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EUR/JPY, EUR/USD Near Potential Reversal Points Ahead of ECB

Talking Points: - EURUSD could rally near-term if it clears 1.3160. - EURJPY inverse H&S valid above 138.02/05. - Euro bears shouldn't expect QE from ECB this week. EURUSD has fallen around -6% from its yearly high set in May, but a near-term reversal Read More →

Yen Jumps as Japan Reshuffles Cabinet, Pound Eyeing PMI Data

Talking Points: British Pound Outlook Clouded Before Augusts’ Services PMI Data Release US Dollar Looks for Added Fuel in Factory Orders Report, Fed Beige Book Aussie Dollar Corrects Higher, Yen Up as Japan PM Abe Reshuffles Cabinet The Australian Dollar advanced in overnight trade, Read More →

Gold, Crude Oil Hanging By A Thread As USD Regains Momentum

Talking Points Crude Oil Slammed As Traders Look Past Turmoil In Eastern Europe and Iraq Gold and Silver Crushed As US Dollar Bulls Return Following Holiday Trading Lull Silver Awaits Clearance Of Critical $19.00 Floor To Open Next Leg Lower Most major commodities have Read More →

Dollar’s Strong Rally Finds EURUSD, S&P 500 Unresponsive

Talking Points: Dollar’s Strong Rally Finds EURUSD, S&P 500 Unresponsive Euro Firms Outside of EURUSD, Surge in Investor Appetite British Pound Collapses Despite Data Dollar’s Strong Rally Finds EURUSD, S&P 500 Unresponsive The return of North American liquidity seemed to bring with it a strong Read More →

AUD/USD to Eye 0.9200 Support on Dismal 2Q GDP Report

- Australia GDP of 0.4% Would Mark the Slowest Pace of Growth Since 1Q 2013. - Economic Activity is Expected to Slow from the Highest GDP Print Since 1Q 2012. For more updates, sign up for David's e-mail distribution list. Trading the News: Read More →

Critical Week for the US Dollar – Can it Really Go Higher?

- US Dollar eyes huge week and stands at key inflection point - It’s a potentially big week for financial markets as a whole given clear market cycles - We see material risk of a EURUSD bounce The US Dollar starts the North Read More →