The U.S. dollar was mixed against the major currencies on Thursday, after yesterdays news that the Fed was leaving its economic stimulus program unchanged caused the dollar to plummet. This morning’s release of strong U.S. economic data, helped recover yesterday’s losses against the yen, but the euro managed to hold onto yesterday’s gains. This mornings […]

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By Ilya Spivak Prices bounced higher after putting in a bullishPiercing Line candlestick pattern A break above resistance at 1.3534 (61.8% Fib) exposes 1.3636 (76.4% Fib) Support now at 1.3452 (50% Fib), followed by 1.3416 (June 19 high)

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By Kathy Lien The U.S. dollar is trading higher against all of the major currencies this morning on the back of comments from Fed President and FOMC voter James Bullard. Thanks to Bullard we don’t have to wait for the Fed minutes to get a better sense of how tough the decision to maintain asset […]

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By Kathy Lien How Fed’s Choice to Play it Safe Impacts the Dollar GBP Rally Stalled by Surprise Decline in Retail Sales EUR Extends Gains, SNB Upgrades GDP Forecast NZD: 10 Days of Uninterrupted Gains CAD: Stronger Wholesale Sales AUD: Profit Taking Behind the Recovery in USD/JPY USD: Government Shutdown, Currency Wars Some investors may still […]

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The U.S. dollar was broadly higher against most major currencies on Friday after St. Louis Federal Reserve Chairman James Bullard, told reporter that the taper decision was a close run thing and there is a possibility the Fed could taper in October. Bullard’s comments come after the Fed shocked markets on Wednesday by holding back […]

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By Ilya Spivak, Prices bounced higher after putting in a bullishPiercing Line candlestick pattern A break above resistance at 1.3534 (61.8% Fib) exposes 1.3636 (76.4% Fib) Support now at 1.3452 (50% Fib), followed by 1.3416 (June 19 high)

The post Chart Of The Day For September 20th, 2013 – EUR/USD appeared first on ForexNews.com.

     By  Ilya Spivak Prices bounced higher after putting in a bullish Piercing Line candlestick pattern Resistance is at 1.3370 (38.2% Fib); a break above that targets 1.3416 (June 19 high) Near-term support is at 1.3268 (23.6% Fib), followed by the Sep. 6 low(1.3104)

The post Chart Of The Day For September 18th, 2013 – EUR/USD appeared first on ForexNews.com.

It’s finally upon us, in a few short hours the FOMC meeting will conclude and Fed Chairman Ben Bernanke will put us all out of our misery and let us know if it will indeed end up being Sep-taper. Whenever you talk about changes to US monetary policy it’s always worth keeping a close eye […]

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By Boris Schlossberg Market Drivers September 18, 2013 AU Westpac LEI shows good improvement helping Aussie UK MPC minutes votes 0-9 on QE boosting pound Nikkei -.32% Europe 0.29% Oil $106/bbl Gold $1305/oz. Europe and Asia: AUD LEI 0.6% vs. 0.0% GBP MPC votes 0-9 on QE minutes reveal North America: USD Housing Starts 8:30 USD […]

The post Pre FOMC Cable Leads As Minutes Reveal No More QE appeared first on ForexNews.com.

By Kathy Lien The focus this morning for the forex market is on the euro and rightfully so given this weekend’s German elections and this morning’s Eurozone PMI reports. Economic activity in the Eurozone accelerated in the month of September, fueling hope that the region is poised for a stronger recovery that could bridge the […]

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By Kathy Lien Investors sold dollars aggressively on Wednesday but less than 24 hours after the Federal Reserve decided not to taper asset purchases the greenback recovered all of its losses against the Japanese Yen and is trading higher against sterling. The euro, Swiss Franc, New Zealand and Canadian dollars extended their gains against the […]

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By Ilya Spivak, Prices bounced higher after putting in a bullishPiercing Line candlestick pattern Buyers are now testing resistance at 1.3534 (1.3534); a break higher targets 1.3636 (76.4% Fib) Near-term support is at 1.3452 (50% Fib), followed by 1.3416 (June 19 high)

The post Chart Of The Day For September 23rd, 2013 – EUR/USD appeared first on ForexNews.com.

Setup to Short the Euro This morning, European Central Bank President Mario Draghi said that interest rates would remain at current or lower levels for an extended period of time. The euro initially climbed on this news, as traders chose to view the extended period of low interest rates as a ‘glass half-full’ scenario. Then, […]

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The dollar fell across the board on Wednesday after the Fed announced it will continue to buy bonds at its current rate, until it sees significant and sustained improvement of the economy. The news came as a shock to the market, which had been expecting the Fed to taper by at least $10 billion dollars. […]

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By Boris Schlossberg Market Drivers September 20, 2013 Kuroda – will keep QE expansive until inflation reaches 2% German election this weekend not much of impact on euro Nikkei -.16% Europe -0.15% Oil $106/bbl Gold $1356/oz. Europe and Asia: GBP UK Net Borrowing 11.5B vs. 11.9B North America: CAD CPI 8:30 EUR Consumer Confidence 10:00 A […]

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The USD is currently buoyed by the “sugar hit” of the surprise of unreduced stimulus. With another FOMC meeting coming up, at some stage markets are likely to start fretting about tapering again – and the USD should strengthen. One of the difficulties is trading this theme is the fact so many other central banks […]

The post Top Trade Idea for September 20th, 2013 – USD/SGD appeared first on ForexNews.com.

By Boris Schlossberg Market Drivers September 23, 2013 Merkel wins – but fails to get absolute majority forcing coalition negotiations EZ PMI show Manufacturing retreat while Services continue to expand Nikkei closed Europe -0.21% Oil $104/bbl Gold $1328/oz Europe and Asia: CNY HSBC PMI 51.2 vs. 50.9 EZ PMI Manufacturing 51.1 vs. 51.8 EZ PMI […]

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By Kathy Lien Time to Shift Focus to the Euro GBP Rally Stalled by Surprise Decline in Retail Sales GBP: Fiscal Finances Improve The Ongoing Resilience of NZD CAD: Inflationary Pressures Continue to Ease AUD: Extends Losses on Back of Lower Gold Prices JPY – Abe Considers Ways to Offset Consumption Tax Increase Time to […]

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By Kathy Lien With only a few hours to go before the FOMC rate decision, the U.S. dollar is trading quietly mixed against all of the major currencies. The last time the Federal Reserve held a monetary policy meeting was 7 weeks ago and we have seen quite a bit of economic releases since then. […]

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Lack a Directional Bias? No problem! Look for those new 52-week highs. For today’s set up, it will be important to balance a longer-term approach that will develop on some shorter-term price action. The EUR/JPY has pushed higher to a new 52-week high on the weaker U.S. dollar and all-times highs in the Dow which […]

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