USDCAD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook USDCAD has now run into Key Resistance at a 3-way Fib Confluence at 1.0540/45 Daily RSI looks to turn over ahead of the 70-threshold- Break of former Resistance to offer trigger Price action today Read More →

THE TAKEAWAY: USD reverses some of last week’s gains > AUDUSD moves higher > USDJPY tests ¥97.20 Although today is a lighter economic data day, it is interesting to watch where assets trade now that investors have had a weekend to Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10739.76 10790.3 10728.76 -0.05 68.42% Chart - Created Using FXCM Marketscope 2.0 Although the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is trading marginally lower from the open, we’re seeing the greenback find intraday support around the 78.6 Read More →

Article Summary: The US Dollar, Japanese Yen, and major forex pairs have seen substantial volatility, but history shows things could get even worse. How might we play it? DailyFX PLUS System Trading Signals – It’s difficult to understate the significance of Read More →

EUROPEAN SESSION UPDATE: Euro fails to react to a better than expected German business climate survey; PM Abe said Japanese economy has benefitted from Forex movements… We seem to be watching another risk-off session in today’s Forex trading session, as the Read More →

The Federal Reserve held QE3 in place at $85B/month but that has done little to stop the US Dollar’s revival. On the back of an improved labor market outlook, the world’s reserve currency has coat-tailed US Treasury yields higher, climbing Read More →