Category Archives: Forex Alerts

Fed Chair Janet Yellen Wraps Up Week With Remarks in Washington

Talking Points: Federal Reserve Chair Janet Yellen spoke in Washington after market close on Friday She said chance for short-term rates hitting zero at some point is uncomfortably high While declined to comment on tax reforms, she hoped it will enhance the supply-side What will drive longer-term FX market trends? See our forecasts here. Federal Reserve Chair Janet Yellen spoke in Washington D.C. on Friday after market close about monetary policy since the financial crisis. While we couldn’t observe a US Dollar reaction, the DXY Index had […]

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Canadian Dollar Falls on Energy-Driven Headline CPI

Talking Points: – The Headline Consumer Price Index (CPI)print came in at 1.6% YoY, slightly lower than the estimated 1.7%; – Retail sales contract in September at -0.3% – The USDCAD rallies toward 1.259 weekly high following bearish CPI print out of Canada – See the DailyFX Economic Calendar for upcoming economic data and for a schedule of live coverage see the DailyFX Webinar Calendar. Consumer Price Index Headline inflation, measured by the Consumer Price Index, in Canada came in at 1.6% in September. This was higher […]

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US Dollar Uptrend Intact as Tax Reform Hopes Soar

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here The US Dollar (via DXY Index) is looking to close the week out on a positive note thanks to progress along the fiscal policy front. The US Senate passed a budget that will eventually clear the way for President Trump’s tax plan. The specter of fiscal stimulus and increased deficits is lifting US Treasury yields across the curve, suggesting that investors are pricing in higher growth and inflation […]

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EUR/GBP Likely to Drift Lower on Brexit, Catalan Talks

Talking Points – Catalan talks over the weekend could see Spain take back control of the region, sparking further unrest. – Any cessation of the recent Brexit stalemate could see GBP push higher. Check out our new Trading Guides: they’re free and have been updated for the third quarter of 2017 The recent upward move in EUR/GBP is likely to face a couple of barriers in the short-term as Spain looks to exert its authority over Catalan, while the latest Brexit dinner in Brussels may well have […]

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Japanese Yen Stable Ahead of Weekend Elections

Receive the DailyFX Asia AM Digest in your inbox every day before Asian equity markets open – signup here The US Dollar (via DXY Index) is starting Friday’s session in Asia on its back boot, retesting its rising trendline from the September 8, September 20, and October 13 lows. While there weren’t any significant data releases in the previous session, a further pullback in US Treasury yields weighed on the greenback; interest rate sensitive pairs like USD/JPY traded lower around the dip in yields. The Australian Dollar’s […]

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British Pound Drops on Retail Sales Dollar Lower with US Yields

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here The US Dollar (via DXY Index) has seen its losses from Wednesday, triggered by a round of US weaker than expected housing data, trickle into Thursday absent any new bullish developments in the past 24-hours otherwise. As September US economic data has started to roll in, it’s becoming increasingly clear that Hurricanes Harvey and Irma will have had a materially negative impact on Q3’17 GDP. Yesterday, the Atlanta […]

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Bitcoin Gears Up for Another All-Time High

Talking Points – Bitcoin recovers losses and looks at a new all-time high. – Bitcoin Gold fork expected next week bringing a new, free, coin for BTC holders. – Ripple exchange head arrested in Japan; price dumps 7%. The DailyFX Bitcoin Glossary is designed to provide traders with a reference for important terms and concepts essential for understanding the emerging cryptocurrency universe. Bitcoin (BTC): Bullish Momentum Suggests Further Highs on The Horizon Bitcoin has shrugged off the latest round of profit-taking and continues to push back higher […]

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GBP/USD Hits a One-Week Low on Dismal Retail Sales Data

Talking Points – UK retail sales fall in September, while the previous month’s numbers are all revised lower. – GBP/USD falls to a one-week low as traders now wait to see the outcome of this week’s EU Summit meeting. Check out our new Trading Guides:they’re free and updated. And if you are new to FX trading and would like to know the Traits of Successful Traders, updated guides are here. A poor set of UK retail sales figures for September sent GBP/USD tumbling to a one-week low […]

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NZ Dollar Slips As Coalition Wrangling Ends With Labour Victory

Talking Points: NZD/USD slipped Thursday New Zealand First held the post-election balance of power and opted for a coalition with Labour This was clearly not the choice NZD bulls would have made Just getting started in the NZD/USD trading world? Our beginners’ guide is here to help The New Zealand Dollar slipped Thursday as it became clear that the Labour party would be the largest party in a coalition government. New Zealand First Party leader Winston Peters said that his party will enter a Labour-led with the […]

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Australian Dollar Steady As Chinese GDP Hits Forecasts Exactly

Talking Points: China’s GDP rose by 6.8% in the third quarter, exactly as expected Retail sales and industrial production both scraped above forecast levels However, AUD/USD didn’t have much more to give Trade the major economic data live and interactive at the DailyFX Webinars. We’d love to have you along. The Australian Dollar was steady Thursday following the release of as-expected Chinese growth data. Third quarter Gross Domestic Product rose by 1.7% on the quarter, for a rise of 6.8% on the year. Both of these were […]

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