Monthly archive October, 2015

Talking Points: - EUR-crosses suggesting significant technical damage after ECB. - USD bulls may want to choose more selectively going forward. - See the October forex seasonality report that favors US Dollar weakness. The ECB meeting yesterday blew away dovish expectations thanks to a Read More →

- Canada’s Headline Consumer Price Index (CPI) to Slow for First Time in Since April. - Core Rate of Inflation to Uptick to Annualized 2.2% From 2.1%- Lowest Since February. For more updates, sign up for David's e-mail distribution list. Trading the News: Read More →

Talking Points: Euro May Drop Further as Soft PMI Data Bolsters Stimulus Expansion Bets Australian, NZ Dollars Rise as Post-ECB Risk Rally Moves to Asian Bourses See Economic Releases Directly on Your Charts with the DailyFX News App The preliminary set of October’s Eurozone Read More →

Talking Points: Risk-buying after ECB’s signal of stimulus is offset somewhat by strong USD Oil steadied together with equities rally in Asia Gold rose on dovish expectation for upcoming central bank meetings Copper found support from data and risk sentiment Gold extended higher in Asia Read More →

Talking Points USDCAD rally at risk ahead of key Canada inflation data Updated targets & invalidation levels Event Risk on Tap This Week USDCAD Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook USDCAD testing key resistance confluence at 1.3138/50 Confluence support & near-term bullish invalidation 1.3060/70 Subsequent support Read More →

Talking Points: - GBP/USD Carves Outside-Day; U.K. 4Q Gross Domestic Product (GDP) on Radar. - EUR/USD Searches for Support Following as ECB Removes Floor on Interest Rates. - USDOLLAR Clears Near-Term Hurdle- Eyes Monthly High (12,081). For more updates, sign up for David's e-mail Read More →