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GBPUSD: Trading the Bank of England Inflation Report
Trading the News: Bank of England Inflation Report What’s Expected: Time of release: 05/16/2012 9:30 GMT, 5:30 EDT Primary Pair Impact: GBPUSD Expected: – Previous: – DailyFX Forecast: – Why Is This Event Important: There’s speculation that the Bank of England will curb its growth forecast as the U.K. faces a double-dip recession, but the [...]
US Dollar Targets Fresh Highs as Volatility Surges
The US Dollar (ticker: USDOLLAR) trades to fresh highs against the Euro and other forex counterparts, and high volatility expectations suggest the USD may continue to hit fresh highs (EURUSD lows). DailyFX Individual Currency Pair Conditions and Trading Strategy Bias DailyFX PLUS System Trading Signals –The US Dollar (ticker: USDOLLAR) has broken sharply higher against [...]
Guest Commentary: MarketVisionTV – The Next 1000 Cable Points Will Be Even Nastier!
* Cable has already provided over 1000 points in the last 3 months repeating the price action from 2011 * That price action has been ‘Nasty’ but is about to get even Nastier. * We remain short from 1.6260 and 1.6180 looking to reduce below 1.60 in order to resell what will appear to be [...]
USD Rally To Accelerate On Less Dovish Fed, GBP To Reverse Course
The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) added another 0.30 percent on Tuesday as the upward trending channel continues to take shape, and we may see the greenback appreciate further over the remainder of the week as the flight to safety gathers pace. As the 30-minute relative strength index pushes deeper into overbought territory, [...]
US Dollar Takes Back Overnight Losses as Greece Heads to New Elections
Fundamental Headlines – EU Ministers Reach Deal to Boost Bank Capital Rules – Bloomberg – Retail Sales in US Cooled in April – Bloomberg – EURUSD Falls to 1.2770 after Greek Government Fails to Form – DailyFX – European Stocks Sink – WSJ – Hazardous Greek-Exit Scenario – WSJ European Session Summary Uncertainty remains public [...]
EUR Tumbles As Greece Fails To Form Government, GBP To Resume Rally
Talking Points Euro: Greece Fails To Form Government, ECB Conference In Focus British Pound: BoE To Preserve Easing Cycle, Lower Growth Forecast U.S. Dollar: FOMC To Sound More Hawkish On Sticky Inflation, Faster Growth Euro: Greece Fails To Form Government, ECB Conference In Focus The Euro pared the overnightadvance to 1.2868 as Greece fails to [...]
Guest Commentary: Gold & Silver Daily Outlook 05.15.2012
Gold and silver declined again yesterday and thus both metals were traded down in eight out of the ten business days in May (so far). The speculation around the next move in the EU following the shift in the political climate in Greece keeps the Euro weak and thus may also been among the factors [...]
Gold, Silver Rise as US Dollar Pulls Back After Eurozone GDP Data
Talking Points Gold, Silver Rise as Q1 Eurozone GDP Data Weighs on Dollar Crude Oil, Copper Have Scope for Catch-Up Rally in US Trade Gold and silver prices are on the upswing in European trade after the preliminary set of Eurozone GDP figures showed output growth stalled in the first quarter amid expectations for a [...]
Dollar Closes at a Two Month High, Critical Bull Trend Within Reach
Dollar Closes at a Two Month High, Critical Bull Trend Within Reach Euro Dives As Greek Confidence Falls Apart, Heavy Data Flow Ahead British Pound Contradicts European Struggle, Is it a Safe Haven? Japanese Yen Forges Fresh Gains as Equities Tags New Lows Swiss Franc: SNB’s Jordan Keeps Up the Fight Against Market Doubts Australian [...]
Sound Bites: Greek Political Drama Continues, EU Defends Current Agreements
EUROZONE Syriza party leader Alexis Tsipras (likely to win most seats should June election be held): Greece should remain in Eurozone, but only on condition that “catastrophic” policy of austerity ends. Greek newspaper Ta Nea, citing Prime Minister Lucas Papademos: With political stalemate and EFSF withholding 1 billion Euros of aid, Greece to face funding [...]