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USD/JPY Risks Larger Correction as RSI Divergence Takes Shape

Talking Points: - USD/JPY at Risk for Larger Pullback as RSI Divergence Takes Shape. - AUD/USD Holds 2014 Low (0.8659) Even as Australia Retail Sales Disappoints. - USDOLLAR Weighed by Weak ISM Manufacturing; RSI Remains Capped. For more updates, sign up for David's e-mail Read More →

Aussie Weakness via AUD/USD, EUR/AUD, GBP/AUD Driven by Data, Techs

Talking Points: - AUDUSD sees short covering rally at yearly low. - EURAUD and GBPAUD flagging after breaking 2014 downtrends. - We started to short AUDUSD in the second week of September. The Australian Dollar stumbled into October, setting fresh weekly lows against several Read More →

EUR/USD to Face Larger Rebound on Dismal ISM Manufacturing

- U.S. ISM Manufacturing Survey Expected to Fall Back from Highest Reading Since March 2011. - Even Though Employment Component Narrowed in August, Still Marked the Second-Highest Print for 2014. For more updates, sign up for David's e-mail distribution list. Trading the News: Read More →

Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low

Talking Points Precious Metals Remain Vulnerable As The US Dollar Resumes Its Ascent Crude Oil Recovery Questionable Ahead Of US Weekly Inventories Data Platinum Hits Fresh Multi-Year Low As Technicals Warn Of Further Weakness WTI is recovering some ground during early Asian trading today Read More →

Dollar’s Current Bull Leg Strongest since Rally Through Crisis

Talking Points: Dollar’s Current Bull Leg Strongest since Rally Through Crisis Euro Stumbles as Inflation Data Raises the Stakes for ECB Thursday Japanese Yen: Japan Inc Says Concerned Over Low Currency Dollar’s Current Bull Leg Strongest since Rally Through Crisis With Tuesday’s close, the Dow Read More →

US Dollar Soars Before Key Data, Pound May Fall on Soft PMI

Talking Points: US Dollar Outperforms as Markets Prepare for Key US Economic News-Flow British Pound to Continue Lower if PMI Data Undermines BOE Policy Bets See Economic Releases Directly on Your Charts with the DailyFX News App The US Dollar outperformed against its leading Read More →