ATF Trading Room

CAD Bulls in Charge, EUR Has its Best Month in One and a Half Years

CAD

Canada’s dollar extended its stellar run after better than expected data. Canada’s economy grew at a 0.3% rate in April, above forecasts of 0.1% from a 0.5% in March. Canada’s resilient economy suggests lower chance of Bank of Canada cutting rates...

 

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...

 

Forex News

USD Down after a Dovish Fed Meeting Opens the Door to a Rate Cut in July

Fed3

The U.S. dollar fell after the Fed left interest rates unchanged but issued a dovish statement that validated market expectations of multiple rate cuts by year-end. As expected, the Fed left its main rate in a range between 2.25% and 2.50%...

 

Lackluster Hiring Hurts the USD, Record Low Unemployment Boosts the CAD

Jobs

The U.S. Non-farm Payrolls report showed the economy added lesser than expected 75k jobs in May sending the USD lower today, while stronger than forecast Canadian hiring last month catapulted the loonie to 1 ½ month peaks against the greenback...

 
 

Forex Outlook

GBP cools off its recent bull run as traders take profits

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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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