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Monthly archive October, 2015

GBPJPY Shorts Favored Ahead of Major Event Risk

Talking Points GBPJPY responds to near-term resistance- short scalps favored Updated targets & invalidation levels Event Risk on Tap This Week GBPJPY Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPJPY reverses at resistance – breaks weekly opening-range low/channel support- bearish Interim support at 183.91 backed by Read More →

CAD Struggles as Oil Prices Slip- AUD to Face 3Q CPI Report

Talking Points: - USD/CAD Retail Crowd Remains Net-Short Even as Pair Presses Fresh Weekly High. - AUD/USD to Face Greater Losses on Soft Australia Consumer Price Index (CPI) Report. - USDOLLAR Posts Inside-Day Ahead of U.S. Durable Goods Orders Report. For more updates, sign Read More →

EUR/USD Flag Break Hinges on US Data, FOMC Tomorrow

Talking Points: - EUR/USD persists below TL from April, July, August lows. - Three "high" rated US data releases ahead of tomorrow's FOMC. - See the October forex seasonality report that favors US Dollar weakness. In any other week, the US Durable Goods Orders Read More →

British Pound Looks to UK GDP Data to Inform BOE Rate Hike Bets

Talking Points: British Pound May Be More Responsive to Upbeat vs. Soft 3Q UK GDP Print Yen Rose, Commodity Dollars Declined Amid Risk Aversion in Asian Trade See Economic Releases Directly on Your Charts with the DailyFX News App Third-quarter UK GDP figures headline Read More →

GBP/USD to Mount Larger Rebound on Upbeat 3Q U.K. GDP Report

- 3Q U.K. GDP to Expand Another Annualized 2.4%- Slowest Since 3Q 2013. - Will Stronger GDP Spur Larger Dissent Within the Bank of England (BoE)? For more updates, sign up for David's e-mail distribution list. Trading the News: U.K. Gross Domestic Product Read More →

USD/JPY Retail Positioning Narrows- Outlook Hinges on FOMC/BoJ

Talking Points: - USD/JPY Outlook Hinges on Fed/BoJ Rate Decisions; Retail Positioning Narrows Ahead of Month-End - GBP/USD Rebound Vulnerable to Weak U.K. 3Q Gross Domestic Product (GDP) Report. - USDOLLAR Posts Inside-Day Ahead of U.S. Durable Goods Orders Report. For more updates, sign Read More →