Menu

FX News

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 →

EURUSD Scalp Favors Selling Rallies Post ECB- Bearish below 1.3588

Talking Points EURUSD reversal off October highs halts at Fibonacci support Risk of near-term bounce shifts focus higher – Rallies to be sold below 1.3588 Bullish invalidation with break / close below 1.33 EURUSD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook EURUSD reversal off Read More →

USD Struggles Ahead of Fed Rhetoric- JPY Threatens Key Support

Talking Points: - USDOLLAR Struggling Ahead of Fed Rhetoric- Stalls Ahead of Former Support - USDJPY Threatening Key Resistance; Japan 3Q GDP Revision in Focus Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10617.5 10641.67 10592.05 0.22 100.07% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Rally Stalls Ahead Read More →

Sharp Drop in UK CPI Pushes GBP/USD Double Top to Breaking Point

Talking Points: - Weakest UK CPI reading in a year at +2.2% y/y. - British Pound underperforms broadly, but Euro emerges as a top performer alongside Dollar. - GBPUSD may be on the verge of a more significant top. To keep up with the Read More →

Forex: Dollar Soars as 10-Year Treasury Yield Hits Two-Month High

Talking Points: US Dollar Soars as 10-Year Treasury Yield Hits 2-Month High on Fed Taper Bets Japanese Yen Falls as Nikkei Rallies, Newswires Cite China Plenum Speculation British Pound May Fall as CPI Data Argues for Continued BOE Accomodation Get Real-Time Feedback on Your Read More →