European Central Bank President Mario Draghi's comments on monetary expansion and interest rates yesterday, after the pigeon-toned statements worth losing Euro assets today continued to be suppressed after the ECB authorities announced. According to the statements, the President of the Central Bank of Austria and ECB Board Member Ewald Nowotny was the second president of the year 2019.the euro's depreciation against the dollar attached to the Fed's interest policy while he said he had not seen a…
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USD/JPY making another shot at 110
USD/JPY was deflected by the strong resistance area 110 - 110.5 (February high, 200 DMA, 50 WMA) last week, after briefly trading above the big figure. There was enough demand in the 108.5 - 109 area (100 DMA) and with Iran risk out of the way, the pair can now make another shot at the resistance. U.S. PPI (today) and CPI (tomorrow) inflation reports could provide some fuel for the rally.
CPI z USA
Lepšie dáta CPI z USA potešili viacerých dolárových býkov a samozrejme aj mňa. Hoci aktuálne na takmer všetkých dolárových pároch vidíme korekciu posledného rastu USD, očakávam, že rast USD bude pokračovať aj naďalej a preto som long na USDMXN, USDPLN, USDJPY a USDZAR. Aktuálna korekcia mi síce vymazala časť ziskov, ktoré som mal krátko po zverejnení CPI, no ako som už písal, očakávam, že sa USD konečne zobudí a začne rásť a chcem byť vo vlaku keď to pôjde hore.…
Dollar Direction Depends on CPI
Today’s economic data from the US – CPI figures is probably the most important release of the week. It will set the stage for the next move in majors. If we get a positive surprise, US dollar will resume its advance. I also wonder if that would mean another big sell-off in the equity markets?
We also get some Eurozone data today, the most important being GDP, but for some reason I doubt it will have a significant impact on euro. It’s all about how fast the Fed will have to move (how many times)…
We also get some Eurozone data today, the most important being GDP, but for some reason I doubt it will have a significant impact on euro. It’s all about how fast the Fed will have to move (how many times)…
U.S. data and BOC outlook worth watching
Main economic event in the week ahead is probably the release of U.S. CPI and Retail Sales data for December, on Friday. Add to that U.S. PPI on Thursday. Monday's BOC Business Outlook Survey will be the bank's last communication before eagerly awaited monetary policy decision on January 17th.
NZD CPI release last night
Last night was the CPI release in New Zealand
I decided to trade this release as figures were expected to be good
and NzdUsd had dipped back to 0.7 hours before the release
It seemed like a good opportunity to make some pips
The release was better than expected
and I was short GbpNzd, EurNzd, and long NzdUsd, NzdChf and NzdCad before-hand
I quickly closed my psitions on the initial move and ade about 70K
I decided to trade this release as figures were expected to be good
and NzdUsd had dipped back to 0.7 hours before the release
It seemed like a good opportunity to make some pips
The release was better than expected
and I was short GbpNzd, EurNzd, and long NzdUsd, NzdChf and NzdCad before-hand
I quickly closed my psitions on the initial move and ade about 70K
US Dollar weak strick
Mix of weak USA data and FED statment didn't occur into big US dollar movment (in G-10). Looses kind of 0.9-1%: Pound which suffers from UE hard-statement; fatal Cad data from CPI (Friday) and weak Sales data which triggered sold-out in CAD; Into NZD there is even weaker faith in inflathion, which gives a thought of a rate cut sooner then expected.
About PMI EU data it can be said that it was mixed. The nimbers that scale USA numbers was just weak.
In the following weak i think that Dollar will …
About PMI EU data it can be said that it was mixed. The nimbers that scale USA numbers was just weak.
In the following weak i think that Dollar will …
Dukascopy Community TV Webinar Schedule as of August 19, 2016
TGIF to everyone!
Join us for the final round of our Forex Community webinars: https://www.dukascopy.com/tv/Live
Wishing you a wonderful weekend,
Community TV
Join us for the final round of our Forex Community webinars: https://www.dukascopy.com/tv/Live
Wishing you a wonderful weekend,
Community TV
GBPUSD - Pull back or Reversal of Trend?
The British Pound posted impressive gains last week. And that too, without any catalyst in place. Throughout the week we saw minimal retracements as the price marched higher, which is usually a sign of unusual strength.
But it is still unclear if the trend is reversed, or if the move is merely a pull back against the main down trend.
The chart below shows GBPUSD retracing already 50% of the move down, and that without a catalyst.
On Tuesday we have inflation related data coming out of the UK. T…
But it is still unclear if the trend is reversed, or if the move is merely a pull back against the main down trend.
The chart below shows GBPUSD retracing already 50% of the move down, and that without a catalyst.
On Tuesday we have inflation related data coming out of the UK. T…
Trading the Canadian releases coming up
The Canadian consumer price index - or CPI - figures are coming up
I decided to trade the last major piece of economic data coming out this week
I noticed in the market that traders are already buying Eur/Cad and Gbp/Cad before the release
as if they know what is going to happen??
I decided to go short both these pairs as they are higher now and near resistance levels
The Canadian spending figures should be good, as Eur and US figures where good too,
and there are no indications of a downfall th…
I decided to trade the last major piece of economic data coming out this week
I noticed in the market that traders are already buying Eur/Cad and Gbp/Cad before the release
as if they know what is going to happen??
I decided to go short both these pairs as they are higher now and near resistance levels
The Canadian spending figures should be good, as Eur and US figures where good too,
and there are no indications of a downfall th…