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Dollar Heading into Breakout Pattern Ahead of NFPs

Talking Points: Dollar Heading into Breakout Pattern Ahead of NFPs Euro Traders Enter Bear Trend Moratorium Ahead of ECB Australian Dollar Rallies after 1Q GDP Beats Dollar Heading into Breakout Pattern Ahead of NFPs It always helps the case for a breakout when there is Read More →

Euro to Look Past GDP, PMI Data as ECB Meeting Looms Ahead

Talking Points: Euro May Look Past GDP, PMI Data as Focus Remains on ECB Meeting US Dollar Looking to Extend Advance on Services ISM, Fed Beige Book Aussie Dollar Gains on Upbeat GDP, Loonie Sinks Before BOC Meeting A revised Eurozone GDP report is Read More →

AUD/USD Range at Risk as Australia GDP Picks Up; 0.9330-40 in Focus

- Australia Economy to Grow at Faster Face for Second Straight Quarter. - GDP of 0.9% Would Mark Largest Advance Since 1Q 2012. Trading the News: Australia Gross Domestic Product (GDP) The Australian economy is expected to grow another 0.9% during the first Read More →

EUR/USD Range in Focus Ahead of ECB- AUD/USD Eyes Former Support

Talking Points: - USDOLLAR Previous Day’s Range Despite Positive Data - EUR/USD to Hold Range Ahead of ECB Interest Rate Decision - AUD/USD Range at Risk as Australia 1Q GDP Picks Up The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) pared the decline to Read More →

EUR/USD Wedge Lingers Pre-ECB, USD/CHF Flirts with Double Bottom

Talking Points: - EURUSD still has potential for ST turnaround pre-ECB. - USDCHF double bottom would target 0.9160. - Forex economic calendar significant in Europe, light in N.A. on Tuesday. If we could pinpoint a reason why volatility has been so low, we would Read More →

Euro at Risk as Soft Inflation Data Sets the Stage for ECB Stimulus

Talking Points: Euro May Face Added Selling Pressure on Soft Eurozone Inflation US Factory Orders Data May Surprise Higher, Boosting US Dollar Aussie Dollar Edges Upward on Chinese PMI as RBA Holds Rates The preliminary set of May’s Eurozone CPI figures headlines the economic Read More →