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Ed Matts blanket’s Aussie with reduced beta from geo-risk

The Live Analysis Room brings today Ed Matt, who drills down the Aussie with a reduced beta risk. He uses gold fractals for Aussie crosses that lead to biases in the Euro. Join us for a unique Forex experience in the FXStreet’s Live Analysis Room. The #FXroom is being hosted by Dale Pinkert, long time and popular contributor on FXStreet. 4 hours each day, 20 hours per week with a masterclass mentor. Know our Mastermind concept as we all edify each other 1+1=11. … [Read more...]

Forex Forecast: USD/CAD Long Set-Up

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and … [Read more...]

Two Setups to Watch for ECB in EUR/AUD and EUR/USD

Talking Points: - Euro coiled like a tight spring ready to release its energy. - EURAUD and EURUSD offer actionable trades in either direction. - Join me at 11:30 GMT for live coverage of the ECB rate decision. To keep up with developments central banks and their policy changes, be sure to sign up for my distribution list. The Euro is coiled like a spring waiting to release its stored potential energy. Here are the trade setups to watch in EURAUD and EURUSD. Watch the video and join me for live coverage starting at 11:30 GMT for a more detailed discussion. --- Written by Christopher … [Read more...]

Crude Oil Struggles Sub $100 While Gold Bounces Back Ahead of NFP

Talking Points Gold bounces back above $1,285 as bears book profits Crude oil traders hesitate ahead of critical jobs data Copper may continue recovery in absence of weak China data The precious metals are edging higher in Asian trading today following a jump in the gold price above the key $1,285 mark overnight. Meanwhile, crude oil continues to struggle below the $100 a barrel handle as traders likely hesitate ahead of the critical US jobs figures on Friday. Precious Metals Recover Ahead of Jobs Data Gold prices jumped in US trading overnight ahead of the ADP jobs report. The yellow metal … [Read more...]

Bullish EUR/USD Trend at Risk on Dovish ECB- 1.3500 Remains Key

- European Central Bank (ECB)to Hold Benchmark Interest Rate at 0.25%. - ECB President Mario Draghi to Deliver Policy Statement at 12:30 GMT. Trading the News: European Central Bank Interest Rate Decision According to a Bloomberg News survey, 54 of the 57 economists polled see the European Central Bank (ECB) sticking to the sidelines in April, but the market speculation (rate cut, negative deposit rates, verbal intervention, unsterilized bond purchases, Long-Term Refinancing Operation) surrounding the interest rate decision may spark increased volatility in the EUR/USD as market participants … [Read more...]

AUDNZD under pressure post RBA rate decision

During the previous Asian session, the Reserve Bank of Australia announced the cash rate. The central bank kept the cash rate at a record low of 2.5 percent. AUDUSD pair traded higher after the release, but fell back to test 0.9250 support level. Comparatively, the New Zealand dollar is trading higher, which has added pressure on AUDNZD pair. Highlights of RBA Statement The official statement from the RBA was mostly unchanged from the last meeting. In terms of economy, the central bank mentioned that global economy was a bit below trend in 2013, and China's growth remains generally in line … [Read more...]

Positioning Ahead of ECB and NFPs

Trade The News Real-time 24hr global markets news in both audio & text formats. Free Trial. Economic Data - (IE) Ireland Mar Live Register Monthly Change: -1.8K v -2.3K prior; Unemployment Rate: 11.8% (4-year low) v 11.9% prior; Live Register Level: 396.9 v 398.7 prior- (ZA) South Africa Q1 BER Consumer Confidence: -6 v -7 prior- (US) MBA Mortgage Applications w/e Mar 28th: -1.2% v -3.5% prior- (BR) Brazil Feb Industrial Production M/M: 0.4% v 0.5%e; Y/Y: 5.0% v 4.9%e- (US) Mar ADP Employment Change: +191K v +195Ke- (SG) Singapore Mar Purchasing Managers Index: 50.8 v 51.1e; Electronics … [Read more...]

EUR Pairs Vulnerable After Losing ST Trends Pre-ECB

Talking Points: - More weak price data out of Euro-Zone compounds deflation fears. - EUR slipping versus three major counterparts - AUD, JPY, USD. - End of week economic calendar packed with event risk - ECB, NFPs. To keep up with developments central banks and their policy changes, be sure to sign up for my distribution list. More weak price data out of Europe leaves the Euro especially vulnerable ahead of tomorrow's European Central Bank policy meeting. The sharpest rate of decline in the February PPI since December 2009, the weak inflation environment has been compounded by falling wage … [Read more...]

Gold Vulnerable Near $1,285 Ahead of US ADP and Factory Orders Figures

Talking Points Crude oil drops below $100 alongside bearish technical signals Gold vulnerable to further declines as traders move towards yield-plays US Economic Data to give precious metals further bearings in session ahead Crude Oil has plunged below the critical $100 a barrel handle in US trading overnight following a disappointing US manufacturing reading which accelerated earlier declines. Meanwhile, a continued drive towards yield-plays reflected by fresh record highs for the S&P 500 likely lead traders away from gold, sending the precious metal below the $1,285 mark. Upcoming US … [Read more...]

JPY-crosses gain momentum, EUR higher post-PMI

Forex News and Events: FX markets trade the PMI figures all over the globe today. The focus on manufacturing PMI readings will continue with Canadian and US figures in the afternoon. In the Euro-zone, the unemployment rate eased to 11.9% in February, the March final manufacturing PMIs have been flat-to-positive unlike weakness in China and Australia overnight.  EUR trends higher in Europe this morning; we see no signs of dovish ECB bets on Thursday meeting. In Japan, USDJPY and JPY crosses gain momentum on the upside despite soft Tankan readings. The sales take hike from 5% to 8% is effective … [Read more...]