Friday, May 1, 2015

Trading Forecast: Euro, Dollar and Pound Face Strong Winds This Week

Trading Forecast: Euro, Dollar and Pound Face Strong Winds This Week


Trading Forecast: Euro, Dollar and Pound Face Strong Winds This Week

Posted: 01 May 2015 07:16 PM PDT

Key event risk in US NFPs, Greek negotiations, a UK election and RBA rate decision set the FX market up for volatility in the week ahead.

Dollar Technicals Say Bearish Reversal, Fundamentals Don’t Agree

Posted: 01 May 2015 07:09 PM PDT

This past week, the USDollar posted its first drop on a monthly basis in 10 consecutive months.

Gold Marks Outside Weekly Candle on FOMC- 1165 in Focus Ahead of NFP

Posted: 01 May 2015 07:00 PM PDT

Gold prices fell to a 6-week low with the precious metal off by more than 0.50% to trade at $1172 ahead of the New York close on Friday.

Australian Dollar May Rise as RBA Disappoints Rate Hike Bets

Posted: 01 May 2015 06:47 PM PDT

The Australian Dollar may rise if the RBA decides not to cut interest rates its May meeting. Seemingly compelling evidence suggests they may opt to do just that.

GBP/USD Advances Fizzles Ahead of U.K. Election- 1.5000 on Radar

Posted: 01 May 2015 06:36 PM PDT

Headlines surrounding the U.K. election are likely produce increased volatility for GBP/USD, but the uncertainties clouding the fiscal outlook may only act as a near-term driver for the British Pound as the Bank of England (BoE) remains on course to normalize monetary policy.

Trading Video: Dollar Pulls Up from Dive while Euro Week’s Top Bull

Posted: 01 May 2015 05:38 PM PDT

Has market focus and sentiment changed so dramatically that the USD and equities are correcting while the Euro emerges as the top performer?

Video: Gauging Market Conditions for Pound, Euro and Aussie Trades

Posted: 01 May 2015 05:07 PM PDT

For those that monitor the charts, there were some exceptional pattern developments this past week including a strong GBPUSD rally.

US Dollar May Finally Break Out versus Japanese Yen

Posted: 01 May 2015 04:20 PM PDT

The Japanese Yen finished the week notably lower versus the US Dollar but stuck to its long-standing trading range.

EUR/USD Retains Bullish Pattern Despite Thin Market Participation

Posted: 01 May 2015 09:50 AM PDT

The series of higher highs & lows in EUR/USD may spur a more meaningful test of the 1.1300 handle going into the first full-week of May.

Traders Sell the Euro Rise

Posted: 01 May 2015 09:10 AM PDT

Using forex technical analysis we can identify which currencies are trending and follow those trends using the DailyFX Plus Breakout2 strategy.

The Weekly Volume Report: Euro Volume Surges

Posted: 01 May 2015 07:00 AM PDT

Instruments covered this week: EUR/USD, USD/JPY & USD/CAD

EURUSD Reaches Daily Resistance

Posted: 01 May 2015 06:38 AM PDT

After advancing as much as 465 pips this week, the EURUSD is stalling at daily resistance. Learn today's trading values with the Chart of the Day!

Consolidation or Breakdown in NZD/USD?

Posted: 01 May 2015 05:15 AM PDT

Possible double top setting up on daily chart...

EUR/USD May Target Mid-$1.1500s; USD/JPY Best Bet for USD Gains

Posted: 01 May 2015 04:01 AM PDT

The smallest short position in the Japanese Yen offers significant opportunity for a USDJPY rally.

Strong ISM Manufacturing to Drag on EUR/USD Advance- 1.1000 on Radar

Posted: 01 May 2015 03:00 AM PDT

A strong pickup in the U.S. ISM Manufacturing survey may trigger a near-term pullback in EUR/USD as it instills an improved outlook for the world’s largest economy.

Crude Oil Resumes Recovery, SPX 500 Turns Lower as Expected

Posted: 30 Apr 2015 11:09 PM PDT

Crude oil prices resumed their recovery, rising to a five-month high, while the SPX 500 reversed downward as expected.

British Pound May Rise as PMI Data Bolsters BOE Rate Hike Bets

Posted: 30 Apr 2015 10:05 PM PDT

The British Pound may rise as upbeat Manufacturing PMI data bolsters the recent improvement in the Bank of England monetary policy outlook.

GBP/JPY Technical Analysis: Pausing to Digest Sub-184.00

Posted: 30 Apr 2015 09:02 PM PDT

EUR/JPY Technical Analysis: Aiming Above 135.00 Figure

Posted: 30 Apr 2015 09:02 PM PDT

NZD/USD Technical Analysis: Kiwi Downturn in the Cards?

Posted: 30 Apr 2015 08:43 PM PDT

AUD/USD Technical Analysis: Breakout Intact After Pullback

Posted: 30 Apr 2015 08:43 PM PDT

EUR/GBP Technical Analysis: Euro Jumps Most in 26 Months

Posted: 30 Apr 2015 08:36 PM PDT

USD/CAD Technical Analysis: Opting Against Entering Long

Posted: 30 Apr 2015 08:36 PM PDT

USD/CHF Technical Analysis: Passing on Short Trade Setup

Posted: 30 Apr 2015 08:11 PM PDT

GBP/USD Technical Analysis: Readying to Turn Downward?

Posted: 30 Apr 2015 08:11 PM PDT

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