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 […]

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. […]

US Dollar Seesaws After FOMC Minutes, June Hike Still Likely

Talking Points: FOMC statement references rate hikes and balance sheet adjustment, but lacks certainty June hike still likely with officials stating tightening appropriate ‘soon’ Almost all Fed officials favor starting to shrink balance sheet in 2017 Keep up with all the latest market events – including Fed speeches – on theDailyFX Economic Calendar The US […]

Australian Dollar Buffeted By China Industrial-Production Miss

Talking Points: China’s economic data dump was a mixed affair However, the inescapable low point was industrial production’s miss The Aussie slipped after that, but has recovered Get live coverage of major Asia/Pacific economic events. Check out the DailyFX webinars. The Australian Dollar took a modest knock Monday following a torrent of Chinese economic data […]

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Aussie Dollar Gains as RBA’s Lowe Says Rates Can’t Be Low Forever

Talking Points: The RBA Governor reiterated that record–low rates won’t be around forever, even if they don’t rise soon The market has heard similar things before and didn’t move far Household debt levels continue to worry the RBA Track traders’ sentiment towards the Aussie Dollar and all the Asia/Pacific majors here. The Australian Dollar was […]

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US Dollar Index Trendline; Can it Finally Break?

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts Real Time Positioning -“DXY held trendline support at the March low and just found resistance from the median line of the 2016 channel. I don’t have a strong opinion on direction right now but the barriers are the January-March line and 2016 trendline. […]

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COT-Largest Australian Dollar Speculative Long Position in a Year

Largest AUD speculative long position in a year Speculators piling on CAD short positions Mexican Peso small traders hold largest long position since June 2014 Subscribe to Jamie Saettele’s distribution listin order to receive several free reports per week Check out the DailyFX trading guides and forecasts for ideas and education. The COT Index is […]

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Gold Hindered by Dollar Rebound

Fundamental Forecast for Gold: Bearish Prime Minister May’s official letter to start the Brexit proceedings haven’t added to the Pound’s troubles Moving forward, focus remains on the UK’s separation through negotiation progress and friction Top scheduled event risk ahead for the Sterling includes BoE Governor’s speech, UK trade, PMIs Gold is suffering as a strong […]