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US Dollar Downtrend Persisting For One Major Reason
Falling US real yields means that the spread between Treasury yields and inflation rates are decreasing, decreasing the penalty for holding a low yielding asset.
Jackson Hole Starts Today, Fireworks Come Tomorrow For EUR/USD
Euro bulls may be disappointed if the rumors that that were floated to the market last Tuesday are true: that the ECB is becoming more concerned with sustained Euro strength, so Draghi may not signal stimulus tapering in his speech.
Euro, US Dollar Set For Important Week With Jackson Hole In Sight
By the week's end, a good deal of volatility should have made its way through the market as the most important event in perhaps months is in sight: the Federal Reserve's Jackson Hole Economic Policy Symposium from Thursday to Saturday.
EUR/USD Topping Potential Good News For DXY Index
Should EUR/USD trade lower and provide the boost the DXY Index needs, a look at three separate sentiment indicators, including our in-house sentiment reading, suggest that the Euro is coming off of a bullish extreme in sentiment.
Here’s When We’ll Know The US Dollar Has Bottomed
It might not take all that much for a short-term US Dollar bottom to be established, given how extremely bearish sentiment is for the US Dollar in general. One way to see how sentiment is starting to shift is to look at the Daily Sentiment Index.
Global Risks Jump As USD/JPY Cracks, S&P 500 Marks Key Reversal
A bearish daily key reversal in the S&P 500 yesterday, coupled with further strength from the Japanese Yen, suggests markets are shifting into a 'risk off' mindset as geopolitical tensions with North Korea escalate.
Strategy For AUD/JPY, NZD/JPY With Volatility Due Next 24 Hours
Over the next 24-48-hours, Chinese inflation data and the Reserve Bank of New Zealand rate decision should bring about a welcomed burst of volatility in AUD/JPY, AUD/USD, NZD/JPY, and NZD/JPY.
BoE Preview: Fresh Forecasts To Influence GBP/USD Outlook
Fresh updates coming out of the Bank of England (BoE) may undermine the recent appreciation in GBP/USD if the central bank shows a greater willingness to preserve the record-low interest rate throughout 2017.
With USD/JPY At Support, EUR/JPY May Now Breakout
USD/JPY has found early support near the trendline from the April and June 2017 swing lows, with a potential morning star candle cluster (three-candle bullish reversal pattern) forming at said support.
FX Markets Turn To UK & US GDP Data, FOMC Rate Decision
Consumer price inflation is expected to have reached +2.2% in the second quarter of 2017, up from a prior reading of +2.1%, according to market estimates, and at the lower end of the central bank’s +2-3% target range (y/y).
USD At New Lows As EUR Hits 2-year High; CAD In Spotlight
The US Dollar has sunk into its lowest levels since August 2016 as the Euro surge following the European Central Bank rate decision yesterday has continued.
AUD/JPY, CAD/JPY Press Breakouts As Risk Appetite Surges
The fact that both AUD/JPY and CAD/JPY have been able to rally in such fashion the past few days is a sure sign that investor risk appetite is picking up.
USD/JPY, Gold At Key Levels As US Yields Threaten Pullback
The 10-year US Treasury yield hasn't closed below daily 5-EMA since June 27; if it does so today, a major warning sign for USD/JPY.
GBP/USD Awaits Catalyst; USD/CAD, CAD/JPY At Crossroads
The US Dollar (via DXY Index) is having a quiet morning after a lackluster day yesterday, as an empty economic calendar in the first two days of the week have left traders searching for catalysts.
USD/JPY Breakout, Gold Breakdown Gaining Pace As Key Week For USD Begins
After a superficially good, but in reality, an overall mixed June US labor market report on Friday, the US Dollar finds itself posting small gains for the second day in a row as it kicks off an important week.
US Dollar Heads Into Barrage Of Economic Data This Week
With a light economic docket and a lineup of hawkish Fed speakers, the US Dollar was buoyed last week only modestly. The greenback’s search for a base remains elusive, particularly in the wake of the June FOMC meeting.
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