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Yen Gains as Asian Stocks Decline, Euro Eyes Draghi Commentary

Talking Points: Yen Outperforms as Stocks Decline Overnight, Fueling Safe-Haven Demand Euro May Fall if ECB President Draghi Talks Up Sovereign QE Possibilities See Economic Releases Directly on Your Charts with the DailyFX News App The Japanese Yen outperformed in overnight trade, rising as Read More →

Crude Recovery May Prove Short-Lived, Natural Gas Gains As Supply Dips

Talking Points Crude Oil Recovery May Prove Limited On OPEC Speculation Alone Silver Remains At A Critical Juncture Near Key Technical Barriers Quarterly Forecast: Gold RemainsVulnerable To USD Strength Crude oil rebounded on Thursday with newswires citing speculation over potential action from OPEC ahead Read More →

Scalping the AUDUSD Correction- Longs Favored Above 8565

Talking Points AUDUSD rebounds off key near-term support Scalps target topside correction / short entries higher up Event risk on tap next week AUD/USD Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook AUDUSD responds to 2001 pitchfork support / 1.618% extension off October high Support at 8565, Read More →

USDOLLAR Continuation as EUR/USD, GBP/USD Fail at Resistance

Talking Points: - USDOLLAR continues broadly higher thanks to AUD, JPY. - EUR/USD, GBP/USD channels/flags near breaking points. - See the 'high' importance events on the DailyFX Economic Calendar. See the above video for technical considerations in EURUSD, GBPUSD, AUDUSD, and EURGBP. Read more: EUR/USD, Read More →

EUR/USD to Press Fresh Monthly Highs on Lackluster U.S. CPI

- U.S. Consumer Price Index (CPI) to Slow for Fourth Time in 2014. - Core Rate of Inflation to Hold at Annualized 1.7% for Third Month. For more updates, sign up for David's e-mail distribution list. Trading the News: U.S. Consumer Price Index Read More →

Euro Bounce on PMIs Unlikely to Last, US Dollar at Risk on CPI Drop

Talking Points: Euro Gains on Pickup in PMI Readings Unlikely to Yield Follow-Through US Dollar Vulnerable if Soft CPI Print Undercuts Fed Rate Hike Outlook Yen Drops Alongside Japanese Yields, Aussie Down on Weak China PMI The preliminary set of November’s Eurozone PMI figures Read More →