Feb 15 9:12am RTT - Forex Top Story
Consumer prices in the U.S. increased by much more than expected in the month of January, according to a report released by the Labor Department on Wednesday. The Labor Department said its consumer price index climbed by 0.6 percent in January after rising by 0.3 percent in December.
Feb 15 8:55am Forex Crunch
US consumers went shopping in January: retail sales rose by 0.4\% against 0.1\% predicted. The figure for January was upgraded to 1\%. Core sales have increased by 0.8 \% instead of 0.4\% with an upwards revision of 0.4\%. The control group is up 0.4\% instead of 0.3\% predicted. The data excluding gas and autos is up [...] The post US retail sales rise sharply, Cores CPI beats with 2.3\% y/y – USD rises appeared first on Forex Crunch.
Feb 15 8:27am BabyPips.com
Today's morning London session was another choppy session. The European currencies all took hits, though, with the pound getting another smack-down, thanks to disappointing wage growth. The euro and the Swissy, meanwhile, were also steadily in retreat during the course of the session. Continue reading → The post London Session Forex Recap – Feb. 15, 2017 appeared first on BabyPips.com.
Feb 15 8:14am RTT - Forex Top Story
UK employment grew to a record high, while wage growth unexpectedly eased at the end of 2016 that is likely to cause the Bank of England to worry more about the impact of rising inflation on household incomes in the coming months.
Feb 15 7:43am Vladimir Ribakov
I have been receiving a lot of emails regarding one of the most popular indicator out there, the Commodity Channel Index aka CCI so here we are. Today i will introduce you to something that might become your next best friend in trading simply because it is extremely powerful when used the right way, it is super easy to understand how it works and because you will get one of my favorite CCI strategies. What is CCI? Commodity Channel Index often referred to as CCI is an oscillator indicator created by Donald Lambert. It is one of the best technical The post Commodity Channel Index (CCI) Indicator : The Ultimate Guide + Bonus Strategy appeared first on Vladimir Ribakov.
Feb 15 6:57am RTT - Forex Top Story
Sweden's central bank retained its expansionary policy stance and signaled that more interest rate cuts could come in the near term despite a robust economy, given the heightened political uncertainty and a strong krona that is threatening to keep inflation off-target.
Feb 15 6:43am Forex Crunch
After Yellen moved markets with her initial statement, grilling by politicians continues. In addition, retail sales and CPI also stand out and these will be followed by housing figures and a look at the manufacturing sector. Also watch out for the ongoing drip of UK figures and as always, for political events. Video preview for [...] The post US focus continues with more Yellen and top-tier data [Video] appeared first on Forex Crunch.
Feb 15 6:33am BabyPips.com
It's do or die for EUR/USD! Will the euro break below a forex support area that hasn't been broken since early 2015? Take a look at the chart and tell me what you think! Continue reading → The post Will EUR/USD Break a Long-Term Forex Support Area? appeared first on BabyPips.com.
Feb 15 6:12am Forex Crunch
The US dollar continues its recovery, enjoying the boost it got from Yellen. Two banks are bullish on the US dollar. They discuss the reasons and the currencies to be bullish against: Here is their view, courtesy of eFXnews: USD: Fundamentals Firmly Favor Dollar Up; We Stay Firmly Bulls – Goldman Sachs A natural tendency is [...] The post Bullish on the US dollar – two opinions appeared first on Forex Crunch.
Feb 15 5:42am RTT - Currency Markets
The British pound weakened against the other major currencies in the early European session on Wednesday, after data showed that the U.K. wage growth rose less than expected in December.
Feb 15 5:14am Forex Crunch
USD Index is on the rise, now trading at a new high which puts some bullish pressure on USDJPY and bearish on EURUSD, while Cable, Aussie and New Zealand dollar are doing quite well at the moment. From a technical perspective, we see USD Index in a new impulsive bullish trend which is expected to [...] The post Elliott Wave Analysis: USD Index and EURUSD appeared first on Forex Crunch.
Feb 15 4:34am Vladimir Ribakov
Japanese Prime Minister Shinzo Abe said on Wednesday U.S. President Donald Trump shared his view at last week’s summit that Japan’s monetary policy was not currency manipulation but was intended to end deflation. Abe’s comments about the Feb. 10 summit suggest Trump may be softening his criticism that Japan was manipulating its currency to gain a trade advantage. “I think Trump shared the view that our monetary policy is not for currency manipulation but for ending deflation,” Abe said in the upper house of parliament. Abe also said he explained how Japanese automakers with factories in the United States contributed The post Japan’s Abe: Trump shares view that monetary policy not forex manipulation appeared first on Vladimir Ribakov.
Feb 15 4:30am Forex Crunch
The UK saw wages slowing down to an annual pace of 2.6\% against 2.8\% expected. Excluding bonuses, wages rose by the same scale of 2.6\% instead of 2.7\% predicted. The unemployment rate remained unchanged at 4.8\%. Jobless claims plunged by no less than 42.4K, but this could be due to some yearly adjustment. The figure for December was [...] The post UK wages slow down to 2.6\% – GBP/USD falls appeared first on Forex Crunch.
Feb 15 4:10am Forex.Info
Japan breathed a sigh of relief on Sunday after Prime Minister Shinzo Abe concluded a successful two-day summit with U.S. President Donald Trump, who left protectionist rhetoric off the table as the leaders played golf and forged a... The post Trump and Abe Chart Diplomatic Path After Two-Day Summit appeared first on Forex.Info.
Feb 15 4:00am Forex Crunch
The UK will soon trigger article 50 and trigger a 2-year countdown towards the exit doors from the EU. One option that is always on the cards is a transition deal. What does this mean? Here is their view, courtesy of eFXnews: Applying ‘game theory’ to the transition. Using game theory, we determine the conditions that make it rational [...] The post GBP/USD: Towards 1.30 Or 1.10?: The Game Theory Of A UK-EU Transition Deal – BofA Merrill appeared first on Forex Crunch.
Feb 15 3:49am Forex Crunch
EURUSD intra-day analysis EURUSD (1.0578): EURUSD posted a fresh 1-month low yesterday breaking down below the round number support of 1.0600. The declines came as the Fed Chair Janet Yellen signaled the Fed’s intent to pursue policy tightening. Following the break down below 1.0600 support, EURUSD is likely to drift towards 1.0555 where the [...] The post EURUSD, GBPUSD and USDJPY TA – February 15 2017 appeared first on Forex Crunch.
Feb 15 2:42am BabyPips.com
G'day, forex mates! The Australian Bureau of Statistics will be releasing Australia's January jobs report tomorrow. And if you're planning to trade this top-tier event, then you better gear up by reading up on today's Forex Preview. Continue reading → The post Forex Preview: Australia’s Jobs Report (Jan) appeared first on BabyPips.com.
Feb 15 1:53am Forex Crunch
With Trump mired in scandal, the US dollar gets some surprising support from the Fed, which is leaning to the hawkish side. Many other events are moving markets. Join me for a live market open, hosted by FXStreet: walking through recent developments and their impact on currencies, going through charts of majors, minors, and crosses, [...] The post Yellen takes the baton from Trump – Live Market Open from 8:00 GMT appeared first on Forex Crunch.
Feb 15 1:44am Forex Crunch
Fed Chair Janet Yellen was quite upbeat about the economy and the path of rate hikes. What does it mean? Here is their view, courtesy of eFXnews: Yellen’s testimony comes after a meeting at which the FOMC chose to stand pat, so her attempt to walk down the middle of the road should come as no surprise. There’s [...] The post Fed Yellen’s Testimony: No Surprise But Market More ‘Open Mind’ In Repricing A March Hike – CIBC appeared first on Forex Crunch.
Feb 15 1:30am BabyPips.com
The dollar gave back some of its gains from the previous session, as Yellen’s hawkishness translated to risk appetite during the Asian forex trading session. Continue reading → The post Asian Session Forex Recap – Feb. 15 2017 appeared first on BabyPips.com.
Feb 15 1:27am RTT - Currency Markets
The Australian dollar continued to be strong against other major counterparts in the Asian session on Wednesday on rising risk appetite, tracking the overnight gains on Wall Street following comments from Federal Reserve Chair Janet Yellen and upbeat corporate earnings results.
Feb 14 11:04pm Forex.Info
Forex trading can be viewed as a science and the more tools a trader has at their disposal the more flexible they will be to take advantage of different market conditions. Technical and fundamental analysis play a big... The post How to Use Volume Oscillators appeared first on Forex.Info.
Feb 14 10:26pm BabyPips.com
Remember that AUD/CHF long-term rising wedge pattern I was looking at a week ago? Price is already breaking higher so I decided to hop in a small position at market. Continue reading → The post Trade Update: AUD/CHF Rising Wedge appeared first on BabyPips.com.
Feb 14 9:33pm BabyPips.com
Early exit conditions were met for the latest batch of positions on the SMA Crossover Pullback system but it still managed to catch some gains. Here's how it all turned out. Continue reading → The post Forex System Update: SMA Crossover Pullback (Feb. 8-15, 2017) appeared first on BabyPips.com.
Feb 14 8:16pm BabyPips.com
Dollar domination! Fed head honcho Janet Yellen was the star of the show as she confirmed that a March rate hike is possible while other U.S. central bank officials supported her view. Continue reading → The post U.S. Session Forex Recap – Feb. 15, 2017 appeared first on BabyPips.com.
Feb 14 7:44pm FXTechstrategy
EURUSD: With the pair closing further lower on Tuesday, more decline is envisaged in the days ahead. On the upside, resistance comes in at 1.0550 level with a cut through here opening the door for more upside towards the 1.0500 level. Further up, resistance lies at the 1.0450 level where a break will expose the 1.0400 level. Conversely, support lies at the 1.0600Continue reading...
Feb 14 7:29pm BabyPips.com
Welcome to hump day Wednesday, yo! I hope you're in the mood to trade comdoll crosses, because I spotted long-term forex trade opportunities on GBP/CAD and AUD/NZD that you wouldn't want to miss! Continue reading → The post Daily Chart Art – Feb. 15, 2017 appeared first on BabyPips.com.
Feb 14 3:57pm BabyPips.com
Been waiting a while on EUR/CAD to see if that triangle breakdown was a breakout or fakeout. Well, it looks like the bears are firmly in control so it's time to take my shot! Continue reading → The post Trade Idea: EUR/CAD Triangle Breakout appeared first on BabyPips.com.
Feb 14 2:26pm Forex Blog
If you remember my June post about the long-term future of the US dollar, you know that I am bearish on the USD for the coming months based on a set of fundamental reasons. And the optimal way of trading this sentiment is going short USD/CHF. Today, I am going to set up the stop order …...
Feb 14 2:00pm BabyPips.com
Traders must consider global macro & forex stories influenced by data & politics. Seems daunting but there are signs to notice when correlations disconnect. Continue reading → The post How Important is it When Correlations Disconnect? appeared first on BabyPips.com.
Feb 14 10:35am BabyPips.com
I've got my eyes on the Greenback in today's intrtaday charts update, with a couple of channels for EUR/USD and AUD/USD. Come get 'em while they're still fresh! Continue reading → The post Intraday Forex Charts Update – Feb. 14, 2017 appeared first on BabyPips.com.
Feb 14 10:00am Forex Crunch
In a short 4.5-page testimony, Fed Chair Janet Yellen makes hawkish sounds, saying that the committee will evaluate the situation and perhaps raise rates in one of its upcoming meetings. Three rates hikes are possible with and in line with Fed forecasts. . Yellen sees the jobs market with rosy glasses: wages are rising in jobs growth [...] The post Yellen sends the USD higher – rate hike coming in “upcoming meetings”, upbeat on the economy appeared first on Forex Crunch.
Feb 14 9:14am RTT - Forex Top Story
Partly reflecting a jump in energy prices, the Labor Department released a report on Tuesday showing that U.S. producer prices rose by more than expected in the month of January. The Labor Department said its producer price index for final demand climbed by 0.6 percent in January after rising by 0.2 percent in December.
Feb 14 8:33am RTT - Forex Top Story
Germany's economic sentiment deteriorated more-than-expected in February to its lowest level in four months, as investor expectations were dampened by the recent weak economic data and political uncertainty. The ZEW Indicator of Economic Sentiment for Germany declined to 10.4 from 16.6 in January, survey data from the the Mannheim-based Centre for European Economic Research/ZEW showed Tuesday.
Feb 14 8:26am BabyPips.com
There were lots of economic reports during the session, but price action was very choppy, likely because forex traders were waiting for Fed Head Yellen's testimony. The pound was on the move, though, since it got dumped. Continue reading → The post London Session Forex Recap – Feb. 14, 2017 appeared first on BabyPips.com.
Feb 14 7:03am RTT - Forex Top Story
UK consumer price inflation accelerated to a 31-month high and input prices surged the most since 2008 in January, as a weak pound pushed up imported prices. Inflation rose to 1.8 percent, the highest since June 2014, from 1.6 percent in December, data from the Office for National Statistics showed Tuesday. Nonetheless, the rate was weaker than the expected 1.9 percent.
Feb 14 6:59am Forex Crunch
S&P500 Stocks are in strong bullish mode with E-mini S&P500 now in the late stages of an extended wave 3 which is trading at our Fib. resistance levels. As such, be aware of a pullback in a corrective manner back in wave 4 which can retrace even to 2310-2315 area in the next few sessions [...] The post Elliott Wave Analysis: S&P500 and Crude OIL appeared first on Forex Crunch.
Feb 14 5:56am Vladimir Ribakov
Fedspeak post jobs report trends hawkish ahead of Yellen. Markets hope to gauge Federal Reserve (Fed) chair Janet Yellen’s outlook on the future path of monetary policy in her two-day testimony to Congress beginning on Tuesday, following a generally more hawkish stance shown by other U.S. central bank officials even as several recognized the uncertainty that surrounding the implementation of new fiscal policies. In her semi-annual monetary policy testimony, Yellen will appear before the Senate Banking Committee at 10:00AM ET (15:00GMT) Tuesday and will deliver the same speech to the House Financial Services Committee at the same time the following The post Fedspeak post jobs report trends hawkish ahead of Yellen appeared first on Vladimir Ribakov.
Feb 14 5:23am BabyPips.com
Remember when negative interest rates were the hottest issues in the forex grapevine? Pepperidge Farm remembers. Let’s take a closer look at the reasons why politics is making monetary policy boring again. Continue reading → The post 4 Reasons Why Politics is Upstaging Monetary Policy appeared first on BabyPips.com.
Feb 14 5:11am RTT - Currency Markets
The British pound weakened against most major currencies in the early European session on Tuesday, after data showed that U.K. inflation rose less-than-expected in January.
Feb 14 5:04am RTT - Forex Top Story
German economic growth improved on domestic demand and investment in the fourth quarter of 2016 amid weak contribution from the net trade. Gross domestic product expanded 0.4 percent sequentially, faster than the revised 0.1 percent rise seen in the third quarter, data from Destatis showed Tuesday.
Feb 14 5:00am Forex Crunch
The euro-zone grew at a quarterly rate of 0.4\%, lower than 0.5\% originally reported. Year over year, growth was downgraded to 1.7\% from 1.8\% initially announced. Other figures have been disappointing as well: industrial output dropped by 1.6\%. The German ZEW economic sentiment slid all the way to 10.4 points and the current conditions components fell to 76.4 [...] The post Euro-zone GDP downgraded to 0.4\% – EUR/USD slips appeared first on Forex Crunch.
Feb 14 4:30am Forex Crunch
Inflation in the UK is slightly cooler than markets had anticipated. Prices dropped by 0.5\% m-m as projected, but the y/y numbers are a miss. CPI is up 1.8\% and core CPI remained stuck at 1.6\%. Clothing store discounts are cited as the main reason for the weaker data. GBP/USD, which was already sliding, extended the [...] The post UK inflation misses with 1.8\% – GBP/USD extends slide appeared first on Forex Crunch.
Feb 14 4:06am Vladimir Ribakov
We are near the bottom and for me it is longs only now. I’m looking for this EURCHF intraday double buy scenario on the H1 and M15 charts. EURCHF Buy Scenario 1 After the first leg up, i’m expecting continuation. It seems that the pair is now in consolidation. One way to join is to wait for the breakout of the bearish trend line, small correction and then go long. Target 1 – twice your stop loss. Target 2 – 1.0770. EURCHF Buy Scenario 2 Another way to join the bulls is by buying at the bottom. We want to The post EURCHF Intraday Double Buy Scenario appeared first on Vladimir Ribakov.
Feb 14 3:27am Forex Crunch
The Australian dollar is moving up within current ranges, edging closer to the 0.77 level as it gets some tailwinds. Can it make a move and challenge the next resistance levels? These are 0.7740 and 0.7840. Here are the three most recent drivers of AUD/USD: Australian confidence: The NAB Business Confidence measure jumped from 6 to [...] The post AUD/USD moves higher in range – 3 reasons appeared first on Forex Crunch.
Feb 14 3:23am Forex Crunch
EURUSD intra-day analysis EURUSD (1.0611): After posting strong declines yesterday which sent the single currency to a fresh 1-month low at 1.0600, the EURUSD is looking to retrace some of the declines. A sustained bounce off 1.0600 support will signal a retracement back to 1.0700 in the near term as the resistance level of [...] The post EURUSD, USDJPY and XAUUSD TA – February 14 2017 appeared first on Forex Crunch.
Feb 14 3:14am Forex Crunch
The trade deficit in the U.S. shrunk in December compared to the previous month, exceeding half a trillion dollars for the whole of 2016, something which the U.S. President Trump has vowed to narrow by boosting economic growth domestically. The U.S. foreign trade gap for goods and services fell 3.2\% in December to a seasonally [...] The post U.S. trade deficit narrows, totals $502 billion in 2016 appeared first on Forex Crunch.
Feb 14 3:02am Forex Crunch
Germany, the largest economy in Europe, saw a growth rate of 0.4\% q/q in Q4 2016. Year over year, the growth rate was 1.7\%. While this is faster growth when comparing to Q3, the numbers fall short of expectations, which were 0.1\% higher. In addition, the growth rate for Q3 was revised down from 0.2\% to [...] The post German GDP misses with 0.4\% – EUR/USD halts recovery appeared first on Forex Crunch.
Feb 14 2:47am Forex Crunch
The US dollar is looking for a new direction after the first few turbulent weeks in office for Donald Trump. What’s next? Here is their view, courtesy of eFXnews: Concerns over stagflation return: In our view, the most interesting and important development in the global financial market so far this year has been the divergence [...] The post USD: Fade The Trump Risk Premium; Buy USD – BofA Merrill appeared first on Forex Crunch.
Feb 14 1:23am RTT - Forex Top Story
Quarterly national accounts and economic confidence survey results from Germany are due on Tuesday, headlining a busy day for the European economic news.
Feb 14 1:02am RTT - Currency Markets
The Australian dollar strengthened against other major currencies in the Asian session on Tuesday after data showed that consumer prices in China rose more than expected in January.
Feb 14 12:55am RTT - Forex Top Story
China's consumer price inflation accelerated to a 32-month high in January as prices surged ahead of the Lunar New Year holidays, and producer prices climbed at the fastest pace since 2011. Headline consumer price inflation rose more-than-expected to 2.5 percent from 2.1 percent in December, figures from the National Bureau of Statistics showed Tuesday.
Feb 13 11:53pm Forex.Info
For some, Valentines’ Day is the most romantic time of the year but others don’t exactly see the point of spending on dates, buying flowers, giving chocolates, and being all lovey-dovey on the 14th of February. Heck, trading... The post 5 Reasons Why Trading Might Just be Better than Valentines’ Day appeared first on Forex.Info.
Feb 13 11:30pm BabyPips.com
The value of net long bets on the Greenback fell for the fifth consecutive week. And the latest COT forex positioning report shows that the Greenback continues to broadly lose ground. However, the Greenback was able to take ground from the pound. Continue reading → The post Weekly CFTC COT Forex Positioning: Greenback Still Broadly Losing Ground appeared first on BabyPips.com.
Feb 13 10:00pm BabyPips.com
I'm still keeping an eye out for this CAD/JPY descending channel, trying to decide if I should short again at a better price when it tests the resistance. Care to help me out? Continue reading → The post Forex Watchlist: CAD/JPY Channel Resistance appeared first on BabyPips.com.
Feb 13 8:27pm BabyPips.com
Up and at 'em, forex brothas! Today I've got pullback setups on USD/CHF and AUD/JPY for all you swing traders out there. Check it out and see if you can make pips from them! Continue reading → The post Daily Chart Art – Feb. 14, 2017 appeared first on BabyPips.com.
Feb 13 7:57pm BabyPips.com
No data, no problem? Currency-specific headlines sparked plenty of movement in the forex charts, with traders showing more love for the dollar and yen. Continue reading → The post U.S. Session Forex Recap – Feb. 14, 2017 appeared first on BabyPips.com.
Feb 13 7:25pm FXTechstrategy
Have you ever heard someone comment on another person’s behavior by saying that they have a big ego? What does it mean? Generally speaking when someone is saddled with this label it means that the individual is perceived as conceited, self-centered, perfectionistic, having to always be right, having difficulty accepting criticism, self-absorbed or arrogant. Of course they may exhibit all or none ofContinue reading...
Feb 13 7:20pm RTT - Forex Top Story
Food prices in New Zealand jumped 2.8 percent on month in January, Statistics New Zealand said on Tuesday. Prices were up 0.9 percent on month after seasonal adjustment.
Feb 13 4:54pm Forex Crunch
The euro continues losing ground against the greenback but it could change relatively quickly. Here is their view, courtesy of eFXnews: Four arguments for a lower EUR/USD: • Relative rates: bearish for EUR/USD as the Fed is slightly underpriced for 2018 • European politics: EUR/USD negative but do not overestimate the impact • Potential border [...] The post EUR/USD: Here Is Why It Will Fall N-Term Before Rallying M-Term – Danske appeared first on Forex Crunch.