FX Street Forex News
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DailyFX Forex News
- Aussie Weakness via AUD/USD, EUR/AUD, GBP/AUD Driven by Data, Techs
AUDUSD came within a few pips of testing the yearly low at $0.8659 overnight.
- EUR/USD to Face Larger Rebound on Dismal ISM Manufacturing
A marked downturn in the ISM Manufacturing survey may undermine the bullish sentiment surrounding the dollar as it dampens the outlook for growth and inflation.
- Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low
The precious metals remain in a precarious position as broad-based US Dollar strength threatens to weigh on the alternative assets.
- Dollars Current Bull Leg Strongest since Rally Through Crisis
If we close the upcoming session green, it will be the longest string of gains for the benchmark currency since September 2008 – the height of the financial crisis
- US Dollar Soars Before Key Data, Pound May Fall on Soft PMI
The US Dollar rallied ahead of key event risk due to inform the Fed policy outlook. The British Pound may decline if soft PMI data weighs on BOE rate hike bets.
- Scalping the AUDCHF Reversal- 8360 Resistance in Focus
An outside reversal candle today off technical support shifts our near-term focus back to the topside of AUDCHF. Here are the updated targets & invalidation levels.
- EUR/USD Downside Targets in Focus- Gold Eyes Key $1,179 Support
The Euro remains vulnerable to a further decline, while Gold may make a more meaningful run at the key $1,179 support region as the bearish momentum remains in play.
- USD/CAD Achieves C$1.1200 as Canadian GDP Falls Flat in July
The July Canadian GDP data released this morning showed the weakest monthly growth rate since December 2013.
- Next EUR/USD Leg Lower Begins; Trade Opportunities in EUR/AUD, EUR/GBP
Faster disinflation in the core Euro-Zone CPI figure has triggered the next move lower in the EUR-complex.
- Euro May Be More Responsive to Positive vs. Negative Inflation Data
The Euro may prove asymmetrically more responsive to a positive versus a negative outcome on September’s preliminary Eurozone CPI data.
FNC Forex News
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ForexTV Forex News
- This is how QE ends, not with a bang but with a whisper
The NY Fed has released the final schedule for bond buying. The last person to sell his/her bonds to the Treasury Dept will be on Oct 28 at 11 am ET in maturities expiring from 2036-2044. So will end a program that has spent so much ($4 trillion) to enrich so few. The post This is how QE ends, not with a bang but with a whisper appeared first on ForexTV.
- Treasuries getting whacked ahead of quarter-end
This is why you stay cautious ahead of quarter end. US 10s The post Treasuries getting whacked ahead of quarter-end appeared first on ForexTV.
- Catalonia backing down on independence vote
Catalonia’s government has decided to accept yesterday’s decision from Spain’s Constitutional Court and will not promote the Nov 9 referendum on independence. Catalonia will fight the Constitutional Court decision legally but I highly doubt that will work. “As a precautionary matter, we can’t put … The post Catalonia backing down on independence vote appeared first on ForexTV.
- Italy GDP to fall 0.3% in 2014 – Finance Minister
Italian Finance Minister Padoan officially lowered GDP forecasts Reuters had previously reported that the GDP forecast would be cut to -0.2% to -0.3%. Padoan forecasts GDP will rise 0.6% in 2015. The consensus is -0.2% this year and +0.8% so those are some conservative estimates. They see the deficit-… The post Italy GDP to fall 0.3% in 2014 – Finance Minister appeared first on ForexTV.
- PIMCO new CIO Ivascyn: We’re comfortable with our current positions
Ivascyn is on CNBC: He says the firm still believes in “New Normal” They’re constructive on Brazil and Mexico Expects rates to stay low in the months ahead The post PIMCO new CIO Ivascyn: We’re comfortable with our current positions appeared first on ForexTV.
- Technical Analysis: GBPJPY coiling like a snake
The GBPJPY is coiling like a snake that has not eaten in a month. It is time for a kill. It is time to make a move. Snake = GBPJPY Looking at the hourly chart, the pair’s range is narrow. The 100 and 200 hour MA are converged. Today, the high… The post Technical Analysis: GBPJPY coiling like a snake appeared first on ForexTV.
- October FX seasonals: Euro riding a 5-year winning streak
The euro has been battered over the past five months, declining 10% since May 7 but it’s always darkest just before dawn. A bounce is long overdue but it needs a catalyst. One thing it has going for it is a bit of seasonal strength, at least recently. Over … The post October FX seasonals: Euro riding a 5-year winning streak appeared first on ForexTV.
- Miles: Still useful for BOE to stay future rate rises will probably be gradual
Comments from Bank of England MPC member David Miles at the London School of Economics. Giving specific path on rates too complicated to be useful In August, Miles had cautious but generally optimistic comments on the UK economy and said inflation looks subdued He’s generally The post Miles: Still useful for BOE to stay future rate rises will probably be gradual appeared first on ForexTV.
- Technical Analysis: NZDUSD stalled the downside momentum but not rising either
The NZDUSD took it on the chin yesterday on the back of proof that the Reserve Bank of New Zealand has been intervening in the market (i.e. selling the New Zealand dollar). The sharp and quick fall, took the price down to 0.77102 which is near the low levels from 2013 between 0.7682 … The post Technical Analysis: NZDUSD stalled the downside momentum but not rising either appeared first on ForexTV.
- It was a month to remember for the US dollar
US dollar longs were an incredible trade in September, right across the board. Performance versus USD in Sept 2014 The post It was a month to remember for the US dollar appeared first on ForexTV.
Fresh Pips Forex News
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TFN Forex News
- German, Eurozone Data Weigh on Euro
Euro is seeing more weakness today, and that’s not surprising, given the latest economic data out of the eurozone. Also not helping matters is the fact that the latest data out of Germany is disappointing as well. With the eurozone economy continuing to flounder, the more likely it is that ECB will take increasingly drastic steps to try to stimulate the situation. (…)Read the rest of German, Eurozone Data Weigh on […]
- Loonie Continues to Weaken Against the Greenback
The Canadian dollar continues to weaken against the greenback, thanks in large part to the recent difficulties with oil prices, and with commodity prices in general. The loonie is still maintaining its gains over the European currencies, though, mainly because of the relative strength of its economy. (…)Read the rest of Loonie Continues to Weaken Against the Greenback (122 words) Posted on Forex News.
- UK Pound Sees Some Help From Economy
UK pound is seeing a little help today in Forex trading. While there is still a trend toward overall uncertainty that is keeping the pound down against currencies like the dollar and the yen, sterling is gaining ground against the euro again. (…)Read the rest of UK Pound Sees Some Help From Economy (132 words) Posted on Forex News.
- US Dollar Strengthens on Uncertainty and Unrest
Greenback is heading higher again, thanks in large part to the uncertainty and unrest that continues to plague the world. Also helping the US dollar is the latest economic news, which is fueling speculation that interest rate hikes could come sooner rather than later. (…)Read the rest of US Dollar Strengthens on Uncertainty and Unrest (121 words) Posted on Forex News.
- Euro Expected to Remain Lower
Euro is mostly lower today against its major counterparts, and is expected to remain weak for some time. The latest inflation figures are about to be released, and policymakers have already indicated their willingness to do what it takes to weaken the euro in the name of economic stimulus. (…)Read the rest of Euro Expected to Remain Lower (131 words) Posted on Forex News.
- Yen Drops After Inflation Data
Japanese yen is lower against its major counterparts following the release of the latest inflation data. The Japanese economy continues to struggle, and that means that policymakers are likely to continue to pursue a course that includes keeping the yen weak. (…)Read the rest of Yen Drops After Inflation Data (131 words) Posted on Forex News.
- Loonie Tries to Make Up Lost Ground
Canadian dollar tumbled yesterday, falling all the way below the 90 cent level against the US dollar, due to expectations for the global economy and to policy divergence with the greenback. Today, the loonie is trying to eke out gains against its major counterparts. (…)Read the rest of Loonie Tries to Make Up Lost Ground (125 words) Posted on Forex News.
- Greenback Gains on Increased Policy Divergence
US dollar index is higher today, thanks in large part to the policy divergence that the greenback has with its counterparts. US dollar is gaining ground against other majors as expectations for higher rates provide support. (…)Read the rest of Greenback Gains on Increased Policy Divergence (138 words) Posted on Forex News.
- Euro Continues to Struggle Against Counterparts
Even though the euro has made up some lost ground recently, the 18-nation currency continues to struggle against some of its counterparts. Even with the euro catching up to the greenback, the US dollar is still expected to maintain the upper hand. (…)Read the rest of Euro Continues to Struggle Against Counterparts (140 words) Posted on Forex News.
- UK Pound Continues in Strength
UK pound continues to gain ground today against the euro and the dollar, thanks in large part to expectations for the future, and the fact that policy divergence with the eurozone remains expected. The Scottish independent vote gave sterling a boost that is carrying over to today. (…)Read the rest of UK Pound Continues in Strength (125 words) Posted on Forex News.