Menu

FX News

Technical Skies Darken for USD Ahead of NFPs as Key Reversals Seen

Talking Points: - EURUSD, USDCHF key reversals threaten prior USD bullishness. - Majors across the USD spectrum see Slow Stoch, MACD crosses. - June forex seasonality calls for start of USD losing streak in June. If the May US Nonfarm Payrolls report doesn't deliver, Read More →

EUR/USD at Risk of Carving Lower-High on Non-Farm Payrolls (NFP)

- U.S. Non-Farm Payrolls (NFP) to Increase 200+K for Fourth Consecutive Month. - 288K Print in April Marked the Highest Print Since January 2012. Trading the News: U.S. Non-Farm Payrolls U.S. Non-Farm Payrolls (NFP) are projected to increase another 215K in May, but Read More →

US Dollar May Mount Swift Recovery as Jobs Data Bolsters Fed Outlook

Talking Points: All Eyes on US May’s US Employment Report into the Week-End US Dollar to Rise if Payrolls Increase Tops Consensus Forecasts High-Yield FX May Suffer Most if US Data Bolsters Fed Outlook Currency markets are likely to look past a round of Read More →

Breakout or Break Down? NZD/USD Eyes Critical Resistance Pre-NFPs

Talking Points NZDUSD testing Fibonacci / channel resistance Monthly opening range set between 8400-8500 Major Event Risk on tap from US tomorrow NZDUSD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook NZDUSD at near-term resistance confluence 8500/15 Breach targets topside resistance objectives 8583/90, 8634- bearishinvalidation Interim support Read More →

EUR/USD Outlook Remains Bearish Below Former Support

Talking Points: - USDOLLAR Holds Monthly Opening Range Ahead of NFP Report - EUR/USD Remains Capped by Former Support as ECB Ventures Into Uncharted Territory - USD/CAD Breakout Gathers Pace Ahead of Canada Employment Report The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) has Read More →

Trade Setups in EUR/USD, EUR/JPY, USD/CHF for the June ECB Meeting

Talking Points: - EURUSD range to watch: 1.3585-1.3645. - EURJPY needs to clear 139.95 before longs can truly reengage. - USDCHF might be best longer-term opportunity if ECB delivers. The day of the much-ballyhooed European Central Bank meeting has arrived, one for which market Read More →