ATF Trading Room

Trade war heats up, cools USD rally in Spite of a Solid U.S. Jobs Report

Jobs

The U.S. dollar kept below multiyear peaks as solid jobs data wasn’t enough to allay concerns about the amped up trade war. America’s jobs report met forecasts with a gain of 164,000 in July, a healthy amount that kept unemployment at a low 3.7%...

 

GBP Falls as Bank of England Keeps Rates On Hold with Unanimous 9-0 Vote

Bank of england

Sterling resumed a slide against the greenback that knocked it to 2 ½ year lows. The August BoE MPC meeting again lived up to market expectations and left policy on hold. Bank Rate remains pegged at 0.75 percent and the ceiling on QE at £445 billion...

 

Forex News

USD Soars after Fed’s Hawkish Cut, the EUR Drops to New 26-month Low

Eccles Building, Constitution Ave, from Mall

If this week’s Fed meeting was a test of dollar strength, the U.S. unit passed with high marks. The dollar cruised to new highs after the Fed fired its first rate cut in a decade. The greenback motored to its strongest in over two years against the euro and sterling...

 

EUR zigzags after ECB stands pat but opens the door to more QE

ECB Draghi

The euro slumped to two-year lows after the ECB all but eased policy at its latest meeting. The ECB left its main interest rate at zero and the deposit rate at minus 0.40%. The ECB affirmed its low rate pledge, vowing to keep rates low for at least another year...

 
 

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

738px-Victor_Dubreuil_-_Barrels_on_Money,_c._1897_oil_on_canvas

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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