Monthly archive July, 2013

USD Keeps Gaining Ahead of Important FOMC Rate Decision

THE TAKEAWAY: Eurozone July CPI Core comes in below expectations > US 2Q GDP vastly beats expectations Today highlights significant event risk in the USD. There have already been two noteworthy data prints today which have helped propel the USD higher. Read More →

Two Scenarios for FOMC- Will the Fed Support the USD Breakout?

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10830.37 10851.85 10781.21 0.38 96.00% Chart - Created Using FXCM Marketscope 2.0 Release Expected Actual ADP Employment Change (JUL) 180K 200K Gross Domestic Product (Annualized) (2Q A) 1.0% 1.7% Personal Consumption (2Q A) 1.6% 1.8% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) gained another 0.38 percent on the back Read More →

EUR/USD- Trading the Fed Open Market Committee (FOMC) Meeting

Trading the News: Federal Open Market Committee Meeting What’s Expected: Time of release: 07/31/2013 18:00 GMT, 14:00 EDT Primary Pair Impact: EURUSD Expected: 0.25% Previous: 0.25% DailyFX Forecast: 0.25% Why Is This Event Important: Beyond the Federal Open Market Committee’s (FOMC) interest rate announcement, further details surrounding the Read More →

Gold, Crude Oil to Rise if FOMC Rhetoric Proves Dovish

Crude oil and gold prices are likely to rise if the Federal Reserve opts to offset worries about a cutback in QE with a dovish change in forward guidance. Talking Points Commodities to Rise if FOMC Opts for Dovish Shift in Forward Read More →

Steady Unemployment and Inflation Fails to Impress Euro Traders

THE TAKEAWAY: Euro-zone unemployment remained at a record high in June -> Annual inflation continues at 1.6% -> Little Euro reaction- Want to trade with proprietary strategies developed by FXCM? Find out how here. The Euro-zone unemployment rate remained unchanged at an Read More →

US Dollar: How Will Markets Interpret the FOMC Policy Announcement?

The US Dollar is likely to look to the presence of changes in the Fed’s forward guidance as the key consideration in judging the FOMC policy announcement. Talking Points US Dollar to Judge FOMC Outcome Based on Change in Forward Guidance Euro to Read More →