Dollar Recovers After Painful Stumble as Market’s Fed Doubts Waver

A number of major market themes were driven this past week; but for FX, the Dollar’s remarkable volatility grabbed most traders’ attention. Fundamental Forecast for Dollar: Neutral A rebound in Treasury Yields and the Dollar reflect the market’s press against an ambitious FOMC forecast for rates Fed timing speculation will be one of the key […]

EUR/USD Opens Higher After Bullish Breakout

The EUR/USD is looking to push higher this morning after yesterday’s 232-pip advance View full post on DailyFX – Feeds all

Australian Dollar Steady After Caixin Chinese PMI Figures

The AUD/USD exchange rate did not show an outsized move after Caixin’s PMI figures for China crossed the wires. View full post on DailyFX – Feeds all

Markets Yearn for Dovish ECB, SNB After RBA Disappoints

Financial markets were disappointed after the RBA signaled it is in no hurry to expand stimulus efforts, leaving traders yearning for dovish comments from ECB and SNB officials. Talking Points: Commodity Dollars drop, Yen and Euro rise as RBA triggers risk aversion Dovish commentary from ECB and SNB officials may help uplift sentiment Upbeat UK […]

Australian Dollar May Move on US Data After Static RBA

The Australian Dollar may find volatility in US new-flow’s impact on risk trends as the RBA maintains the status quo and Chinese economic data passes with little fanfare. View full post on DailyFX – Feeds all

CAD Rally Stalls After Reversing Longest Losing Streak Since 1971

Steven Poloz’s refrain of a Bank of Canada rate cut that had become the preferred bet as the Loonie dropped brought a magnificent reversal for the CAD. View full post on DailyFX – Feeds all

USD/JPY Spiked After Bank of Japan Adopted Negative Interest Rates

The Yen fell and then quickly reversed price action against the US Dollar after the BoJ adopted several accommodative measures in its January rate decision. View full post on DailyFX – Feeds all

PRECIOUS-Gold retreats from 12-week high after Fed meeting – Reuters

PRECIOUS–Gold retreats from 12-week high after Fed meetingReutersAmong other precious metals, silver was down 0.7 percent to $14.37 and platinum was down 0.3 percent at $877.49. Palladium bucked the falling trend, however, and was up 0.5 percent at $499.40. (Additional reporting by Manolo Serapio Jr. in Manila, …and more » View full post on precious metals gold […]

Euro May Fall on Soft CPI, Pound Risk on the Upside After UK GDP

The Euro may fall as soft inflation data bolsters ECB stimulus expansion bets. The British Pound may be more responsive to an upbeat UK GDP print versus the alternative. View full post on DailyFX – Feeds all

New Zealand Dollar Sinks After Lowest CPI Print in 17 Years

The New Zealand Dollar fell as worse-than-expected fourth quarter inflation figures increased the markets’ speculation for a near-term RBNZ rate cut. View full post on DailyFX – Feeds all

Currency war revival seen by State Street after yen, euro rally

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USDOLLAR Flat Lines after Breakout

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The GBP/USD Ranges After Rate Decision

The GBP/USD continues trade in a 53 pip range despite this morning’s BOE rate decision. View full post on DailyFX – Feeds all

USDOLLAR Probes Breakout Again After Initial Reaction

There’s still not much agreement among the components of the USDOLLAR Index. View full post on DailyFX – Feeds all

Gold Jumps; Oil, Copper Plunge with Risk Assets after Yuan Devaluation

Risk assets were sold broadly after another high USD/CNY fix spooked fears of China hard-landing. Safe haven gold, JPY, CHF advanced View full post on DailyFX – Feeds all