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GBPAUD Outside Reversal Favors Long Scalps- 1.8440 Resistance

Talking Points GBPAUD posts reversal candle just ahead of key support Breach above 1.8433/41 to confirm near-term reversal Limited event risk on tap this week GBP/AUD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPAUD posts outside daily reversal candle- constructive Resistance 8433/41- Weekly opening range Read More →

USD/CAD Inverse H&S Remains in Play Ahead of Canada Employment

Talking Points: - USD/CAD Holds Monthly Opening Range Ahead of Canada Employment. - EUR/USD Fails to Hold Gains on Dovish ECB President Mario Draghi. - USDOLLAR Downside Targets Favored as FOMC Curbs Interest Rate Expectations. For more updates, sign up for David's e-mail distribution Read More →

FOMC Targets Strong USD in Minutes, Technicals Breakdown

Talking Points: - USDOLLAR loses 11009 level - former higher, daily 13-EMA. - EURUSD breaks through daily 13-EMA, trend resistance since July. - October Forex Seasonality Foretells End of Seasonal USD Weakness The technical foreshadowing proved correct over the past few days, with the Read More →

GBP/USD to Threaten Bearish Momentum on Hawkish BoE- 1.6300 Up Next?

- Bank of England (BoE) Widely Expected to Retain Current Monetary Policy. - Will We Continue to See a 7-2 Split Within the Monetary Policy Committee (MPC)? For more updates, sign up for David's e-mail distribution list. Trading the News: Bank of England Read More →

British Pound May Turn Lower as BOE Policy Standstill Continues

Talking Points: British Pound May Turn Downward as BOE Policy Standstill Continues US Dollar Underperforms as Asian Markets Respond to FOMC Minutes See Economic Data Directly on Your Charts with the DailyFX News App The Bank of England monetary policy announcement headlines the economic Read More →

Forex: Dollar Drops after FOMC Weighs in on Currency, But is this a Trend?

Talking Points: Dollar Drops after FOMC Weighs in on Currency, But is this a Trend? British Pound: Rate Forecasts Drop Before BoE Decision Euro Traders Ready for ECB President Draghi Commentary Dollar Drops after FOMC Weighs in on Currency, But is this a Trend? Given Read More →