Trading the News: Reserve Bank of Australia Interest Rate Decision What’s Expected: Time of release: 08/06/20134:30 GMT, 0:30 EDT Primary Pair Impact: AUDUSD Expected: 2.50% Previous: 2.75% DailyFX Forecast: 2.50% Why Is This Event Important: The Reserve Bank of Australia (RBA) is widely expected to push the benchmark Read More →

THE TAKEAWAY: NZDUSD gaps lower after China places an import ban against tainted milk powder > GBP PMI Services (JUL) comes in much stronger than expected at 60.2 > US ISM Non-manufacturing Composite (JUL) beats expectations at 56.0 The key headline Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10828.71 10857.65 10806.01 -0.07 71.28% Chart - Created Using FXCM Marketscope 2.0 Release Expected Actual ISM Non-Manufacturing (JUL) 53.1 56.0 The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) pared the decline to 10,806 as the ISM Non-Manufacturing survey advanced to 56.0 in July to Read More →

Article Summary: The Dollar remains higher through August but forecasts of major rallies have fallen short. What could force the Greenback back into its strong uptrend? DailyFX PLUS System Trading Signals – The US Dollar remains higher against most major currencies Read More →

THE TAKEAWAY: UK services PMI rises above 60 for the first time in over six years -> BoE expected to release guidance later this week -> Pound rallies Want to trade with proprietary strategies developed by FXCM? Find out how here. UK Read More →

The US Dollar is likely to rise if an improved non-manufacturing ISM report boosts speculation about a September cutback in the size of the Fed’s QE effort. Talking Points Pound May Rise on Services PMI But Follow-Through Likely to be Limited US Dollar Read More →