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 […]

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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 […]

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Strong Start To US Earnings Season Bodes Well For Rate Rise Expectations

Talking Points – JPMorgan, Citigroup and Wells Fargo all beat EPS forecasts. – Their results were buoyed by higher interest rates. – The positive results suggest the Fed will continue to tighten monetary policy. See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for the […]

USD/CAD in Focus Ahead of Canada CPI data as Oil Prices Rise

Talking Points: – USD/CAD finding support around 1.30 following four days of consecutive declines – Canada CPI figures headline the economic calendar today – “Fed-speak” and Baker Hughes also on the docket for potential influences The USD/CAD found some support around the big 1.30 figure following four days of consecutive declines, as the Fed opted […]