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EUR Tumbles Post-ECB; Does New QE Program Live Up to Hype?

Talking Points: - Trend since December 17 continues to persist in EURUSD. - NZDUSD breaks below triangle, wedge support at July 2013 low. - See the DailyFX Economic Calendar for Friday, January 23, 2015. ‘Disappointment’ is a phrase you’ve probably heard associated with the Read More →

USD/CAD to Threaten Near-Term Resistance on Dismal Canada CPI

- Canada Consumer Price Index (CPI) to Slip Below 2% Target for First Time Since March 2014. - Core Inflation to Uptick to Annualized 2.3%- Highest Print for 2014. Trading the News: Canada Consumer Price Index (CPI) A slowdown in Canada’s Consumer Price Read More →

Pound Eyeing Carney Comments for Guidance, Euro to Look Past PMIs

Talking Points: Pound Looks to BOE Governor Carney Remarks for Updated Rates Outlook Euro Unlikely to Find a Potent Catalyst in January’s Round of PMI Readings See Economic Releases Directly on Your Charts with the DailyFX News App Scheduled commentary from BOE Governor Mark Read More →

Dollar Charges Higher as Policy Contrast Draws Focus to Fed

Talking Points: Dollar Charges Higher as Policy Contrast Draws Focus to Fed Euro Suffers Biggest Drop in Three Years on Massive ECB QE British Pound: Will 4Q GDP Forecasts Revive BoE Rate Forecasts? Dollar Charges Higher as Policy Contrast Draws Focus to Fed While this Read More →

Gold Stalls at Technical Resistance- Remains Constructive Above 1262

Talking Points Gold long bias at risk below near-term technical resistance Broader trade remains constructive above $1262 Event Risk on Tap Gold Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook Gold rallies into pitchfork resistance- near-term bearish invalidation Interim support $1280 & $1262/68- bullish invalidation Topside resistance breach Read More →

EUR/USD Downside Targets Remain Favored- 1.1300 in Focus

Talking Points: - EUR/USD Slips to Fresh Monthly Low as ECB Implements EUR 60B/Month QE Program. - AUD/USD Range Vulnerable to Slowing China Recovery; RSI Structure in Focus. - USDOLLAR Extends Advance Ahead of FOMC Meeting; Topside Targets on Radar. For more updates, sign Read More →