Economic Data Calls August 14, 2019

Here’s what we are looking for in tomorrow’s economic reports (August 14, 2019) — Good Luck Trading! 1. Chinese IP and Retail Sales (20:00 ET) No Trade — Chinese data...

In FX – Setting up for Perfect Storm of Risk?

Market Drivers August 13, 2019 UK Labor in line GE ZEW misses badly Nikkei -1.117% Dax 0.48% UST 10Y 1.64% Oil $55/bbl Gold $1524/oz BTCUSD $11350. Europe and Asia: GBP UK Labor 28K vs.42K UR GE ZEW -44 vs....

This Week In Forex, Crypto, And Stocks – August 13, 2019

Forex Market Overview Last week was an up and down week for the US dollar, which was boosted by some risk aversion practices but weakened by the success of other...

Swing Trading Forex Takes the Least Amount of Time

Swing trading forex is one of the best ways to trade currencies while also providing very compelling additional benefits.  First, it only takes a few minutes per day.  We...

When Will USDJPY Break 105?

It has been a very busy week for President Trump. On Sunday, he announced fresh tariffs on China, on Tuesday he ordered the Treasury to label China a currency...

People’s Bank Signals That Yuan Devaluation Will Be Orderly

U.S. stocks rallied strongly today, Thursday, August 8, after the People’s Bank of China set its daily reference rate for its currency at 7.0039 to the dollar. That was...

Why Trump Can’t Afford to Intervene in the Dollar

Volatility wise, it was a relatively quiet day in the forex market. USD/JPY extended its losses but the greenback recovered against euro, sterling and other major currencies. The rallies...

Economic Data Calls for August 9, 2019

Here’s what we are looking for in tomorrow’s economic reports (August 9, 2019) — Good Luck Trading! 1. Japanese GDP Q2 (19:50 ET) Bearish JPY — Potential downside surprise given...

After Days of Volatility – All Quiet on the FX Front

Market Drivers August 8, 2019 Chinese Trade better PBOC fixes USDCNY above 7.000 Nikkei 0.37% Dax 0.67% UST 10Y 1.73% Oil $52/bbl Gold $1497/oz BTCUSD $11900. Europe and Asia: CNY Trade 45B FX was very quiet in Asian and...

Forex Markets Exhausted After The Last Few Days!

After the fireworks of the last few days, it was no surprise to see virtually all the markets moving in congestion phases including forex which has seen dramatic price...

BOOM! – RBNZ Cuts 50bps

Market Drivers August 7, 2019 RBNZ cuts by 50bps German IP -1.5% vs. 0.5% Nikkei -0.33% Dax 1.33% UST 10Y 1.68% Oil $53/bbl Gold $1487/oz BTCUSD $11600. Europe and Asia: RBNZ cut 50bp vs. 25bp CAD Ivey PMI 8:30 The...

What Are Implications of China Currency Manipulator Label

The US government looked the other way for the past 25 years but under President Trump's watch that is no longer be the case. For the first time since 1994,...