Category Archives: A-Post

24 Dec: US$, stocks rangebound against Europeans, firmer against commodity bloc currencies.

The US$ has been mixed again on Thursday, rangebound against the EU majors (although firm gains Cable), while remaining firm against the commodity bloc currencies. In terms of data the US initial jobless claims rose to 274k above expectation of 255k while the Durable Goods Orders fell by -4.6% mm in November, slightly better than expectation of -4.7%. The Q3 GDP was finalised at 3.5% annualised (exp 3.3%) while the GDP price index at 1.4%, as expected. Oil was higher, after an early dip, on the back of the solid US data, while the metals were heavy due to the prospects of a higher dollar.
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This is the last, and limited, update until 3 January when we will be operating on a reduced service until Monday 9 Jan. From 3 Jan though, we will be on a new web address, www.fxcharts.net with a revamped website and plenty of new ideas to assist you with your trading. Until then, have a safe and happy Christmas.

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22 Dec: Markets trading sideways ahead of a busy US data schedule.

Stock markets have traded sideways and the US$ is mixed on Wednesday, giving back some of the recent gains against the EU majors as traders took profits ahead of Christmas, while firmer against the commodity bloc, which remain heavy, near trend lows. Metals have also traded sideways while WTI is a little lower after U.S. […]

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21 Dec: US$ firm, with the Euro falling to a 14 year low. Stocks close to all time highs.

The US$ remains firm on Wednesday, underpinned by safe haven flows after the probable terrorist attack in Germany and in a nervous reaction to the assassination  of the Russian ambassador to Turkey. The dollar also continued to be supported by the upbeat comments from Janet Yellen at the end of the previous session on the […]

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20 Dec: Yellen underpins the dollar with upbeat comments of jobs/wages growth. BOJ today.

Markets have been mixed and have traded mostly sideways on Monday, with the US$ picking up a little ground late in the session after Janet Yellen said, at a university graduation speech, that she sees a strong job market and wage growth picking up a little in coming months. Otherwise it was generally fairly quiet, […]

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19 Dec: US$ mixed. Aud, Kiwi lower. Liquidity becoming thin, but a heavy US data schedule this week.

Markets were relatively mixed on Friday following the gyrations seen on Thursday after the FOMC announcement, with the notable exceptions of the Aud and the Kiwi both of which collapsed by around 1% against the dollar and also made considerable losses on the crosses. There was no particular reason for the move although commodities in […]

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19 Dec: Happy Christmas! A new website is on its way!!

FX Charts would like to thank you for your support during 2016. Another year is almost done but as we look forward, I suspect that 2017 is going to be a very active one in the financial markets, with some sizable moves coupled with some strong trends that have the potential to provide some great trading opportunities.

2017 will be a big year for FX Charts too. We are changing our website in January, which will be accessible via a new address (fxcharts.net), although the current URL (www.fxchartsdaily.com) can still be used and will automatically send you to the new site. In addition to the daily outlook, the updated website will also contain a members area which will allow access to a daily trending guide to 18 different currencies/commodities/indices. There will also be a forum/chat room, where members can post and discuss their own market related ideas and theories, as well as a host of educational and trading tools to assist you along your way to being a more successful trader.

The new site is already up and running and we have started adding some interesting content, ready for the new year. If you are already a subscriber to FXCharts you will be able to log in to the new site soon, so look out for an announcement on fxcharts.net to let you know when these logins are available. Just use the forgotten password link on the login page to have a new password emailed to you. If you are not already a subscriber you will be able to register at fxcharts.net, just wait for the announcement.

We will be taking a short break over the Christmas/New Year period, and the last report of 2016 will be on Thursday 23 rd December. A limited daily service will be available from Tuesday, 3rd Jan 2017, and full service will resume on Monday 10 th Jan

We’d like to wish you and your families the very happiest of times for this period and look forward to working with you again during 2017.

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16 Dec:US$, bond yields climb on Fed rate outlook, with more to come in 2017. EU CPI today.

Following the buying spree after yesterday’s FOMC decision, the dollar and bond yields are both higher at the end of Thursday’s session today after another bunch of solid US economic data. The headline US CPI rose to 1.7% yy in November, while the Core CPI was unchanged at 2.1% yy, both in line with expectation. […]

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15 Dec: Fed hikes by 25 bp; projects 3 more in 2017. BOE, SNB meetings today. Australian jobs data coming up.

So, the FOMC have voted and unanimously elected to raise rates by 25 points, as expected, and although the Statement is not overly hawkish the dot plot of rate hikes was a surprise, suggesting 3 hikes in 2017 instead of the 2 that had previously been thought likely. The dollar spiked immediately higher on the […]

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14 Dec: Markets mostly on hold ahead of today’s FOMC result. DJI approaching 20,000!

Markets have been a little choppy on Tuesday but by the end of the session most products have traded pretty much sideways while awaiting the outcome of today’s FOMC Meeting. The main interest has been in the stock markets, which have again made a new all time high, with the DJI pulling up just 45 points […]

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13 Dec: US$ softer on pre-FOMC position squaring. China Retail Sales, German/UK CPI, ZEW in focus today.

The dollar has generally traded on a softer note against the other majors on Monday as markets prepare for the FOMC meeting on Wednesday. The Yen has also been weak, placed under some pressure by the surging oil price which gapped higher following the weekend agreement by non –OPEC countries to cut production. Elsewhere, US […]

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