FX News

Article Summary: The US Dollar stands to fall further off of recent peaks—we’ll look to sell into weakness as our sentiment-based trading strategies switch direction. DailyFX PLUS System Trading Signals – The US Dollar continues to trade noticeably off of highs Read More →

THE TAKEAWAY: China reports 2Q GDP in line with 7.5% expectations > US Advance Retail Sales misses expectations, coming in at +0.4% Chinese 2Q GDP data was the most highly anticipated economic event today. The print came in at 7.5%, consistent Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10882.9 10926.13 10855.02 0.07 95.01% Chart - Created Using FXCM Marketscope 2.0 Although the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.07 percent higher from the open, the greenback may continue to give back the advance to Read More →

While the economic calendar this week is more saturated than that of the past week, the diversity among major data prints is nonexistent. Of the events ranked as “high” by the DailyFX Economic Calendar, nearly half of major data this Read More →

Gold prices may decline amid ebbing demand for an alternative to paper currency as US Retail Sales data boosts bets on a reduction of Fed stimulus efforts. Talking Points Markets Look to US Retail Sales Data to Guide Fed QE “Taper” Outlook Gold, Read More →

EUROPEAN FX HEADLINES: WEEK OF JULY 14 - British Pound Rebound to Accelerate on Faster Inflation, BoE Minutes - Gold Rally at Risk Ahead of Fed’s Beige Book, Bernanke Testimony - Lingering Portuguese Problems Weigh on Euro amid Light Docket EURO-ZONE ECONOMIC CALENDAR There are Read More →