Course Trading Tips

Fed Rate Hold Doesn’t Embolden Risk Taking but Does Slow the Dollar

September 22, 2015
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Talking Points After its two day meeting, the FOMC committee kept the benchmark rate range of 0.00 – 0.25% There are only two policy meetings remaining in 2015, prompting a downgrade in rate forecasts Despite the easier-for-longer policy outcome, equities proved dubious of the implications Sign up for a free trial of DailyFX-Plus to...

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Gold Soars Yet Copper Falls on Growth Risks after Fed Defers Rate Hike

September 22, 2015
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Talking Points: Oil supported by weak USD and potential withdrawal of US exports ban Gold soared as interest rate hike was postponed, for now Copper pared gains from Chile mine halts, after Fed alerted of weak growth Copper pared earlier gains from supply disruption as market focused on Janet Yellen’s statement on slow growth...

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Aussie, NZ Dollars Rise as Euro Falls Amid Post-FOMC Correction

September 22, 2015
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Talking Points: Australian, NZ Dollars Rebound as Euro Falls Amid Post-FOMC Correction SP 500 Futures Hint Risk-On Mood Likely into the End of the Trading Week See Economic Releases Directly on Your Charts with the DailyFX News App Currency markets were in corrective mode in overnight trade. The Australian and New Zealand Dollars outperformed...

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USD/CAD to Hold Post-Fed Low on Dismal Canada CPI Report

September 22, 2015
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- Canada CPI to Hold Steady at Annualized 1.3%- Fastest Pace of Growth for 2015. - Core Rate of Inflation to Slow to 2.1%- Slowest Rate of Expansion Since February. For more updates, sign up for David’s e-mail distribution list. Trading the News: Canada Consumer Price Index (CPI) Even though Canada’s Consumer Price Index...

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Short Covering Unfolds in Commodity FX Bloc versus USD Post-FOMC

September 22, 2015
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Talking Points: - High yielding and emerging market currencies in focus today. - Base case is for no rate hike, lower rate guidance. - See the September forex seasonality report. The Federal Reserve did what was largely expected of it yesterday, keeping its main rate on hold at 0.25% and announcing no substantive changes...

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GBP/USD Topside Targets in Focus Amid Tightening Race Between BoE/Fed

September 22, 2015
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Talking Points: - GBP/USD Topside Targets in Focus Amid Tightening Race to Normalize Policy. - AUD/USD Risks Larger Rebound as RBA Continues to Endorse Neutral Stance. - USDOLLAR Continues to Carve Bearish Formation Following Cautious Fed. For more updates, sign up for David’s e-mail distribution list. GBP/USD Chart – Created Using FXCM Marketscope 2.0...

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