Weekly Fundamental Forecast: The Week Ends with Raised Trade War Threats from Trump, ECB and BoE Rate Decisions Ahead

Fundamental traders are finding it difficult to determine exactly what to keep tabs on for generating volatility in the markets. Is the escalation of the US-led trade war with another $ 267 billion tariff threat on China and not-so-subtle threat to pull Japan in more market-moving than scheduled events like the ECB and BoE rate […]

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US Dollar Index – Rally from Trendline Could Fail at 100.66

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts Real Time Positioning -The last DXY update noted that “the mentioned trendline has held (low was 98.86). The trendline hold is clearly a positive in the very near term. 100.39 (maybe a little higher…like 100.66) is still of interest for resistance.” 100.39 has […]

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NZ Dollar Gets Support From Upbeat Data Deluge

Talking Points The New Zealand Dollar got some pre-Christmas cheer on Monday A raft of data from its home country came in strongly Perhaps a bit too strongly in terms of the Auckland housing market The New Zealand Dollar gained against its US cousin on Monday after a raft of encouraging data out of its […]

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Euro Ignores Good Economic Data from Greece – and Everywhere Else

Talking Points – Greek GDP and Euro-Zone industrial production beat estimates… – …but data won’t alter expectations on ECB action. – EUR/USD hits new lows as Dollar strength endures broadly. Positive data is doing nothing to lift the beleaguered Euro as we cross into the ides of November. Greek growth has risen for a second […]