FX News

Talking Points: - GBPUSD backs off daily highs after BoE policy decision. - Commodity FX bloc benefiting from policy speculation again. - See the October forex seasonality report that favors US Dollar weakness. With the Bank of England shifting its inflation forecast today, the Read More →

Talking Points: China market re-opening boosted volatility as general risk buying mixed with profit-taking Oil reversed from 2-day rally as US official data showed growing inventories and output Copper swung on position adjustments, though supported by supply squeeze Gold subdued prior to Fed’s meeting Read More →

Talking Points GBPUSD rebound eyes first major resistance Updated targets & invalidation levels Event Risk on Tap This Week GBPUSD Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPUSD testing resistance confluence into 1.5340 Breach targets more critical resistance up into 1.5447/50 Interim support at 1.5237 backed by Read More →

Talking Points: - AUDUSD, NZDUSD rally higher, AUDUSD at top of triangle. - Commodity bloc boosted as metals, energy prices rise. - See the October forex seasonality report that favors US Dollar weakness. The latest bout of USDOLLAR Index weakness is absent of the Read More →

Talking Points: NZ Dollar Gains as Dairy Price Jump Weighs Against RBNZ Rate Cut Bets Yen, Euro May Weaken as Commodity Dollars Firm on Swelling Risk Appetite See Economic Releases Directly on Your Charts with the DailyFX News App The New Zealand Dollar outperformed Read More →

Talking Points: Oil rallies amid stockpile drop, falling rig count, talks of production cuts Gold leaps on IMF’s global growth downgrade, China’s reserve demand Copper props up with risk assets although dampened by IMF’s forecast Commodities benefited from US dollar weakness and a risk Read More →