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Monthly archive November, 2015

Commodities Bounce as USD Unwinds though Copper Pressured by Glut

Talking Points: Gold climbed higher as arbitrage window closes on Fed rate rise Oil edged up before contract expiry, global glut persists albeit demand by refiners Solid supply retains pressure on copper prices Goldcontinued to climb after yesterday’s pick-up, as position adjustments took over Read More →

EUR/CAD Rebound Eyes 1.4340 Hurdle

Talking Points EURCAD rebound posts outside day off support– Long scalps favored Updated targets & invalidation levels Event Risk on Tap This Week EURCAD Daily Chart Created Using FXCM Marketscope 2.0 Broader Technical Outlook EURCAD rebounds off June high / posts outside day- bullish Interim resistance at the Read More →

EUR/USD Risks Larger Rebound Despite Dovish ECB Minutes

Talking Points: - EUR/USD Mounts Larger Rebound Despite Dovish ECB; Retail FX Flips Net-Short. - USD/CAD Pullback May Be Short-Lived on Slowing Canada Consumer Price Index (CPI), Retail Sales. - USDOLLAR Risks Larger Correction as FOMC Minutes Point to Three-Way Split. For more updates, Read More →

China Daily News Update for November, 19 2015

This daily digest will focus on new developments in China’s foreign exchange policy, changes in financial market regulations, and broader economic coverage in order to keep the DailyFX reader up-to-date on news typically covered only in Chinese-language sources. - The People’s Read More →

Messy Fed Says Don’t Stop Believing, Yet USD Takes a Dive

Talking Points - FOMC minutes were released yesterday, and in standard fashion, they said quite a bit without saying anything at all. But we may be headed for more confusion from the Fed. - While the world squarely focuses on that first Read More →

Buy the Dip in USD Viable as FOMC Minutes Provoke Profit Taking

Talking Points: - Weekly claims data shows US labor market chugging along. - USDOLLAR Index dip post-FOMC minutes hints at profit taking. - See the November forex seasonality report that forecasts US Dollar strength. The release of the FOMC minutes yesterday provided few surprises Read More →