FX News

Forex Scalp Prospects as AUDUSD, AUDCAD Approach Key Inflection Point

The Australian dollar has remained in focus for our scalp trades over the past few weeks and so I thought it appropriate to offer an update on the current progression of the setup. Also of interest is the current positioning Read More →

Forex Analysis: USD Outlook Hinges On FOMC- AUD To Hold Bearish Trend

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 9969.12 9986.54 9963.39 -0.04 60.47% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains little changed from the open after moving 60 percent of its average true range, and the index looks poised to maintain the range-bound Read More →

Forex: EUR Remains Dampened By Greek Fears, GBP To Benefit From BoE

Talking Points Euro: Holds Above 23.6% Fib As Germany Weighs Bundle Package For Greece British Pound: U.K. CPI Exceeds Forecast, BoE Inflation Report In Focus U.S. Dollar: Holds Narrow Range, All Eyes On FOMC Minutes Euro: Holds Above 23.6% Fib As Germany Weighs Bundle Read More →

Forex News: Report of a Combined Greek Bailout Sends Euro Above 1.2700

All it took for us to see a 50 point Euro rally against the US Dollar and a general rise in risk correlated currencies is a story about Germany supporting a Greek bailout tranche that is bigger than originally expected. Read More →

Forex Analysis: US Dollar, Yen Aim Higher as Risk Averion Grips Markets

The US Dollar and Japanese Yen rose in Asia as swelling risk aversion drove safe-haven demand. More of the same appears likely in the hours ahead. Talking Points US Dollar, Yen Rise on Haven Demand as Stocks Drop in Asian Trade S&P 500 Read More →

Forex Analysis: Dollar Quietly Breaks 1.2700 as Risk Trends Slow to Take

Dollar Quietly Breaks 1.2700 as Risk Trends Slow to Take Euro Slides as Officials Discuss Greeceā€™s Growing Stimulus Need Australian Dollar Jumps after Weekend Chinese Trade Data, Risk Sensitive Now British Pound Faces 200-Day Moving Average Ahead of UK Data Japanese Yen: Recession and Read More →