD Strategy for Bullish and Bearish Scenarios as the Dollar Remains Near Lows

Talking Points: – This week’s economic calendar is back-loaded, with little by way of excitement until Wednesday and Thursday of this week. Wed marks the start of the Fed’s twice-annual testimony in front of Congress, and the Bank of Canada announces an interest rate decision. – The U.S. Dollar remains near 10-month lows as we […]

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EUR/GBP Pending Bearish Breakout

Market Condition: EUR/GBP Pending Breakout Target 1:______2X ATR at .8189 Target 2:______4X ATR at .8065 EUR/GBP, Daily Chart with ATR (Created Using IG Charts) The EUR/GBP has retraced off of its yearly lows with week, allowing traders to plan for the markets next breakout. As seen on the daily graph above, traders may plan for […]