Category Archives: Forex Alerts

US-Focused Japanese Yen Market Looks Past Quite Solid Tankan

Talking Points: The Bank of Japan’s Tankan survey was quite sold Expectations were patchy but perhaps less so than they might have been given geopolitical worries However the Yen market was focused elsewhere Trade all the major economic data live and interactive at the DailyFX Webinars The Japanese Yen market remained focused elsewhere Friday and didn’t react much to a satisfactory Tankan survey from its home country. The large manufacturing current conditions index rose to 25 from 22, slightly beating the 24 expected in the process. Large […]

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ECB Sinks Euro, Yen Gains as Stocks Flounder

To get the Asia AM Digest every day, SIGN UP HERE The Euro plunged after the ECB said now isn’t the time to ponder weaning the economy off stimulus and projected inflation below its target through 2020. The British Pound was little-changed after a broadly status-quo BOE policy announcement. The Swiss Franc fell after the SNB reiterated its commitment to an ultra-loose policy setting despite recent progress on inflation. The New Zealand Dollar corrected broadly lower having outperformed in the prior day. The Australian Dollar charged higher, […]

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Euro and Pound Ease off after ECB and BOE

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here The Bank of England and European Central Bank left little collateral damage in their respective wakes this morning, with GBP/USD trading in an approximate 30-pip range and EUR/USD trading in an approximate 50-pip range this morning following the policy decisions. Neither central bank appears to be having much influence over Euro or the Sterling, given that neither central bank is expected to make any changes before September 2018 […]

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EUR Waits For ECB Press Conference After Policy Left Unchanged

Talking Points – Monetary policy left unchanged, as expected, attention turns to the press conference. – ECB reiterates that key rates will remain at their present levels for an extended period of time. Check out our new Trading Guides: they’re free and have been updated for the fourth quarter of 2017. The European Central Bank (ECB) left all monetary policy measures unchanged at its last meeting of 2017. Interest Rate was left at 0%, the Marginal Lending Facility at 0.25% and the Deposit Facility Rate at -0.40%. […]

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GBP Steady as Bank of England Stands Pat on Monetary Policy

Talking Points – Sterling remained range bound after the Bank of England left monetary policy unchanged, as expected. – BOE says recent progress in Brexit talks reduce the likelihood of a ‘disorderly exit.’ Check out our new Trading Guides: they’re free and have been updated for the fourth quarter of 2017 The Bank of England (BOE) left all monetary policy measures unchanged as expected Thursday, but warned that UK Q4 growth may be slightly weaker than Q3. The Bank Rate remained at 0.50%, the Asset Purchase Target […]

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EUR/GBP Edgy Ahead of BOE and ECB Monetary Policy Meetings

Talking Points – The BOE needs to balance a potentially tricky combination of Brexit, high inflation and low growth. – ECB President Mario Draghi will reveal the latest staff economic forecasts on growth and inflation. Check out our new Trading Guides: they’re free and have been updated for the fourth quarter of 2017 The Bank of England Needs to Bolster Market Confidence The BOE is expected to keep all current monetary policy settings unchanged today but governor Mark Carney will need to confirm to the market that […]

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Stronger Australian Dollar Goes No Higher On Chinese Data Dump

Talking Points: Chinese industrial production and investment data came in as expected for November Retail sales missed forecasts by only just The Australian Dollar had already logged solid gains and didn’t have the legs for more New to Bitcoin? Get up to speed fast with the free DailyFX introduction which covers all the essentials. An already elevated Australian Dollar didn’t make much further headway Thursday on the release of an avalanche of heavyweight Chinese economic data, most of which came in as forecast. November’s industrial production rose […]

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Australian Dollar Gains on Jolly Holiday Jobs Report Surprise

Talking Points: Australia added 61.6k jobs in November and the labor force participation rate rose to 6+ year high The Australian Dollar quickly became the best performing major during early Thursday’s session Will AUD/USD sustain its advance today and perhaps reverse its down trend since early September? Just started trading AUD/USD? See our beginner guides to help build your strategy! Australians were in for a jolly holiday surprise when the country experienced a very solid jobs report. This pleasant event helped push the Australian Dollar to quickly […]

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US Dollar Slips Despite Rate Hike and Signal For Three More in 2018

Talking Points: – FOMC raises benchmark interest rate to range of 1.25-1.50%, as was expected by markets (Fed funds futures were pricing in a 100% chance pre-meeting). – Near-term Fed interest rate glide path remains unchanged from December 2016, March 2017, June 2017, and September 2017: three more 25-bps hikes are anticipated in 2018. – US Dollar produces choppy reaction intially, with the DXY Index eventually settling lower ahead of outgoing Fed Chair Janet Yellen’s press conference. The Federal Open Market Committee did what was widely expected […]

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Bitcoin Price Arbitrage Will Set Algorithms Humming

Talking Points – Bitcoin price swings across exchanges allow fleet-footed traders to benefit. – Bitcoin futures should eventually help to even out volatility and price differentials. – Ethereum, Litecoin and other altcoins soar on diversification. You can get the new Introduction to Bitcoin Trading guide here. Bitcoin and the Algorithms The recent volatile price action in Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) among others has thrown up a range of trading price disparities, allowing fleet-footed arbitrage traders to profit from market inefficiencies. Tuesday’s hectic trading saw […]

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