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Monthly archive August, 2015

EUR/USD Risks Fresh Monthly Highs on Strong Euro-Zone GDP Report

- Euro-Zone 2Q GDP to Expand Annualized 1.3%- Fastest Pace of Growth Since 3Q 2011. - Will Faster Growth Spark a ‘Taper Tantrum’ as GDP Picks Up for Three-Straight Quarters? For more updates, sign up for David's e-mail distribution list. Trading the News: Read More →

Oil Weighed by Supply-Demand Gap, Gold Loses As China Calms Market

Talking Points: Oil lowered on supply-demand gap, faded the WTI crash Gold shred safe-haven status as China ensured currency stability Copper stayed flat while investors digested yuan’s impacts to China demand Oil was under pressure overnight from China demand concerns, persistent supply glut, and Read More →

GBPNZD Marks Another Failed Attempt- Short Scalps Favored Sub 2.3942

Talking Points GBPNZD fails at yearly high- August opening range is set Updated targets & invalidation levels Event Risk on Tap This Week GBPNZD Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPNZD fails second attempt at a breach into new highs Risk remains to the downside Read More →

EUR/USD Rally to Fizzle on Strong U.S. Retail Sales

- U.S. Advance Retail Sales to Rebound Following the Unexpected Contraction in June. - Household Spending Has Failed to Grow Five Out of the Past Seven-Months. For more updates, sign up for David's e-mail distribution list. Trading the News: U.S. Advance Retail Sales A Read More →

US Dollar Rebounds After Selloff, Looks for Fuel in Retail Sales Data

Talking Points: September Fed Rate Hike Bets May Swell if US Retail Sales Tops Forecasts US Dollar Outperformed in Asia, Correcting After Yesterday’s Sharp Selloff See Economic Releases Directly on Your Charts with the DailyFX News App A relatively quiet economic calendar in European Read More →

Gold a Winner While Copper Vulnerable from China Currency Devaluation

Talking Points: Gold regained safe-haven status amid fears of currency devaluations Copper gave back gains, vulnerable to demand concerns Oil gained mildly as supply-demand factors played out Gold enjoyed a wild ride in the previous session which carried on today, as consecutive low renminbi Read More →