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Crude Oil Recovery Questionable As Supply Glut Story Remains Intact

Talking Points Crude Oil And The Precious Metals Rebound Strongly On Profit-Taking Natural Gas Extends Declines As Supportive Weather Speculation Fades Quarterly Forecast: Gold RemainsVulnerable To USD Strength The precious metals rebounded strongly on Monday after initially suffering some substantial declines in Asian trading. Read More →

AUD/USD Rebound Vulnerable to RBA Verbal Intervention

- Reserve Bank of Australia (RBA) to Keep Cash Rate at 2.50% for 15-Consecutive Meetings. - Will RBA Governor Glenn Stevens Toughen the Verbal Intervention on Aussie? For more updates, sign up for David's e-mail distribution list. Trading the News: Reserve Bank of Read More →

USD/JPY Remains Overbought- Weighed by Risk for Higher JGB Yields

Talking Points: - USD/JPY Falls Back from Fresh Monthly High as Moody’s See Risk of Higher JGB-Yields. - AUD/USD Rebounds from Channel Support; RBA to Toughen Verbal Intervention? - USDOLLAR RSI Continues to Mark Failed Attempts to Push Back Into Overbought Territory. For more Read More →

US Dollar at Special Risk, Japanese Yen Remains Attractive Trade

- US Dollar trades at multi-year resistance levels versus Euro, Yen, Sterling - Elevated forex volatility and key warning signs suggest reversal risk is high - The volatility-friendly Breakout2 strategy remains favored until further notice The US Dollar continues to trade near critical Read More →

Central Banks in Focus this Week as RBA, ECB Meet, NFPs on Friday

Talking Points: - ISM Manufacturing on Monday, NFPs on Friday for US Dollar. - RBA might not have much to say about weak domestic conditions. - ECB on Thursday biggest event risk of the week. Even though they’re both expected to meet this week Read More →

GBP/USD Pivots at November Low, Faces Trendline from July High

Talking Points: - Better than expected UK economic data helps buoy GBP. - EURGBP's false break higher may see retest of 0.7900. - See the 'high' importance events on the DailyFX Economic Calendar. Although today's UK data dump was nothing spectacular, it did offer Read More →