USD Trading Outlook Archive

Messy, choppy markets are still the order of the day and neither fundamentals nor technicals seem to be driving the market. Headlines, like the one from the PBOC yesterday late-afternoon that they will expand the Yuan trading band, are influencing traders. The economic calendar has… Read more

The EUR finally started to move overnight after lower than expected CPI and higher than expected unemployment put further easing policies back on the table. The falling EUR/USD had a knock-on effect on other major pairs and AUD/USD fell to test the previous day’s lows… Read more

The Federal Reserve made no changes to either policy or statement at their overnight meeting and this caused a slight blip in the USD. The market had anticipated that the statement might be adjusted to be slightly more dovish. The other big event for the… Read more

Not unexpectedly, Glenn Stevens did his best to talk down the AUD/USD yesterday and this had quite far-reaching repercussions. The market initially targeted stops in the AUD/USD below .9510 and this also put pressure on other pairs like GBP/USD, which gapped sharply lower when stops… Read more

It’s been another very quiet 24 hours in the FX market and the big storms in Europe undoubtedly kept many participants away from their screens. The RBA Governor will be giving a speech this morning and we should watch for headlines which might affect the… Read more

We’ve had a quiet opening to the trading week apart from a 30 pip spike higher in USD/JPY (caused by technical buying after the failure to close below the well-watched 200-dma). Risk appetite remains remarkably resilient across most financial markets and overall USD bearish sentiment… Read more

It’s been pretty quiet overnight with some minor adjustments in the crosses but no big market-moving events. Today’s calendar is also light with only the Japanese CPI data likely to cause any volatility. Most of the focus will be on big technical levels like 97.25… Read more

We saw some large flows and excessive volatility over the last 24 hours. Higher-than-expected domestic inflation data saw the AUD/USD take out technical resistance at .9715 before stalling at its 200-DMA near .9750. Breaking news out of the Chinese banking system which elevated some default… Read more

The FX market finally kicked into gear again after overnight US jobs data convinced the market that any tapering by the new Fed Chairperson isn’t likely to happen anytime soon. The USD fell across the board and risk trades like the Yen crosses were bought… Read more

Deathly quiet is probably the best way to describe the FX market over the last 24 hours. There is only minor Chinese data on the economic calendar so we’re unlikely to get any volatility from there. Tonight’s NFP is the next main risk event but… Read more