Monthly archive March, 2016

Talking Points: - USD/JPY Continues to Carve Higher Highs & Lows; BoJ Bets Mired by Sticky Japan CPI. - USDOLLAR Extends Advance Despite Mixed Data- Lackluster 4Q GDP Report to Keep FOMC on Hold. Avoid the pitfalls of trading by steering clear of Read More →

Talking Points AUDUSD reverses off key resistance- Broader bias remains constructive Immediate focus is lower- drop to offer favorable entries Updated targets & invalidation levels AUDUSD Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook: AUDUSD is correcting off key confluence resistance tested last week at Read More →

Talking Points: - US Durable Goods Orders beat expectactions, but due to base effects – the prior was revised lower. - Consumption in US remains uneven midway through Q1’16 as Fed weighs April or June rate hike. -USD/JPY hovers near daily lows, trading Read More →

- U.S. Durable Goods Orders to Contract for Fourth Time in Last Six-Months. - Non-Defense Capital Goods Orders ex Aircrafts to Contract 0.5% After Climbing 3.4% in January. For more updates, sign up for David's e-mail distribution list. Trading the News: U.S. Durable Read More →

Talking Points USDCAD Rebounds off key support on divergence- constructive Immediate focus high while within ascending median-line formation Updated targets & invalidation levels GBPJPY Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook: USDCAD rebounded off key confluence support at 1.2965/77 late-last week- this region is Read More →

Talking Points: - GBP/USD Outlook Mired by Growing Threat for U.K. Exit- Retail Sentiment Back at Recent Extreme. - USDOLLAR Rebound Gathers Pace on Hawkish Fed Rhetoric- Durable Goods Orders on Tap. Avoid the pitfalls of trading by steering clear of classic mistakes. Read More →