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USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles

Talking Points: - GBPUSD back within July downtrend after GDP rally fizzles. - USDOLLAR moves out of downtrend from October highs. - October Forex Seasonality Foretells End of Seasonal USD Weakness The end of the year has typically proven to be a bullish time Read More →

Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms

Talking Points: Pound to Fall on Ebbing BOE Rate Hike Outlook if 3Q GDP Underperforms Yen Rose and Aussie Dollar Fell in Asia, Mirroring Slide in S&P 500 Futures Place Economic Releases Directly on Your Charts with the DailyFX News App Third-quarter UK GDP Read More →

GBP/USD at Risk for Fresh Monthly Lows on Slowing U.K. GDP

- 3Q U.K. GDP of 0.7% Would Mark the Slowest Rate of Growth Since 4Q 2013. - Slower Economic Recovery Likely to Further Delay the BoE’s Normalization Cycle. For more updates, sign up for David's e-mail distribution list. Trading the News: U.K. Gross Read More →

British Pound Could Close Out Week with a Bang on UK GDP

Talking Points: Dollar’s Fundamental Limitations Come into View After Third Advance British Pound Could Close Out Week with a Bang on UK GDP Euro Calendar Packed Next Week – Volatility or Indecision? Dollar’s Fundamental Limitations Come into View After Third Advance Despite another spurt of Read More →

WTI Bounces From 80.00 Floor, Gold Remains Vulnerable Ahead Of US Data

Talking Points Crude Oil Bounces From Technical Barrier Amid Robust Demand Bets Silver Eyes 16.70 As Trendline Resistance Keeps Risks Skewed Lower Gold Vulnerable To USD Strength Over Q4 – Quarterly Forecast Crude oil rebounded strongly on Thursday as rumors of supply cuts from Read More →

GBPJPY Long Scalps at Risk Ahead of UK GDP- 174 in View

Talking Points GBP/JPY weekly opening range break triggers topside scalp bias Bullish invalidation at weekly low Event risk on tap this week GBP/JPY Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPJPY breaches weekly opening range high / resistance- bullish Resistance objectives at 173.68, 174.14/34 & Read More →