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Silver Breakdown Hints at USD Turning Point; EUR/USD, USD/CAD Not Done

Talking Points: - Silver/XAGUSD fall through support signals turning point. - EURUSD may push lower again; USDCAD eyes inv H&S. - Have a bullish (or bearish) bias on the US Dollar, but don’t know which pair to use? Use a USD currency basket. During Read More →

Crude Awaits Inventories Data, Gold Vulnerable To Renewed USD Momentum

Talking Points Gold and Silver Treading Water As The US Dollar Bulls Lose Steam Crude Oil May Be Left Lacking Bullish Cues From Inventories Data WTI Awaits A Close Below Nearby Support To Open Next Leg Lower Most major commodities are treading water during Read More →

Dollar Staves Off Correction as Fed Looks to Lose Hawks

Talking Points: Dollar Staves Off Correction as Fed Looks to Lose Hawks Euro Reacts to Data but Bigger Troubles Lie Ahead Japanese Yen: Prime Minister Abe Says Keeping an Eye on ‘Weak’ Currency Dollar Staves Off Correction as Fed Looks to Lose Hawks Interest rate Read More →

Scalping The EURAUD Breakout- Longs Favored Above 1.4353

Talking Points EURAUD 2014 formation breakout in focus Rally eyes near-term resistance- buying pullbacks above weekly ORL Event risk on tap this week EUR/AUD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook EURAUD breaches Andrew’s Pitchfork formation off yearly high Breakout targets key resistance 1.4575- 1.4600 Read More →

NZD/USD Risks Further Losses on New Zealand’s Widening Trade Deficit

- New Zealand Trade Deficit of NZD1.125B Would Mark Largest Shortfall Since August 2013. - Exports to Slow to NZD 3.20B- Lowest Since September 2010. Trading the News: New Zealand Trade Balance A marked expansion in New Zealand’s trade deficit may spark fresh Read More →

GBP/USD Faces Growing Risk for Bullish Breakout as DailyFX SSI Flips

Talking Points: - GBP/USD Remains Capped by 1.6410-40 Ahead of BoE Carney’s Speech; SSI Flips to Negative. - USD/CAD Continues to Carve Higher-Lows as Canada Retail Sales Disappoints. - USDOLLAR Preserves Bullish Setup Ahead of U.S. Durable Goods, Final 2Q GDP Report For more Read More →