Monthly archive March, 2013

Trading the News: Reserve Bank of Australia Interest Rate Decision What’s Expected: Time of release: 03/05/2013 3:30 GMT, 22:30 EST Primary Pair Impact: AUDUSD Expected: 3.00% Previous: 3.00% DailyFX Forecast: 3.00% Why Is This Event Important: A Bloomberg News survey shows 27 of the 29 economists polled see Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10495.36 10519.08 10489.41 0.06 55.06% Although the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.06 percent higher from the open, the greenback remains poised for a near-term correction as price action comes off of trendline resistance. Read More →

DailyFX PLUS System Trading Signals – Forex market conditions remain volatile, and volatility-friendly breakout trading strategies stand to do well amidst sharp currency moves. The Dow Jones FXCM Dollar Index (ticker: USDOLLAR) trades at its highest levels since September, 2010, Read More →

Crude oil and gold prices are looking to a meeting of Eurozone finance ministers for direction cues as Italian political instability continues to loom large. Talking Points Crude Oil, Copper Look to Euro FinMin Summit to Guide Risk Appetite Gold and Silver May Read More →

Talking Points Euro: EU Finance Ministers Meet- ECB Meeting to Take Center Stage British Pound: FLS Lending Falls, BoE at Risk of Greater Split U.S. Dollar: Index Hits Fresh 2013 High, Less-Dovish Fed on Tap Euro: EU Finance Ministers Meet- ECB Meeting to Take Read More →

The Australian Dollar looks likely to remain under pressure while the Japanese Yen looks to find its way higher as risk aversion grips financial markets. Talking Points Australian Dollar Sinks as China News-Flow Dents Sentiment Yen Looks to Capitalize on Carry Unwind Amid Read More →