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Forex: Euro Scalps Favor Bullish Bias- 1.3245 Remains Paramount

EURUSD Daily Chart Since last month’s EURUSD Scalp Report was published, the pair has been a textbook play with euro rebounding off our primary objective at 1.3645 which was triggered on February 1st. The single currency has now retraced 50% of Read More →

USD Poised for Larger Correction, JPY in Focus Ahead of G20

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10277.77 10343.76 10265.06 -0.42 164.42% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.33 percent lower from the open after moving 93 percent of its average true range, and we anticipate further declines in the greenback Read More →

Euro Struggles Amid Growing Concerns, G7 Statement Interpreted

Talking Points Euro: Exchange Rate Talks Gather Pace, ECB Retains Cautious Tone British Pound: Fails to Maintain Long-Term Trend Ahead of BoE Report U.S. Dollar: Larger Correction Ahead, Budget Statement on Tap Euro: Exchange Rate Talks Gather Pace, ECB Retains Cautious Tone The Euro pared Read More →

Oil and Gold Look to Fed Commentary for Direction Cues

Crude oil and gold prices are looking for FOMC policy guidance as speeches from Kansas City and Atlanta Fed Presidents dominate the economic calendar. Talking Points Commodities Look to Fed Commentary to Guide Direction Cues Gold and Silver Break Below Key Technical Resistance Read More →

Franc Weakens as SNB President Denies Currency Wars

It’s hard for an addict to admit that he has an addiction. That was the feeling felt as Swiss National Bank President Jordan denied the existence of a currency war only minutes after pledging to continue purchasing Euros with Francs without Read More →

Pound Looks to CPI for Direction, Euro Eyes Spain Bailout Hopes

The British Pound looks to January’s CPI data in hopes of a rebound trigger. The Euro is looking for Spain bailout request cues as Draghi meets with Mariano Rajoy. Talking Points British Pound Looks to CPI to Set the Stage for BOE Read More →

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