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Crude Oil Prices Crumble As Inventories Leave Lack Of Positive Cues

Talking Points Gold May Consolidate As US Dollar Bulls Left Lacking Fuel Crude Oil Faces Absence Of Positive Fundamental Cues Precious Metals Testing Technical Barriers Following Rebound The precious metals advanced across the board on Wednesday after a dovish set of FOMC Minutes likely Read More →

AUD/USD Rebound Vulnerable to Australia Employment Revisions

- Australia Employment to Increase for Seventh Month in 2014. - Jobless Rate to Hold at Annualized 6.1% for Second Straight Month. For more updates, sign up for David's e-mail distribution list. Trading the News: Australia Employment Change Another 15.5K rise in Australia Employment Read More →

Scalping the AUDUSD Opening Range- Longs Favored Above 8660

Talking Points AUDUSD October opening range setup- 8660-8820/33 zone in focus Daily RSI warns of waning downside momentum Major event risk on tap this week AUD/USD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook AUDUSD October opening range taking shape just above 2014 low Key support Read More →

EUR/USD at Risk for Larger Recovery as ECB Buys Time, SSI Flips

Talking Points: - EUR/USD Remains Capped by 1.2700 Ahead of ECB Monthly Report, Draghi Speech. - GBP/USD Continues to Carve Lower-Highs; Will BoE Vote 7-2 to Retain Current Policy? - USDOLLAR Holds 11,000 Pivot Despite Dovish Rhetoric from William Dudley, Charles Evans. For more Read More →

US Dollar Reaches Technical Crossroads as FOMC Minutes Loom

Talking Points: - EURUSD faces 13-EMA today, MACD downtrend breakouts? - USDJPY barely above 108 - traders noncommittal ahead of FOMC. - October Forex Seasonality Foretells End of Seasonal USD Weakness Coincidence or not, various USD-pairs are sitting at important technical levels ahead of Read More →

US Dollar at Risk on FOMC Minutes, Aussie Down on Jobs Data Revisions

Talking Points: US Dollar Needs Strongly Hawkish FOMC Minutes to Regain Momentum Australian Dollar Sinks as ABS Hints Recent Jobs Data Vastly Overstated See Economic Data Directly on Your Charts with the DailyFX News App The US Dollar launched a broad-based recovery against its Read More →