Monthly archive April, 2013

GBPUSD Heads Into Key Resistance- Scalps Turn Short Sub 1.5586

GBPUSD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook Breach of the 1.54-barrier noted last week has maintained a bullish outlook Topside objective now in view at 1.5586 (50% Retrace of 2013 range) - Breech threatens 1.5680 Confluence with current operative channel resistance Read More →

USDOLLAR Looks Higher Ahead of FOMC- Fed Rhetoric in Focus

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10460.36 10494.02 10449 -0.35 84.07% Chart - Created Using FXCM Marketscope 2.0 The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is trading 0.07 percent lower from the open even after the Conference Board’s Consumer Confidence survey advance to Read More →

Euro H&S Top in Focus Ahead of ECB Meeting- More Easing on Tap

Talking Points Euro: Unemployment Hits Record-High, Inflation Slows Further British Pound: U.K. Mortgage Apps Top Forecast, BoE Curbs Inflation Outlook Euro: Unemployment Hits Record-High, Inflation Slows Further The Euro tumbled to 1.3052 as the jobless rate in the monetary union climbed to a fresh Read More →

Crude Oil, Gold Prices Look to US Data for Guidance

Crude oil and gold prices are looking for April’s US Consumer Confidence report to shape risk sentiment and offer direction cues. Talking Points Crude Oil, Copper at Risk if US Data Sparks Renewed Risk Aversion Gold and Silver Outlook Clouded on Sentiment Trends, Read More →

Euro Rebounds from a Session Low Despite Unexpected Inflation Drop

The economic picture of the Euro-zone has been further shaped this morning by a plethora of economic releases that included a multi-year high for German consumer confidence and a multi-year low for Euro-zone inflation. The Euro set a session low against Read More →

Yen to Extend Gains if US Consumer Confidence Disappoints

The Japanese Yen is likely to rise amid returning risk aversion if April’s US Consumer Confidence data falls short of economists’ expectations. Talking Points Euro Sold as Disappointing German, EZ Data Boosts ECB Rate Cut Bets Yen May Rise if US Consumer Confidence Read More →