Category Archives: Forex Alerts

EUR/USD Nudges Lower As Euro-Zone Economic Sentiment Falls

Talking Points – EUR/USD little changed on weaker-than-expected ZEW sentiment data. – IG Sentiment data show retail investors remain short of EUR/USD. Check out our new Trading Guides: they’re free and have been updated for the third quarter of 2017 The German ZEW indicator of economic sentiment fell by 7.5 points to 10 in August, and missed expectations of 15. According to ZEW President Professor Achim Wambach, the significant decrease of the economic sentiment indicator reflects the high degree of nervousness over the future path of growth […]

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Chicago Fed Index Shows US Growth is Slumping

Talking Points – Chicago Fed National Activity Index falls 0.01% from an upwardly revised 1.0%. – Economists missed the actual figure as they predicted activity to come in at 0.1%. – Check out the DailyFX Economic Calendar and see what live coverage of key event risk impacting FX markets is scheduled for the week on the DailyFX Webinar Calendar. The latest Chicago Fed National Activity Index, a weighted average of 85 indicators of growth in US national economic activity, has fell 0.01% from an upwardly revised 1.0% […]

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NZ Dollar Holds Above Key Support After Mixed Credit Card Data

Talking Points: New Zealanders upped their credit card spending in July However, their currency didn’t benefit much from the news It had already shown signs of topping out, however, after a Monday morning of gains Are you just getting started in NZD/USD trading? Our beginners’ guide is here to help The New Zealand Dollar had been showing signs of topping out against its generally weaker US cousin on Monday and news that kiwis were still hitting the shops with their plastic in July didn’t perk it up […]

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EUR/USD Downside to Continue on Single Currency Worries

Talking Points – A lack of inflation continues to handcuff the ECB as it looks to begin easing its bond buying program. – ECB commentary on the risks of the EUR ‘overshooting’ may be seen as mild verbal intervention. Check out our new Trading Guides: they’re free and have been updated for the third quarter of 2017 The latest ECB minutes have emboldened EUR/USD bears after the central bank admitted that inflation is still unlikely to hit target for years to come, while a strong EUR makes […]

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ECB Worries About Strength of Euro, EUR/USD Drops to Three-Week Low

Talking Points – The account of the July 20 monetary policy meeting of the European Central Bank’s Governing Council show that the ECB is worried about the Euro overshooting – In response, EUR/USD fell back to its lowest level for three weeks. Check out our Trading Guide for the Euro: it’s free and has been updated for the third quarter of 2017 The minutes of the July 20 monetary policy meeting of the European Central Bank’s Governing Council show that the ECB is concerned about the currency […]

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GBP Remains Under Pressure on Subdued UK Retail Sales Data

Talking Points – A mixed batch of data with expectations exceeded but downward revisions to last month’s figures. – GBP remains under pressure with little to provide support in the short-term Check out our new Trading Guides: they’re free and have been updated for the third quarter of 2017 UK retail sales data for July beat market expectations but last month’s strong figures were revised a touch lower, leaving a mixed picture for the British Pound. Monthly sales rose by 0.3%, beating expectations of a 0.2% rise, […]

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Yen Looks Through Local Trade Data to Focus on Stock Markets

Talking Points: Yen unmoved by July’s better–than–expected trade balance figures Japanese exports rose 13.4%, beating forecasts of a 13.2% increase Trade with the EU and the US weakened compared with June data Want to know what the number one mistake traders make when trading the Japanese Yen? We analyzed millions of trades to find out, read about it here. The Japanese Yen was little-changed following better-than-expected trade balance figures for the month of July. The trade surplus narrowed to ¥418.8 billion. Analysts expected a larger drop to […]

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Australian Dollar Declines Despite Net Gain in Employment

Talking Points: Australian Dollar ended up declining against its major peers on July’s jobs report Net gains in employment amounted to 27,900, stronger than the +20,000 forecast Details showed that the increase derived from part-time positions as full-time fell Just started trading AUD/USD? See our beginner guides to help build your strategy! The Australian Dollar initially struggled to make up its mind on a mixed July employment report. During the first minute after the release, AUD/USD retraced all of its losses before eventually taking a dive. Looking […]

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New Zealand Dollar Holds Gains Despite Mixed PPI Data

Talking Points: New Zealand Dollar little–changed following mixed producer prices data Input costs rose by 1.4%, the strongest quarterly increase since Q4 2016 Output costs rose by 1.3%, marking the third consecutive quarterly drop Have a question about trading New Zealand economic data? Join a Q&A webinar and ask it live! The New Zealand Dollar held on to gains scored in the wake of minutes from July’s FOMC meeting after the release of quarterly PPI data.Wholesale input costs rose 1.4 percent in the second quarter compared a […]

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Balance Sheet Normalization Program Coming “Relatively Soon” According to FOMC Minutes

Talking Points – The Committee intends to begin implementing the balance sheet normalization program ‘relatively soon’ – See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for next week on the DailyFX Webinar Calendar. After the release of the July FOMC minutes, investors were left with an unclear picture as to when the Fed will begin unwinding its 4.47 trillion USD balance sheet. Overall, the Fed’s comments were dovish. In the minutes, “Members agreed that, at this […]

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