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Monthly archive October, 2015

AUD/JPY Shorts Primed for BoJ, RBA

Talking Points AUD/JPY at near-term support ahead of BoJ/RBA- Range in focus 85.50-86 Updated targets & invalidation levels Event Risk on Tap This Week AUDJPY Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook AUDJPY trading within descending median-line formation- bearish Interim support 85.46/50 backed by subsequent objectives Read More →

USD Struggles to Hold Fed-Driven Rally as GDP, Home Sales Disappoint

Talking Points: - USDOLLAR Struggles Following FOMC as U.S. Data Continues to Disappoint. - USD/JPY Rebound to Unravel on Wait-and-See BoJ Policy. - AUD/USD Continues to Search for Support Ahead RBA Interest Rate Decision. For more updates, sign up for David's e-mail distribution list. USDOLLAR(Ticker: Read More →

EUR/USD Bear Flag in Play Now that FOMC Eyes December

Talking Points: - EUR/USD rejected former support region near $1.1085/1.1110. - AUD/USD falls back into August-October symmetrical triangle. - See the October forex seasonality report that favors US Dollar weakness. The Federal Reserve's policy statement yesterday was a touch more hawkishess than markets were Read More →

Fed-Driven USD Rally at Risk on Dismal U.S. GDP Report

- U.S. GDP to Expand Annualized 1.5% to Mark Six Straight Quarters of Growth. - Core Personal Consumption Expenditure (PCE) to Slow for First Time Since 4Q 2014. Trading the News: U.S. Gross Domestic Product (GDP) The advance 3Q U.S. Gross Domestic Product Read More →

US Dollar May Add to Post-FOMC Gains on 3Q GDP Data

Talking Points: US Dollar May Add to Post-FOMC Gains if 3Q GDP Data Tops Estimates Risk-Averse Dynamics Confined to FX Space in Uneven Overnight Trade See Economic Releases Directly on Your Charts with the DailyFX News App The sentiment-geared Australian and New Zealand Dollars Read More →

Oil Rally Soothes Dollar Pressure as Fed Says Open to 2015 Rate Hike

Talking Points: Gold rebounds moderately after a crash following Fed’s statement to keep December hike open Oil sustains gains while its 7.3% jump revitalizes commodity complex Copper stays range-bound despite market volatility The Federal Reserve refrained from raising interest rate in its October meeting, Read More →