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GBP/USD Holds Range Ahead of BoE Testimony- RSI Trigger on Tap?

Talking Points: - GBP/USD Threatens Bearish RSI Formation- BoE Testimony in Focus. - EUR/USD Pullback Eyes Former Support- Dovish ECB on Tap? - USDOLLAR Mounts Larger Rebound Ahead of Fed Rhetoric. For more updates, sign up for David's e-mail distribution list. GBP/USD Chart - Created Using Read More →

Retail FX Remains Net-Long USD/CAD Despite Fresh Monthly Low

Talking Points: - USD/CAD Retail Crowd Remains Net-Long Despite Fresh Monthly Low. - NZD/USD Threatens Resistance Ahead of New Zealand Consumer Price Index (CPI). - USDOLLAR Continues to Search for Support- U.S. Inflation to Slow in September. For more updates, sign up for David's Read More →

USD/CAD Support Vulnerable to Upbeat Canada Employment Report

- Canada Employment Expected to Increase for Third Consecutive Month. - Jobless Rate to Hold at 7.0%- Highest Reading for 2015. For more updates, sign up for David's e-mail distribution list. Trading the News: Canada Net Change in Employment Another 10.0K expansion in Canada Read More →

Oil, Copper Surge on Upbeat Demand, Low USD; Gold Volatile to Fed Note

Talking Points: Fed’s September meeting minutes sent USD lower and lifted commodities, G10 Copper rallied as Chinese smelters piled stocks for arbitrage profit Oil surged above $50 with demand forecasted to expand Gold saw volatile swings as market interpreted Fed’s minutes, upside is in Read More →

World Bank, IMF Meetings May Disrupt Otherwise Quiet Week-End

Talking Points: World Bank & IMF Meetings Create Headline Risk, Fed-Speak May Pass Quietly Australian, NZ Dollars Rise as Asian Markets Respond to Dovish FOMC Minutes See Economic Data Releases Directly on Your Charts with the DailyFX News App A quiet economic data docket Read More →

GBP/USD Retail FX Remains Net-Long Despite Dovish BoE

Talking Points: - GBP/USD Struggles as BoE Votes 8-1; Retail Positioning Narrows From Recent Extremes. - USD/JPY Preserves Bearish RSI Formation Following Wait-and-See BoJ, Widening Trade Surplus. - USDOLLAR Continues to Carve Bearish Pattern Ahead of FOMC Rhetoric. For more updates, sign up for Read More →