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USDCHF Scalp Favors Buying Dips- Bullish Above 9063

Talking Points USDCHF reversal off October lows halts at Fibonacci resistance / 100DMA Risk of near-term bounce shifts focus lower– Pullbacks to be bought above 9063 Bearish invalidation with break / close above 9252 USDCHF Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook USDCHF reversal Read More →

EURUSD Eyes 1.3300 as 3Q GDP Highlights Slowing Recovery

Talking Points: - USDOLLAR Pares Decline Ahead of Bernanke Speech, Yellen Confirmation Hearing - Euro Weighed by Dovish European Central Bank (ECB)- 3Q GDP in Focus Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10612.53 10632.88 10603.46 -0.12 60.63% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Former Support Read More →

British Pound Remains on Edge as Markets Look to Bank of England

Talking Points: - UK labor markets improving faster than anticipated. - Projection sees UK Unemployment Rate at 7.0% in 4Q’14. - Tone of Quarterly Inflation Report will guide GBP-based pairs. To keep up with the European data and news as the week goes forward, Read More →

Forex: Pound May Rise as BOE Inflation Report Disappoints Doves

Talking Points: Pound May Rebound as BOE Inflation Report Falls Short of Dovish Expectations Soft UK News-flow Represents BOE Status Quo, Not a Catalyst for More Easing Yen Higher, Aussie and Kiwi Sold as China’s Third Plenum Outcome Disappoints Get Real-Time Feedback on Your Read More →

Forex: British Pound – CPI Setups Up Break, BoE May Drive it Through

Talking Points: Dollar Fully Retraces ‘No Taper’ September Plunge British Pound: CPI Setups Up Break, BoE May Drive it Through Euro Extends its Rebound but Yield Outlook Continues to Shrink Dollar Fully Retraces ‘No Taper’ September Plunge The Dow Jones FXCM Dollar Index (ticker = Read More →

Bearish GBP Momentum at Risk on Hawkish BoE Inflation Report

- Bank of England (BoE) to Raise Fundamental Outlook on Stronger Recovery - Will BoE Implement Exit Strategy Ahead of Schedule? Trading the News: Bank of England Inflation Report The Bank of England’s (BoE) Inflation Report may heavily influence the near-term forecast for Read More →