Блог Сообщества Dukascopy
Markets shrug off dovish FOMC as USD demand returns
Whatever you made of the FOMC Minutes ( I think it was just stating what we should already know and that's the Fed being in no rush to taper/hike) we saw decent US$ selling in the aftermath.Another day, another dollar sentiment and we've seen USD demand back across the board.GBPUSD down to 1.2857 ( I've taken some profit down here on my post-data shorts above 1.2900. Thank-you algos! ) as EURUSD continues its move lower to test 1.1690 with EURGBP holding around 0.9095USDJPY up to 110.23 but rall…
Cable snaps back
Contrary to what many market participants expected in light of strong employment and inflation readings in the U.S., the Fed were surprisingly dovish at their yesterday's meeting, citing global economic developments as main risk.
Cable rose 150 pips in the two hours after the release which added to 220 pips from the day's low. 50 DMA is the immediate resistance with last week's high (~1.4435) the next target. 1.40 support remains firmly in place as Brexit worries seem to subside somewhat.
Cable rose 150 pips in the two hours after the release which added to 220 pips from the day's low. 50 DMA is the immediate resistance with last week's high (~1.4435) the next target. 1.40 support remains firmly in place as Brexit worries seem to subside somewhat.
USD/CAD sells off on neutral BOC
USD/CAD sold off after BOC didn't cut rates and published neutral rate statement. Even though market wasn't expecting any cuts, apparently it was hoping for a bit more dovishness from them. EUR/CAD fell more than 150 and GBP/CAD 200 pips, with negative PMI data released in the morning weighing on both.
FOMC Minutes- Main Risk Event Of The Day
Beside BOE minutes and interest rates decision there is nothing else on the news wire that can be a market mover except the FOMC minutes. The only thing that matters for investors is to look for more clues as to when the FED will start hiking interest rates.
When it comes to the bond-buying program Fed Chair Yellen has been very clear that the purchases will end in October so traders will look to this FOMC minutes to provide clues for rate rise timing. When it comes to timing next hike in rates …
When it comes to the bond-buying program Fed Chair Yellen has been very clear that the purchases will end in October so traders will look to this FOMC minutes to provide clues for rate rise timing. When it comes to timing next hike in rates …
Short GBP/AUD. Trade Explanation
Since it's weekend I just want to take the time and cover in details my latest trades and give you more explanation behind those trades.Today I'm going to start with my short GBP/AUD trade and tomorrow I'll explain my long EUR/AUD which was a loss.
Currency Pair: GBP/AUD
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 1.807985
Close Price: 1.79997
PnL: +80pips
Open date: 13.08.2014 09:30:47
Close Date: 13.08.2014 09:48:37
Reasons Behind the trade: This trade was based just on fundamenta…
Currency Pair: GBP/AUD
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 1.807985
Close Price: 1.79997
PnL: +80pips
Open date: 13.08.2014 09:30:47
Close Date: 13.08.2014 09:48:37
Reasons Behind the trade: This trade was based just on fundamenta…
What To Expect For FOMC Minutes
Beside the fact that the main risk event for today is definitely the FOMC minutes we also have Mario Draghi speaking lately today. When it comes to the ECB there are different opinions in regards with what will trigger ECB QE. Some members see QE only in an "emergency situation" and others say "ready to take any actions that may prove necessary should downside risks further materialise" like Noyer.
When it comes to FOMC minutes I'm not expecting any market-moving comments coming from Yellen's sp…
When it comes to FOMC minutes I'm not expecting any market-moving comments coming from Yellen's sp…
ECB Monetary Policy Statement
This is definitely the most awaited ECB meeting since awhile. After weaker EU inflation reading, the CPI figures came in worse than expected at 4 years low, at 0.5% and is well below the ECB's 2% target. Although ECB may feel some pressure as inflation hits new lows, I'm not sure if ECB is going to easing or not as there is no clear view if they are
ready to act and tame down deflationary pressure.
ECB is pretty stationary when it comes to the perception of his monetary policy standing.
A…
ready to act and tame down deflationary pressure.
ECB is pretty stationary when it comes to the perception of his monetary policy standing.
A…
EUR/USD -Correction & Consolidation!
- Charts: 4Hours, 1 Day.
- Indicators: Fibonacci Fan Lines,Fibonacci Retracements,CCI.
- Prepared with :JForex 4.
- Current Level :1.3773.
Preparing the week ahead
Next week there are very important upcoming economic events as major Central Banks from around the world have scheduled interest rate decisions and upgrade their market policy, and on top of that, Friday we have the NFP figures which after last poor figure has become an important risk event as we know that tapering is "data depending" and any soft number may be perceived as a threat to the reduction of the bond buying programe.
Tuesday we have RBA interest rate decision and market expectati…