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Graphic Rewind: USD Climbs Higher on Data Driven EUR and GBP Weakness

Talking Points: US Dollar Index gains on EUR and GBP weakness Tomorrow’s data may change the course of greenback trading A look back at the past 24 hours of Forex trading using movements in the US Dollar Index: US Dollar 15-Minute 12:00 04/28 to Read More →

Bearish EUR/CAD Momentum Raise Risk for Lower Low- H&S Top in Place?

Talking Points: - Will USDOLLAR Finally Close Above 10,470? - Bullish EUR/CAD Outlook at Risk as Head-and-Shoulders Top Takes Shape - GBP/CAD Continues to Threaten Trendline Support; RSI Structure in Focus The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) appears to be making a Read More →

EURJPY Scalps Target Critical Support at 141

Talking Points EURJPY fails at 61.8% retracement- momentum at resistance- bearish Weekly opening range break to validate- Critical support 141 Major event risk on tap from Eurozone, Japan, and US EURJPY Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook EURJPY in consolidation off the 2014 Read More →

Euro Short Positions Expensive as Rates Spike into Month-End, Holiday

Why are Euro Rollover Rates so High? The end of the month has produced a sharp jump in overnight interbank lending rates (LIBOR) in Euros, and the fact that today sees rollover charges/credits at four times their normal rate magnifies the Read More →

GBP/AUD, GBP/USD Breakouts (or Breakdowns) Linger after UK GDP

Talking Points: - UK GDP continues to grow, just not as fast as expected. - GBPAUD and GBPUSD near decision points ahead of event risk. - Forex economic calendar winds down with US Consumer Confidence. To keep up with developments central banks and their Read More →

Precious Metals Drop Ahead of US Data As Traders Look Past Ukraine

Talking Points Gold and silver exposed to further falls on stronger greenback ahead of US data Palladium vulnerable near key resistance as traders look past tensions in Eastern Europe Copper faces further weakness on concerns over tightening Chinese credit conditions Gold and silver continue Read More →