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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 →

Dollar Focused on Taper and Risk, Undeterred by ISM Fiasco

Talking Points: Dollar Focused on Taper and Risk, Undeterred by ISM Fiasco Euro: German Data Further Builds Case for ECB Easing Yen Crosses Trail Nikkei 225’s Incredible Rally Dollar Focused on Taper and Risk, Undeterred by ISM Fiasco The top piece of US event risk Read More →

AUD/USD Bearish Momentum Favored on Dovish RBA- 0.9200 Remains Key

- Reserve Bank of Australia (RBA) to Keep Benchmark Rate at 2.50% - RBA to Preserve Current Policy for the Eighth Consecutive Meeting Trading the News: Reserve Bank of Australia Interest Rate Decision The Reserve Bank of Australia (RBA) is widely expected to Read More →

EURUSD Targets 2014 Lows Ahead of ECB/NFP- Opening Ranges in Focus

Talking Points EURUSD weekly/monthly opening range in focus Risk of near-term recovery heading into June trade Major event risk on tap from Europe & US this week EURUSD Weekly Chart EURUSD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook EURUSD Monthly opening range taking shape between Read More →

AUD/USD to Threaten 0.9200 Support on Dovish RBA- USD/CAD Breaks Out

Talking Points: - USDOLLAR Remains Capped by Former Support Zone as ISM Disappoints - AUD/USD Eyes 0.9200 Support Ahead of RBA Interest Rate Decision - USD/CAD Breakout in Focus Ahead of BoC Meeting, Canada Employment The lack of momentum to push back above former Read More →