Video: ECB and BoJ Decisions More Than Euro and Yen Events

Talking Points: There are two drivers (currencies) for every exchange rate, but that doesn’t mean the influence is equally weighted Big moves from EUR/USD, AUD/USD and GBP/USD speak to major breakouts or reversal, but opportunity depends on motivation We look at equally-weighted indexes for the Dollar, Euro, Pound and Aussie Dollar to establish which is […]

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. […]

Euro Positioned to Continue Rally versus Greenback, Commodity Currencies

Fundamental Forecast for EUR/USD: Bullish – Continued rise in US political risk has increased Euro’s appeal versus US Dollar, particularly as timeline for US fiscal stimulus appears to have been pushed back significantly. – The retail crowd still isn’t buying into the EUR/USD rally – which means it may have more room to run yet. […]

Euro-Falls-After-Macron-Win-Yen-May-Rise-on-Risk-Aversion_body_Picture_4

Euro Falls After Macron Win, Yen May Rise on Risk Aversion

Talking Points: Euro falls even as Macron wins French presidential election NZ Dollar before RBNZ meeting, Aussie falls after China data Japanese Yen may rise as sentiment sours around the markets The Euro declined even as market favorite Emmanuel Macron emerged victorious in the second round of the French presidential election. As argued previously, the […]

Euro-on-Edge-During-Holiday-Shortened-Week-Ahead-of-French-Elections_body_Picture_6

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 […]

Euro-Stable-on-Election-Day-in-the-Netherlands_body_EUR-USD_20170315_16

Euro Stable on Election Day in the Netherlands

Talking Points – The Euro was broadly steady Wednesday as investors took the view that there was little event risk in the Dutch elections. – Geert Wilders’ Freedom Party, which wants to take the Netherlands out of the EU, close mosques and ban the Koran, was seen as having little chance of taking power. – […]

Euro-Surges-Driving-EURUSD-150-Pips-Higher-In-Extreme-Illiquidity_body_Picture_1

Euro Surges, Driving EUR/USD 150 Pips Higher In Extreme Illiquidity

Talking Points: A EUR/USD surge in the ‘after hours’ Thursday night rippled through the FX market Periods around market holidays are known for illiquid trading conditions There were no obvious headlines promoting the dramatic move Would you like to know more about trading currencies or commodities? Check out our DailyFX webinars. A seemingly quiet transition […]