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Trading the News: U.S. ISM Manufacturing What’s Expected: Time of release: 02/01/2012 15:00 GMT, 10:00 EST Primary Pair Impact: EURUSD Expected: 54.5 Previous: 53.9 DailyFX Forecast: 53.8 to 55.5 Why Is This Event Important: The U.S. ISM Manufacturing index is expected to increase to 54.5 in January and the fasters rate of production may spark a bullish reaction in the U.S. dollar [...]
The greenback is slightly softer at the close of North American trade with the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) off by a fractional 0.9% on the session. Risk appetite quickly subsided at the open after weaker than expected US economic data saw risk assets come off sharply as the dollar pulled back above key support [...]
Daily Winners and Losers The New Zealand dollar is the strongest performing currency against a mixed greenback in early US trade with the pair advancing nearly 0.80 on the session. Risk appetite remained well supported in European trade before weaker than expected US economic data weighed heavily on broader market sentiment, [...]
DJ FXCM Dollar Index Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10022 10024.65 9930.53 0.73 134.87% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.73 percent higher from the open after moving 135 percent of its average true range, and the shift in trader sentiment [...]
USD/JPY:The market has managed to successfully hold above the bottom of the daily Ichimoku cloud to further strengthen our constructive outlook and we look for the formation of a inter-day higher low by 76.55 ahead of the next major upside extension back towards and eventually through the recent multi-day highs by 79.55. Ultimately, only a [...]
EUR/USD: The market is now looking to establish below the critical 2011 lows from January 2011 at 1.2870 and a weekly close below this level will open the door for the next major downside extension towards the 1.2500 area. Overall, we retain a strong bearish outlook for this market and look for setbacks to extend towards [...]
Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 9939.04 10018.67 9900.67 -0.61 139.49% Although the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.61 percent lower from the open, it seems as though we’re seeing interim support around 9,900, and the short-term rebound may gather pace over the [...]
DJ FXCM Dollar Index Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 9732.87 9759.67 9685.77 0.35 69.51% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.39 percent higher on the day after moving 70 percent of its average true range, and we may see the greenback [...]
The kiwi couldn’t weather the global storm and lost some ground. Inflation Expectations and Retail sales are the main events this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD Last week was good for the manufacturing sector when raw material prices gained less than the 1.2% increase expected rising [...]
The SNB continues to be very active around the franc, but not all of its efforts are successful. The upcoming week consists of 4 important indicators. Here is an outlook for these indicators, and an updated technical analysis for USD/CHF. The expectations from the SNB and also the actual moves, have a wide impact on [...]