Popular Posts

Forex News»

Opinions»

EUR/USD: One More Leg Lower Before Flattening-Out In Dec – Citi

EUR/USD: One More Leg Lower Before Flattening-Out In Dec – Citi

Nov 21, 2014 14:46
Euro/dollar was hit hard by ECB president Mario Draghi. Can it go further below? The team at Citi sees one more leg down, explains and sets targets for its short EUR/USD...

Majors»

Forex Weekly Outlook November 24-28

Forex Weekly Outlook November 24-28

Nov 21, 2014 16:20
The dollar strengthened quite nicely, with the exception of the loonie, as the US economy and the Fed remain firmly on track. Euro-zone inflation data, US, UK and Canadian...
  • USD/JPY Forecast Nov. 17-21
    USD/JPY Forecast Nov. 17-21
    The US dollar continues to hammer the yen, as USD/JPY jumped about 160 points last week. The yen is in free-fall,...
    on Nov 16, 2014 13:35
  • EUR/USD Forecast Nov. 17-21
    EUR/USD Forecast Nov. 17-21
    EUR/USD traded well within known ranges, supported by some news of growth. A busy week awaits us with an important...
    on Nov 15, 2014 15:00
  • Forex Weekly Outlook Nov. 17-21
    Forex Weekly Outlook Nov. 17-21
    The US dollar had a mixed week, ending higher against the yen and the pound while retreating against the euro and...
    on Nov 14, 2014 16:31

Minors»

AUD/USD Forecast Nov. 17-21

AUD/USD Forecast Nov. 17-21

Nov 16, 2014 18:27
AUD/USD bounced back last week, gaining close to 100 points. The pair closed at 0.8736. This week has six events, led by the RBA minutes. Here is an outlook on the major...
  • GBP/USD Forecast Nov. 17-21
    GBP/USD Forecast Nov. 17-21
    The British pound lost over 200 points last week, closing at 1.5658. This is the GBP/USD’s lowest level...
    on Nov 16, 2014 16:43
  • NZD/USD Forecast Nov. 17-21
    NZD/USD Forecast Nov. 17-21
    The New Zealand dollar had a positive week, climbing back up. Is 0.80 within sight? The main event is the release...
    on Nov 16, 2014 11:40
  • USD/CAD Forecast Nov. 17-21
    USD/CAD Forecast Nov. 17-21
    The Canadian dollar posted modest gains last week, as USD/CAD closed the week at 1.1286. This week’s highlights...
    on Nov 16, 2014 11:25

Basics & Industry»

The Hollywood Indicator

The Hollywood Indicator

Nov 12, 2014 12:51
It is no secret that we traders love it when Hollywood takes a look at our industry, even when we consider that mostly, the treatise will not be complimentary. Is this some...

Recent Articles

Forex Weekly Outlook November 24-28

Forex Weekly Outlook November 24-28

The dollar strengthened quite nicely, with the exception of the loonie, as the US economy and the Fed remain firmly on track. Euro-zone inflation data, US, UK and Canadian GDP data, US Durable Goods Orders,  and housing data are the most important economic releases in the last week of the month. Here is an outlook on

Markets Awash in Liquidity; Loonie Leaps after CPI

Markets Awash in Liquidity; Loonie Leaps after CPI

With the Federal Reserve telegraphing to financial markets that a rate tightening cycle is slowly emerging on the horizon, the liquidity baton used to insulate global growth has been passed on to other developed nations, two of which signaled to markets overnight that the liquidity spigots were far from being turned off. Though many had

Chinese rate cut lifts AUD/USD from the lows

Chinese rate cut lifts AUD/USD from the lows

In the first rate cut in over two years, the People’s Bank of China announced a rate cut. While a move was expected, the timing was surprising from Australia’s No. 1 trading partner. AUD/USD is moving up, flirting with 0.87. This moves saves the pair from a not so good week otherwise. China cut the

EUR/USD: One More Leg Lower Before Flattening-Out In Dec – Citi

EUR/USD: One More Leg Lower Before Flattening-Out In Dec – Citi

Euro/dollar was hit hard by ECB president Mario Draghi. Can it go further below? The team at Citi sees one more leg down, explains and sets targets for its short EUR/USD position: Here is their view, courtesy of eFXnews: CitiFX Technicals retain its strongly bullish medium term view for the USD suspecting that we could see

Canadian inflation rises more than expected – USD/CAD falls off 1.12

Canadian inflation rises more than expected – USD/CAD falls off 1.12

Inflation in Canada is lifting its head: CPI is up 0.1% m/m and 2.4% y/y. Core COI is up 0.3% and 2.3% y/y. This is a beat. While a rate hike is not on the cards, the BOC could change its stance. USD/CAD is trading lower, getting closer to 1.12. Update: the pair is dipping below this

Pound consolidated lower across the board

Pound consolidated lower across the board

The pound consolidated lower against a range of currencies this week. Early on, both HSBC and Barclays announced that they would be pushing back their expectations for an interest rate hike by a full year, to the first quarter of 2016 and third quarter of 2015 respectively. GBP/USD fell to a low of 1.5595 as

Draghi Drama, Jumping Japan, State of US Housing, FOMC minutes rundown and OPEC – Market Movers #25

Draghi Drama, Jumping Japan, State of US Housing, FOMC minutes rundown and OPEC – Market Movers #25

A packed show begins with US housing and its very close correlation to growth. We then run down the FOMC Meeting Minutes and continue to more exciting events: the political turmoil in Japan which is rocking the yen, and what’s going on in the zone. We finish with OPEC’s upcoming meeting and what it means for

USD has room for more gains against EUR and GBP: Elliott Wave Analysis

USD has room for more gains against EUR and GBP: Elliott Wave Analysis

The USD is rallying this morning on Draghi’s comments. The ECB president says that they will seek to raise inflation as fast as possible, that the economic situation remains difficult and that a stronger recovery is unlikely in coming months. EURUSD is down, currently around 1.2460 as USD Index turns up towards 88.00. Based on

Dovish Draghi sends EUR/USD below 1.25

Dovish Draghi sends EUR/USD below 1.25

Draghi says he will seek to raise inflation as fast as possible and says that the economic situation remains difficult and that a stronger recovery is unlikely in coming months.  He is ready to step up action if needed including broadening the purchases if inflation risks materialize. The president of the European Central Bank Mario

USDJPY unstable

USDJPY unstable

It’s not often you have a Japanese official talking about the yen being too weak, but we did overnight, something which put pay to the up-move in USDJPY. Finance Minister Aso said the recent decline had been too fast, which lead to USDJPY reversing from the 118.98 high. The move has been a combination of