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USDOLLAR Breaks Out- AUD Threatens Key Support on RBA

Talking Points: - USDOLLAR Breaks Out of Bearish Trend; Looking for Higher High - Australian Dollar Eyes Key Support as Reserve Bank of Australia (RBA)Threatens to Intervene Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10622.84 10636.25 10596.87 0.29 75.96% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Preserves Read More →

Forex: Aussie Dollar Sinks on FOMC Minutes, RBA Intervention Risk

Talking Points: Aussie Dollar Sinks on FOMC Minutes, China PMI, RBA Intervention Threat Japanese Yen Declines as Fed QE Taper Speculation Drives USDJPY Higher Euro Little-Changed After Volatile Response to November’s Flash PMI Data Get Real-Time Feedback on Your Trades with DailyFX on Demand! The Read More →

Euro, Pound Rally versus Commodity Bloc – EUR/AUD Breakout Looming?

Talking Points: - German PMIs beat, French PMIs miss, Euro-Zone PMIs flat. - Slowing growth momentum confirms rationale for ECB’s 25-bps rate cut earlier this month. - European currencies outperform higher yielding assets as taper talk weighs. To keep up with the European data Read More →

Caveat Emptor: Bitcoin Reaches Mania Status as Price Swings Nearly 50%

Back in April, when we first discussed Bitcoin’s meteoric rise (and ensuing fall), it was still a relatively niche phenomenon: internet-savvy individuals or those working in finance or technology may have been familiar with Bitcoin, but not many others. It was Read More →

Graphic Rewind: US Dollar Rises Despite Overnight Drop on Bernanke Comments

Talking Points: Bernanke comments send US Dollar to an 8-day low ECB and Fed commentary finish paring earlier decline A look back at the past 24 hours of Forex trading using movements in the US Dollar Index: US Dollar 15-Minute 12:00 11/19 to 12:00 Read More →

Bearish USD Trend at Risk on Taper Talk- Euro Searches for Support

Talking Points: - USDOLLAR Pares Decline Amid Bets for December Taper - Euro to Resume Bearish Trend on Negative Deposit Rates Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10572.33 10575.45 10540.26 0.22 70.01% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Preserves Downward Trend Ahead of Fed Minutes Bullish Read More →