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Monthly archive September, 2015

USDCAD Levels to Know Ahead of BoC – 1.3335 Marks Critical Resistance

Talking Points USDCAD range in focus ahead of BoC Updated targets & invalidation levels Event Risk on Tap This Week USDCAD Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook USDCAD monthly opening range in focus ahead of BoC Interim support 1.3138 (monthly open) backed by 1.3063 (bullish Read More →

Volatility Risks Warn of big Moves. We Prefer this Trading Strategy

- Forex volatility prices fall somewhat, but risks remain elevated on critical two weeks ahead - Our focus remains on our high-volatility Breakout2 trading strategy - Real data shows that most retail traders do poorly in volatile markets, caution remains advised The US Read More →

EUR, JPY Dip as Rebound in Risk Sentiment Lifts AUD, CAD

Talking Points: - EURUSD slides back towards $1.1150. - AUDUSD covering rally takes it back to its daily 5-EMA. - See the September forex seasonality report. The key reversal that appeared on the USDOLLAR's H4 chart yesterday has proved to be the marking of Read More →

Low China Imports Hit Commodities; Glencore Output Cut Supports Copper

Talking Points: China posted higher August Trade surplus but Imports almost halved Refinery demand for crude oil faces extra North Sea & Nigerian production Copper elevated by Glencore mine shutdown, steady China copper imports Gold’s lackluster likely precedes volatility later in the session After a Read More →

Yen, US Dollar Drop in Tandem on Dovish Fed Outlook Shift

Talking Points: Yen and US Dollar Drop in Tandem as Dovish Fed Outlook Shift Boosts Risk S&P 500 Stock Index Futures Hint Overnight Dynamics Poised to Continue See Economic Releases Directly on Your Charts with the DailyFX News App The Japanese Yen underperformed in Read More →

EUR/USD Holds Under August TL While EUR/AUD Readies in Triangle

Talking Points: - EURUSD starting to treat moving average envelope as resistance. - EURAUD may be consolidating in a bullish symmetrical triangle. - See the September forex seasonality report. The broader USDOLLAR Index is showing signs of stress after its recent run higher post-NFPs. Read More →