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Monthly archive September, 2015

USD Turns to First of Two Major Pre-FOMC Data Prints Today

Talking Points: - EURUSD holding near $1.1300 after mixed data from the Euro-Zone. - The AUDNZD and EURGBP flags/pennants have yet to breakout. - See the September forex seasonality report. As one of two "high" rated events on the DailyFX Economic Calendar before Thursday's Read More →

Gold Flat as Market Ready for Fed; Oil, Copper Weak on Economic Woes

Talking Points: Oil dipped on BOJ’s gloomy assessments; OPEC projected lower demand in 2016 Gold moved sideways as market seemed ready for FOMC decision Copper steadied though fragile on downside Oil and copper steadily rose during New York and early Asian sessions until losses Read More →

AUD/USD Mounts Larger Test of Bearish Formation Ahead of RBA Minutes

- Reserve Bank of Australia (RBA) Minutes to Endorse Wait-and-See Approach. - Will the Policy Statement Highlight an End of RBA’s Easing Cycle? For more updates, sign up for David's e-mail distribution list. Trading the News: Reserve Bank of Australia Minutes The fresh rhetoric Read More →

Webinar: FOMC Setups We’ll be Trading as Yellen Takes Center Stage

Talking Points Weekly DailyFX Scalp Webinar archive covering featured setups Updated targets & invalidation levels Event Risk on Tap This Week USDOLLAR Daily Chart Created Using FXCM Marketscope 2.0 Notes: The USDOLLAR will be central focus heading into what will probably be the most important FOMC Read More →

Forex Volatility Nearly Guaranteed – Here are Pairs we’re Watching

- Forex volatility prices surge ahead of critical US Federal Reserve Interest Rate decision - 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 Major FX market Read More →

USD on Shaky Footing at the Start of FOMC Week

Talking Points: - EURUSD holds above $1.1300 after better EZ production data. - AUDUSD, NZDUSD lead high yield FX reversal. - See the September forex seasonality report. Realistically, the Fed realistically has one of two options this week, and neither bode well for the Read More →