US Dollar Eyes CPI But Geopolitics May Trump Data Impact

Talking Points: Yen gains while Aussie, NZ Dollars sink as risk aversion extends to Asia US Dollar may be forced to look past CPI data amid geopolitical jitters Are FX markets matching DailyFX forecasts so far in Q3? Find out here The sentiment-linked Australian and New Zealand Dollars slumped while the perennially anti-risk Japanese Yen […]

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 […]

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 […]

Dollar Drop to Eight-Month Low Fires Euro, Pound Higher

Talking Points: – Dollar weakness continues to drive as we near the close of Q2, and this has created outsized rallies in European and British counter-parts. – Gold prices continue to fall as indication of increasing inflation expectations that are percolating through many major economies. – For trading ideas, please check out our Trading Guides. […]

Dollar Rise Cut Short, Bitcoin Volatility Cools, Oil Bear Trend In Doubt

Talking Points: The Dollar’s inverse head-and-shoulders break was scuttled, and Yellen’s views next week will struggle to revive the move A central bank forum (ECB, BoE, BoJ, BoC) can stir up relative policy pressure, but its scope will likely be grander Top volatility hopes – Dollar, oil and Bitcoin – are universally cooling meaning the […]

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 […]