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USD/JPY’s Triangular Coil Sets it Apart from Other USD-pairs

Talking Points: - USDJPY and the S&P500 are tied at the hip. - USDOLLAR Index's latest burst higher fueled by AUDUSD, GBPUSD. - See the September forex seasonality report. We're halfway through the week, and to be frank, it's a boring week on the Read More →

Six-Year Low China Factory Gauge Curbs Oil, Copper; Gold on Haven Bets

Talking Points: - Flash China Caixin Manufacturing PMI fell to 47, lowest since March 2009. - Oil bounced on API’s falling stockpiles though lowered after China data . - Gold ticked up on safe haven trades ahead of Draghi and Yellen’s talks The most Read More →

USD/CAD to Test Range on Upbeat Canada Retail Sales Report

- Canada Retail Sales to Increase for Third Straight Month. - Sales ex Auto to Rise for Fifth Time in Last Seven Months . For more updates, sign up for David's e-mail distribution list. Trading the News: Canada Retail Sales A further expansion in Read More →

Euro, Yen Eye Risk Trends as Pound Looks to BOE Comments for Direction

Talking Points: Euro, Japanese Yen Look to Risk Sentiment Trends for New Direction Cues British Pound at Risk if Comments from BOE’s Shafik Trim Rate Hike Bets See Economic Releases Directly on Your Charts with the DailyFX News App Financial markets settled into digestion Read More →

EUR/USD Post-Fed Weakness Favored as Bullish Formations Unravel

Talking Points: - EUR/USD Weakness Persists Ahead of ECB Rhetoric, Slowing PMI’s. - USD/JPY Bearish RSI Momentum Remains in Focus Amid Bets for Additional BoJ Easing. - USDOLLAR Continues to Carve Bearish Formation Following Cautious Fed. For more updates, sign up for David's e-mail Read More →

Forex Volatility Prices Tumble – Our Strategy Shifts Accordingly

- Forex volatility prices tumble following disappointing Federal Reserve decision - US Dollar likely to stick to tight ranges, but conditions could quickly change if these levels break - Real data suggests that retail trader performance improves in slower-moving markets The US Dollar Read More →