ATF Trading Room

USD and JPY Dumped as Optimism about Possible US-China Trade Deal Rises

Currency Wars

A tentative uptick in optimism on the trade, global growth and Brexit fronts is conspiring to pressure the safer greenback. The buck’s bullish glow tends to fade when global risks abate. The USD was lower amid mounting evidence of a moderating U.S. economy...

 

EUR Back Under Pressure as the ECB cites growing risks to the economy

Euro-area

The year’s first European Central Bank meeting got off to a soggy start for the euro which slipped to three-week lows against its U.S. rival. By contrast, the greenback enjoyed broad gains with Europe’s weak economy dominating the spotlight...

 

Forex News

GBP Southbound, EUR Resilient, CAD Energized by Canadian Spending Spree

CAD

Europe was mixed with the euro and Swiss franc firm, though the free fall in sterling continued. Oil slipped below $63 but Canada’s dollar neared two-week peaks thanks to reduced trade uncertainty with the U.S. The Aussie and kiwi steadied around monthly lows...

 

Critical Week of Brexit Talks Looms over GBP; AUD and NZD Also in Focus

RBNZ

RBA and RBNZ announcements in focus, while a critical week for the GBP is brewing as the final round of Brexit negotiations between the government and Labour begins today. Hopes of a cross-party consensus being reached are beginning to cool...

 
 

Forex Outlook

GBP cools off its recent bull run as traders take profits

800px-London_stock_exchange_reclad_3

Sterling slipped from two-month highs as sobering news on the U.K consumer spurred many to take some chips off the table. Sterling pared some of its gains as the rocky week of U.K. politics suggested a fading likelihood of Britain exiting the EU without a deal...

 

GS FX Research: EUR and CAD Trade Ideas

709px-Euro_Construction.svg

Looking at the trading session ahead, Goldman Sachs strategists prefer not to chase EURUSD lower as it has already approached 1.1720 support, but would sell on rallies to 1.1810 or on a break below 1.1700, with EUR to be well supported near 1.1665...

 

Forex Research

Is Elliott waving goodbye to the U.S. dollar?

Currency Rates

Being a long-time observer of market dynamics one can`t help getting a sense of déjà vu when looking at the chart of US dollar index as it bears a very familiar Elliott Wave price structure to one seen not so long ago, which may surprise USD bulls...

 

The ‘Grand Old Party’ and the U.S. dollar

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A close examination of past administrations, major events on the world stage which have occurred since the end of the 1960s, and the US dollar trends, can provide a great insight of what the future might have in store for the greenback...

 

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