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USD/JPY at Range Low as EUR/JPY Nears Key Support – Breakouts Coming?

Talking Points: - USDJPY sitting at January-June range support at 101.30. - EURJPY maintains post-May ECB meeting downtrend. - See the DailyFX Economic Calendar for Friday, June 27, 2014. Japan faces a minor* impediment right now, which is that core inflation is above the Read More →

Crude Oil Vulnerable As Iraq Concerns Fade, Data To Catalyze Volatility

Talking Points US Dollar weakness affords Gold and Silvera recovery Uninterrupted Iraqi oil supply threatens crude oil prices Top-tier economic data next week offers volatility catalysts Gold and silver could continue to remain elevated over the session ahead with a light US economic docket Read More →

Euro Selling May Return if German Inflation Data Disappoints

Talking Points: Euro May Renew Downward Push if German CPI Disappoints British Pound Risks Tilted to the Downside on UK GDP Revision Yen Gains as CPI, Jobs Data Hints BOJ to Withhold Stimulus The preliminary set of June’s German CPI figures headlines the economic Read More →

Dollar Uninspired by Increasingly Hawkish Fed Rhetoric

Talking Points: Dollar Uninspired by Increasingly Hawkish Fed Rhetoric British Pound Responds to a BoE Tightening…Sort Of Euro Rates Hit a 12-Month Low, Bond Yields a Record Low Dollar Uninspired by Increasingly Hawkish Fed Rhetoric Though the pace of its retreat cooled this past session, Read More →

AUDCHF Rebounds Off Key Support- Longs Favored Above 8360

Talking Points AUDCHF testing key inflection point Scalp bias bullish above 8357/60 Event risk on from Australia next week AUDCHF Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook AUDCHF rebounds off key support 8357/60- Near-term bullish invalidation Topside resistance objectives at June TL resistance, 8479 & Read More →

USD/JPY Threatens Bullish RSI Momentum Ahead of Japan CPI

Talking Points: - USDOLLAR to Resume Bearish Trend; Lower-Low on Tap? - USD/JPY Slips to Fresh Monthly Low (101.47); Threatens Bullish RSI Momentum - GBP/JPY Testing Channel Support Despite Hawkish BoE Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10430.24 10439.04 10423.72 -0.04 47.15% USDOLLAR(Ticker: USDollar): Dow Jones-FXCM U.S. Dollar Read More →