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US Dollar’s Bid for 12-Year High Will Hinge on Fed’s Decision

US Dollar’s Bid for 12-Year High Will Hinge on Fed’s Decision
Fundamental Forecast for Dollar:Neutral An active or expectd dovish shift from the ECB, PBoC and BoJ leverage the Dollar’s remarkably monetary policy bearing Depending on Read More →

Drooping Milk Prices Drive NZD/USD Lower Ahead of RBNZ

Drooping Milk Prices Drive NZD/USD Lower Ahead of RBNZ
Fundamental Forecast for the Kiwi:Neutral A weak dairy auction hit NZD/USD prices on Tuesday of this week, and prices found support on the familiar .6700 handle. NZD/USD Read More →

GBP/USD Searches for Support as Rebound Unravels- GDP, Fed in Focus

GBP/USD Searches for Support as Rebound Unravels- GDP, Fed in Focus
Fundamental Forecast for British Pound:Neutral GBP/USD Risks Further Losses as Bearish Outside-Day Takes Shape Pound May Rise as Carney Plays Down Rates Impact of Brexit Read More →

The Juice is Loose: Central Banks Catapult Stock Prices Higher (Again)

Summary: The People’s Bank of China announced a surprise interest rate and RRR-cut ahead of the US market open. This, combined with the ECB’s recognition that they’ll re-examine their QE policy in December has provided massive strength to global stocks. Next week is Read More →

Post-ECB Charts Reveal Significant Damage to EUR-crosses

Talking Points: - EUR-crosses suggesting significant technical damage after ECB. - USD bulls may want to choose more selectively going forward. - See the October forex seasonality report that favors US Dollar weakness. The ECB meeting yesterday blew away dovish expectations thanks to a Read More →

Strong Canada Core CPI to Undermine USD/CAD Rebound

- Canada’s Headline Consumer Price Index (CPI) to Slow for First Time in Since April. - Core Rate of Inflation to Uptick to Annualized 2.2% From 2.1%- Lowest Since February. For more updates, sign up for David's e-mail distribution list. Trading the News: Read More →