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– Yesterday’s minutes created another wave of selling in the Dollar. But buyers responded to offer support at another ‘higher-low’.

– The higher-lows that have shown-up in August have built ‘DXY’ into a bear flag formation. If this bullish channel develops further, the potential for a longer-term topside run in the Dollar could look considerably more attractive. Below, we look at two breakout setups for such a scenario, as well as one ‘fade’ setup for those looking for USD-weakness to continue.

– If you’re looking for trade ideas, . And if you’re looking for shorter-term ideas, .

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, we discussed the tenuous nature of the current recovery being seen in the U.S. Dollar. The Dollar came into the month of August extremely oversold, as July was brutal for the Greenback. A solid NFP report at the beginning of the month created a short-squeeze scenario as Dollar shorts hurriedly covered positions. A weak CPI report on the following Friday brought sellers back into the fray, but this time something was missing – and that was bearish drive as we approached those prior lows. As bears got shy near support, prices began to work-higher, solidifying a ‘higher-low’ in DXY as prices ran up to fresh two-week highs.

. The Federal Reserve said that they anticipate starting balance sheet reduction ‘relatively soon’. Some market participants inferred that to mean September, but it’s impossible to determine if this is what the bank was actually implying. Also within the minutes, the Fed discussed worries around lagging inflation. The near-immediate response was another gust of USD-weakness after the Dollar came-off of those fresh two-week highs. But similar to what we saw last Friday, buyers showed-up to offer support at a ‘higher-low’. The chart below shows the U.S. Dollar’s response to yesterday’s FOMC minutes in red, with the most recent iteration of higher-low support in purple.

U.S. Dollar Hourly via ‘DXY’: Bearish Response to FOMC Minutes (in Red)

Chart prepared by

When taken in consideration of the bigger picture setup in the U.S. Dollar, this makes for a bear flag formation. On the chart below, we’ve added a Fibonacci retracement to the bearish move in DXY that took place in July. From here, we can see where resistance is continuing to show around the 38.2% retracement of that move at 94.06.

U.S. Dollar via ‘DXY’ Four-Hour Chart: Bull Flag with Resistance at 38.2% Fib retracement

Chart prepared by

The exciting part about the above observation is that it appears that the U.S. Dollar is continuing to show bullish indications despite the negative drivers that have shown up over the last week. Friday’s CPI report brought sellers back into the Dollar, but they were unable to perch down to a fresh low. Bullish price action followed, and after yesterday’s FOMC minutes, we saw somewhat of the same as that bearish response was mitigated as bulls came-in at a higher-low.

This opens the potential for a bullish continuation move in the Dollar. This would still be in the extreme early stages, so traders will likely want to be cautious here, but given the continued resistance that’s been seen around the above Fibonacci retracement, a top-side break above this level can also open the door to a bullish break of the bear flag formation. This can create the backdrop with which long positions can become attractive again as sentiment shifts from ‘extreme oversold’ levels.

To let this theme build, traders can look for resistance to show around the 50% Fib at 94.53, and this can open up the possibility for ‘higher-low’ support at current resistance around 94.06.

Chart prepared by

Bullish Breakout Scenarios in the U.S. Dollar

For traders that do want to look for a top-side move in the Greenback, there are a series of interesting setups available. On the hourly chart below, we’re looking at an inverse head and shoulders formation in . The neck-line around 111.00 could be an interesting topside breakout level to watch in the pair.

USD/JPY Hourly Inverse Head & Shoulders: Neck in Blue, Shoulders in Red, Head in Green

Chart prepared by

We’re seeing a similar formation in as it appears that the previous down-trend in the pair is attempting to bottom-out. Resistance of .9770 has held in Swissy since early-June, and multiple attempts to breakout have faltered. Will a subsequent test of that level bring on the same reversal?

If it does not, and if prices are finally able to break above this zone around .9770 – the door can be opened for bullish continuation in the pair.

USD/CHF Four-Hour Inverse Head & Shoulders:Neck in Blue, Shoulders in Red, Head in Green

Chart prepared by

The Other Side of the Dollar

For those that do not want to look for a larger move of strength in USD, there are setups on the other side. The previously massive up-trend in is continuing to test support, and at this point, it looks like a deeper test may be in store as bears are tip-toeing lower on the chart. Of recent, we’ve been discussing the big picture zone of support in the pair that runs from 1.1685-1.1736. At 1.1685 we have the 23.6% retracement of the 2008-2017 major move, and at 1.1736 we have the 38.2% retracement of the ECB QE move in the pair.

EUR/USD Monthly Chart: After a Bullish 2017, Long-Term Support Zone Continues to Test

Chart prepared by

On the shorter-term four-hour chart below, we can see where EUR/USD continues to tip-toe below this support zone. This retracement is still very shallow, as we haven’t yet taken-out 38.2% of the recent bullish move in the pair (shown in royal blue below). It would appear that we have the beginnings of a bull flag formation starting to show, which could see a deeper retracement before the bullish move is ready to continue. But this can open the possibility of a few different points of reference for the topside continuation setup in EUR/USD.

A break-above 1.1800, or a deeper support test around 1.1607 or 1.1500 can open the door to bullish setups in EUR/USD.

Chart prepared by

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– Today marks the start of the Jackson Hole Economic Symposium, but tomorrow is when interest really ramps up as we’re getting speeches from Janet Yellen (10 AM ET) and Mario Draghi (3 PM ET). (more…)

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– Today is the second day of the Jackson Hole Economic Symposium, and we’ll hear from Fed Chair Janet Yellen and ECB President Mario Draghi.

– Mr. Draghi’s speech is at 3PM ET, well after the close of European business and just an hour ahead of the U.S. market close. This means we’re probably going to be looking at illiquid conditions across markets, and this can make for a dangerous backdrop if looking to do anything short-term in the . (more…)

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– Central Bank rate decisions were held out of Japan and Europe over the past 24 hours. Both banks attempted to take a dovish outlook to markets. One appeared to work while the other, so far, has not. (more…)

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Talking Points:

– The European Central Bank hosts a rate decision tomorrow, with press conference to follow at 7:45 AM and 8:30 AM ET, respectively.

– The has been strong for much of 2017 as markets attempt to front-run a stimulus exit from the European Central Bank. As of yet, no formal announcements from the bank have been made, but will the ECB signal that tighter policy options are on the horizon? (more…)

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The Euro was lower on the week against most major currencies, falling by -.7% against both the U.S Dollar and along with a -1.6% decline against the Australian Dollar. The Euro ended the week stronger versus the , as yet elicited a quick dose of Sterling weakness, with the single currency gaining .4% against the British Pound. Perhaps the most interesting aspect of this week’s in the Euro wasn’t what happened, but what didn’t happen: , cutting inflation forecasts going out to 2019, and the Euro did not break its streak of recent strength against most major currencies on Daily charts. Bullish trends remain in and as each pair’s pullback following yesterday’s ECB meeting has, at least so far, been met with some element of buyer support around previous inflection levels. (more…)

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US non-farm payrolls increased by +156K in August and the unemployment rate increased by 0.1% to 4.4%; both prints missed their respective forecasts

– US wages increased by +2.5% y/y and +0.1% m/m; both prints came in below estimates (more…)

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– Last week finished with fireworks as the popped-higher after ECB President Mario Draghi’s comments, which seemingly avoided any topics around monetary policy.

– pushed up to a fresh 2.5 year high while DXY dropped down towards 2.5 year lows. (more…)

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How do retail traders view your favourite currency of the moment? Check out the DailyFX

Asian stock markets were still in cautious mood Tuesday, with North Korea once again the reason why. (more…)

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Canada Consumer Price Index (CPI) to Pick Up for First Time Since January.

Core Inflation Unexpectedly Climbed an Annualized 1.4% in June.

. (more…)

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U.S. Durable Goods Orders to Contract.6.0% in July.

Non-Defense Capital Goods Orders ex. Aircrafts to Increase 0.4%.

.

Trading the News: U.S. Durable Goods Orders (more…)

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Talking Points

  • EURUSD possibly trading within near-term bull flag-immediate risk still lower
  • Check out our EURUSD quarterly projections in our
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  • The delcine is approaching technial support into the 1.27 region- shorts at risk into this level
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  • continues to slide towards monthly open support ahead of Jackson Hole
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  • Ethereum breakout eyes key resistance target- outlook constructive above 320
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  • responds to key resistance zone– immediate long-bias at risk while below
  • Check out our Gold quarterly projections in our
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Mounting geo-political tensions with North Korea and the recent increase in market volatility has continued to fuel demand for the perceived safety of gold with prices continuing to plow higher since early-July. Weakness in the greenback has also contributed to the rally with bullion prices up more than 14% year-to-date. That said, we’re now approaching a region of technical resistance which may cap the advance near-term. (more…)

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In this webinar we looked ahead to next week’s drivers for and after UK central bank hawkishness sent Sterling to multi-month highs. Next week is top and tailed by speeches from BoE’s Carney and UK PM Theresa May and also includes the latest policy decision, with added economic projections and press conference. (more…)

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Find out what retail investors make of the currencies you love and those you loathe on the DailyFX

Asian indexes started a new week in the green, buoyed up by a strong Wall Street finish Friday and a lack of further obvious bad news from North Korea. (more…)

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– The president of the German Bundesbank, Jens Weidmann, does not see any need for an extension of the ECB asset-purchase program beyond the current end-date of December.

– But while calling for ‘a quick exit’, he argues against an abrupt end to bond buying to avoid turmoil in the markets. (more…)

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What will drive longer-term FX market trends? .

The New Zealand Dollar appreciated against its major counterparts after July’s merchandise trade balance crossed the wires. New Zealand’s monthly trade surplus came in at NZD85m as opposed to a forecasted deficit of 200m. This was also the first July surplus since 2012 and only the eleventh one since 1960. A rare event indeed. (more…)

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What makes a successful trader? We’ve examined over 40 million trades .

Asian stock markets were mixed again Thursday as investors found themselves short of one overarching story to guide trade. (more…)

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Sterling continues to weaken as Brexit fears hit household spending and manufacturing.

– Sterling could be set for further falls.

: they’re free and have been updated for the third quarter of 2017 (more…)

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Traders in US crude oil need to keep a close watch on tropical storm Harvey as it nears Texas.

By one estimate it could put a third of US refineries out of action if it hits the state. (more…)

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See where the Japanese Yen stands in the trading community’s affections at the DailyFX .

The Japanese Yen rose Wednesday, probably thanks to generally diminished investor risk appetite but traders may also have a new bull factor to price in: increasing calls for a change to monetary policy. (more…)

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What do retail traders’ buy sell decisions say about the Yen price trend? .

The Yen finds itself at something of a crossroads as the Bank of Japan mulls competing economic trends ahead of next week’s monetary policy announcement. On one hand, policymakers’ steadfast commitment to an ultra-dovish posture even as growth gathers steam seems to have finally created the backdrop for reflation. On the other, the central bank’s tactics may be starting to look self-defeating. (more…)

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The Bank of Japan (BoJ) interest rate decision has done little to alter the near-term outlook for , with the pair at risk of giving back the rebound from the June-low (108.80) if the Federal Reserve endorses a more gradual path in normalizing monetary policy. (more…)

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This week saw . The noteworthy event for this week was falling below the key level of 110.00, and as we move towards the close of the week it appears as though prices will post their first weekly close below this zone since mid-April. This is an important psychological level for USD/JPY, and just ten pips below we have a key Fibonacci level at 109.90: The fact that prices were able to break and stay below this area is confluent zone of support notable, and will likely carry bearing into next week as markets’ focus shift towards a series of high-impact economic prints around-the-globe. (more…)

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The Japanese Yen is moving towards the close of what was an interesting week for the currency. While there were very few Japanese economic drivers to speak of, the larger overall theme of risk aversion continued to show in some very key areas such as U.S. stocks. This helped to keep the Yen strong against most major currencies as the ran-up to fresh highs, including a print of a fresh four-month low in USD/JPY early in the U.S. session on Friday before buyers responded to push higher off of the lows. Next week brings a key piece of Japanese data on Friday morning (Thursday night in the U.S.) with the release of July inflation figures. (more…)

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This week was somewhat of a wash for the , as the currency moved sideways against the , Aussie and U.S. Dollar. The Yen did show a bit of deference to trends of strength in the and , as . The bigger item of interest across global markets was the Jackson Hole Economic Symposium, where investors came in with piqued interest around the prospect of Quantitative Tightening. But in an excellent example of wordsmithery, ; as she instead focused on banking regulation and reform, specifically dialing-in on recent efforts to repeal policies that were put in to place after the Financial Collapse. (more…)

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What do some traders have that all traders wish they had? DailyFX has been looking into the

The Australian Dollar saw a short-lived spike Tuesday following the release of minutes from the Reserve Bank of Australia’s last monetary policy conclave which focused on US Dollar weakness as being behind the currency’s recent strength. (more…)

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Late last week the biggest near-term risk facing rampant Australian Dollar bulls became clear: it’s the currency’s own central bank.

Reserve Bank of Australia Deputy Governor Guy Debelle . He spoke in Adelaide and poured cold water on the idea that recent RBA discussions of Australia’s neutral interest rate presaged any prospect of a hike in the country’s record-low, 1.5% Official Cash Rate. He also said that local rates will not have to rise in step with those of other developed economies. (more…)

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stands at risk for a near-term pullback as it initiates a bearish sequence, but the Reserve Bank of Australia’s (RBA) August 1 interest rate decision may trigger fresh yearly highs in the exchange rate should Governor & Co. alter the course for monetary policy. (more…)

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: they’re free and have been updated for the third quarter of 2017

The Australian Dollar has been on a roll since early May, with AUD/USD climbing from a low around 0.7330 to a high of 0.8063 in late July. Since then it has eased back, trading at 0.7920 in late European business Friday. (more…)

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The DailyFX can help you with your Australian Dollar strategy.

The coming week is light in terms of Australian economic numbers. (more…)

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Get tips and live coverage of major Australian Dollar developments at the .

The Australian Dollar market may be stuck with familiar themes this week. (more…)

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Trade the key economic data, live and interactive. Please join us for the

Asian stocks were mostly slightly lower Tuesday as investors looked ahead to the US Federal Reserve’s September monetary policy meeting. (more…)

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The bank of England made clear this week that markets are underestimating the possibility of an interest rate hike this year, despite weak GDP and wage growth numbers. The clear message was sent out by governor Carney after Thursday’s MPC meeting and reinforced by a hawkish speech by BOE policy maker Gert Vlieghe, a one-time dove. Cable duly responded hitting a 15-month high and still has room to move to the upside, especially as the remains weak. (more…)

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Talking Points:

– , the 10-year US Treasury yield, and the have all moved in lockstep for the past three months.

– Meanwhile, weakness is providing cover for otherwise weak currencies like the and New Zealand Dollar. (more…)

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Talking Points:

– Developments in the news have all boosted the appeal of US Treasuries, which have sent US yields tumbling in recent weeks.

– As outlined in the August 29 research note, as long as US real yields are falling, the US Dollar’s appeal would be limited and both and the would continue to outperform. (more…)

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Check out the Asia/Pacific currency outlook into 2017’s final quarter with the

Stocks found the going tough Wednesday as warlike rhetoric ratcheted up between North Korea and the United States. (more…)

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Safe havens such as the and gold are in demand on the bellicose rhetoric from the US and North Korea.

Conversely, ‘risk-on’ currencies like the Australian Dollar and the Korean Won are weakening. (more…)

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The South African Rand has weakened after President Jacob Zuma’s opponents failed to win another vote of no-confidence in him.

That weakness will likely continue as political risk remains a dominant market factor. (more…)

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See how the trading community views the at the .

Federal Reserve members Charles Evans and James Bullard weighed in on the future on policy today. The comments revealed a divide from the Fed members in the pace seen appropriate for policy tightening, and the time to begin trimming its $4.5 trillion balance-sheet. (more…)

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Have a question about why the New Zealand Dollar did what it did? and ask it live! (more…)

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Get live, interactive coverage of all the major economic data which move the Australian Dollar at the . (more…)

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The was steady Friday following a mixed set of key data from its homeland. (more…)

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In this webinar we looked at next week’s data releases and events and discussed their potential impact on a wide range of UK assets and markets. The releases include the latest inflation, jobs and wages reports, while the Bank of England MPC decision is released on Thursday. (more…)

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– The British Pound is running-higher on the morning as the bank has voted 5-3 in favor of keeping rates flat, as Ms. Kristin Forbes was joined by Michael Saunders and Ian McCafferty in voting for a rate hike. (more…)

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Talking Points:

– The Bank of England elected to hold rates flat at .5% this morning, keeping rates at an ‘emergency low’ for the 83rd consecutive month.

– The BoE surprised this morning in the fact that they made pointed statements towards the upcoming ‘Brexit,’ vote, saying that a vote to leave would entail higher unemployment, higher inflation, lower growth and a ‘sharp’ decline in the value of . (more…)

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. This was a quarterly meeting, often referred to as ‘Super Thursday’ as the BoE accompanied the rate decision with a set of updated forecasts as well as meeting minutes and a press conference after the decision. It was probably no surprise to many that BoE Governor Mark Carney remained dovish, as has become usual in the post-Brexit backdrop. (more…)

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CPIH rose to 2.9% in August.

– All eyes on Wednesday’s UK wages and employment releases.

: they’re free and have been updated for the third quarter of 2017 (more…)

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What do retail traders’ buy/sell decisions say about the US Dollar price trend? .

The US Dollar recovered to snap a three-week losing streak after hitting a 13-month low against its major counterparts. The recovery was fueled by July’s . Not only did payrolls exceed the markets’ expectations, but wage growth registered firmer as well. That is a hopeful sign for the Fed officials looking for a pickup in inflation to justify another rate hike. (more…)

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Retail traders expect the US Dollar to rise. what this hints about the actual price trend!

The US Dollar finds itself torn between the influence of speculation about Federal Reserve monetary policy and swelling geopolitical risk. This ought to make for a volatile week ahead critical economic news-flow comes across the wires against a backdrop of simmering tension between the US and North Korea. (more…)

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Prepare to trade what’s next for the US Dollar. Join our weekly !

The US Dollar managed to navigate last week’s politically charged landscape without sacrificing the upward trend launched from early August lows against the G10 FX majors. That seems like quite a feat considering that the – a benchmark for market-wide risk appetite – plunged to a one-month low and . (more…)

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Prepare to trade what’s next for the US Dollar. Join our weekly !

The US Dollar spent most of last week in wait-and-see mode as markets braced for a speech from Fed Chair Janet Yellen at the US central bank’s annual symposium in Jackson Hole, Wyoming. The gathering has frequently served as the venue to unveil major turns in monetary policy. (more…)

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Prepare to trade what’s next for the US Dollar. Join our weekly !

The US Dollar continues to impress with its resilience last week. In the past three weeks, the greenback managed to navigate past as well as at the Jackson Hole symposium, emerging relatively unscathed. It has now managed to shrug off August’s broadly disappointing employment report as well. (more…)

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Talking Points

The Swiss Franc remains ‘highly valued’ and the SNB remains willing to intervene

– 2017 inflation forecast nudged higher to 0.4% from 0.3%

: they’re free and have been updated for the third quarter of 2017 (more…)

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Talking Points:

– The Consumer Price Index (CPI) came in at 1.9%, slightly higher than estimates at 1.8%; core inflation also beat expectations at 1.7% versus the expected 1.6%.

Third rate hike for 2017 is back in play at around 50/50 split. (more…)

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Talking Points:

Trade the major Asia Pacific economic data live and interactive at the

Asian markets were cautious but sanguine Friday on news that North Korea had launched a missile which overflew Japan, suggesting that investors are becoming more inured to such events. (more…)

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Talking Points

Bitcoin (BTC) and Ethereum (ETH) register double-digit losses, Litecoin (LTC) slumps 20%

BTC China announces it will stop all trading on September 30.

is designed to provide traders with a reference for important terms and concepts essential for understanding the emerging cryptocurrency universe. (more…)

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The DailyFX bitcoin glossary is designed to provide traders with a reference for important terms and concepts essential for understanding the emerging cryptocurrency universe.

BTC (XBT) – The most popular Bitcoin exchange rate is the XBT to rate. There is no official ISO currency code for Bitcoins, although XBT is commonly used. (more…)

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  • Review of current / active setups into the weekly open
  • Review the mini-series
  • Join Michael for Live Weekly Trading Webinars on

It’s the start of a new month and hopefully the end of the summer doldrums we’ve experienced over the past few weeks. The technical picture is starting to look appealing on a number of crosses with the DXY still hovering above longer-term Fibonacci support at 91.94. (more…)

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  • Ethereumrally take out topside targets- reversal approaching key near-term support
  • Check out our 3Q projections in our .
  • Join Michael for Live Weekly Strategy Webinars on

(more…)

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  • Aussie sets monthly / weekly opening-range just above key slope support
  • Check out our quarterly projections in our
  • Join Michael for Live Weekly Strategy Webinars on

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  • Sterling rally approaching initial resistance targets- broader outlook remains constructive
  • Check out our quarterly projections in our
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  • A look at the weekly technicals across the Dollar Majors
  • DXY at make-or-break levels; crosses to consider in both scenarios
  • Join Michael for Live Weekly Strategy Webinars on

Every now and then it’s helpful to just scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. We looked at a few of these charts in today’s and heading deeper into September trade, here are the key levels to consider. (more…)

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Talking Points:

Remains Capped Ahead of NFP Report, RBA Meeting.

Fails to Test July-Low, Initiates Bullish Sequence Ahead of Canada GDP Report. (more…)

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Talking Points:

Canada Dollar Outperforms on Upbeat GDP Report, Bullish Sequence at Risk.

NZD/USD: RBNZ Toughens Verbal Intervention, Head-and-Shoulders in Play.

. (more…)

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Talking Points:

Crude Oil Prices Carve Bullish Sequence Following Harvey; Outlook Mired by Rising U.S. Output.

Bid Amid Dovish Fed Rhetoric- Australia 2Q GDP Report in Focus. (more…)

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Talking Points:

Tumbles to Fresh 2017-Low as BoC Delivers Rate-Hike, Endorses Hawkish Outlook.

Dovish Reserve Bank of Australia (RBA) Rhetoric to Fuel Losses.

Sign Up for the for an opportunity to discuss potential trade setups. (more…)

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Talking Points:

Resilience to Persist as ECB Unveils Post-QE Game Plan.

Struggles Ahead of Fed Rhetoric, U.S. 10 & 30 Year Treasury Yields Slip to Fresh 2017-Lows. (more…)

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Talking Points:

prices marked time on a quiet day made tame by the absence of top-tier news flow and Labor Day market closures in North America, as . The docket remains relatively tame as liquidity rebuilds, with nothing of unmistakable significance on tap until API inventory flow statistics cross the wires on Wednesday. That might make for continued consolidation in the near term. (more…)

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Talking Points:

The outperformed as stocks tumbled across Asia Pacific exchanges, offering a familiar lift to the perennially anti-risk currency. On the other side of the spectrum, the sentiment-sensitive dutifully declined. (more…)

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Talking Points:

All eyes are on an in European trading hours. Expectant traders are keen to see if the President Mario Draghi and company will use the occasion to begin the process of “tapering” QE asset purchases or at least set the stage for doing so in the months ahead. The absence of such guidance may be seen as disappointing, driving the broadly lower. (more…)

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Talking Points:

The sank in Asia Pacific trade, building on losses sustained in the prior session against a backdrop of deteriorating Fed interest rate hike prospects. The priced-in probability of a third increase in 2017 as reflected in Fed Funds futures slipped to 22.6 percent, the lowest yet this year. That sent the greenback to the weakest in 15 months against an average of its major counterparts. (more…)

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Talking Points:

An up-swell in market sentiment defined the G10 FX space at the start of the trading week. The anti-risk slumped while at the opposite end of the spectrum, the powered higher. The chipper mood appears to be follow-on momentum after Wall Street finished Friday with record highs recorded for US equities benchmarks. (more…)

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Talking Points:

The of investor sentiment headlines an otherwise quiet European economic data docket. A mixed picture is expected, with confidence in current conditions ebbing a bit in September while the forward-looking assessment brightens for the first time in four months. The result may pass without a strong response considering its limited implications for near-term ECB policy. (more…)

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Talking Points:

prices rose for a fourth consecutive day as market sentiment soured in North American trade, sinking shares and pushing capital into the safety of government bonds. This weighed down yields, boosting the appeal of non-interest-bearing assets. Newswires chalked up investors’ gloomy mood to and worries about another large storm – dubbed – menacing the US. (more…)

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Talking Points:

prices continued to push upward, scoring the fifth consecutive day of gains. Support from rebuilding refining capacity in the wake of Hurricane Harvey was helped along by comments from and weekly inventory flow statistics from . (more…)

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Talking Points:

prices pushed higher as deteriorating Fed rate hike prospects sank the , boosting the appeal of the benchmark anti-fiat asset. The greenback fell to a 15-month low against an average of its top counterparts as the priced-in probability of a third increase in 2017 slipped to 22.6 percent, the lowest yet this year. (more…)

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Talking Points:

prices plunged as a market-wide recovery in risk appetite sent capital flows pouring out of the safety of Treasury bonds, pushing yields upward alongside shares. The chipper mood likewise echoed in Fed rate hike expectations, with the priced-in 2017 policy path steepening and sending the upward. Not surprisingly, this undermined the appeal of non-interest-bearing and anti-fiat assets. (more…)

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U.S. Consumer Confidence to Narrow for First Time Since June.

Conference Board Survey Has Held Above 100-Threshold Since July 2016.

.

Trading the News: U.S. Consumer Confidence (more…)

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U.S. 2Q GDP to Expand Annualized 2.7%- Fastest Pace of Growth Since 3Q 2016.

Core PCE to Hold Steady at 0.9% per Annum; Lowest Reading Since 1Q 2015.

– Sign Up for the for an opportunity to discuss potential trade setups. (more…)

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U.S. Non-Farm Payrolls (NFP) to Rise 180K, Jobless Rate to Hold at Annualized 4.3%.

Average Hourly Earnings to Increase for First Time Since February.

. (more…)

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European Central Bank (ECB) to Stick to Zero-Interest Rate Policy (ZIRP).

Will the Governing Council Stick to the December Deadline & Start to Taper the Asset-Purchase Program?

. (more…)

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Talking Points:

– Reversal candles in (inverted hammer) and (bullish key reversal) provide hope for bulls…

– …but given how weak US yields remain and how has retained its breakout posture, it’s still too soon to call a turn. (more…)

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Talking Points:

– Rising US yields, jump in US equities, drop in signal rebound in risk appetite; and continue to rally.

– DXY Index has not closed above its daily 21-EMA since June 22; similarly, hasn’t closed below its daily 21-EMA since June 22. (more…)

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