Monthly archive June, 2014

Talking Points GBPJPY reversal off resistance last week now checking support Broader outlook constructive- support break to trigger correction Event risk on from Japan & UK this week GBPJPY Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPJPY holding within confines of ascending channel off Read More →

Talking Points: - USDOLLAR to Resume Bearish Trend; Lower-Low on Tap? - EUR/USD Breakout Eyes Former Support (1.3670-80) Ahead of ECB July Meeting - USD/JPY Threatens Monthly Low (101.59) Ahead of Japan CPI Report Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10436.21 10456 10426.24 -0.13 87.96% USDOLLAR(Ticker: USDollar): Dow Read More →

Talking Points: - USDOLLAR breaking out of falling wedge and symmetrical triangle. - EURUSD nears event horizon for triangle breakout point. - June seasonality still working against the buck, however. A sharp turnaround in long-end US yields yesterday undermined enthusiasm for the US Dollar Read More →

Talking Points Iraq conflict stirs crude oil volatility US crude inventories in focus Gold elevated by geopolitical tensions Crude oil is set for another volatile session with US inventories and Durable Goods Orders data on tap, with additional guidance offered by ongoing concerns over Read More →

- U.S. Final 1Q GDP Print to Show Another Downward Revision/Larger Contraction. - 1.8% Decline Would Mark the Biggest Drop Since 1Q 2009 (-5.4%). Trading the News: U.S. Gross Domestic Product (GDP) The final 1Q Gross Domestic Product (GDP) report may heighten the Read More →

Talking Points: Euro Still Looking to ECB Commentary for Stimulus Expansion Clues Currency Markets May Look Past Another Downgrade of 1Q US GDP US Dollar to Rise if Durables, PMI Data Top Economists’ Forecasts A lackluster European economic calendar offers little to drive volatility Read More →