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Near term implications of the budget on the economy are broadly similar to last year, but perhaps a touch easier (slightly less fiscal drag). The extra investment into the CHCH rebuild and the ACC levy reduction will help at the margin. While there are a number of other initiatives that may be supportive at the margin e.g. housing market regulation. Overall focus is on prudence - and the rating agencies were OK with it. Read More | View Original Article
Dollar Posts Second 1.5% Weekly Rally in 17 Months, QE3 In Focus
The dollar’s performance these past two weeks has been extraordinary. And, unlike the risks that loom over the S&P 500 and yen crosses should sentiment sour; the greenback would only do better if the market’s fears are realized. Read More | View Original Article
Dollar Posts Second 1.5% Weekly Rally in 17 Months, QE3 In Focus
The dollar’s performance these past two weeks has been extraordinary. And, unlike the risks that loom over the S&P 500 and yen crosses should sentiment sour; the greenback would only do better if the market’s fears are realized. Read More | View Original Article
Forex Weekly Outlook May 20-24
The US dollar had another impressive week, making significant gains against many currencies. A rate decision in Japan, Ben Bernanke’s testimony, the FOMC Meeting Minutes, and the German Ifo Business Climate are the top events on our calendar. Here is an outlook on the main market movers awaiting us this week. The dollar’s strength came despite weak US data: the Philly Fed Manufacturing Index dropped to -5.2 in May. Read More | View Original Article
Forex: Dollar Traders Monitor The Greed-Fear Equilibrium and QE3 Speculation
While the S&P 500 is hitting record highs and the yen crosses have rallied over 20 percent since the beginning of the year, the most remarkable performance as of late has come from the US dollar. Read More | View Original Article
EUR/USD Rebound Could Materialize as May PMIs Seek Lift
The Euro gained across the board this week, except against the strengthening US Dollar. Read More | View Original Article
EUR/USD Rebound Could Materialize as May PMIs Seek Lift
The Euro gained across the board this week, except against the strengthening US Dollar. Read More | View Original Article
Weekly Forex Trading Forecast: Will Risk Trends or QE3 Take the FX Reins?
Both the S&P 500 and US Dollar continue to soar to new heights - bucking traditional risk appetite currents. Will the yield chase maintain this unusual mix or will sentiment finally shock the markets back in line? Read More | View Original Article
Weekly Forex Trading Forecast: Will Risk Trends or QE3 Take the FX Reins?
Both the S&P 500 and US Dollar continue to soar to new heights - bucking traditional risk appetite currents. Will the yield chase maintain this unusual mix or will sentiment finally shock the markets back in line? Read More | View Original Article
Dollar Posts Biggest Surge in 18 Months on the Way to 3 Year Highs
The dollar has exploded higher. Since overtaking the 10,600-mark – the midpoint of the past decade’s range – the Dow Jones FXCM Dollar Index (ticker = USDollar) has posted its biggest two-week rally since November 2011. Read More | View Original Article
Dollar Posts Biggest Surge in 18 Months on the Way to 3 Year Highs
The dollar has exploded higher. Since overtaking the 10,600-mark – the midpoint of the past decade’s range – the Dow Jones FXCM Dollar Index (ticker = USDollar) has posted its biggest two-week rally since November 2011. Read More | View Original Article
DailyFX Webinar Schedule: Week of May 19, 2013
While US equities continue to press their luck with record highs, we are seeing further and further divergence to the standard expectations on risk trends through the FX market. Read More | View Original Article
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. Can banks be too big to manage? New data on the housing recovery comes next week and Microsoft holds an Xbox event this week. Read More | View Original Article
Japanese Yen Bounce Almost Guaranteed, but at ¥103 or ¥110?
A Japanese Yen bounce looks almost guaranteed on crystal-clear signs of a sentiment extreme. But timing is the only thing that matters in trading—does that happen at ¥103 or ¥110? Read More | View Original Article
Japanese Yen Bounce Almost Guaranteed, but at ¥103 or ¥110?
A Japanese Yen bounce looks almost guaranteed on crystal-clear signs of a sentiment extreme. But timing is the only thing that matters in trading—does that happen at ¥103 or ¥110? Read More | View Original Article
Gold Plummets 6% Ahead of FOMC Minutes Bearish Below $1405
Gold remained under substantial pressure this week with the precious metal down nearly 6.4% (its largest decline in four weeks) and further losses are expected as we head into next week. Read More | View Original Article
Gold Plummets 6% Ahead of FOMC Minutes Bearish Below $1405
Gold remained under substantial pressure this week with the precious metal down nearly 6.4% (its largest decline in four weeks) and further losses are expected as we head into next week. Read More | View Original Article
The Dow Jones FXCM Dollar Index is a great asset used to determine USD direction. Today we will review trading breakouts with the current USD trend. Read More | View Original Article
How to Trade Fast Moving US Dollar Pairs Next Week
Recent moves have been wondrous. Next week’s trading may require more skill however. Well-constructed channel lines can help one enter trades in fast moving, impulsive markets. Focus is on setups in AUDUSD, NZDUSD, and USDCHF. Read More | View Original Article
Sterling Outlook Hinges on BoE Minutes- Higher Low in the Making?
The British Pound failed to maintain the upward trend from earlier this year, with the GBPUSD slipping to a fresh monthly low of 1.5156, but the sterling may regain its footing in the week ahead should the Bank of England (BoE) Minutes further dampen speculation for more quantitative easing. Read More | View Original Article
Sterling Outlook Hinges on BoE Minutes- Higher Low in the Making?
The British Pound failed to maintain the upward trend from earlier this year, with the GBPUSD slipping to a fresh monthly low of 1.5156, but the sterling may regain its footing in the week ahead should the Bank of England (BoE) Minutes further dampen speculation for more quantitative easing. Read More | View Original Article
What to Pair Against the Weak Australian Dollar
The trading pair of the Aussie dollar for the Mexican peso is becoming an increasingly popular trade, said an analyst. Read More | View Original Article
The Dollars Surging, but Why Might it Rally Even Further?
The Dollar has surged to its highest since late 2010. There are some big “ifs”, but if things fall into place the USDOLLAR could rocket even higher. Read More | View Original Article
The Dollars Surging, but Why Might it Rally Even Further?
The Dollar has surged to its highest since late 2010. There are some big “ifs”, but if things fall into place the USDOLLAR could rocket even higher. Read More | View Original Article
Insights Good Chart Readers Can Live By
Millions of traders rely on charts to generate trade signals and find entry and exit points, but technical analysis must be a strictly disciplined, rule-based study in order to deliver precision results. Read More | View Original Article
Sixth quarter of contraction in the eurozone Only three countries avoid it in Q1 France is not on the list The release of Q1 2013 GDP estimates this week showed the eurozone is stuck in recession, with activity contracting for six consecutive quarters. Only three countries avoided a GDP contraction in Q1, and France is not part of them. After a prolonged stagnation in 2012, the country sank in recession in Q4. Germany avoids recession. Read More | View Original Article
Bold New Efforts to Talk Down the Euro
With the Eurozone economy still mired in recession, policymakers have begun making more concerted efforts to talk down the euro as a means of stimulating exports and driving growth. Read More | View Original Article
USD to Consolidate Ahead of FOMC Minutes- AUD Heavily Oversold
The Dow Jones-FXCM U.S. Dollar index advanced to a fresh yearly high of 10,816 as the developments coming out of the U.S. economy raised the outlook for growth. Read More | View Original Article
USD to Consolidate Ahead of FOMC Minutes- AUD Heavily Oversold
The Dow Jones-FXCM U.S. Dollar index advanced to a fresh yearly high of 10,816 as the developments coming out of the U.S. economy raised the outlook for growth. Read More | View Original Article
Week Ahead: the conundrum behind the rally
Stock market investors are flying blind. They do know they’re being supported by a strong force, called monetary stimulus. Massive asset purchase programmes, from the US Fed, but also Japan and UK, have helped developed stock markets break a string of records in recent weeks. The FTSE 100 is up 13% since the start of the year. But they don’t know when this will end, and how turbulent the eventual return to earth will be. Read More | View Original Article
