Trade ideas thread — Monday 28 August 2017

Welcome again to the beginning of the FX week!Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:         Don’t forget — it’s a UK holiday today (Monday) although Europe is in as normal.If you are having a long weekend — rock

EUR/USD … its all about what Yellen and Draghi didn’t say

If you’d like a super-brief take on the event at Jackson Hole , or maybe the non-events is more accurate: Federal Reserve System Chair Janet Yellen said pretty much nothing on monetary policy European Central Bank President Mario Draghi said nothing on the strength of the euro  There were some reasonable expectations that Yellen would have given […]

It will all about the euro last week

The euro was the top performer last week The thing is, Draghi didn’t even do anything to boost the euro. His main speech at Jackson Hole hinted at better growth and then in comments later he preached the same message of patience as he has for two months. It didn’t matter, the euro jumped and […]

Forex — Weekly outlook: August 28 — September 1

© Reuters. Dollar falls to 2-year lows against stronger euro — The dollar fell against a basket of the other major currencies on Friday and plumbed its lowest level against the euro in more than two years as investors digested speeches by global central bank officials. The U.S. dollar index, which measures the greenback’s […]

CFTC: Gold Net Longs at 9-Month High; Speculators More Bearish on Sterling

CFTC: Gold Net Longs at 9-Month High; Speculators More Bearish on Sterling — The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending August 22 on Friday. Speculative positioning in the CME and ICE currency, commodity, energy and index futures:     LongShort NetPriorChangeGrossChangeGrossChangeEUR79.3k93.7k-14.4k190.3k-10.9k111.1k3.5kGBP-31.9k-25.2k-6.7k

Hurricane Harvey damage expected to be widespread

Flooding likely to be a bigger factor than wind It’s extremely rare for a Category 4 hurricane to make landfall in the United States or anywhere else. The latest one was Hurricane Katrina. The NHC had predicted it would growth to Category 3 but it was even more powerful than expected. It made landfall twice, […]