Menu

FX News

Failure at Current Support Could See Major EUR/JPY, USD/JPY Selling

Talking Points: - USDJPY pressing range lows near 101.50 - watch under 100.75. - EURJPY in ST triangle at trendline back to November 2012. - US economic calendar caps off the week with U. of Mich Confidence. To keep up with developments central banks Read More →

EUR/USD Risks Larger Pullback as U. of Michigan Confidence Rebounds

EUR/USD Risks Pullback U of Michigan Confidence Rebounds
- U. of Michigan Confidence to Improve for Second Time in 2014. - Household Sentiment Survey Has Held Above 80.0 Since November. Trading the News: U. of Michigan Read More →

Crude Oil Retreats To $103, Gold At A Crossroads Ahead of US Data

Talking Points Crude oil retreats back to $103.00 as risk-sentiment sours Gold and silver awaiting the US Dollar’s next leg lower UofM Consumer Confidence and China data on the radar Crude oil is retreating from its highest level in more than a month while Read More →

Strategy Video: Have S&P 500 and USDJPY Signaled the Turn?

Talking Points: • A jump in volatility and the biggest equity slump in two-months has traders on alert for a risk reversal • Looking for risk in other measures, though, the level of conviction seems to erode • While the opportunity for a Read More →

EURUSD Scalp Setup Favors Buying Dips While Above 1.3830

Talking Points EURUSD breaches weekly/monthly opening range highs Broader picture looking for a new high to complete 5-wave correction pattern Immediate scalp bias bullish above 1.3830 EURUSD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook EURUSD breaks above April opening range high / 1.3800/30 resistance- Read More →

USD/CAD Carves Bullish Inside-Day (Harami)- Higher Low in Place?

Talking Points: - USDOLLAR Eyes October Low (10,354) as Bearish Trend Gathers Pace - GBP/USD Holds February High; Bank of England (BoE) Minutes in Focus - USD/CAD Correction Stalls Ahead of 61.8 Fibonacci Retracement (1.0850) Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10412.68 10436.17 10403.23 -0.16 87.84% USDOLLAR Read More →