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USDOLLAR Searching for Support- JPY to Face BoJ Rhetoric

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10783.36 10824.3 10771.4 -0.01 74.34% Chart - Created Using FXCM Marketscope 2.0 Even though the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.01 percent lower from the open, we’re seeing the greenback continue to consolidate above the Read More →

Euro Fails to Breakout as ECB Fires Warning Shot- H&S in Tact

Talking Points Euro: IFO Business Confidence Tops Forecast, ECB Warns of Market Uncertainty British Pound: BoE Talks Down Bets for Rate Cut Amid ‘Modest’ Recovery U.S. Dollar: Index Continues to Consolidate, Durable Goods Orders on Tap Euro: IFO Business Confidence Tops Forecast, ECB Warns Read More →

Euro Rallies on Surprising German Business Survey

THE TAKEAWAY: German IFO business climate survey beats expectations at 105.7 -> IFO’s Wahlrobe says he expects GDP to rise significantly in Q2 -> Euro rallies closer to 1.3000 The Euro rallied fifty points and rose closer to 1.3000 against the Read More →

Yen Extends Gains But Near-Term Continuation Questionable

The Japanese Yen continued to press higher amid risk aversion overnight but the sentiment-driven push may struggle to sustain momentum through the week-end. Talking Points Yen Extends Gains on Asian Stocks Drop, Kuroda Commentary German IFO Survey May Prove to be a Non-Event Read More →

EUR/USD- Trading the U.S. Durable Goods Orders Report

Trading the News: U.S. Durable Goods Orders What’s Expected: Time of release: 05/24/2013 12:30 GMT, 8:30 EDT Primary Pair Impact: EURUSD Expected: 1.5% Previous: -5.7% DailyFX Forecast: 1.0% to 2.5% Why Is This Event Important: Orders for U.S. Durable Goods are expected to increase 1.5% in April and Read More →

Dollar Fails to Break EUR/USD’s 1.2750 Support as Risk, QE3 Fears Steady

Dollar Fails to Break EUR/USD’s 1.2750 Support as Risk, QE3 Fears Steady Japanese Yen Surge Tracking – Not Leading – Nikkei 225 Tumble Euro Finds a Mixed Bag as PMI Figures Pick Up, Spanish Bond Demand Slows Australian Dollar Refuses to Jump Start Read More →

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