EURUSD Holds Below 1.1100 – Waiting for Germany to Act

Market Drivers November 6, 2019 EZ PMIs improve New Zealand labor data misses Nikkei 0.22% Dax 0.15% UST 10Y 1.84% Oil $56/bbl Gold $1487/oz BTCUSD $9390 Europe and Asia: EUR PMI 50.6 vs. 50.2 EUR Retail Sales 3.1% vs....

Economic Data Calls for November 6, 2019

Here’s what we are looking for in tomorrow’s economic reports (November 6, 2019) — Good Luck Trading! 1. EZ PMI Services Revisions (03:55 ET) No Trade — Revisions are difficult...

AUD: Here’s What You Can Expect from RBA

The Australian dollar is in focus this week with a number of market moving economic reports and a monetary policy announcement on calendar. Having traded to 3 month highs last...

Economic Data Calls for November 5, 2019

Here’s what we are looking for in tomorrow’s economic reports (November 5, 2019) — Good Luck Trading! 1. AU PMI Services (16:30 ET) Bearish AUD — Potential downside rise given...

Gold And The US Dollar

The daily gold chart is another I have commented on extensively over the last few years, and one aspect in particular which has been interesting recently is the apparent...

Where Next For Currencies This Week?

The start of the trading week is a good time to check on the daily charts of our four currency indices, namely  the Japanese yen, the US dollar, the...

Is EURUSD Setting Up for a Breakout?

Market Drivers November 4, 2019 Risk on opens in the week in FX AU Retail sales miss Nikkei closed Dax 0.807% UST 10Y 1.75% Oil $56/bbl Gold $1509/oz BTCUSD $9175 Europe and Asia: AUD AU Retail Sales 0.2%...

Dollar – No Relief Rally as ISM not NFPs tells Real...

October was a challenging month for the US dollar. The vulnerabilities of the US economy became more apparent, forcing the Federal Reserve to take further action to insure against a...

Throw it all Away

When I graduated from college my father wrote me a note that said, “Rent everything from underwear on out.” He probably never thought I would take him seriously, but...

Dollar Stays Weak Ahead of NFP

Market Drivers November 1, 2019 China PMI beats All eyes on NFP Nikkei -0.33% Dax 0.417% UST 10Y 1.68% Oil $54/bbl Gold $1513/oz BTCUSD $9175 Europe and Asia: CNY PMI Manufacturing 51.7 vs. 51.0 North America  USD NFP 8:30 USD ISM...

Economic Data Calls for November 4, 2019

Here’s what we are looking for in tomorrow’s economic reports (November 4, 2019) — Good Luck Trading! 1. AU Retail Sales Monthly & Quarterly (19:30 ET) Bullish AUD — Stronger...

Dollar Crashes on China, Will NFPs be the Nail in the...

Investors continued to dump US dollars today with the greenback trading lower against all of the major currencies. USD/JPY was hit the hardest but significant losses were also seen for...