The US Dollar may push higher as November’s PPI data shows a pickup in wholesale inflation and fuels QE “taper” speculation before next week’s FOMC meeting.
The dollar rose against all of its major counterparts this past session – even the stubborn euro – and too much credit seems to go to Taper expectations for next week.
Volatile price action after the Australian employment report and commentary from top ECB policymakers has the EURAUD pulling back from fresh yearly highs.
Currency markets are likely to look past a status-quo SNB policy announcement to focus on the implications of US Retail Sales data for Fed QE “taper” bets.
A pickup in U.S. Advance Retail Sales may spur a more meaningful decline in the EURUSD as it heightens bets for a Fed Taper.
Where monetary policy speculation falls shorts for the dollar, risk trends can provide it seems.
Despite bets for a 10.0K rise in employment, the Australian dollar may come under increased pressure should job growth disappoint for the fifth consecutive month.
The NZDUSD may breakout of the bearish trend carried over from October should the Reserve Bank of New Zealand (RBNZ) layout a more detailed exit strategy.
The Japanese Yen has had a strong start to the week; but in context of price action in the second half of 2013, it remains the weakest currency. Is it time to look short the Yen once more?
The Yen rose while the Australian and New Zealand Dollars fell as Asian stocks fell in a move newswires attributed to swelling Fed QE “taper” speculation.
The Dow Jones FXCM Dollar Index (ticker = USDollar) finally cleared its 70-point range for the first time in 13 consecutive trading days. Yet, we should check the market’s temperature before we jump on a deceivingly cool trend..
Long scalps are in play as we target the correction off the November range low with our broader bias remaining weighted to the downside sub 9280.
Forex markets may see knee-jerk volatility courtesy of diminished liquidity conditions despite the absence of major scheduled event risk on the calendar.
There is a serious contradiction between fundamental developments and actual price action behind the dollar…
A quiet economic calendar in US and European trading hours puts the final round of “Fed-speak” before next week’s FOMC meeting in the spotlight.
Both the British Pound and the Euro are top performers today ahead of the November US labor market report.
The US Dollar outlook is clouded as November’s US jobs report enters the spotlight, with leading economic data offering conflicting clues about the likely outcome.
The U.S. Non-Farm Payrolls (NFP) report may spur a bullish outlook for the dollar should the data raise the Fed’s scope to taper its asset-purchase program in December.
The Dow Jones FXCM Dollar Index has held a 70-point range for 11 straight trading days.
The British Pound has been a top performer the past few months, and the dip over the past few days is seen as nothing more than profit taking ahead of key event risk today.
The Euro is looking to an updated set of ECB growth and inflation forecasts to establish the likelihood of additional stimulus in the months ahead.
The European Central Bank (ECB) meeting may threaten the bullish trend in the EURUSD should President Mario Draghi layout a more detailed timeline for its easing cycle.
The Euro has wavered recently, but it isn’t selling off into the ECB decision like it did last month. This may be a sign of confidence…or confusion.
The rally has now reached our initial objective and although our bias remains weighted to the topside, the pair is now at risk heading into the close of the week.
Confirmation that the Euro-Zone economy contracted by -0.4% in the 3Q’13 has done little to deter investors from the European currencies.