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Currency Markets Focus on ECB, BOE, Fed Commentary Into Week-End

Talking Points: FX Markets Eye ECB, BOE, Fed Commentary into Week-End Commodity Dollars Drop Alongside Oil , Iron Ore Prices in Asia Access Real-Time Markets Analysis with DailyFX on Demand Central bank commentary is likely to overshadow a lackluster economic calendar through the end Read More →

AUDUSD Reversal Scalp- Shorts Favored Sub 7850

Talking Points AUDUSD responds to resistance confluence 7938 Interim support at 7800 Event Risk on Tap ThisWeek AUD/USD Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook AUDUSD reverses off median-line / Fibonacci confluence at 7938 Pullback now testing initial support at 7800- bullish invalidation level Break below targets Read More →

GBP/USD 1.47 Support in Focus Ahead of BoE Rhetoric as Momentum Wanes

Talking Points: - GBP/USD Threatens Bullish RSI Momentum Ahead of BoE Rhetoric- 1.4700 Remains Key. - USD/JPY Tests 118.20 Support Ahead of Japan CPI; Broader Range in Focus. - USDOLLAR Continues to Rebound from Support- 4Q GDP, Fed’s Yellen and Fischer on Tap. For Read More →

Post-FOMC Levels Holding USD for Now; JPY-crosses Begin Breakdown

Talking Points: - USDOLLAR Index struggling at post-FOMC low, daily 34-EMA. - USDJPY wipes out below 119.25, contrary to March seasonality. - See the March forex seasonality report for trends in the QE-era. See the above video for technical considerations in EURUSD, GBPUSD, USDJPY, Read More →

Strong U.K. Sales to Threaten Weekly GBP/USD Range- 1.4980 in Focus

- U.K. Retail Sales to Pick Up for First Time Since November. - Will Lower Energy Prices Boost Private-Sector Spending? Trading the News: U.K. Retail Sales A 0.4% rebound in U.S. Retail Sales may improve the British Pound’s appeal and generate a more Read More →

Aussie, NZ Dollars Sink as Yemen Turmoil Drives Risk Aversion

Talking Points: Aussie, NZ Dollars Sink as Yemen Turmoil Drives Risk Aversion US Dollar at Risk if Fed-Speak Underpins Rate Hike Delay Bets Access Real-Time Markets Analysis with DailyFX on Demand The Australian and New Zealand Dollars underperformed in overnight trade, falling as much Read More →