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Forex Analysis: Euro at Risk on PMI, Pound Eyes Chancellor Statement

The Euro may pull back as soft PMI data boosts ECB rate cut bets while the Pound may decline as Chancellor Osborne cuts the growth and budget outlook. Talking Points Euro May Pull Back as Soft PMI Data Boosts Dovish ECB Expectations Pound Read More →

Commodities: Gold, Oil Aim Higher But Soft US Data Presents a Risk

Commodities are aiming higher amid a broad-based advance in risk appetite but a disappointing set of US economic data releases may undermine sentiment. Talking Points Commodities May Extend Gains as S&P 500 Futures Point to Risk-On Mood US ADP, Services ISM Reports May Read More →

Forex: Dollar Suffers Biggest Hit in 12 Weeks, EUR/USD Clears 1.3050

Forex: Dollar Suffers Biggest Hit in 12 Weeks, EUR/USD Clears 1.3050 Euro Climb Against Dollar, Swiss Franc Speaks to Serious Strength Australian Dollar: Is an RBA Rate Cut Reason for AUD/USD to Overtake 1.05? British Pound Buoyant Ahead of Osborne’s Autumn Statement Canadian Dollar Read More →

Forex: USD Index Breaks Bullish Trend- AUD Remains Bearish Below 1.05

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 9929.04 9961.66 9918.33 -0.32 117.78% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.33 percent lower from the open after moving 117 percent of its average true range, and the bearish sentiment surrounding the reserve currency Read More →

Forex: Euro Relief Rally Overbought- Pound Eyes 1.6200 Ahead Of BoE

Talking Points Euro: Germany Argues Against Bank Supervision, RSI Approaching Overbought British Pound: BoE To ‘Hold Indefinitely,’ 23.6% Fib In Sight Euro: Germany Argues Against Bank Supervision, RSI Approaching Overbought The EURUSD climbed to a fresh weekly high of 1.3095 as European policy makers Read More →

Forex News: Euro Rallies on Banking Supervisor Optimism

The Euro is now trading higher against the US Dollar for the fifth straight day, as excitement and optimism has been building ahead of today’s meeting of European Union finance ministers. Traders seemed to be slightly surprised by comments ahead Read More →