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Monthly archive February, 2016

EUR/USD Breaks Out; Retail FX Remains Net-Short Ahead of Draghi

Talking Points: - EUR/USD Breaks Out; Retail FX Remains Net-Short Ahead of Draghi Comments. - GBP/USD Squeezes Higher- Bullish Formation Remains in Play Ahead of BoE. - USDOLLAR Breaks Down as Mixed Data Continues- Fed’s Dudley Highlights Dovish Outlook. For more updates, sign up Read More →

PBOC says China’s Economy Will Continue to Face Pressure in 2016

This daily digest focuses on market sentiment, new developments in China’s foreign exchange policy, changes in financial market regulations and Chinese-language economic coverage in order to keep DailyFX readers up-to-date on news typically covered only in Chinese-language sources. - PBOC said Read More →

Global Stocks Are Working on Synchronous Bear Flag Formations

Talking Points: - The New Year has brought an apparent flip in sentiment, as ‘buy the dip’ has turned into ‘sell the rip.’ This has produced bear-flag formations in many global equity indices. - Sentiment flips in markets take time, as bulls Read More →

USDOLLAR Eyes Major Support Ahead of ADP, ISM Services

Talking Points: - AUD/JPY, AUD/USD pivot at former support turned resistance. - EUR-crosses seek stability; important few days for EUR/GBP. - Follow trader sentiment in USD/CAD with live DailyFX SSI updates. US economic data has been rocky of late, and traders are starting to Read More →

EUR/USD Risks Bullish Breakout on Slowing ISM Non-Manufacturing

- U.S. ISM Non-Manufacturing Survey to Slow for Third Consecutive Month. - Reading of 55.2 Would Mark the Lowest Print Since April 2014. For more updates, sign up for David's e-mail distribution list. Trading the News: U.S. ISM Non-Manufacturing A slowdown in the ISM Read More →

Copper Flattens, Gold Holds up as Oil Slip Triggers Risk-Selling

Talking Points: Gold benefited from safe haven interests while risk assets were sold across the board Oil slipped after API stock build report, all eyes are on DoE official data Copper stayed static amid low volume, China cut mortgage down payment Oil price slid Read More →