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GBP/USD Carves Higher Low in March- Higher High on Horizon

Talking Points: - USDOLLAR Retains Bearish Structure Despite Upward Revision in 4Q U.S. GDP - British Pound Eyes Higher High Ahead of BoE Amid Stronger U.K. Recovery Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10516.39 10524.93 10498.91 -0.02 67.91% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Outlook Read More →

Forex: Dollar May Rise as 4Q GDP Upgrade Bolsters Fed Taper Outlook

Talking Points: NZ Dollar Rallies as Bond Auction Hints at Supportive RBNZ Policy Outlook British Pound May Not Yield a Strong Response to a Slowdown in Retail Sales US Dollar May Find Support as 4Q GDP Upgrade Bolsters Fed Taper Bets The New Zealand Read More →

Gold and Silver Slip Further While Crude Oil Cracks $100 Handle

Talking Points WTI open to further gains on positive US data in session ahead Gold and silver remain vulnerable to ebbing safe-haven demand Copper bears cap the base metal’s gains at critical $3.00 handle Crude oil has broken above the psychologically-significant $100 handle following Read More →

GBPUSD Setup Targets Key Support- Scalp Bias Constructive Above 1.6469

Talking Points GBPUSD responds to key support Weekly opening rang break shifts scalp bias to the long-side Event risk on tap from UK & US over next 48-hours GBPUSD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPUSD Rebounds off key support range 1.6469/99- Bullish Read More →

AUD/USD Eyes Former Support Ahead of RBA; Higher High in Place?

Talking Points: - USDOLLAR Remains at Risk for Lower Low; 10,470 in Sight - AUDUSD Benefits From Upbeat RBA Governor Stevens; Former Support in Focus Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10526.25 10544.45 10518.31 -0.11 68.98% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Outlook Remains Bearish Read More →

AUD/USD – Australian Dollar Woes Over?

AUD/USD and Australian Dollar set for new beginning in 2014.
Talking Points: - Australian economic data is near its apex for 2014. - The Reserve Bank of Australia wants a weaker currency, doesn’t mean they’ll get Read More →