Monthly archive November, 2015

Talking Points: Gold tumbles through Yellen’s hawkish testimony and positive US data Oil reverses gains as inventory exceeds forecast while Cushing draw narrows Copper retreats after a rally triggered by Glencore output cut Gold took another hit overnight from Chair Janet Yellen’s testimony before Read More →

Talking Points According to overnight swaps, there is a 0.5 percent probability of a hike at today’s BoE meet BoE meetings have become more accessible with simultaneous statements and quarterly reports Retail speculative traders have 1.6 times the shorts on GBPUSD and 2.95 Read More →

Talking Points GBP/USD holding descending channel ahead of key Event Risk Updated targets & invalidation levels Event Risk on Tap This Week GBPUSD Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPUSD fails at slope resistance / 100DMA- bearish Support 1.5339 backed by key support into 1.5275-1.53 Read More →

Talking Points: - USD/JPY Retail FX Longs Narrow Ahead of Bank of Japan (BoJ) Meeting Minutes. - GBP/USD Holds Weekly Range Ahead of theBank of England’s (BoE) ‘Super Thursday’ Event. - USDOLLAR Climbs to Fresh Weekly High as ISM Non-Manufacturing Boosts Bets for Read More →

Talking Points: - EUR/USD eyes continuation lower from bear flag below $1.0890/95. - USD/JPY acting more bullishly in recent days, eyes above ¥120.80. - See the November forex seasonality report that forecasts US Dollar strength. As EUR/USD's bear flag has resumed its longer-term thrust Read More →

Talking Points: British Pound May Not See Follow-Through on PMIs as BOE Rate Decision Looms US Dollar Volatility Risk Skewed to the Upside on ISM and ADP Data, Fed-Speak Aussie Dollar Gains on China PMI, NZ Dollar Slumps on Disappointing Jobs Print The final Read More →