FOREX

Hedge Funds are Increasing Their Bullish Bets on the GBP/USD Despite Some Mixed U.K. Economic Data

Fri May 22, 2015

The Bank of England (BoE) Governor Mark Carney said on May 13 that the bank trimmed its gross domestic product ...

Divergent Monetary Policies Continue to Put Downward Pressure on EUR/USD Exchange Rate

Thu May 21, 2015

The European Commission revised its growth forecast for the eurozone last Tuesday to 1.5% from 1.3% in 2015, while keeping it unchanged at 1.9% for next year. The ...

U.S. Dollar Index Reels on Weak Retail Sales, Signaling That a Fed Rate Hike is Off the Table for Now

Thu May 14, 2015

A mixed bag of weak U.S. economic data put downside pressure on the U.S. dollar index (DXY), a weighted ...

The EUR/USD May Need More Hard Economic Data to Break Out the 1.14 Resistance Level

Tue May 12, 2015

The European Commission revised its growth forecast for the eurozone last Tuesday to 1.5% from 1.3% in 2015, while keeping it unchanged at 1.9% for next year. The ...

USD/JPY and Nikkei 225 Remain Bullish Ahead of Japan’s GDP Data

Mon May 11, 2015

Bank of Japan (BOJ) governor Haruhiko Kuroda said in a semi-annual report at the end of April that Japan’s gross domestic product (GDP) will expand 2% for the fiscal year ...

Bearish EUR/JPY FX Cross Rate May Be Signaling More Trouble in the Eurozone Ahead

Tue Apr 14, 2015

The U.S. dollar slid against the euro and Japanese yen today after the Commerce Department said that U.S. retail sales edged up 0.9% in March, the first gain in four months but ...

The U.S. Dollar Index is Ready to Breakout Despite Fed Rate Hike Fears Fading

Tue Apr 7, 2015

The U.S. Dollar index (DXY), a weighted geometric index of the value of the U.S. dollar relative to a basket of six major currencies, rose for the second day in a row to close at ...

USD/JPY’s Next Move Could Depend Upon the March U.S. Jobs Report

Wed Apr 1, 2015

The USD/JPY dropped to an intraday low of 119.42 yen per dollar on Wednesday, after private payroll processor ADP said that businesses added 189,000 jobs in March, far short ...

USD/JPY’s Next Move Could Depend Upon the March U.S. Jobs Report

Tue Mar 31, 2015

The USD/JPY dropped to an intraday low of 119.42 yen per dollar on Wednesday, after private payroll processor ADP said that businesses added 189,000 jobs in March, far short ...

USD/JPY and Nikkei 225 Remain Bullish as the BOJ Continues Printing Money to Buy Shares

Fri Mar 13, 2015

The USD/JPY surged to an intraday high of 122.02 yen per dollar on Tuesday, the highest level since July 2007, as the U.S. dollar index (DXY) broke out the psychological head ...

EUR/USD is Turning Bearish as the U.S. Dollar Index is Ready to Breakout

Tue Mar 3, 2015

The U.S. dollar index (DXY) shrugged off weaker-than-expected U.S. economic data on Monday and rose slightly to close at 95.462. The Bureau of Economic ...

USD/JPY Could Turn Bearish if More Signs of a Weak U.S. Economy Emerge

Fri Feb 20, 2015

The dollar-yen exchange rate didn’t react much after the two-day Bank of Japan (BOJ) policy meeting turned out to be a non-event. BOJ Governor Haruhiko Kuroda said on ...

U.S. Dollar Index Tumbled on a Ukraine Peace Deal and Weak U.S. Retail Sales

Wed Feb 11, 2015

The U.S. dollar index (DXY) tumbled 1.16% to an intraday low of 94.07 on Thursday after the leaders of Russia, Ukraine, France and Germany reached a ceasefire deal for the ...

ECB Stimulus Has Not Even Started But a Global Currency War Has Already Begun

Thu Jan 22, 2015

The European Central Bank (ECB) announced an aggressive government bond-purchasing program today, worth about 60 billion euros per month, to prop up the sagging Eurozone ...

Hang Seng Indexes and the Hong Kong Dollar’s Peg to U.S. Dollar

Wed Jan 21, 2015

Right after the Swiss National Bank (SNB) decided to discontinue its three-year minimum exchange rate of 1.20 Swiss francs per euro, unsubstantiated speculations ...

Euro Could Make a Major Bounce if the ECB Disappoints the Market

Thu Jan 15, 2015

The 10-year U.S. Treasury yield tumbled to 1.77% on Thursday before bouncing back and closed on Friday at 1.83%. The big decline in the 10-Year U.S. Treasury yield ...

Swiss National Bank May Have Had Enough With ECB’s Full-Blown Money Printing

Thu Jan 15, 2015

The Swiss francs-euro exchange soared from yesterday close at 0.83270 euro per Swiss francs to an intra-day high of 1.04425 euro per Swiss francs today, or almost 20%, as ...

Global Equity Markets Got Harpooned as US Dollar Index and OVX Break Out

Mon Jan 5, 2015

The U.S. Dollar Index (DXY pronounced “Dixie”), which broke out the 90.38 head resistance or 38.2% Fibonacci retracement last Friday, surged to a new high today at ...

US Dollar Index Breakout, Now What!?

Fri Jan 2, 2015

The euro got off on the wrong foot in 2015 as European Central Bank President Mario Draghi hinted during an interview, with the German financial newspaper Handelsblatt, that the ECB is moving closer to launching a full-scale quantitative easing ...

U.S. Dollar Index at 7-Year High — Now what?

Fri Dec 5, 2014

On Friday, the U.S. Dollar index (DXY pronounced “Dixie”) surged to 89.467 and pulled back to close at 89.36, a 7-year high, as the U.S. nonfarm payrolls for November came in well above expectations. By next year, the DXY will continue ...

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