Monthly archive June, 2014

Talking Points USDCAD breakout now at interim resistance Risk of near-term reversal heading into close of week Major Event Risk on tap from US & Canada USDCAD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook USDCAD testing near-term resistance 1.0943/50 Breach targets topside resistance objectives at Read More →

Talking Points: - USDOLLAR Remains in Holding Pattern- Will NFPs Disappoint? - EUR/USD Resistance/Support in Focus Ahead of ECB Rate Decision - USD/CAD Rally Fizzles on Neutral BoC- Need Close Above 1.0930 The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) continues to fall back Read More →

Talking Points: - GBPUSD nears daily MACD crossover below zero line. - GBPJPY attempting to carve out space above channel resistance. - Forex economic calendar littered with US event risk next few days. The British Pound's slow erosion over the past three weeks may Read More →

Talking Points: Dollar Heading into Breakout Pattern Ahead of NFPs Euro Traders Enter Bear Trend Moratorium Ahead of ECB Australian Dollar Rallies after 1Q GDP Beats Dollar Heading into Breakout Pattern Ahead of NFPs It always helps the case for a breakout when there is Read More →

Talking Points: Euro May Look Past GDP, PMI Data as Focus Remains on ECB Meeting US Dollar Looking to Extend Advance on Services ISM, Fed Beige Book Aussie Dollar Gains on Upbeat GDP, Loonie Sinks Before BOC Meeting A revised Eurozone GDP report is Read More →