Monthly archive February, 2014

Talking Points EURJPY struggles below key technical resistance around 141 Broader outlook constructive above 138.74- bullish invalidation Event risk on tap from Japan & Eurozone EURJPY Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook EURJPY testing key technical resistance at 140.95 – 141.17 Trading within ascending Read More →

Talking Points: - USDOLLAR Remains at Risk of Lower-High Amid Bearish RSI Momentum - Euro Retains Range-Bounce Prices; ECB Pledges to Act if Needed Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10570.54 10600.43 10569.46 -0.20 85.34% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Continues to Approach Former Read More →

- Dollar trades at important resistance as markets remain uncertain - Forex cycle studies suggest the middle of the week is critical for the EURUSD - US Dollar coiling up for a big move, but we need to see confirmation before trading Read More →

Talking Points: - EURUSD climbs through former TL support, eyes 1.3770. - EURJPY in pivot zone 140.85/141.45. - Next set of important Euro-Zone data comes Friday. To keep up with developments central banks and their policy changes, be sure to sign up for my Read More →

Talking Points Crude Oil Surges Above $97.50 Following Bullish Inventories Figures Gold Swings Higher As US Data May Suggest Less-Aggressive “Taper” Timeline Precious Metals Could Weaken Ahead of Upcoming FOMC Meeting Gold soared above the $1,260 level as a disappointing US PMI reading may Read More →

Talking Points: Soft German IFO Report Unlikely to Yield Lasting Follow-Through Euro May Decline if January’s CPI Reading is Revised Downward Japanese Yen Rose on Haven Flows as Stocks Sank in Asian Trade Germany’s IFO Survey of business confidence headlines the economic in European Read More →