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Monthly archive September, 2014

NZD/USD Risks Further Losses on New Zealand’s Widening Trade Deficit

- New Zealand Trade Deficit of NZD1.125B Would Mark Largest Shortfall Since August 2013. - Exports to Slow to NZD 3.20B- Lowest Since September 2010. Trading the News: New Zealand Trade Balance A marked expansion in New Zealand’s trade deficit may spark fresh Read More →

GBP/USD Faces Growing Risk for Bullish Breakout as DailyFX SSI Flips

Talking Points: - GBP/USD Remains Capped by 1.6410-40 Ahead of BoE Carney’s Speech; SSI Flips to Negative. - USD/CAD Continues to Carve Higher-Lows as Canada Retail Sales Disappoints. - USDOLLAR Preserves Bullish Setup Ahead of U.S. Durable Goods, Final 2Q GDP Report For more Read More →

What Levels Would Yield EUR Rally? Watch this EUR/USD EMA

Talking Points: - EURUSD has been tracking daily 13-EMA, now at 1.2925/30. - EURAUD 8-EMA support pushes it towards apex of consolidation. - See the DailyFX Euro Economic Calendar for the week of September 21, 2014. Euro-Zone economic data came out roundly weaker than Read More →

Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric

Talking Points: Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric British Pound Tops Majors’ Performance as Focus Returns to BoE Euro Pressure Remains as Consumer Confidence Falls, Draghi Commits to Stimulus Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric While Fed rate speculation Read More →

Euro May Be Asymetrically Sensitive if PMI Data Tops Expectations

Talking Points: Euro May Prove Most Responsive to Better-Than-Expected Sep. PMI Results Aussie Dollar Outperformed Following Upbeat Chinese PMI Print Overnight NZ Dollar Sold on Fading RBNZ Rate Hike Bets, Dairy Exports Expectations September’s preliminary set of Eurozone PMI figures headlines the economic calendar Read More →

Crude Oil Recovers On China PMI Beat, Gold Firmer Ahead Of US Data

Talking Points Gold and Silver Reclaim Lost Ground As The US Dollar Falters Copper And Crude Oil Bolstered By Chinese Manufacturing Beat Platinum Eyeing The 1,314 Floor Following A Slide Under 1,360 The precious metals have managed to recover some lost ground in Asian Read More →