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Forex: Pound May Fall on Soft UK CPI, Euro to Look Past IFO Downtick

Talking Points: Euro May Weaken on IFO Survey But Follow-Through Likely Limited Soft UK CPI Report May Erode BOE Policy Outlook, Weigh on Pound Aussie and NZ Dollars Rise, China Fiscal Stimulus Bets Possible Driver Germany’s IFO Survey of business confidence is expected to Read More →

British Pound Top Volatility Risk on February CPI Release

Talking points: • Dollar Retreats as Bulls Look for New Driver • British Pound Top Volatility Risk on February CPI Release • Australian Dollar Advances Despite Risk Slump, Weak Chinese Data Dollar Retreats as Bulls Look for New Driver It doesn’t seem like a more Read More →

AUDUSD Testing Key Resistance at 9150- Weekly Open in Focus

Talking Points AUDUSD coming into key inflection point Weekly opening range in focus- break to offer conviction scalp bias First two resistance objectives have been achieved – Updated targets AUDUSD Daily Chart Chart Created Using FXCM Marketscope 2.0 AUDUSD Scalp Chart Notes: AUDUSD is coming into a Read More →

Post-FOMC Gold Price Breakdown Gathers Pace under $1320

Talking Points: - Lack of follow-through on Eastern European concerns reduces haven demand. - Jump in short-term US yields (
Source: Daily fx Read More →

Economic Calendar Full of Inflation Data Risk for Forex Markets

David Song Economic Calendar DailyFX Analyst
Talking Points: Higher inflation figures out of the United Kingdom could spark GBP strength. Tokyo trading on Thursday will be focused on Japanese inflation. Weak Consumer Price Index data out of Read More →

AUDUSD Opening Gap in Focus as Pair Remains Capped by 200-Day SMA

Talking Points: - USDOLLAR Struggling to Maintain Gains from FOMC Meeting; Carving Lower High? - AUDUSD Continues to Eye 200-Day SMA (0.9143); Weekly Opening Gap in Focus Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10567.65 10584.24 10560.53 -0.04 63.93% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 String Read More →