Monthly archive February, 2015

Talking Points Sunday open gap-fill puts focus on weekly opening range Short scalps favored within near-term technical formation Event Risk on Tap USD/JPY Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook USDJPY remains within consolidation range off the December high Sunday open gap into 2-week lows is Read More →

- Reserve Bank of Australia (RBA) to Keep Cash Rate at 2.50% for 16-Consecutive Meetings. - Will RBA Governor Glenn Stevens Restore the Easing Cycle? For more updates, sign up for David's e-mail distribution list. Trading the News: Reserve Bank of Australia (RBA) Read More →

Talking Points: -GBP/USD Range in Focus Ahead of BoE Interest Rate Decision. - AUD/USD Rebound Vulnerable to Dovish RBA Policy Statement. - USDOLLAR Struggles as Personal Spending, ISM Manufacturing Disappoint. For more updates, sign up for David's e-mail distribution list. GBP/USD Chart - Created Using FXCM Read More →

- US Dollar positioning is stretched, reversal risk seems especially high this week - One-sided retail FX trader sentiment keeps our eye on Euro, Yen, and Commodity Bloc - We will stick to the volatility-friendly Breakout2 trading system across major pairs Key economic Read More →

Talking Points: - Daily 8-EMA has caught up to EURUSD price consolidation. - EURGBP finds resistance at daily 13-EMA. - See the DailyFX Economic Calendar for Monday, February 2, 2015. In a headline-driven market - one that decouples from fundamentals - it's best to Read More →