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Monthly archive February, 2015

EUR/USD Breaks Month-Long Range as Crowd Flips to Net-Long

Talking Points: - USDOLLAR Index correction lasts until daily 34-EMA is tested. - EURUSD range breakdown coincides with crowd turning long. - See the DailyFX Economic Calendar for Friday, February 27, 2015. German CPI is expected to fall further into negative territory when released Read More →

Bearish EUR/USD Outlook Vulnerable to Dismal 4Q U.S. GDP Report

- U.S. 4Q GDP to Expand 2.0%- Slowest Pace of Growth Since the Contraction in 1Q 2014. - Personal Consumption to Grow 4.3% - Fastest Pace of Growt5h Since 1Q 2006. Trading the News: U.S. Gross Domestic Product (GDP) A marked downward revision Read More →

Euro to Look Past German CPI, US Dollar Looks to 4Q GDP Revision

Talking Points: Euro Unlikely to Find Fuel in German CPI Data as ECB QE Launch Looms Larger-Than-Expected US GDP Markdown May Send US Dollar Downward See Economic Releases Directly on Your Charts with the DailyFX News App Germany’s flash CPI data headlines the economic Read More →

Prepare Your Platform to Simulate Trade

The third session of the Consistent Winning Pattern Series starts today, in just a few hours! This is a series of live webinars designed to assist all traders who wish to gain a “Consistently...

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USD/JPY Scalp Targets 119.64 Resistance Ahead of GDP

Talking Points USDJPY weekly opening range in focus Constructive bias at risk just below near-term resistance- 119.64 Key Event Risk on Tap USD/JPY Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook USDJPY holding within tight weekly range- 118.60- 119.64 in focus Breach targets 120.00/17, 121.44 & 121.84 Support Read More →