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USD Eyes Lower Low Amid RSI Divergence- JPY to Benefit From BoJ

Talking Points: - USDOLLAR Fails to Maintain Range- Carves Lower High Ahead of Fed Meeting - Japanese Yen Outperforms Against Peers as Market Sentiment Falters Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10574.99 10613.41 10572.56 -0.26 78.94% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Failure to Retain Read More →

Forex: Slow European, US Data Flow Does Not Guarantee Quiet Trade

Talking Points: Australian Dollar Narrowly Weaker on Chinese Industrial Production Data European, US Economic Calendars Offer Little to Drive Market Volatility Diminished Holiday Season Liquidity May Amplify Knee-Jerk Price Action Get Real-Time Feedback on Your Trades with DailyFX on Demand! The major currencies were little-changed Read More →

Forex: Dollar Sees Extreme Period Quiet as Market Weighs December Taper

Talking Points: Dollar Sees Extreme Period Quiet as Market Weighs December Taper Japanese Yen Crosses Extend Rally, EURJPY Gaps to 5 Year High British Pound Traders Should Be Careful Of Trade, Factory, GDP Updates Dollar Sees Extreme Period Quiet as Market Weighs December Taper There Read More →

USD at Risk Amid Budget Talks- GBP Carving Higher Low?

Talking Points: - USDOLLAR Preserves Range- Outlook Hinges on Fed Policy - British Pound Carves Higher Low Ahead of BoE Carney Speech Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10613.59 10627.67 10612.04 -0.03 34.58% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 May Hold Range Going Into Fed’s Read More →

US Dollar and Japanese Yen May Offer Further Sell Opportunities

- Dollar and Yen poised to fall further in slow-moving forex markets- Our sentiment-based Momentum2 strategy has done selling and will likely continue going short- Forex volatility prices have tumbled, favoring continued declines in the safe-haven USD The US Dollar and Read More →

Forex: Markets Focused on Final Pre-FOMC Round of Fed-Speak

Talking Points: Australian Dollar Gaps Higher to Start the Week on Chinese Exports Surge Japanese Yen Briefly Strengthens vs. USD After 3Q GDP is Revised Lower Quiet US, European Data Docket Puts Pre-FOMC “Fed-speak “ in Focus Get Real-Time Feedback on Your Trades with Read More →