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AUDUSD Scalps Eye Key Resistance- Weekly Opening Range in Focus

Talking Points AUDUSD topside correction at risk- Key near-term resistance at 9000 Looking for decisive break of weekly opening range to offer conviction on scalp bias Event risk out of Australia and US this week AUDUSD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook AUDUSD Read More →

Graphic Rewind: USD Shows Conviction to the Downside Following a Surprise ISM Decline

Talking Points: US Dollar falls on a surprise ISM decline for December The greenback found a range in London and overnight trading despite the PMI releases A look back at the past 24 hours of Forex trading using movements in the US Dollar Read More →

Japanese Yen Top Performer Yet Again – Why is This Significant?

- Japanese Yen is the leading currency yet again, tells us what to expect in week ahead-Our focus shifts towards Yen trading via our Breakout2and Momentum2systems- It will be critical to watch the first full week of 2014 price action The Read More →

Gold Prices May Turn Lower on Upbeat US ISM Data

Talking Points: US Service-Sector ISM Report in Focus to Start the Trading Week Gold Prices Are Eyeing Technical Resistance Near $1250/oz Level Crude Oil Selling May Slow After Inventories Fell to 7-Week Low The spotlight is on the US Non-Manufacturing Composite gauge to start Read More →

EUR/JPY Responding Bullishly to Daily 34-EMA – Decline Finished?

Talking Points: - Euro benefits from stability in regional PMI Services data. - British Pound continues underperformance amid selling on softer PMI data. - Recent trade ideas: GBPCHF hesitating near breakout level; EURAUD consolidating after steep decline. To keep up with the European data Read More →

Forex: Euro Unlikely to Find Lasting Support in German CPI Pickup

Talking Points: Yen Rose vs. Majors as Stocks Sank in Asia, Pound Underperformed Euro Unlikely to Find Lasting Support from German Inflation Pickup US Dollar May Rise if ISM Data Bolsters QE Taper Continuity Bets Get Real-Time Feedback on Your Trades with DailyFX on Read More →