Menu

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 →